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...
RMS, Verisk Weigh in With Insured-Loss Estimates in Low Billions of Dollars From Idalia September 5, 2023 Moody’s RMS and Verisk on Monday each released insured loss estimates for Hurricane Idalia. RMS estimated total private market insured...
About $2.2B Insured Losses From Hurricane Idalia, Says KCC September 1, 2023 Though it made landfall as a Category 3 storm, Hurricane Idalia impacted an area of low population and is expected...
KCC Estimates Storm Hilary Caused Nearly $600M in Insured Losses August 28, 2023 Catastrophe modeler Karen Clark & Co. said privately insured losses in the U.S. from Hurricane Hilary will be near $600...