Darryl Pidcock News

Insurance Claims for February’s Australian ‘East Coast Low’ Estimated at A$794M

Initial insured property claims estimate for the Australian east coast low event, which hit the Australian east coast states of New South Wales and Queensland between Feb. 5-13, 2020, is estimated at A$794 million (US$488.3 million), according to PERILS, the …

PERILS to Include Australian Motor in Industry Catastrophe Exposure Update

PERILS, the independent Zurich-based company that provides industry-wide catastrophe insurance data, announced it will extend its line of business reporting to include Australian motor for personal and commercial lines. PERILS will include Australian motor as part of its industry exposure …

Insured Property Losses for Australia’s January Hailstorms Hit A$670M: PERILS

The initial insured property losses for January’s hailstorms in Australia are estimated at A$670 million (US$746.7 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The storms occurred Jan. 19-21, 2020 and affected the Australian …

Insured Property Losses for December 2018 Sydney Hailstorms Rise to A$798M: PERILS

The fourth and final insured property loss estimate for the hailstorms that hit the greater Sydney region in December 2018 rose to A$798 million ($553.2 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. This …

Catastrophe Insurance Data Firm PERILS Expands Coverage to New Zealand

PERILS, the independent Zurich-based company that provides industry-wide catastrophe insurance data, announced it has extended its market coverage to include New Zealand. PERILS is now making available market-wide property sums insured exposed to the perils of earthquake, flood and extratropical …

Insured Losses from Sydney Hailstorms Estimated at A$635M (US$457.5M): PERILS

Initial insured property losses for December’s hailstorms in Sydney are estimated at A$635 million (US$457.5 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The hailstorms affected the greater Sydney region on Dec. 20, 2018, …

PERILS Offers Windstorm Forecasting Platform in Australia, Updates Europe Service

PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has launched a windstorm forecasting platform in Australia and updated its existing service in Europe. The website, called “Wind-Jeannie,” was first launched in Europe in September 2015. Designed to …

Final Loss Estimate for Australia’s Cyclone Debbie Is A$1.7B (US$1.3B): PERILS

The final property insurance loss estimate for Australia’s Tropical Cyclone Debbie is A$1.7 billion (US$1.3 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. Cyclone Debbie hit the Australian states of Queensland and New South …

PERILS Raises Insured Loss Estimate for Cyclone Debbie to A$1.7B (US$1.34B)

The property insurance market’s loss for tropical cyclone Debbie has risen to A$1.7 billion (US$1.34 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. This is the and third loss estimate PERILS has issued for …

Australia’s Cyclone Debbie Estimated to Cost Insurers US$825.7M: PERILS

The initial estimate of insured property market losses for Cyclone Debbie is A$1.12 billion (US$825.7 million), according to PERILS, the independent Zurich-based organization providing industry-wide catastrophe insurance data. Tropical Cyclone Debbie caused significant wind and flood damage across the Australian …