Articles on Reinsurance

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Hurricane Wilma in 2005 was the last major storm to rock Florida – and its insurance market. Carlos Barria/Reuters

When catastrophe strikes, who foots the bill?

Even though Hurricane Matthew has been downgraded to category 3, it's expected to cause substantial damage to Florida and other states in the region. The question is, who pays.
Is the government’s scheme already in deep water? Steve Parsons/PA

Government flood insurance plan is already treading water

The government’s long-awaited plans on how to help the insurance industry provide flood insurance to those homes and properties most at risk was presented. They are promising, but have fundamental shortcomings…
As natural disasters happen more often, rising insurance premiums will force the private sector to take action on climate change. AAP

Climate change is everybody’s business

Hurricane Sandy may or may not be a direct result of climate change, but what is certain is that the incidence of extreme climate events is increasing. Such events are predicted by climate models, according…

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