Swiss Re Posts Loss on Hurricane Hit, Signals Price Hikes Ahead October 28, 2022 By Marion Halftermeyer Swiss Re reported a third-quarter loss of $442 million driven by claims tied to the damage from hurricane Ian, and...
Hurricane Dorian Leaves Bahamas With Estimated $7 Billion in Damages September 5, 2019 Hurricane Dorian inflicted an estimated $7 billion in total insured and uninsured losses on the Bahamas, according to catastrophe risk...
Lloyd’s Reports $1.7B Paid for Hurricanes Harvey, Irma and Maria December 1, 2017 The Lloyd’s market has paid claims worth $1.7 billion so far in response to hurricanes Harvey, Irma and Maria. Earlier...
Warming Seas Could Lead to 70% Rise in Hurricane-Related Financial Loss October 17, 2017 If oceans warm at a rate predicted by the Intergovernmental Panel on Climate Change, the United Nation-sponsored group that assesses...
Citizens Estimates $1.23B In Insured Losses from Hurricane Irma September 29, 2017 Hurricane Irma will generate up to 70,000 claims and approximately $1.23 billion of insured losses to Citizens Property Insurance Corporation...
North Carolina House Panel OKs Debt Option to Pay Catastrophic Claims May 11, 2015 The state-sanctioned property insurance program in North Carolina coastal counties could borrow to pay for extreme catastrophic losses from hurricanes...