When a hurricane or a wildfire strikes, the economic damage is usually very visible — roofs are ripped off or...
catastrophe modeling News
Moody’s Ratings said in a report on Thursday that it expects the Los Angeles wildfires to increase property insurance costs...
Among natural disasters, wildfires are the great unknown. Even the most-sophisticated scientific models fail to capture all the risk factors...
Verisk said on Thursday it will be the first modeler to request a review of its wildfire catastrophe model under...
California Insurance Commissioner Ricardo Lara on Friday announced what he’s calling “first of its kind” catastrophe modeling and ratemaking regulation...
In the past five years, the annual insured losses from natural catastrophes averaged $106 billion, up from $83 billion in...
Devastation from tornadoes that slammed parts of the United States this month will push the insurance industry’s 2021 bill for...
Insurers are bracing for a hit of about $1 billion from physical damage to offshore rigs and structures from Hurricane...
Tropical Storm Fay managed to cause about $400 million in insured losses after coming ashore in Atlantic City, New Jersey...
When Andrew, a category 5 hurricane, made landfall on August 24, 1992, it was a wakeup call for the insurance...