Too High? Too Low? BMS Analyzes Early Wildfire Insured Loss Estimates January 16, 2025 By Susanne Sclafane Industry analysts’ early estimates of insurance industry losses for the January 2025 California wildfires have already grown from $8 billion...
The Most Important LA Wildfire Stories to Know About January 10, 2025 By Don Jergler As firefighters gain more control over what have become the most destructive wildfires in U.S. history in a matter of...
Moody’s RMS, CoreLogic Add to Modelers’ Take on Milton Insured Losses October 18, 2024 By Chad Hemenway Moody’s RMS has pegged private insured losses from Hurricane Milton to between $22 billion and $36 billion, with a best...
Hurricane Milton Insured Losses in $30B-$50B Range, Says Verisk October 16, 2024 Catastrophe modeler Verisk said it expects insured losses from Hurricane Milton will be between $30 billion and $50 billion from...
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...