Hedge Funds Rake in Huge Profits Betting on Catastrophe Risk January 22, 2024 By Gautam Naik and Sheryl Tian Tong Lee For hedge funds, the science of catastrophes helped generate the best returns of any alternative investment strategy last year. The...
AM Best: Japan Quake’s Effect on Insurers ‘Manageable; KCC Says Losses to Hit $6.4B January 5, 2024 By L.S. Howard The earnings impact on the major domestic non-life insurers of claims from the Jan. 1, 2024 earthquake in Japan is...
The Care and Feeding of Property-Catastrophe Models September 7, 2023 By L.S. Howard Executive summary: The key to getting useful model results is working with models that fit specific underwriting needs and making...
About $2.2B Insured Losses From Hurricane Idalia, Says KCC September 1, 2023 Though it made landfall as a Category 3 storm, Hurricane Idalia impacted an area of low population and is expected...
KCC Estimates Storm Hilary Caused Nearly $600M in Insured Losses August 28, 2023 Catastrophe modeler Karen Clark & Co. said privately insured losses in the U.S. from Hurricane Hilary will be near $600...
Hail and Wind from Thunderstorms Caused $5.5 Billion in Damage, KCC Says June 21, 2023 Severe weather created when a stationary front trapped warm, humid air over Texas and the Southeast caused an estimated $5.5...
Markets/Coverages: Resolute Global Partners Launches New Type of Reinsurance Contract April 18, 2023 Resolute Global Partners, an investment adviser specializing in insurance and reinsurance, announced the launch of “Footprint,” a new type of...
Moody’s RMS Estimates $5B Insured Losses From Turkey Quake as Costs Keep Mounting February 23, 2023 The economic and insured losses from the earthquakes that hit southern Turkey on Monday, Feb. 6 continue to escalate as...
Turkey Earthquakes to Cost Insurers $2.4 Billion: Karen Clark & Co. February 16, 2023 Catastrophe modeling firm Karen Clark & Co. (KCC) said on Thursday it expects insured losses of $2.4 billion from the...
$5.4B Insured Losses from Winter Storm Elliot: KCC December 29, 2022 Insured damage to residential, commercial, and industrial properties and automobiles will be about $5.4 billion from Winter Storm Elliot, according...