P/C Insurers Face Challenging Claims Dynamics as Frequency, Severity Rise: Swiss Re November 28, 2023 By L.S. Howard The property/casualty insurance industry is confronting challenging claims dynamics, with rising frequency and severity of claims despite decreases in economic...
Hurricane Otis’ Insured Losses Estimated at $2.5B-$6B: Moody’s RMS, Verisk November 15, 2023 Moody’s RMS, the risk modeling and solutions company, estimates private market insured losses from Hurricane Otis to range between US$2.5...
Piercing Through Rain, Smoke and Fog: How Radar Satellites See Catastrophes November 14, 2023 By Stephen Lathrope and Andy Read Executive Summary: The potential for satellite technology to revolutionize claims management has long been recognized but has only recently been...
Insured Losses from Winter Storm CiarĂ¡n Range From €800M to €1.3B: Verisk November 9, 2023 Industry insured losses due to wind from Winter Storm CiarĂ¡n (also named Emir by the Free University of Berlin) will...
As Acapulco Rebuilds After Hurricane Otis, Other Mexico Resorts Urged to Heed Lessons November 6, 2023 By Cassandra Garrison and Dave Graham Hurricane Otis not only devastated Acapulco, but also exposed fatal weaknesses in aging infrastructure, teaching hard lessons that coastal cities...
Storm CiarĂ¡n Batters UK and Europe With Punishing Winds and Heavy Rainfall November 2, 2023 By Todd Gillespie, Katharina Rosskopf and Anna Shiryaevskaya Storm CiarĂ¡n plowed through northwest Europe, tearing the roofs off some buildings, snarling transport networks and cutting power to more...
Hurricane Otis’ Impact on Mexico Insurance Industry Expected to Be ‘Controlled’: Fitch November 2, 2023 Fitch Ratings expects Hurricane Otis’ effects on Mexico’s insurance industry to be controlled and within its current ratings expectations, the...
Western Europe Braces for Worst Storm of Season With Hurricane-Strength Wind Gusts October 31, 2023 By Anna Shiryaevskaya and Brian K. Sullivan Western Europe is bracing for the worst storm so far this season with hurricane-strength wind gusts and rain potentially disrupting...
Otis Likely to Be One of Costliest Hurricanes for Mexico Insurance Market: Gallagher Re October 30, 2023 Hurricane Otis is expected to be one of the costliest natural catastrophe events in Mexico’s history with initial economic losses...
Acapulco’s Economic Losses Seen at $15 Billion as Hurricane Otis Death Toll Rises October 26, 2023 By Andrea Navarro Hurricane Otis left a trail of destruction in Acapulco after tearing into the historic Mexican beach town with wind speeds...