catastrophe losses News
Travelers’ High Q3 Investment Returns Counter Catastrophe Loss Surge
Property and casualty insurer Travelers Cos Inc reported a drop in third-quarter profit on Tuesday that still beat estimates, as higher investment returns mainly from its non-fixed income portfolio ...
Hurricane Ida, Europe Floods Will Ding Q3 Results for RenaissanceRe, Arch Capital
RenaissanceRe Holdings Ltd. estimated losses from certain catastrophe events will have a net negative impact of approximately $725 million on the company's third quarter 2021 results. This estimate ...
Tokyo Struck by Strongest Earthquake Since 2011; Injuries Reported
A magnitude 5.9 earthquake struck near Tokyo late Thursday, rattling parts of the capital the most since the March 2011 disaster. Few train services remained disrupted the next morning, while some ...
Hurricane Ida Will be Historically Costly – One for the Record Books
Hurricane Ida will likely become one of the costliest U.S. mainland hurricanes on record both on a nominal and inflation-adjusted basis, according to Aon's monthly Global Catastrophe Recap report, ...
Reduced Insurance Cover Leaving Offshore Operators With Big Ida Losses
Offshore energy firms are likely to face greater financial losses from Hurricane Ida than from previous storms in the Gulf of Mexico, because of reduced coverage offered by insurers, risk modeling ...
Hurricane Ida Could Cost Insurers as Much as $18B: Industry Experts
Insurers are bracing for a hit of about $18 billion from Hurricane Ida in the United States and the Caribbean, catastrophe modeling company Karen Clark & Co (KCC) said on Wednesday. The number, ...
Near-Normal Tropical Storm Activity Predicted Through Sept. 1
Researchers from Colorado State University see near-normal tropical storm activity in the Atlantic Ocean, Caribbean and Gulf of Mexico through Sept. 1, according to a forecast update issued on ...
Haiti Earthquake Caused $250M in Insured Losses
The large 7.2 magnitude earthquake, which hit Haiti on Aug. 14, is likely to cost insurers around $250 million, according to catastrophe modeling firm Karen Clark & Co. While the insured losses ...