Hurricane Harvey insured losses News

Argo and Aspen Issue Loss Estimates for Q3 Natural Catastrophes

Argo Group International Holdings Ltd. and Aspen Insurance Holdings Ltd. have issued their third quarter catastrophe loss estimates, primarily related to Hurricanes Harvey, Irma and Maria as well as the earthquakes in Mexico City. Argo, the Bermuda-based specialty insurance and …

Q3 Catastrophe Losses Will Bring Rate Hikes by London Market Insurers: Fitch

Catastrophe losses from the recent U.S. hurricanes and Mexican earthquakes will lead to price rises on London market insurers’ loss-affected lines and could also affect wider market pricing trends, according to Fitch Ratings in a new report. The total industry …

More Re/Insurers Issue Their Q3 Natural Catastrophe Loss Estimates

The third quarter natural catastrophe loss estimates continue to rise, as more insurers and reinsurers weigh in with their loss totals from Hurricanes Harvey, Irma and Maria, and the Mexico earthquakes. The latest companies to provide estimates include: AXIS Capital …

Insurers, Reinsurers Tally Maria, Irma, Harvey and Other Disaster Losses

Losses from Hurricane Maria and other recent natural disasters, including hurricanes Irma and Harvey, the Mexico City earthquake and other events, have led global insurers and reinsurers to issue profi warnings.t Below are statements from insurers and reinsurers in the …

Chubb: Hurricanes Harvey, Irma Losses to Top $1 Billion

Chubb Ltd. has estimated it will see more than $1 billion in third-quarter losses stemming from hurricanes Harvey and Irma, a substantial hit for the insurer and reinsurer. The loss estimate is preliminary. Further details will likely be known when …

Lloyd’s Expects $4.5 Billion Hit from Hurricanes Harvey, Irma

Lloyd’s of London expects net losses of $4.5 billion from hurricanes Harvey and Irma, which analysts said would eat into the insurer’s capital and hit its profitability. Although losses from natural catastrophes have been low in recent years, including in …

Firms Hit by Harvey, Irma Hope Business Interruption Coverage Pays Off

Business owners who are trying to get back on track after hurricanes Harvey and Irma now face a different sort of challenge: trying to recoup lost income from their insurers. Exclusions in the fine print of policies, along with waiting …

ICT Pegs Hurricane Harvey Insured Losses at $19B

The Insurance Council of Texas (ICT) has placed the insured losses from Hurricane Harvey at $19 billion. That number includes an estimated $11 billion in flood losses insured by the National Flood Insurance Program. Insured windstorm and other storm-related property …

Fitch Expects Most Insurers, Reinsurers to Handle Losses from Both Harvey, Irma

Fitch Ratings reported that based on its initial assessments, most U.S. insurance companies and global reinsurers that it rates are not expected to be downgraded as a result of the combined effects of Hurricanes Irma and Harvey. However, Fitch said …

Hurricane Harvey Puts Pressure on Regional Insurers in Texas, Says A.M. Best

Losses anticipated from Hurricane Harvey are unlikely to exceed the top reinsurance limits of insurers writing business in Texas, according to new Best’s Special Report, titled, “Texas Insurers Expected to Withstand Losses from Hurricane Harvey.” Over the past several years, …