Though it made landfall as a Category 3 storm, Hurricane Idalia impacted an area of low population and is expected to cause private insured losses of about $2.2 billion, according to catastrophe modeler Karen Clark & Co. “Idalia made landfall …
Catastrophe modeler Karen Clark & Co. said privately insured losses in the U.S. from Hurricane Hilary will be near $600 million. Once a Category 4 storm, Hurricane Hilary weakened to a tropical storm before it made landfall near Baja California …
Severe weather created when a stationary front trapped warm, humid air over Texas and the Southeast caused an estimated $5.5 billion in insured losses, Karen Clark & Co. said in a briefing on Tuesday. KCC said there were dozens of …
Resolute Global Partners, an investment adviser specializing in insurance and reinsurance, announced the launch of “Footprint,” a new type of reinsurance contract, which the firm created in collaboration with global reinsurance broker Gallagher Re and catastrophe modeling firm Karen Clark …
The economic and insured losses from the earthquakes that hit southern Turkey on Monday, Feb. 6 continue to escalate as damage information and data keeps pouring in. The catastrophe risk modeling firm Moody’s RMS estimated on Feb. 23 that economic …
Catastrophe modeling firm Karen Clark & Co. (KCC) said on Thursday it expects insured losses of $2.4 billion from the devastating dual Kahramanmaras earthquakes that hit Turkey earlier this month. The number of people killed by the deadliest earthquake in …
Insured damage to residential, commercial, and industrial properties and automobiles will be about $5.4 billion from Winter Storm Elliot, according to modeler Karen Clark & Co (KCC). The storm affected 42 states from Dec. 21 to Dec. 24 with below-freezing …
Catastrophe modeler Karen Clark & Company (KCC) late Friday said the firm estimates insured losses from Hurricane Ian will near $63 billion. Should KCC’s calculations hold true, Ian will surely be remembered as one of the costliest hurricanes in U.S. …
Catastrophe risk modeling firm Karen Clark & Co. estimates that the insured loss from Hurricane Nicholas will come in at around $950 million. KCC said its estimate is based on its high-resolution KCC US Hurricane Reference Model and includes the …
Karen Clark & Co. (KCC), the Boston-based catastrophe modeling company, announced it has released Version 1.0 of its high-resolution U.S. Wildfire Model. This advanced and fully probabilistic model provides exceedance probability (EP) curves, probable maximum losses (PMLs), and average annual …
