CRESTA zone News

CRESTA Updates Risk Accumulation Zones for 2019, Launches Website

CRESTA, the insurance industry organization that provides a standard global system of risk accumulation zones, has announced the release of the CRESTA Zones 2019, which includes updated information for 137 countries, and the launch of a new CRESTA website. Set …

PERILS Discloses Final Loss Estimate for UK Storm Desmond of £604M

PERILS AG has today disclosed its fourth and final loss estimate for the floods in the UK which occurred Dec. 4-24, 2015 and were linked to storm Desmond and other low pressure systems. The revised estimate of the insured property …

PERILS Revises Loss Estimate for UK Floods from Storm Desmond to $861.4M

The insured property loss estimate for floods that hit the UK from Dec. 4 to 24, 2015, following Storm Desmond and other low pressure systems, has been revised to £597 million ($861.4 million), according to PERILS, the independent Zurich-based organization …

PERILS Reduces Loss Estimate to £662M for Floods from UK’s Storm Desmond

PERILS AG disclosed its second, revised loss estimate for the floods which hit the UK from Dec. 4 to 24 following Storm Desmond. The latest estimate of the property insurance market loss is £662 million (933.2 million), compared to the …

Insured Losses from U.K. Storm Desmond Estimated at $1.1 Billion: PERILS

The initial estimate of the insured property market loss for flood damage caused by storm Desmond during Dec. 4-24, 2015 is £717 million ($1 billion), while windstorm losses from the event are estimated at £42 million ($59.3 million), according to …

PERILS Lowers Windstorm Niklas Insured Loss Estimate to $927 Million

PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has released its third loss estimate for windstorm Mike-Niklas, which, lowers the estimated property insurance market loss from €895 million ($1.0 billion] to €826 million [$927 million]. The announcement …

PERILS 3rd Loss Estimate for Windstorm Ebon-Felix is $362 Million

PERILS AG has disclosed its third loss estimate for windstorm Elon-Felix which affected Western and Northern Europe between the 8th and the 12th of January 2015. The revised estimate of the property insurance market loss is €328 million [$362 million]. …

Revised PERILS’ Loss Estimate from Windstorm Xaver Exceeds $1 Billion

PERILS AG has released its third loss estimate for windstorm Xaver, a storm which affected Western and Northern Europe on December 5-6, 2013. Windstorm Xaver is also known as Sinterklaasstorm in the Netherlands, Bodil in Denmark and Sven in Sweden. …

PERILS Issues Updated Europe Industry Exposure Database for 2014

Zurich-based PERILS AG, announced the release of the 2014 update of the PERILS Europe Industry Exposure Database, which, it said, “contains updated market-wide property sums insured for European windstorm for the following eleven countries: Belgium, Denmark, France, Germany, Ireland, Luxembourg, …