PERILS CRESTA AG News

European Floods in Mid-July Cost Insurers $12B, Topping Non-U.S. Events in 2021

The most significant non-U.S. loss event in 2021 was the mid-July flooding in Western Europe, according to CRESTA, the Zurich-based insurance industry organization that provides a global standard for risk aggregation zones and catastrophe industry losses. This event generated a …

July’s European Floods Generated Largest Non-U.S. Insurance Industry Loss in 2021

The extreme flooding event in Western Europe in mid-July generated the largest insurance industry loss figure so far this year – at current estimates of US$11.0 billion, according to CRESTA, the insurance industry organization that provides a global standard for …

CRESTA Updates Risk Accumulation Zones for 2019, Launches Website

CRESTA, the insurance industry organization that provides a standard global system of risk accumulation zones, has announced the release of the CRESTA Zones 2019, which includes updated information for 137 countries, and the launch of a new CRESTA website. Set …