Day: June 26, 2026

Insurance industry losses related to the two major earthquakes that hit Venezuela this week are anticipated to represent only a small portion of the billions of dollars in economic losses expected from this catastrophe, according to broking group Aon’s recent Weekly Cat Report. Northwestern Venezuela, specifically the area west of Caracas, was recently impacted by […]

The post Insured losses from Venezuela quakes likely to be a ‘fraction’ of total multi-billion economic loss: Aon appeared first on ReinsuranceNe.ws.

An attack on a container vessel sailing through the Strait of Hormuz has prompted some shipowners to review exit plans, but traffic continued to flow in both directions through the vital thoroughfare on Friday. Two fully laden tankers are heading …

New York City’s Rent Guidelines Board voted to freeze rents for roughly one million stabilized apartments, handing Mayor Zohran Mamdani a major political victory and delivering on a central promise that launched him to City Hall. The board voted 7-1 …

A new Howden Re report focused on the 1 July 2026 Casualty and Financial lines renewals has suggested that for those willing to look past the noise and into the data, there is a compelling case for profitable growth in the market. “As property pricing softens and fresh capital continues to flow into the P&C […]

The post July Casualty and Financial Lines renewals orderly as reinsurers reward stronger portfolios: Howden Re appeared first on ReinsuranceNe.ws.

A fire was extinguished in a process unit pump room at Monroe Energy’s 190,000-barrel-per-day refinery in Trainer, Pennsylvania, on Thursday, the company said in a statement. The exact cause of the fire is unclear at this time, the company said, …

London’s efforts to deal with rising temperatures come at a considerable financial cost that will require the city to turn to private investors for help, the mayor of the UK capital said. Instead of being a “future threat,” extreme heat …