Karen Clark & Co. News
Why the LA Wildfires Should Not Have Been a Surprise Loss
The January 2025 LA Wildfires caused unprecedented losses, but those losses should have been anticipated by insurers. The purpose of catastrophe models is to prepare insurers for losses that haven't ...
KCC Expects Private Insured Losses of $36B From Hurricane Milton
Florida's Hurricane Milton caused private insured losses of about $36 billion, estimated catastrophe modeler Karen Clark & Co. The estimate includes losses from wind, storms surge, and inland ...
KCC: U.S. Damage from Hurricane Beryl Could Cost Insurers $2.7B
Insurers in the United States may take a hit of about $2.7 billion from damage caused by Hurricane Beryl, catastrophe modeling company Karen Clark & Co (KCC) said on Thursday. About 1.5 million ...
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 ...
Hurricane Isaias Insured Losses Will Surpass $4B: KCC
Hurricane Isaias likely caused $4 billion of insured losses in the U.S. and $200 million in the Caribbean, according to a new report from Karen Clark & Co. The estimates cover privately insured ...
Lessons From the 2017 Atlantic Hurricane Season: Open Models, Real-Time Tracking Are Valuable Tools
Open models and tools to track hurricanes in real time can help boost modeling accuracy and aid the claims process after storms, according to a new Karen Clark & Co. analysis of the 2017 Atlantic ...
Alberto, a Relative Letdown, Caused $50M in U.S. Insured Losses: Karen Clark & Co.
Subtropical Storm Alberto — the first named storm of the 2018 Hurricane Season — will likely cause close to $50 million in insured losses in the United States, according to catastrophe modeling ...
May’s ‘Ring of Fire’ Storms Will Produce $2.5B in Insurance Claims: Karen Clark & Co.
Heavy wind, hail and rain storms—a "ring of fire" that struck most states east of the Rocky Mountains May 11-16—will likely produce substantial insurance claims, catastrophe modeling firm Karen ...