Storm Babet Sparks Red Alert as Scotland Braces for Flooding October 19, 2023 By Ellie Harmsworth Storm Babet has triggered a red alert in Scotland as exceptional rainfall and flooding pose a “danger to life,” according...
Insured Losses for 2 Recent European Windstorms Estimated at €3B-€5B: Verisk February 25, 2022 Insured losses due to wind from Winter Storms Dudley/Ylenia and Eunice/Zeynep will range between €3 billion and €5 billion (US$2.2...
Storm Eunice Batters Britain and Ireland With Record Winds Hitting 122 Mph February 18, 2022 By Paul Sandle and Muvija M An Atlantic storm battered Britain and Ireland on Friday with record winds of up to 122 miles per hour, killing...
UK Braces for ‘Storm Eunice’ and Hurricane-Strength Gusts on Friday February 17, 2022 By Rachel Morison and Brian K. Sullivan Britain’s Met Office issued a rare red weather warning for parts of the UK, saying hurricane-strength gusts of 90 miles...
Insured Losses for Europe’s Storm Sabine (aka Ciara) Estimated at €1.55B: PERILS March 24, 2020 The initial loss estimate for extratropical cyclone Sabine”, also known as “Ciara” and “Elsa,” is €1.55 billion (US$1.8 billion), according...
UK Insurance Claims from Storms Ciara and Dennis Estimated at US$473.7M March 9, 2020 Insurers expect to make payments to customers hit by the recent Storms Ciara and Dennis of over £363 million (US$...
Update: Zurich Reports 4Q Loss of $424M, vs. Profit of $860M in Q4 2014 February 11, 2016 By Jan-Henrik Förster Zurich Insurance Group AG reported a worse-than-expected loss in the fourth quarter as the company makes plans to turn around...
January Weather Cost Global Economy $4 Billion-Plus: Impact Forecasting February 10, 2016 January winter weather cost more than $4.0 billion of economic impact in the United States and Asia, according to Impact...
Zurich’s Ratings Remain Unchanged Despite Projected Q4 2015 Losses: A.M. Best January 25, 2016 The financial strength rating of A+ (Superior) and the issuer credit rating of “aa-” of Zurich Insurance Co. Ltd. (ZIC)...
Update: Zurich Insurance Group Expects Q4 2015 Loss in General Insurance January 20, 2016 By Jan-Henrik Förster and Jeffrey Vögeli Zurich Insurance Group AG fell to the lowest in more than three years after Switzerland’s biggest insurer put shareholders on...