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...
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...