Fire Following Earthquakes: What’s the Risk to Insurers?
While most homeowners and commercial property owners may not purchase earthquake insurance, standard insurance policies provide coverage for fire damage, including any ...
Karen Clark and Co. 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, ...
Insured Loss From Tornado Outbreak Estimated at $3 Billion by KCC
The insured loss from the Dec. 9-12 tornado outbreak that devastated parts of central U.S. has been estimated to be about $3 billion. Catastrophe modeling firm Karen Clark & Company said its ...
Hurricane Delta Could Cost Insurers $1.25 Billion: KCC
Hurricane Delta could end up costing insurers close to $1.25 billion, according to a new report from catastrophe risk modeling firm Karen Clark & Company. The loss estimate includes $950 million ...
Hurricane Laura Losses Could Have Been Worse, Modelers Agree
Although Hurricane Laura was the strongest cyclone to strike Louisiana since 1856, damages were limited because it made landfall in a relatively sparsely populated area and the highest winds were ...