Never Mind COVID, 2020 Was a Catastrophe for US Insurers January 27, 2021 By Jim Sams In case you forgot, the year that just passed brought an unprecedented number of catastrophes — not to mention COVID-19....
Hurricane Zeta Insured Losses May Surpass $4 Billion November 2, 2020 Insured losses from Hurricane Zeta, which became fifth named storm to strike Louisiana when it made landfall on Oct. 28,...
AIR Worldwide and KCC Project Hurricane Sally Insured Losses From $1 to $3 Billion September 21, 2020 Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses to onshore property resulting from Hurricane Sally’s winds, storm...
Moody’s Says Wildfire Losses May Hit $8B in a Year Marked by Catastrophes September 17, 2020 By Jim Sams Moody’s Investor Service said Wednesday that wildfires in the U.S. West have caused $5 billion to $8 billion in insured...
Estimates of Insured Losses from Hurricane Laura Range from $4 Billion to $12 Billion September 1, 2020 Although Hurricane Laura was the strongest cyclone to strike Louisiana since 1856, damages were limited because it made landfall in...
Marine Insurance Losses Projected Below $250M From Beirut Blast August 11, 2020 LONDON — Insurance claims for damage to ships, goods and the port itself after a warehouse explosion last week in...
Sources: Insured Losses From Beirut Blast Seen Around $3 Billion August 7, 2020 By Noor Zainab Hussain and Carolyn Cohn Insured losses from the Beirut port warehouse explosion are likely to total around $3 billion, similar to those from an...
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...
California Wildfire Insurance Claims Top $11.4 Billion January 30, 2019 By KATHLEEN RONAYNE Insurance claims from California’s deadly November 2018 wildfires have topped $11.4 billion, making the series of fires some of the...
Willis Re: Several Catastrophes Led to Average Insured Losses in 2018 January 17, 2019 Insured losses from major natural catastrophes in 2018 totaled roughly $71.5 billion, only slightly more than the annual average since...