Maria Archives - Carrier Management

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 ...

Insurers Will Pay Unprecedented $135B in Natural Catastrophe Claims for 2017: Munich Re

Insurers will have to pay claims of around $135 billion for 2017, the most ever, following a spate of hurricanes, earthquakes and fires in North America, according to a report published on Thursday. ...

Chubb CEO Greenberg: Q3 Catastrophe Hits ‘Within Our Tolerance for Risk’

Chubb, like many insurers and reinsurers, took significant catastrophe loss-hits from the hurricanes and earthquakes that struck in August and September. But the insurer kept overall net losses to ...

Global Insurers Will Seek Rate Hikes After Historic, Catastrophic Q3

Insurers and reinsurers around the globe are looking to raise rates after what looks set to be their most costly quarter on record. Hurricanes Irma and Maria alone caused as much as $135 billion in ...

Q3 Catastrophes Haven’t Turned Investors Away From ILS Market: Willis Towers Watson

ILS investors are responding to the recent spate of natural disasters by making their payments to ceding companies, while continuing to raise more money and preparing to make new investments, ...

S&P Changes Lloyd’s Outlook to Negative; Cat Loss Tallies Continue

While affirming the A+ financial strength rating of the Society of Lloyd's, S&P Global Ratings announced said Thursday that it revised the rating outlook to negative from stable in the wake of ...

Hurricane Nate Becomes 4th Hurricane in 2 Months to Make U.S. Landfall

Hurricane Nate on Saturday became the fourth hurricane to make landfall in the U.S. in the past two months. Unlike the other mammoth hurricanes, however, this one landed at Category 1. Hurricanes ...