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...
AM Best Says Losses from California Storms Largely Uninsured, Underinsured February 9, 2024 The economic losses from the latest round of California storms will be significant, with many of these losses may not...
Internet Research Shows Californians May Add to Risk of Fire Hazards November 30, 2023 By Don Jergler By most measures, California usually tops the list of the states most at risk of fires, but a new report...
Insurance Industry Should Expect $100 Billion in Catastrophe Losses Every Year: Verisk September 11, 2023 By Chad Hemenway Total global insured losses from natural catastrophes of more than $100 billion a year may be less newsworthy than in...