RMS, the Newark, Calif.-based risk modeling and analytics firm, announced the release of new European Severe Convective Storm (EU SCS) High Definition Models. The models represent 50,000 years of simulation of hail and straight-line wind and tornado risk and include …
The initial insured property loss estimate for Europe’s extratropical cyclone “Victoria,” also known as “Dennis,” is an estimated €286 million (US$318.4 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The event affected the British …
The initial loss estimate for extratropical cyclone Sabine”, also known as “Ciara” and “Elsa,” is €1.55 billion (US$1.8 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The event hit the British Isles, and Western …
A strong winter storm that has battered Europe with hurricane-force winds and heavy rains and killed at least five people moved eastward Monday, causing severe travel disruptions across the continent. After striking Britain and Ireland on Sunday, the storm moved …
Severe European storms during June had an economic price tag of US$2 billion, while insurers anticipated claims topping $1.5 billion, according to the latest edition of Aon’s monthly Global Catastrophe Recap report. The report said most of these losses came …
PERILS AG has disclosed its second loss estimate of €798 million ($898.1 million) for windstorm Dragi-Eberhard. This estimate compares to the initial loss estimate of €740 million ($832.9 million) which was issued by PERILS on April 18, 2019. Storm Dragi-Eberhard …
The initial insured property losses for extratropical cyclone “Dragi-Eberhard,” which hit the British Isles, and Western and Central Europe on March 9-10, 2019, are estimated at €740 million ($831.8 million), according to PERILS, the independent Zurich-based organization that provides industry-wide …
The final loss estimate for Extratropical Cyclone Friederike, also known as David, reached €1.672 Billion ($1.906 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. This compares to the previous PERILS loss report of €1.675 …
Insured loss estimates from major natural catastrophes in 2018 totaled roughly $71.5 billion, the highest since 2011’s annual market losses of $120 billion, according to Willis Re. However, the insured losses in 2018 are slightly less than half of those …
Heavy snowfall continued Thursday in parts of Austria and southern Germany, with several places cut off and the bad weather expected to last at least another day. Snow was causing problems in other parts of Europe, even in Norway’s Arctic …
