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Chubb said that severe weather events in Texas, California and Japan helped produce an estimated $430 million in pre-tax catastrophe losses for the 2019 fourth quarter. That number breaks down to ...
A regional director for the Federal Emergency Management Agency on Monday said FEMA is going after California utility giant Pacific Gas & Electric for $3.9 billion owed the government due to ...
Australia's bushfire season has months to run and could easily surpass the most costly fire season, 2009's Black Saturday fires in Victoria, which had a price tag of an estimated A$4.4 billion (US$3 ...
President Donald Trump approved an emergency declaration for Puerto Rico on Tuesday, according to a person familiar with the matter, after a deadly earthquake struck the commonwealth that was already ...
Natural catastrophes caused overall losses of $150 billion during 2019, including insured losses of about $52 billion, which matches the average of the past 30 years, according to Munich Re's ...
Global insured losses in 2019 dropped to an estimated $56 billion, from $93 billion in 2018 and below the annual average $75 billion of the previous 10 years, according to preliminary sigma estimates ...
Insured losses stemming from Typhoon Hagibis in Japan will hit between $7 billion and $11 billion, catastrophe modeling firm RMS is estimating. While last month's Typhoon Faxai was a wind-driven ...
Reinsurers' earnings are likely to see further erosion in 2019 after another year of major catastrophe losses, which is prolonging the positive momentum for reinsurance pricing, according to a new ...
Arch Capital Group Ltd. disclosed pre-tax catastrophe losses of between $65 million and $75 million for the 2019 third quarter. Damages caused by Hurricane Dorian and Typhoon Faxai are largely to ...
Hurricane Dorian's impact on the Caribbean will cause $1.5 billion to $3 billion in insured losses, according to an estimate from Verisk-owned catastrophe modeling firm AIR Worldwide. Modeled loss ...
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