Insurers to Offer up to $5B in Capacity to Hike Developing Nations’ Climate Resilience September 25, 2019 By Katherine Chiglinsky Insurers are partnering with the United Nations and other public groups to help the poorest countries bounce back from natural...
Re/insurers Rethink Climate Change Risks as Losses Grow from Wildfires, Floods, Hail September 20, 2019 By Lena Masri By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay...
Hurricane Dorian Insured Losses in Caribbean from Wind, Storm-Surge Could Hit $6.5B September 10, 2019 Insured losses in the Caribbean from Hurricane Dorian is estimated at $3.5 billion to $6.5 billion, according to RMS, the...
New Barry Insured Loss Estimate: Not More Than $500M, RMS Says July 23, 2019 Global risk modeling and analytics firm, RMS, has estimated that the insured U.S. losses from Hurricane Barry will not exceed...
When Cyber Attack Hit Norsk Hydro, It Was Already Handling a Major Upheaval: RMS April 9, 2019 By L.S. Howard When Norsk Hydro, one of the world’s largest aluminum producers, was hit by a major cyber attack in the early...
Hurricane Florence Demonstrates Perils of Being Underinsured/Uninsured, Says RMS January 24, 2019 By L.S. Howard Hurricane Florence caused extensive freshwater flood damage in the Carolinas and parts of Virginia in September—and about 70 percent of...
How Insurance Industry Might React to ‘New Normal’ of California’s Historic Wildfires November 13, 2018 By Don Jergler The “new normal” for California has yielded another year of record wildfires and billions of dollars in insured losses. Homeowners...
California Wildfire Insured Losses at Billions of Dollars and Climbing November 12, 2018 An analysis by catastrophe modeler RMS shows 15 wildfires are burning more than 280,000 acres in California have collectively destroyed...
RMS Lists Top 10 ‘1-in-100-Year’ Events for Asia Pacific Region October 30, 2018 The Asia Pacific region remains highly vulnerable to major catastrophes, RMS said, announcing a list of 10 “1-in-100-year” events possible...
Wind, Storm Surge Losses from Florence Could Reach $5B; Top 10 Insurers Affected in Carolinas September 14, 2018 By Amy O'Connor Hurricane Florence was downgraded to a Category 1 storm Thursday night, but it is still a major storm that will...