Karen Clark & Co. News

An Interview with Karen Clark 30 Years After Hurricane Andrew Affirmed Her Models

June 1 marks the beginning of the Atlantic hurricane season – one that is expected to be above average in terms of named storms and hurricanes. Insurance Journal used the occasion to speak with Karen Clark, founder of catastrophe modeling …

Modeler Estimates Insured Losses From Colorado Wildfire at $1B

The Colorado wildfire that destroyed nearly 1,000 homes in late December will result in roughly $1 billion in losses, according to a report from catastrophe modeler Karen Clark & Co. On Dec. 30, a devastating late-season wildfire started off of …

KCC Estimates Insured Loss From Hurricane Grace: $300M in Mexico, $30M in Caribbean

Catastrophe modeling firm the Karen Clark & Company (KCC) estimates that the insured loss to onshore properties from Hurricane Grace will be around $330 million—$300 million in Mexico and $30 million in the Caribbean. The estimate is based on the …

Cat Risk Modelers Air Worldwide, KCC Release Laura Insured Loss Estimates

Estimates for insured property losses associated with Hurricane Laura by catastrophe risk modeling firms Air Worldwide and Karen Clark and Co. (KCC) are similar — both fall into the $8 billion range — but they are not exactly the same. …

RMS Estimates Insured Losses from Hurricane Isaias at $3-$5 Billion

Estimated total insured losses from Hurricane Isaias will be between $3.0 and $4.5 billion in the U.S. This includes estimated losses to the National Flood Insurance Program (NFIP) of between $400 and $700 million, according to RMS, the catastrophe risk …

Karen Clark & Co. Estimates $350M Insured Loss from Hurricane Hanna

Catastrophe risk modeling firm, Karen Clark & Company (KCC) has estimated the insured loss from Hurricane Hanna, which made landfall on Padre Island, Texas, on July 26, will be close to $350 million, excluding National Flood Insurance Program (NFIP) losses. …

Pandemic-Hit Re/insurers Expect a Costly Hurricane Season – and Rates Are Rising

The official start of the Atlantic hurricane season on Monday could signal more steep losses for insurers and reinsurers, already battered by the impact of the coronavirus pandemic on their underwriting and investment positions. However, recent years of hefty damage …

Total Losses in Bahamas from Hurricane Dorian Estimated at $7 Billion

Hurricane Dorian inflicted an estimated $7 billion in total insured and uninsured losses on the Bahamas, according to catastrophe risk modeling firm Karen Clark & Company (KCC). This includes building, contents, and business interruption exposures for commercial, residential and industrial …

Karen Clark: Hurricane Michael Losses Could Reach $8B

Catastrophe modeling firm Karen Clark & Co. (KCC) estimates insured losses from Hurricane Michael will be close to $8 billion, according to the KCC high resolution U.S. Hurricane Reference Model. This estimate includes the privately insured wind and storm surge …

Damage from June 6 Texas Hailstorm Estimated at $1B

Karen Clark & Co. has estimated the June 6 hailstorm that pummeled North Texas will generate around $1 billion in insured losses to residential and commercial properties and automobiles. Baseball sized hail was reported in Dallas, Tarrant and Denton counties …