InsurTech Digital Magazine November 2024 | Page 26

MONTH IN REVIEW

HURRICANE MILTON IS SET TO COST INSURERS BILLIONS
RBC analysts forecast that Hurricane Milton will cost insurers around US $ 60bn , making it one of the costliest natural disasters of all time . InsurTech Digital asks : is a world blighted by climate change insurable ?
AXA PAYS SETTLEMENT TO DAE OVER JETS SEIZED BY RUSSIA
A “ megatrial ” began in London , with many aircraft lessors litigating against insurers over stranded assets in Russia since its invasion of Ukraine . AXA paid an out-ofcourt settlement to DAE over 19 planes stranded in Russia since its invasion of Ukraine , which could set a precedent for the other cases .
26 November 2024