Hurricanes
Blog: Insurers must prepare for disasters
Planning the response to large-scale catastrophes is a must for all general insurers.
Lancashire pre-tax profits rise in Q3 results
Lancashire Holdings has reported a 30.4% increase in third quarter pre-tax profits, up to $42.9m (£34.4m) from $32.9m (£26.4m) for the same period last year.
The secret battle at Lloyd's: Forgetting your Names
The capital provided by Names at Lloyd’s has fallen from 100% to just 10% – are we seeing the end of a long tradition?
Hurricane Matthew could cost insurers $8.8bn
Hurricane Matthew may cost insurers as much as $8.8bn, according to AIR Worldwide.
Hurricane Matthew loss scenario tops $8bn as death toll rises
Total losses in the US from Hurricane Matthew could be up to $8bn (£6.5bn), according to modelled storm loss scenarios from RMS.
Hurricane Matthew likely to be a significant claims event as death toll rises
Hurricane Matthew is expected to be a significant claims event as it continues to progress through the Bahamas, following the news of hundreds of deaths in Haiti.
Hurricane Hermine insured losses estimated at over $500m
Hurricane Hermine, which has killed two people and left over 250,000 people without power in Florida and Georgia, is expected to produce in excess of $500m (£375m) worth of insured losses.
Hurricane Hermine to make landfall in Florida today
Hurricane Hermine is expected to make landfall on Florida’s coast today.
Penny Black's Insurance Week - 29 October 2015
Penny feared the worst when the Met Office announced that it would allow the general public to suggest names for future UK windstorms.
Hurricane Katrina: 10 years on
A decade after Hurricane Katrina hit New Orleans, what lessons has the insurance industry learned –and how has the city recovered?
Hurricane season expected to be 'below average' this year
The 2015 Atlantic hurricane season is projected to be below average, although “impactful landfalls” remain a possibility, according to Guy Carpenter & Company.
Europe: From Bolton to Bermuda
Like double decker buses, Bermuda hadn’t had a hurricane make landfall for 27 years – then experienced two in five days. The phenomenon tested loss adjusters at McLarens to the limit
Queensland Reconstruction Authority to become permanent
The Queensland state government is seeking to make the Queensland Reconstruction Authority a permanent agency at a cost of A$30m (£15.8m) a year.
Vanuatu rocked by "monster" cyclone
Category 5 Cyclone Pam has left devastation in the Pacific island country of Vanuatu.
Cyclone Marcia claims rise above A$400m
Claims from Cyclone Marcia in Queensland have risen above A$400m (£207m).
Marcia makes Suncorp exceed natural catastrophe provision
Australian financial services group Suncorp has said Cyclone Marcia will cost its insurance arm at least A$120m (£61m).
Claims rising from Cyclone Marcia
So far almost 9000 claims have been lodged in Queensland as a result of last weekend's Cyclone Marcia according to the Insurance Council of Australia.
Hiscox reports solid Q3 statement with broadly flat GWP
Hiscox has reported a slight dip in gross written premiums of £1.36bn (2013: £1.37bn) for the first nine months of the year to 30 September and claimed a disciplined approach in reinsurance was offset by steady growth in insurance lines.
Business interruption: Business, interrupted
Increased data availability may have transformed business interruption cover, but the sector still has much work to do in improving communication, clarity and policy wordings
Hurricane Gonzalo to cost insurers up to £250m, says AIR
Hurricane Gonzalo could result in up to $400m (£250m) of insured losses according to catastrophe modeller AIR Worldwide, after landing in Bermuda on 17 October
NOAA raises likelihood of ‘below average’ hurricane season
The prospects of a below average Atlantic hurricane season have been increased in the latest forecasts from the US National Oceanic and Atmospheric Administration.
Hurricane Arthur losses less than £150m
Insured losses from Hurricane Arthur will not exceed $250m (£146m) according to a report from catastrophe modeller RMS.
Arthur damage likely minimal
Tropical storm Arthur is unlikely to deal significant damage to properties in North Carolina should it make landfall later this week, according to catastrophe modellers AIR Worldwide.
Tropical storm Arthur set to graze Florida
The first named storm of the Atlantic hurricane season will brush the Florida coastline later today, before strengthening near the end of the week.