Texas Insurers Sue ERCOT, Power Generators Over Damages From Deep Freeze January 10, 2022 By Jim Sams A lawsuit filed by 131 insurance companies alleges that negligence by the organization that operates Texas’ electrical grid and power...
KC&C Says Colo. Wildfire Caused $1 Billion in Insured Losses January 5, 2022 The wildfire that ignited on Dec. 30 in Boulder County, Colorado destroyed 1,000 structures and caused insured losses of about...
COVID-19 Loss of $44B Is 3rd Largest Catastrophe Cost to Insurers – Howden January 4, 2022 LONDON–Insured losses of $44 billion from COVID-19 so far represent the third largest cost to insurers of any catastrophe, behind...
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...
Deadly Tornadoes to Cost Insurers Up to $5B December 14, 2021 Insured losses from the swarm of tornadoes and severe convective storms that caused destruction in parts of the United States...
Insurer Hiscox Earmarks $150M For Hurricane, Flood Losses November 2, 2021 By Muvija M and Carolyn Cohn Hiscox has set aside $150 million to cover losses linked to Hurricane Ida and floods in Europe, the insurer said,...
Hurricane Ida Damage Projections Reaching the Scale of Irma, Harvey and Sandy September 9, 2021 By Jim Sams Insured losses from Hurricane Ida are now creeping into the $30 billion range after catastrophe modelers added damage to properties...
Ida v. Katrina in New Orleans: Fewer People, Better Levees, Smaller Storm Surge September 3, 2021 By Jim Sams Hurricane Ida and Hurricane Katrina in 2005 made landfall within 50 miles of one other and each carried 150 mph...
Aon Says Natural Disaster Insured Losses for First Half of Year Hit 10-Year High July 22, 2021 LONDON — Insured losses from natural disasters hit a 10-year high of $42 billion in the first half of 2021,...
Swiss Re Says Secondary Perils Should Be a Priority Concern for Insurers March 31, 2021 By Claims Journal Staff Swiss Re warned insurers Tuesday that secondary perils such as thunderstorms and wildfires are making up a growing share of...