flood loss estimates News

Future Reports to Include Both Private, Public Flood Insurance Loss Estimates

Beginning with Hurricane Harvey, the private sector Property Claim Services will publish aggregate flood loss information supplied by the federal government’s National Flood Insurance Program (NFIP). Historically, NFIP losses have been excluded from PCS’s industry insured loss estimates. With this …

PwC UK Raises Desmond Insured Loss Estimates: $375 to $487.5 Million

Commenting on the impact of Storm Desmond, Mohammad Khan, general insurance leader at PwC UK, stated that the accounting firm’s “current estimate of the damage caused by Storm Desmond is £400 million – £500 million [$600 – $750.2 million] with …