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...
Hurricane Francine Insured Losses to Be Manageable With New Orleans Miss September 16, 2024 Losses from Hurricane Francine are expected to be manageable for property/casualty insurers, with major population centers sparred from the worst...
Judge Bars Insurers From Going After Defendants Who Agreed to $4B Maui Wildfire Settlement August 15, 2024 By Jennifer Sinco Kelleher A Maui judge’s ruling resolves a critical roadblock to finalizing a $4 billion wildfire settlement: Insurance companies who have paid...
First Street Finds Most Debby-Damaged Homes Outside Flood Zone, Without Coverage August 13, 2024 More than three-fourths of properties flooded by Hurricane Debby last week were outside a designated flood hazard area and were...
Gallagher Re: Insured Losses From Hurricane Debby to Be ‘Very Manageable’ August 12, 2024 Insurers and reinsurers’ losses from Hurricane Debby are expected to be in the low single-digit billions of dollars, a figure...
Verisk’s PCS Classifies CrowdStrike Incident as a Cyber Catastrophe July 31, 2024 By Chad Hemenway Verisk’s Property Claim Services unit confirmed reports it has designated the recent global information technology outage as a cyber catastrophe...
Insured Losses From CrowdStrike Outage Could Reach $1.5B, CyberCube Says July 25, 2024 By Carolyn Cohn Global insured losses from last week’s massive IT outage are likely to range from $400 million to $1.5 billion, cyber...
Tallahassee Mayor Says Tornado Costs Now Top $50 Million June 4, 2024 TALLAHASSEE, Fla. (AP) — Recovery from a May 10 tornado outbreak has cost Florida’s capital city $50 million so far,...
Tornado, Winds Again Pound Kentucky, Leaving 5 Deaths, Heavy Damage May 28, 2024 The same weather system that spawned deadly tornadoes in Texas, Oklahoma and Arkansas also killed five people in western Kentucky...
Tornadoes Damaged 7,200 Residential Properties, Left $2B in Reconstruction Costs May 1, 2024 The tornadoes that ripped through parts of Nebraska, Iowa and Oklahoma late last week damaged some 7,200 homes, leaving a...