insured losses News
Insured Property Losses From Lahaina Wildfire Estimated at $3.2B
The insured property losses resulting from the deadly and damaging wildfire that broke out on Aug. 8 in the town of Lahaina on the Hawaiian island of Maui has been estimated at around $3.2 billion, ...
Maui Wildfire Insured Losses Estimated to Be Second Worst in Hawaii History
A wildfire that quickly spread across the Hawaiian island of Maui last week will likely be responsible for the second worst disaster, in terms of insured losses, in Hawaii's history. Karen Clark ...
Severe Storms Have Already Led to $34B in Insured Losses This Year
Waves of severe thunderstorms in the U.S. during the first half of this year led to $34 billion in insured losses, an unprecedented level of financial damage in such a short time, according to Swiss ...
Catastrophe Bond Funds Rank in Top 10 of 2023’s Best Performing Credit Funds
Catastrophe bond funds rank among the 10 best performing credit funds this year, as the hurricanes, earthquakes and other disasters that could trigger payouts have either not happened or not been ...
Munich Re: Turkey Quake Contributed to $43B in H1 2023 Insurance Losses
A deadly earthquake in Turkey and Syria as well as tornadoes and hailstorms in the United States contributed to losses covered by insurance of $43 billion in the first half of 2023, Munich Re said in ...
U.S. Severe Weather Insured Losses Surpassed $20B After Rough October: Aon
Annual U.S. severe weather insured losses for 2021 are jumping above $20 billion after a rough October, even before the year is complete, according to a new Aon report. "October is typically ...
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 ...