2018 natural catastrophes Archives

Multiple Smaller Natural Disasters in 2018 Created ‘Unusual’ Insured Loss Picture: Willis

Insured loss estimates from major natural catastrophes in 2018 totaled roughly $71.5 billion, the highest since 2011's annual market losses of $120 billion, according to Willis Re. However, the ...

Home Insurance Blues: Tens of Thousands of Pricy Homes Threatened by California Wildfires

Malibu resident Lance Schultz was jolted awake at 2 a.m. Friday with word that he needed to evacuate. With a roaring fire approaching the coastal community, he gathered his girlfriend, dog and ...

Catastrophes Give Insurers a Chance to Show Their Humanity, Says W.R. Berkley’s CEO

The aftermath of Hurricane Michael and other catastrophes this fall gives insurers a chance to show that they care about more than just numbers, W.R. Berkley's president and CEO said. "Hopefully this ...

H1 ILS Issuance Reached a Robust and Resilient $7.3B: Swiss Re

Insurance-linked securities continued at a healthy clip during the 2018 first half but failed to reach record levels hit last year, Swiss Re said in its latest report on the matter. H1 2018 ILS ...

Historic California Wildfires at Serious Risk of Spreading Further

Dry, hot and windy conditions are threatening to expand California's largest wildfires, which so far are burning in largely rural areas. The fires, which have killed 12 people and burned an area ...

A Repeat of 2017’s Losses Could Test Reinsurers’ Otherwise Healthy Status: S&P

After global insured natural catastrophe losses hit record highs in 2017, will reinsurers be able to withstand another year of active natural catastrophes? S&P Global Ratings indicates that while ...