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U.S.-based The Goldman Sachs Group Inc. said that natural disasters are likely to have caused around $7 billion in insured losses across the world in the first quarter, Artemis.bm reports. Analysts at Goldman Sachs said that European storms are expected to cost insurers more than $2 billion.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Inflation drives 10% increase in sum insured for windstorms
6. Apple loses bid to throw out $977M lawsuit over app store fees