The Care and Feeding of Property-Catastrophe Models September 7, 2023 By L.S. Howard Executive summary: The key to getting useful model results is working with models that fit specific underwriting needs and making...
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...
Hail and Wind from Thunderstorms Caused $5.5 Billion in Damage, KCC Says June 21, 2023 Severe weather created when a stationary front trapped warm, humid air over Texas and the Southeast caused an estimated $5.5...
Markets/Coverages: Resolute Global Partners Launches New Type of Reinsurance Contract April 18, 2023 Resolute Global Partners, an investment adviser specializing in insurance and reinsurance, announced the launch of “Footprint,” a new type of...
Moody’s RMS Estimates $5B Insured Losses From Turkey Quake as Costs Keep Mounting February 23, 2023 The economic and insured losses from the earthquakes that hit southern Turkey on Monday, Feb. 6 continue to escalate as...
Turkey Earthquakes to Cost Insurers $2.4 Billion: Karen Clark & Co. February 16, 2023 Catastrophe modeling firm Karen Clark & Co. (KCC) said on Thursday it expects insured losses of $2.4 billion from the...
$5.4B Insured Losses from Winter Storm Elliot: KCC December 29, 2022 Insured damage to residential, commercial, and industrial properties and automobiles will be about $5.4 billion from Winter Storm Elliot, according...
KCC Estimates Near $63B in Hurricane Ian Insured Losses October 2, 2022 By Chad Hemenway Catastrophe modeler Karen Clark & Company (KCC) late Friday said the firm estimates insured losses from Hurricane Ian will near...
Karen Clark & Co.: Insured Loss from Nicholas Likely Near $950M September 22, 2021 Catastrophe risk modeling firm Karen Clark & Co. estimates that the insured loss from Hurricane Nicholas will come in at...