The African Risk Capacity (ARC) has partnered with the United Nations Economic Commission for Africa (ECA) to increase insurance coverage in Africa following the rising costs associated with climate change.
Blue Capital Reinsurance Holdings has reported a net loss of $43.2mn for 2017, following a string of third and fourth quarter catastrophes, it said in its fourth quarter results.
California insurers must cover homeowners for damage caused by mudslides if fire is judged to be the "proximate cause" of the slide, regulators said yesterday.
