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Update on Helene Loss Estimates: CoreLogic Sees $10.5B-$17.5B Insured Loss
Oct 7 2024 // Total insured loss from Hurricane Helene is now estimated at between $10.5 billion and $17.5 billion—a figure that continues to grow as more damages are assessed, pushing catastrophe modelers to continually revise...
Hurricane Francine Insured Losses Expected to Be Manageable
Oct 7 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...
Softbank Says Credit Suisse to Blame For Fund’s $440 Million Greensill Loss
Oct 4 2024 // Softbank Group Corp., facing a $440 million lawsuit from Credit Suisse, said the bank was to blame for some of the investor losses tied to the collapse of Greensill Capital. In the latest stage of the long-running dispute,...
AccuWeather Increases Estimate of Helene’s Economic Loss to $225B-$250B
Oct 4 2024 // AccuWeather has increased its estimate of the total damage and economic loss from Hurricane Helene in the U.S. to between $225 billion and $250 billion. The range makes Hurricane Helene one of the most damaging and...
Modeler KCC Puts Privately Insured Losses at $6.4B From Helene
Oct 3 2024 // Karen Clark & Co., the well-regarded storm modeling and analytics firm, estimated that privately insured losses from Hurricane Helene will be about $6.4 billion – from wind, storm surge and inland flooding in nine...
Insured Losses from Central European Floods Range From US$2.2B to US$3.4B: Verisk
Oct 2 2024 // Insured industry losses from the flooding in the Czech Republic, Poland and Austria in September 2024 will range from €2 billion (US$2.2 billion) to €3 billion (US$3.4 billion), according to Verisk, the data analytics...
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