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Moody’s: Private Market Insured Losses From Francine to Not Exceed $2B
Sep 18 2024 // U.S. private market insured losses from Hurricane Francine are estimated to not exceed $2 billion, Moody’s RMS Event Response team said. Losses to the National Flood Insurance Program from the hurricane are estimated...
Flooding in Central Europe Could Cause Billions in Economic Losses, Analysts Say
Sep 17 2024 // The latest flooding in central Europe could cause economic losses ranging from several hundred million euros to billions, early estimates published on Monday found, as the region braced for more damage. Credit rating...
Hurricane Francine Insured Losses to Be Manageable With New Orleans Miss
Sep 16 2024 // Losses from Hurricane Francine are expected to be manageable for property/casualty insurers, with major population centers sparred from the worst of the storm’s damage. Privately insured loss from Hurricane Francine...
Hawaii Probe Finds No Single Factor Led to Maui Wildfire Losses
Sep 16 2024 // No single factor led a fire in the seaside Hawaiian town of Lahaina last year to rage out of control and kill 102 people, according to a state report that assesses the government’s response to the disaster but not...
US P/C Insurance Industry Posts First H1 Underwriting Profit Since 2021
Sep 16 2024 // The U.S. property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for the first-half of 2024, according to a new report. “After years of consistent losses,...
Francine Estimated to Cause $9B in Damage With $1.5B in Insured Losses
Sep 13 2024 // A preliminary estimate shows total damage and economic loss from Hurricane Francine in the U.S. is expected to be $9 billion. The storm effects are continuing to be felt, and some areas have yet to report complete...
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