Two firms have released early estimates of losses and damage from the devastating wildfires across Hawaii’s Maui island and the historic town of Lahaina. Catastrophe modeler Karen Clark & Company issued new estimates showing the insured property losses from the …
Florida’s disjointed property insurance system that relies almost exclusively on small and midsize companies will take a multibillion dollar loss from Hurricane Michael, but has sufficient reserves and backups that providers should be able to pay claims without problems, analysts …
An early June hailstorm caused an estimated $1 billion in insured losses to residential and commercial properties and automobiles, the majority of which is expected to be in Texas, according to Karen Clark & Company. Baseball-sized hail was reported in …
KCC Releases RiskInsight-lite Live Cat Model Catastrophe modeling firm Karen Clark & Company (KCC) announced the release of RiskInsight-lite, a new modeling platform that enables (re)insurers to track their claims and losses in real time from live hurricanes as well …