Jury Should Say if Lack of Captain Raised Hazard for Yacht Lost in Dorian, Court Says January 12, 2023 By William Rabb For hurricanes with erratic paths that prove difficult to predict, property insurers could soon find it trickier to justify some...
Hurricane Dorian’s Bahamas Storm Toll: $3.4 Billion in Damages, 3 Years of Rebuilding January 17, 2020 By Ezra Fieser The Bahamas may need to tap international debt markets as it confronts the steep cost of recovering from the most...
Natural Catastrophes Cost $150B in 2019, with Insurers Paying $52B: Munich Re January 8, 2020 By L.S. Howard Natural catastrophes caused overall losses of US$150 billion during 2019, including insured losses of about US$52 billion, which matches the...
More Storms. Less Damage. But 2019’s Slow Hurricanes Leave Sense of Foreboding. November 30, 2019 By Brian K. Sullivan The Atlantic Ocean has spawned lots of storms this season while doing much less damage than prior years. But warming...
Farewell 2019 Atlantic Hurricane Season: 18 Storms, 6 Hurricanes November 27, 2019 By Andrew G. Simpson The 2019 Atlantic hurricane season, which ends on November 30, was marked by tropical activity that churned busily from mid-August...
Bahamas Suffered $3.4B in Losses, 67 Deaths from Dorian; Hundreds Still Missing November 19, 2019 By Danica Coto Hurricane Dorian inflicted losses of about $3.4 billion on the Bahamas, an amount equal to one-quarter of the Caribbean archipelago’s...
Another $180M Approved for North Carolina Disaster Aid, Prep November 18, 2019 Another $180 million in state funds are going to help with disaster recovery following hurricanes Matthew, Florence and Dorian and...
RenaissanceRe Estimates Third Quarter Natural Catastrophe Losses of $155 Million October 16, 2019 RenaissanceRe Holdings Ltd. announced it estimates losses from third quarter 2019 catastrophe events will have an estimated net negative impact...
Everest Re Group Estimates Q3 Catastrophe Losses of $280 Million October 16, 2019 Everest Re Group Ltd. announced a preliminary pre-tax catastrophe loss estimate for the third quarter of 2019 in the amount...
Hurricane Dorian Ties as Strongest Landfalling Atlantic Hurricane on Record: Aon October 14, 2019 Hurricane Dorian made landfalls in the Bahamas, North Carolina, and Canada in early September, bringing total economic and insured losses...