Bill Keogh has resigned as president of catastrophe risk modeling firm Eqecat, according to the company, and Paul Little has been named to succeed him.The company said Keogh resigned to pursue other insurance interests. Keogh was named president in November, …
Catastrophe modeling firm Risk Management Solutions’ insured loss estimate for Sandy would be in the range of $20 billion to $25 billion, according to a report from The Wall Street Journal.RMS has not yet published its estimate publicly as of …
Widespread power outages and subway shutdowns may wind up making Superstorm Sandy the second most expensive storm in U.S. history. That would rank it right behind Hurricane Katrina. Eqecat said last week that the damage from the storm will likely …
Catastrophe risk modeling firm Eqecat doubled its insured loss estimate range for Sandy, to $10 billion to $20 billion, with the total economic damage range now in $30 billion to $50 billion. Equcat’s previous estimate — published on Monday, Oct. …
Catastrophe modeling firm AIR Worldwide estimated Tuesday evening that insured losses from Hurricane Sandy to onshore properties in the U.S. would be in the range of $7 billion to $15 billion. AIR’s insured loss estimate includes wind and storm surge …
Hurricane Sandy appears to have easily caused more losses than last year’s Hurricane Irene, but final totals will be hard to come by for some time because of the scale of the disaster, catastrophe forecasting companies said on Tuesday. Sandy …
As the east coast braces for the impact of Hurricane Sandy, catastrophe risk modeling firm Eqecat issued this morning a preliminary estimate for potential economic and insured losses.Eqecat said Sandy is a large storm, impacting 20 percent of the U.S. …
“Models are never done – they’re evolutionary,” said EQECAT’s president Bill Keogh in an interview at the Reinsurance Rendezvous in Monte Carlo. EQECAT’s latest updates were released on July 15. They covered its North Atlantic hurricane model, its Canada earthquake …
Loss estimates from Hurricane Irene continued to fall and ratings agencies said insurers would have no problem with claims, helping boost insurance industry shares Wednesday. The relatively limited losses that Irene appears to have caused to the private insurance industry …
Hurricane Irene caused between $200 million and $400 million in insured losses in the Carolinas, catastrophe modeling company Eqecat said on Sunday. At 7:30 a.m. ET Saturday, Aug. 27, Irene made its first landfall just west of Cape Lookout, North …
