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Understanding Catastrophes
Recent natural and man-made catastrophes are mandating that business recalibrate risk. This is because ‘worst cases’ are being exceeded all around us. Guest blogger Phil Ellis, CEO of Willis Global...
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One Year Later, Thai Floods Still Teach us Supply-Chain Lessons
At an estimated US$ 15 billion of insurable losses, the 2011 Thai floods are likely to rank as one of the most costly natural catastrophes. Unlike other nat cat events, a significant portion of these...
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Podcast: Sandy’s Impact on the Insurance Market
In WillisWire’s latest podcast I discuss the impact of “Superstorm” Sandy on the Catastrophe bond market. Key highlights include: Whether or not Sandy will trigger any Catastrophe bonds Much of Sandy’s...
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Understanding Flood Insurance
Probably the most devastating, type of water claim is from flooding. Flooding is also probably the most misunderstood of the types of water claims.The reason for the misunderstanding is that floods are...
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Stemming the Flow: Flooding in Central Europe
Prolonged heavy rainfall across central Europe combined with a wet May has brought widespread flooding to much of Germany, Austria and the Czech Republic. In response, Willis has mobilised field teams...
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Flash Floods, Flimsy Coverage
If your Ferrari tastes extend to your home, and you have top-of-the-line construction and luxury furnishings, you may be in for a shocking surprise if your house is flooded.
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Delay in Flood Rate Increases Considered in Congress
A non-Sandy, flood-related news story made headlines this week as several members of Congress have submitted legislation to delay flood insurance rate increases set to start this year.
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Strongest El Niño in Decades
Seasonal forecasting is a developing science. Skill is required for the scientific production of the forecast, but also in interpreting the information. However, if there is ever going to be a good...
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The U.K. Floods: Record-Breaking December – How Bad Was it?
December 2015 saw Storms Desmond, Eva and Frank hit the U.K. leaving widespread flooding in its wake, breaking meteorological records and causing the insurance industry a £1.3bn headache. The flooding...
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U.K. Floods: Should We Expect More of the Same?
Last week we examined the impact of the recent U.K. floods on the re/insurance industry. This leads us to ask what we should expect in the future. The U.K. December floods provided a useful case study...
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The U.K. Floods: Looking Forward – Building Better Resilience
How best to protect communities from flooding, how modelling could be better used to forecast areas at high risk of flooding, and reinsurance solutions to protect against earnings volatility.
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Noah needs insurance
Insurance is the strand that anchors every family, business and community. Insurance complements and supports best building codes, discourages risky behavior and provides money to rebuild.
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