claims

As per Verisk’s latest Quarterly Property Report, claims volume in the U.S. and Canada continued to decline in the first quarter of 2025, reaching a five-year low, even amid significant weather events across several regions.

According to the California Department of Insurance, the insurance industry has paid $6.94 billion in residential and commercial claims to consumers in Southern California, related to the Los Angeles wildfires, as of February 5th, 2025.

Insurance companies have lost control of their claims frequency and the use of technology enabled claims instigation practices to drive more claims through litigation has become a significant social inflationary threat to the industry, with ramifications for the reinsurance and insurance-linked securities (ILS) market, speakers explained in our latest Artemis Live video interview.

Standard & Poor’s has issued a press release which provides commentary on their approach to rating medical benefit linked securitization transactions such as the Vitality Re Ltd. and Vitality Re II Ltd. deals which were issued on behalf of insurer Aetna. The commentary provides some information on the factors that S&P consider during their analysis […]

Insurance claims triggered by the severe spell of winter weather that the UK endured during December 2010 look likely to be at least £110m higher than the average for the same period of December according to insurer RSA. The coldest December for 100 years brought snow and ice to the UK and caused a large […]

Once again Standard & Poor’s have announced that the maturity date for Oil Casualty Insurance Ltd’s Avalon Re catastrophe bond notes has been extended. This is to allow further loss reporting to develop and be reported as it seems the full extent of losses suffered by this cat bond deal are still not fully known. The […]