PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has released its third loss estimate for windstorm Mike-Niklas, which, lowers the estimated property insurance market loss from €895 million ($1.0 billion] to €826 million [$927 million]. The announcement …
Swiss-based consulting firm PERILS has issued its third loss report for windstorm Andrea, which affected the UK and Western Europe in January 2012. The updated property market loss estimate for Andrea is €337 million [$422 million], compared to the second …
PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data, has updated its loss report for windstorm Andrea, which struck Western Europe in early January. PERILS’ second property market loss estimate for Andrea is €309 million [$407 million], …
A report from catastrophe modeling firm AIR Worldwide notes that “this month marks the 200th Anniversary of the first in a series of large earthquakes that took place in the heartland of the United States in the winter of 1811/1812.” …
The Sept. 8 power outage that left southern California and parts of Arizona and Northern Baja Mexico without power could mean as much as $100 million in economic losses. The National University System Institute for Policy Research said that businesses …
Catastrophe modeler Eqecat released a defense of its loss estimate of $3 billion to $5 billion for Monday’s Christchurch earthquake, saying its models suggested that would be the incremental damage to the city over and above February’s quake. Three senior …
Monday’s earthquake in Christchurch, New Zealand, likely caused an additional $3 billion to $5 billion in insured losses on top of the damage from two previous quakes, catastrophe modeling company Eqecat said Tuesday. The quake was the third major one …
Manulife Financial said Monday the impact of the earthquake and tsunami in Japan should be less than C$150 million (US$152.93 million), after investors sold the shares off by 3.5 percent on concerns about the insurer’s exposure to the disaster. Manulife, …
