Storm Bert, which hit the UK and Ireland over the weekend, has triggered a 60 percent surge in insurance claims, although its impact is more localised than previous storms, according to claims management provider Sedgwick.

While recent floods in Spain's Valencia and Malaga regions have caused damage totalling several billion euros, insurers have been shielded by the country's state-backed disaster backstop, highlighting the role such initiatives can play in the event of major losses.

Chubb leads the DHL aviation cargo insurance program that is likely to be triggered after a SwiftAir-operated Boeing plane crashed this morning near Vilnius International Airport in Lithuania, The Insurer understands.

Property Claim Services (PCS) has issued an updated estimate of $14.7bn for insured losses from Hurricane Milton, almost three times its initial estimate of $5bn, The Insurer understands.

Economic losses from the territories impacted by Typhoon Man-yi between 16 and 17 November may reach the tens of millions of dollars, according to Aon.

Personal lines giant Allstate has estimated pre-tax catastrophe losses for October of $286mn, including $102mn from Hurricane Milton and unfavourable reserve reestimates of $144mn related to Hurricane Helene.

Pharma class actions, mounting PFAS litigation and the growth of collective redress outside the US are creating a challenging market for liability insurers, which are already grappling with “spiralling” claims costs as nuclear verdicts increase in number and size, according to Allianz Commercial.

AM Best’s latest report on asbestos and environmental liabilities has held the firm’s estimate for ultimate net losses steady at $146bn combined despite evolving environmental litigation related to PFAS, while reserves continued to decline along with incurred losses.

An atmospheric river that caused widespread flooding along the southern British Columbia coastline in Canada between 18 and 20 October has generated insured damages of over C$110mn ($78mn), according to Catastrophe Indices Qualification and Quantification (CatIQ).

Over 200,000 residential policyholders impacted by California’s recent Mountain Fire have had their coverage preserved after a moratorium was issued preventing carriers from non-renewing or cancelling protection for those affected, while Aon has said insured losses from the blaze will be “notable”.

Flash flooding across southern Spain in October is likely to generate total insured losses of more than €4bn, according to Morningstar DBRS, including those covered by the state-backed catastrophe consortium. 

The Texas Windstorm Insurance Association (Twia) has pegged its Hurricane Beryl loss at $455mn, which is roughly equivalent to the balance in its Catastrophe Reserve Trust Fund, with the association projecting to pay $485mn on reinsurance next year due to the need for more limit.

Maiden Holdings said it is looking at solutions to bring finality to AmTrust liabilities not covered by the Enstar loss portfolio transfer (LPT) and adverse development cover (ADC) agreement after reporting higher unfavourable development on the book of $11.7mn in the third quarter.

The Federal Emergency Management Agency (Fema) has projected Hurricane Helene could potentially generate National Flood Insurance Program (NFIP) claims losses between $3.5bn to $7bn, and noted the program “may trigger reinsurance payments”.

Events like the recent Valencia floods are expected to become more frequent in Europe due to the warming of the Mediterranean, according to Anke Sielker, head of the reinsurance practice and head of insurance for EMEA at ICEYE.