Financial
Hurricane Laura losses said up to $9bn by KCC, up to $8bn by AIR
Hurricane Laura related industry loss estimates are coming thick and fast today, with catastrophe risk modellers Karen Clark & Company saying to expect a total of close to $9 billion, while AIR Worldwide has said up to $8 billion for onshore property losses only. As ever, it’s a challenge to compare insurance and reinsurance industry…
Read MoreUK winter floods & storms cost re/insurers more than $1bn: PERILS
The insurance and potentially reinsurance market loss from flooding that struck the United Kingdom this February is now estimated to have caused an industry loss of UK £375 million, up 26% from an estimate made in April. Detailed claims data collected from insurers shows that the toll to the industry from severe flooding that struck…
Read MoreTyphoon Maysak could hit South Korea at Cat 3 strength
Typhoon Maysak is strengthening as it heads towards the Japanese Ryukyu Islands, after which it is expected to continue north towards the Busan region of South Korea, with the latest forecasts suggesting sustained winds of as much as 115 mph could be experienced at landfall. It’s the second major typhoon threat for the Korean peninsula…
Read MoreBest of Artemis, week ending 30th August 2020
Here are the ten most popular news articles, week ending 30th August 2020, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish. Last chance to register for our…
Read MoreThe Hard Truths About Pre-Employment Testing
At a time when unemployment is at unprecedented levels and the economy is suffering, people are applying to jobs at record rates. That means that hiring managers are having to comb through a much higher volume of applications than usual, which, understandably, can be a monumentally overwhelming task.To help get to stronger candidates, many hiring […]
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Read MoreHere’s what’s needed for Fannie Mae, Freddie Mac to exit conservatorship
Before Fannie Mae and Freddie Mac exit conservatorship, several things still must happen. As the presidential election approaches, the Federal Housing Finance Agencies and the government-sponsored enterprises are entering crunch time. Q2 2020 hedge fund letters, conferences and more In a note this week, Dick Bove of Odeon Capital highlighted four administrative things that must […]
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Read MoreOil Spill Threatens The Bajo Napo Key Biodiversity Area
Ongoing Risk of Oil Spills in the Ecuadorian Amazon Threatens Indigenous Peoples, Imperiled Wildlife, and the Bajo Napo Key Biodiversity Area Q2 2020 hedge fund letters, conferences and more Provincial Court to Announce Decision Tuesday on Shuttering Pipelines That Threaten an Imminent Second Oil Spill on Heels of Catastrophic April 7 Pipeline Rupture The Provincial […]
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Read MoreLock It Down: The Role of E-Signatures For Financial Firms
The electronic signature revolution is here. Traditional physical signatures aren’t fit for our constantly changing, tech-savvy world. Faster, more secure alternatives are becoming increasingly common, with some experts predicting the market could balloon to $5.5 billion by 2023. Q2 2020 hedge fund letters, conferences and more In a time when social distancing and remote work are […]
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Read MoreFraudsters Ran Away with Coronavirus Relief Funds
Fraudsters Ran Away with Thousands in Coronavirus Relief Funds Meant For Small Businesses The Trump administration set up the Paycheck Protection Program with little oversight and even less organization. This handily opened the door for hundreds of fraudsters to exploit the PPP program meant for struggling mom-and-pop shops and their communities. Q2 2020 hedge fund letters, […]
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