Karen Clark & Co. News

Delta Losses Bring Hurricane Damages to $26B for Year

Hurricane Delta caused from $700 million $1.2 billion in insured losses from wind damage and storm surge, and an additional $800 million to $1.5 billion in losses to offshore structures, CoreLogic said Tuesday. The damage is far less than estimated …

Claims Shops Deploy Remote Adjusting For Storm Damages Expected to Top $4B

With insured losses projected to reach $4.2 billion, Hurricane Isaias’ rampage from the Caribbean to Canada was the first significant event from a claims perspective since Hurricane Irma struck Florida in 2017, a claims executive for Crawford & Co. said …

Tropical Storm Fay Leaves About $400M in Insured Losses Behind

Tropical Storm Fay managed to cause about $400 million in insured losses after coming ashore in Atlantic City, New Jersey on July 10 with 60 mph wind, even though it was downgraded to a tropical depression only nine hours after …

Hurricane Dorian Leaves Bahamas With Estimated $7 Billion in Damages

Hurricane Dorian inflicted an estimated $7 billion in total insured and uninsured losses on the Bahamas, according to catastrophe risk modeling firm Karen Clark & Company (KCC). This includes building, contents, and business interruption exposures for commercial, residential and industrial …

Private Insurance Losses from Tropical Storm Barry to Add Up to Nearly $300 Million

Catastrophe modeling firm, Karen Clark & Co. (KCC), says insured losses from Tropical Storm/Hurricane Barry and its remnants will near $300 million. That figure does not include National Flood Insurance Program (NFIP) losses. KCC based the estimate on its high …

Business News: American Family, Grange Insurance, Karen Clark & Co.

American Family Insurance, Frontpoint Partner to Protect Homes American Family Insurance is partnering with wireless home security provider Frontpoint (www.frontpoint.com) to make it easier and more affordable for customers to protect their homes and families using cutting-edge technology. Starting this …

Karen Clark & Company Releases Updated U.S. Earthquake Model

Karen Clark & Company (KCC) released a new U.S. earthquake Reference Model as part of the RiskInsight open loss modeling platform. The earthquake model is based on the latest 2014 US Geological Survey (USGS) report incorporating updated seismicity assumptions and …

U.S. Coastal Regions Hold Bulk of Insured Property Values

U.S insured property values as of 2014 exceed $90 trillion, but the bulk of that is increasingly concentrated in vulnerable coastal areas. With that in mind, new risk metrics could better help monitor exposures, Karen Clark & Co. concluded in …

Karen Clark & Company Report Examines Superstorm Sandy at One-Year Anniversary

Karen Clark & Company (KCC), independent experts in catastrophe risk, catastrophe models and catastrophe risk management, issued a report in conjunction with the one-year anniversary of Superstorm Sandy that estimates $300 billion of property value in Sandy‚Äôs flood footprint and …

Study: Hurricane Andrew Three Times as Costly in 2012

There have been 28 storms in U.S. history since 1900 which if they were happen today would each cause $10 billion or more in insured losses. Experts at catastrophe risk management firm Karen Clark & Co. (KCC) said they examined …