insured losses News

Record Western Wildfires a Contrast in Otherwise Quiet Year for U.S. Natural Disasters

It was a relatively quiet year for natural disasters – except for those living in the Western U.S. Property data provider CoreLogic today released its annual Natural Hazard Risk Summary and Analysis. The report shows “a continued trend of fewer …

Insurance Department Tally on California Wildfires $1B

Damage from two destructive Northern California wildfires that killed six and sent thousands fleeing their homes topped $1 billion in insured losses, according to a preliminary estimate by the state’s insurance department. The two fires started days apart in September, …

Insured Nat Cat Losses 31% Below Average During 2015: Aon Benfield Report

Global natural disasters in 2015 caused a combined total insured loss of $35 billion – 31 percent below the 15-year average of $51 billion and the lowest annual insured loss total since 2009, said a report issued by Impact Forecasting, …

Dallas-Area Tornadoes Account for a Big Chunk of December Insured Losses in U.S.

A recently released report shows that damage estimates from the natural disaster events that occurred in the United States in December 2015 will amount to more than $4 billion. Aon Benfield’s catastrophe model development team, Impact Forecasting, Global Catastrophe Recap report, …

Swiss Re 2015 Economic Cat Loss Initial Estimates = $85Bn; $32Bn Insured

Swiss Re‘s latest sigma report preliminarily estimates that total economic losses from natural catastrophes and man-made disasters will reach approximately $85 billion in 2015. Insured losses, however, were just $32 billion. In total, approximately 26,000 people lost their lives in …

California Wildfire Claims Top $1B as Peak Season Begins: Report

A report forecasts claims from two California wildfires last month will exceed $1 billion. Wildfires in 2015 have caused more damage and financial loss in the U.S. than in any other year since 2007, according to the report. Peak U.S. …

AIR Analyzes Taiwan, China Damages, Losses from Typhoon Dujuan

Catastrophe modeling firm AIR Worldwide reports that Typhoon Dujuan made landfall on northeast coast of Taiwan with high winds and heavy rain near Nan’ao Township in Yilan County, late afternoon on Monday, September 28, at approximately 09:00 UTC. AIR described …

AIR Estimates Insured Losses from Chile Earthquake at $600 to $900 Million

Catastrophe modeling firm AIR Worldwide estimates that insured losses from the Magnitude 8.3 earthquake that struck Chile’s central coast near Illapel on September 16 will be between CLP 400 billion ($600 million) and CLP 600 billion ($900 million). “The September …

2014 Insured Losses Hit Lowest Level in Five Years: Guy Carpenter

Insured losses in 2014 were at the lowest level seen since 2009, according to Guy Carpenter’s annual Global Catastrophe Review. The report says that significant insured losses in 2014 totaled approximately USD33 billion, a dramatic drop when compared to the …

RMIIA: Colorado Hailstorm Caused $213M in Insured Losses

Insurers say a hailstorm last month carried a hefty price tag. Rocky Mountain Insurance Information Association spokeswoman Carole Walker said Monday the Sept. 29 storm pounded thousands of vehicles and roofs, causing an estimated $213 million in insured losses. The …