July 18, 2017
A severe storm that swept through central Alberta during the third week of June has resulted in more than C$30 million (US$23.7 million) in insured damage, according to the Insurance Bureau of Canada (IBC), which quoted a report from Catastrophe …
July 10, 2017
Floods and storms cost the global economy more than $5 billion in June, with most of those losses generated in the United States, according to an Aon catastrophe report. In the U.S., large hail, tornadoes, straight-line winds and isolated flash …
June 26, 2017
Catastrophe risk modeling firm AIR Worldwide announced it has released a Crop Hail Model for Canada to provide crop insurers with a probabilistic view of crop hail risk in Canada. Based on 10,000 simulations of potential annual hail activity, the …
June 9, 2017
Total aggregated economic losses from severe weather in the U.S. during May was set to exceed US$4.0 billion, while public and private insurers face a combined payout approaching an estimated US$3.0 billion, according to Impact Forecasting, Aon Benfield’s catastrophe model …
March 9, 2017
Insurers face claims of more than US$1.0 billion as a result of severe weather events in the U.S. and Australia during February, according to a report published by Impact Forecasting, Aon Benfield’s catastrophe model development team. The report discussed the …
February 22, 2017
Combined losses from the two New South Wales catastrophes of bushfires and hailstorms, have passed A$70 million (US$53.7 million), according to the Insurance Council of Australia (ICA). As of Feb. 20, insured losses for the NSW bushfires had reached A$28.5 …
August 5, 2016
Allianz SE said second-quarter profit almost halved, missing estimates, as Europe’s biggest insurer faced higher claims from natural disasters and charges for the expected sale of its South Korea unit. Net income declined to 1.1 billion euros ($1.2 billion) from …
July 20, 2016
The storms that hit Saskatchewan, Manitoba and Ontario in Canada on June 24 and 25 caused more than C$34 million ($25.9 million) in insured damage, according to estimates from Catastrophe Indices and Quantification Inc. (CatIQ).* Wind, flash floods and hail …
July 22, 2015
Texas had the most catastrophe losses in the United States during the first half of 2015, according to a new report on North American cat losses during the first six months of the year. Seventeen second-quarter catastrophe events in North …
May 12, 2015
A string of recent major natural catastrophe events in Australia is expected to materially affect non-life insurers’ upcoming earnings for the fiscal year that ends June 30, 2015, according to an A.M. Bestbriefing. However, the Best’s Briefing, titled, “Recent Natural …