Articles
The Impact of Tariffs on Insurance Claims
We have heard the current incumbent of the White House refer to tariffs as “a great negotiating tool”, “a beautiful thing” and “taxes on foreign countries”. While the justification of high tariffs used to be to punish unfair trade from China, recent announcements suggest that most of the US’s closest allies will be significantly impacted…….
MDD LA Wildfires Report
California Wildfires of January 2025: A Devastating Start to the Year The year 2025 began with a series of devastating wildfires that swept through Southern California, leaving a trail of destruction and significant insured losses in their wake. Fuelled by dry conditions and strong Santa Ana winds, the fires erupted on January 7th, 2025, and……
CAT Spotlight – Iceland
In this CAT spotlight, we focus on Iceland, situated on the Mid-Atlantic Ridge, a country prone to volcanic eruptions, earthquakes, and glacial floods. The most well-known CAT event in recent times was the March 2010 Eyjafjallajökull eruption. Most will remember the disruption the ash cloud caused across Europe’s aviation industry, which cost the industry over……
Recapping the 2024 Hurricane Season
Whilst to most, 01 December marks the countdown towards the festive season, to others on the other side of the Atlantic, it also marks the end of the Hurricane Season (officially on 30 November). Initial Forecast vs. Actual Season Forecast Expectations: Back in May 2024, experts from NOAA and Colorado State University predicted an above-average hurricane……
CAT Spotlight – Italy
In this CAT spotlight article, we look at Italy, where floods and earthquakes have caused the most damage over the last two centuries. As an example of the frequency of seismic events, Italy suffered over 16,000 in 2023, according to Statista data, but only two were greater than 5 on the moment magnitude scale.* The……
Deep-Sea Mining – Panacea or Problem?
For quite some time now, much has been said about the world’s move toward clean energy and the goal toward net zero by 2050. To achieve this, demand will continue to grow for certain critical minerals, such as lithium, nickel, cobalt, graphite, etc. But how can this demand be met with ethically sourced minerals? While……