shutterstock_1177563853

19 June 2024Insurance

Insurers suffer 30% rise in claims from lightning in 2023 to $1.2bn

Insurers suffered a 30% increase in claims caused by lightning strikes to over $1.2 billion in 2023, the industry lobby group Insurance Information Institute (III) said of its calculations.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Marine insurers cancel war risk cover for Red Sea and Indian Ocean

13 August 2026 Cancellation wave leaves shipowners and operators scrambling for repriced cover ahead of midnight Saturday deadline.

Jolly Swagman: IAG takes natural peril knock to bottom line FY2026, margins flat

13 August 2026 Weak New Zealand currency hampers growth in Kiwi market.

Perils lowers windstorm Nils six-month insured loss estimate

13 August 2026 Third estimate puts insured losses below the previous three-month figure.

More articles

Reinsurers beat cost of capital for third straight year: AM Best

Pelagos grows 6.4% on shifting book and hints of sourcing shift

Marine insurers cancel war risk cover for Red Sea and Indian Ocean

Reinsurers prioritise returns over growth as property-cat pricing softens: Morningstar

Jolly Swagman: IAG takes natural peril knock to bottom line FY2026, margins flat

Bermuda pushes asset liability management beyond cash-flow matching

Perils lowers windstorm Nils six-month insured loss estimate

Casualty market softens in Q2, but US liability bucks the trend: Aon

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze