catastrophe losses News
Hurricane Nate’s Insured Losses Will Reach Close to $500M: Karen Clark & Co.
Hurricane Nate will likely cause close to $500 million in insured losses, according to a flash estimate from catastrophe modeling form Karen Clark & Co. While the number is not insignificant, it ...
Hurricane Nate Becomes 4th Hurricane in 2 Months to Make U.S. Landfall
Hurricane Nate on Saturday became the fourth hurricane to make landfall in the U.S. in the past two months. Unlike the other mammoth hurricanes, however, this one landed at Category 1. Hurricanes ...
New Quake/Hurricane Loss Estimates From Renaissance Re, W.R. Berkley, PartnerRe, State Auto
RenaissanceRe, W.R. Berkley Corp. and State Auto Financial Corp. are among the latest insurers and reinsurers to issue Q3 catastrophe loss estimates from Hurricanes Harvey, Irma and Maria, and the ...
Hurricane Maria Adds Another $200M to Chubb’s $1B-Plus Hurricane Insured Loss Tab
Chubb Ltd., already reeling from more than $1 billion in anticipated losses from two other recent hurricanes, now predicts another $200 million third-quarter hit from Hurricane Maria. The insurer and ...
Beazley Warns of $150M Profit Hit From Hurricanes, Mexico Earthquakes
Lloyd's of London insurer Beazley said on Friday it reckoned that its losses from hurricanes Harvey, Irma and Maria in the Caribbean and southern United States and a series of earthquakes in Mexico ...
Chubb Estimates Over $1B in Losses From Hurricanes Harvey and Irma
Chubb Ltd. reported more than $1 billion in estimated third-quarter losses stemming from Hurricanes Harvey and Irma, reflecting a substantial hit for the insurer and reinsurer. Further details will ...
Lloyd’s Likely Left With $4.5B in Harvey, Irma-Related Net Losses
Lloyd's of London expects net losses of $4.5 billion from hurricanes Harvey and Irma, which analysts said would eat into the insurer's capital and hit its profitability. Although losses from natural ...
Fitch’s Hurricane Irma Insured Loss Estimate Hovers Between $25B-$50B
Estimated insured losses for the insurance industry for Hurricane Irma range from $25 to $50 billion based on a number of estimates, according to a report from Fitch Ratings. Fitch's calculation ...