KCC News
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 ...
The Care and Feeding of Property-Catastrophe Models
A wise statistician once said: "All models are wrong, but some are useful." The key to getting useful (accurate) model results is working with models that fit specific ...
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 ...
KCC: Ian Contributed to Sizable Insured Losses Despite Mostly Average ’22 Hurricane Season
Last year, the state of Florida sustained the largest hurricane loss with Ian, with estimates of more than $100 billion in economic damage, including uninsured properties, damage to infrastructure, ...
Resolute Global Partners Launches New Type of Reinsurance Contract
Resolute Global Partners, an investment adviser specializing in insurance and reinsurance, announced the launch of "Footprint," a new type of reinsurance contract, which ...
All of the Hurricane Ian Insurance Loss Estimates
Over the course of the last two weeks, Carrier Management and Insurance Journal have been reporting on estimates of insured losses from Hurricane Ian. Below is a summary of estimates announced by ...
Ian Insured Loss Estimates Rise: New High Over $60B
Between the time Tropical Storm Ian moved from Florida on Thursday evening and the time it centered as a post-tropical cyclone near Myrtle Beach, S.C., early on Friday night, damage estimates from ...
An Interview With Karen Clark 30 Years After Hurricane Andrew Affirmed Her Models
June 1 marked the beginning of the Atlantic hurricane season — one that is expected to be above average in terms of named storms and hurricanes. Carrier Management's sister publication, Insurance ...