KCC Expects Private Insured Losses of $36B From Hurricane Milton October 15, 2024 By Chad Hemenway Florida’s Hurricane Milton caused private insured losses of about $36 billion, estimated catastrophe modeler Karen Clark & Co. The estimate...
Predictive Model Delivers Insights as Insurers, Reinsurers Brace for More Civil Unrest October 9, 2024 By L.S. Howard Executive Summary: Insurers and reinsurers are responding to heightened risks of civil unrest with better calculations of their probable maximum...
California Commissioner, Cal Poly Humboldt Working on Public Wildfire Model September 17, 2024 California Insurance Commissioner Ricardo Lara and Cal Poly Humboldt plan to form a strategy group to undertake what Lara says...
As Storm Bebinca Approaches, Taiwan Uses AI to Predict Typhoon Paths September 13, 2024 By Yimou Lee As tropical storm Bebinca barrels towards waters off northern Taiwan gathering strength into a possible typhoon, weather forecasters in Taipei...
Moody’s Acquires Praedicat to Add Casualty and Liability Models September 5, 2024 Moody’s Corp. today said it acquired analytics firm Praedicat. The acquisition adds casualty and liability modeling to Moody’s range of...
California Commissioner Invites Input on Final Phase of Wildfire Modeling Regulation August 19, 2024 California Insurance Commissioner Ricardo Lara has invited public input as he begins the final phase of approving a “first of...
Clashing Risk Predictions Cast Doubt on Black Box Climate Models August 12, 2024 By Eric Roston Many companies offer detailed climate projections tailored to property-level precision. These tools can allow owners and investors to better anticipate...
Catastrophe Bondholders Sidestep Large Losses From Weather-Related Calamities July 16, 2024 By Gautam Naik Last month, amid reports that Hurricane Beryl would become the earliest Category 5 hurricane in history, a group of money...
Damage From Hurricane Beryl May Cost Insurers $2.7B in US, $510M in Caribbean: KCC July 11, 2024 Insurers in the United States may take a hit of about $2.7 billion from damage caused by Hurricane Beryl, catastrophe...
California Insurance Commissioner: Allow Cat Modeling in Rates for Wildfires March 14, 2024 California Insurance Commissioner Ricardo Lara said he will allow catastrophe modeling to be used in rate regulation for wildfires, a...