San Antonio Storm Costliest Hail Event in Texas History
More than 110,000 vehicles and thousands of homes in Texas regions of north San Antonio and Bexar County were pelted by large hail in what will become the costliest hailstorm in Texas history, according to the Independent Insurance Agents of …
Record Western Wildfires a Contrast in Otherwise Quiet Year for U.S. Natural Disasters
It was a relatively quiet year for natural disasters – except for those living in the Western U.S. Property data provider CoreLogic today released its annual Natural Hazard Risk Summary and Analysis. The report shows “a continued trend of fewer …
Insurance Department Tally on California Wildfires $1B
Damage from two destructive Northern California wildfires that killed six and sent thousands fleeing their homes topped $1 billion in insured losses, according to a preliminary estimate by the state’s insurance department. The two fires started days apart in September, …
Insured Nat Cat Losses 31% Below Average During 2015: Aon Benfield Report
Global natural disasters in 2015 caused a combined total insured loss of $35 billion – 31 percent below the 15-year average of $51 billion and the lowest annual insured loss total since 2009, said a report issued by Impact Forecasting, …
Dallas-Area Tornadoes Account for a Big Chunk of December Insured Losses in U.S.
A recently released report shows that damage estimates from the natural disaster events that occurred in the United States in December 2015 will amount to more than $4 billion. Aon Benfield’s catastrophe model development team, Impact Forecasting, Global Catastrophe Recap …
Swiss Re 2015 Economic Cat Loss Initial Estimates = $85Bn; $32Bn Insured
Swiss Re’s latest sigma report preliminarily estimates that total economic losses from natural catastrophes and man-made disasters will reach approximately $85 billion in 2015. Insured losses, however, were just $32 billion. In total, approximately 26,000 people lost their lives in …
California Wildfire Claims Top $1B as Peak Season Begins: Report
A report forecasts claims from two California wildfires last month will exceed $1 billion. Wildfires in 2015 have caused more damage and financial loss in the U.S. than in any other year since 2007, according to the report. Peak U.S. …
AIR Analyzes Taiwan, China Damages, Losses from Typhoon Dujuan
Catastrophe modeling firm AIR Worldwide reports that Typhoon Dujuan made landfall on northeast coast of Taiwan with high winds and heavy rain near Nan’ao Township in Yilan County, late afternoon on Monday, September 28, at approximately 09:00 UTC. AIR described …
AIR Estimates Insured Losses from Chile Earthquake at $600M to $900M
Catastrophe modeling firm AIR Worldwide estimates that insured losses from the Magnitude 8.3 earthquake that struck Chile’s central coast near Illapel on Sept. 16 will be between CLP 400 billion ($600 million) and CLP 600 billion ($900 million). “The September …
