Hurricanes
AIR estimates insured losses from Jova less than $52m
Hurricane Jova damaged limited as storm hit sparsely populated areas in Mexico and then weakened.
AIR estimates Hurricane Jova losses
Catastrophe modelling firm AIR Worldwide says category 2 Hurricane Jova will have caused less than $52m of damage as it hit a sparsely populated stretch of Mexico’s Pacific coast.
View from the top: Model for the future
Changing catastrophe models will continue to demand, not replace, underwriting expertise, says Matthias Horntrich, chief underwriting officer, international property, XL.
Event insurance: Dancing in the street
Next year could be huge for the events industry, with the Diamond Jubilee and the London Olympics taking place. With a host of celebrations occurring, can the events insurance sector capitalise?
Hurricane Irene losses valued at $2.82bn
Insured industry losses resulting from Hurricane Irene have been given a final Paradex index value of $2.82bn by Risk Management Solutions.
View from the top: Business as usual
In May, when I last wrote this column, all eyes were on mid-year reinsurance renewals given the pummelling that the year’s natural catastrophes had already delivered to reinsurers.
Catastrophe poll result
Find out if the market voted for government to be the fund of last resort in catastrophes?
No market swing despite cat loss accumulation
Loss adjuster Crawford & Company has already settled approximately $1.05m (£653 000) worth of losses from the “high frequency, low severity” claims resulting from Hurricane Irene.
Comment: The more things change...
Thirty years ago we saw recession, a royal wedding and riots. Sound familiar?
Monte Carlo Rendezvous: A year of catastrophes
2011 has seen a series of serious natural catastrophes follow fast on those of 2010. How will this shape debate next week at Monte Carlo?
Global reinsurance outlook no longer negative
Moody's Investors Service has changed the outlook on the global reinsurance sector from negative to stable reflecting the momentum for a hardening in reinsurance rates, a refocusing on the value of reinsurance, and the good risk management and discipline…
Hurricane Katia may threaten US
Hurricane Katia, was today given ‘hurricane status’, but it is too early to tell whether will threaten communities in the Caribbean, Bermuda or in the US, according to early reports from Risk Management Solutions.
Hurricane Katia could threaten US
It is too early to tell whether Hurricane Katia, which was today given ‘hurricane status’, will threaten communities in the Caribbean, Bermuda or in the US, according to early reports from Risk Management Solutions.
Insured losses for Hurricane Irene "manageable" $6bn
The insured loss estimate for Hurricane Irene is said to be between $3bn to $6bn making the impact on insurers “material” but “manageable”, according to Fitch Credit Ratings.
Irene batters the US but commercial losses look set to be low
Hurricane Irene will be a personal lines insurance event in the US with few major commercial losses, raising the issue of coverage for flood policies, according to loss adjuster Cunningham Lindsey.
Insured losses from Irene could reach $3.4bn
Risk modelling firm Eqecat has estimated that hurricane Irene could cost insurers between $1.8bn and $3.4bn.
Hurricane season leaves companies facing rating pressures
Insurance companies could be left facing rating pressures as the potential for continued hurricane-related activity increases throughout the peak season, according to experts at A.M. Best Co.
Hurricane season leaves companies facing rating pressures
Insurance companies could be left facing rating pressures as the potential for continued hurricane-related activity increases throughout the peak season, according to experts at A.M. Best Co.
Insured losses from Irene could reach $3.4bn
Risk modelling firm Eqecat has estimated that hurricane Irene could cost insurers between $1.8bn and $3.4bn.
No major Caribbean losses from Irene
The Caribbean Catastrophe Risk Insurance Facility has announced that, while Hurricane Irene resulted in registered losses in six of its member countries (Anguilla, Antigua & Barbuda, the Bahamas, Haiti, St. Kitts & Nevis and the Turks & Caicos Islands),…
Hurricane Irene could cost insurers as much as $6bn
Catastrophe modeling firm Air Worldwide estimates insured losses from Hurricane Irene to onshore properties in the US will be between $3bn and $6bn.
Irene to cost insurers as much as $6bn
Catastrophe modelling firm AIR Worldwide estimates that insured losses from Hurricane Irene to onshore properties in the US will be between $3bn and $6bn.
Hurricane Irene heads towards Bahamian capital
After battering the southern islands of the Bahamas, Hurricane Irene is now just 65 miles away from the capital city of Nassau, according to the latest report compiled by AIR Worldwide.
Hurricane Irene heading for the US, Met Office warns
Hurricane Irene, the first of this year’s North Atlantic tropical storm season, is heading for the Bahamas and is expected to move on to the United States in the next few days, the Met Office has warned.