Tornadoes Push 2021 Insured Losses Over $105B as Climate Change Impact Grows December 21, 2021 By Noor Zainab Hussain and Carolyn Cohn Devastation from tornadoes that slammed parts of the United States this month will push the insurance industry’s 2021 bill for...
Insurers Could Face $1B Hit From Hurricane Ida Damage to Offshore Rigs September 3, 2021 By Noor Zainab Hussain and Carolyn Cohn Insurers are bracing for a hit of about $1 billion from physical damage to offshore rigs and structures from Hurricane...
Tropical Storm Fay Leaves About $400M in Insured Losses Behind July 15, 2020 By Jim Sams Tropical Storm Fay managed to cause about $400 million in insured losses after coming ashore in Atlantic City, New Jersey...
Cat Models Impact After Hurricane Andrew August 24, 2017 By Denise Johnson When Andrew, a category 5 hurricane, made landfall on August 24, 1992, it was a wakeup call for the insurance...
Katrina’s Impact on Commercial Property Insurance August 5, 2015 By Denise Johnson Catastrophe modeling, advances in mitigation as well as building design changes are just a few of the areas impacted by...
CoreLogic Releases New Catastrophe Risk Models July 3, 2014 CoreLogic, a global property information, analytics and data-enabled services provider, released a new version of its EQECAT natural catastrophe modeling...
Canada Not Prepared for a Major Earthquake, New Study Warns October 30, 2013 A new scientific study on the impact of a major earthquake in Canada, released in Ottawa today by Insurance Bureau...
Peak Re Licenses AIR Worldwide Catastrophe Modeling Systems March 15, 2013 Catastrophe modeling firm AIR Worldwide (AIR) announced that Peak Reinsurance Co. Ltd. (Peak Re), a reinsurer headquartered in Hong Kong...
RMS: Hurricane Isaac Insured Losses between $1 to $2B from Wind and Surge September 14, 2012 U.S. insured losses from Hurricane Issac’s wind and surge impacts on the U.S. Gulf Coast will fall between USD$1−2 billion,...
AIR: Northern UK, Scotland Battered by Windstorm Friedhelm December 13, 2011 According to catastrophe modeling firm AIR Worldwide, a red alert was issued for winds in Scotland and the Northern UK...