November 15, 2023
Moody’s RMS, the risk modeling and solutions company, estimates private market insured losses from Hurricane Otis to range between US$2.5 billion and US$4.5 billion. On the other hand, Verisk puts insured losses at US$3 Billion to US$6 Billion. The estimated …
November 9, 2023
Industry insured losses due to wind from Winter Storm Ciarán (also named Emir by the Free University of Berlin) will range between €800 million and €1.3 billion ($855.2 million and $1.4 billion), with the majority of the losses expected in …
October 5, 2023
Coalition’s Executive Risks Insurance Now Available On Surplus Lines Paper Coalition announced its executive risks insurance products are now available on surplus lines paper, making comprehensive management liability coverage available to a wider range of businesses. Coalition offers executive risks …
September 11, 2023
Total global insured losses from natural catastrophes of more than $100 billion a year may be less newsworthy than in the past. In fact, the industry should expect loss totals of at least $100 billion every year, according to models …
September 5, 2023
Moody’s RMS and Verisk on Monday each released insured loss estimates for Hurricane Idalia. RMS estimated total private market insured losses from Idalia to be between $3 billion and $5 billion, with a best estimate of $3.5 billion. Verisk meanwhile …
May 30, 2023
Verisk, a leading global data analytics and technology provider, has acquired Morning Data, a supplier of state-of-the-art software to brokers and managing general agents (MGAs) in London and across the globe. The acquisition enables Verisk to enhance and expand its …
April 27, 2023
Verisk, a leading global data analytics and technology provider, has acquired Krug Sachverständigen GmbH, a Germany-based motor claims solutions provider. The acquisition expands Verisk’s claims and casualty offerings across Europe. Financial details of the deal were not disclosed. Founded in …
March 30, 2023
Key financial results for private U.S. property/casualty insurers significantly worsened in 2022 from a year earlier, according to preliminary results from global analytics provider Verisk and the American Property Casualty Insurance Association (APCIA). The industry recorded a net underwriting loss …
February 23, 2023
The economic and insured losses from the earthquakes that hit southern Turkey on Monday, Feb. 6 continue to escalate as damage information and data keeps pouring in. The catastrophe risk modeling firm Moody’s RMS estimated on Feb. 23 that economic …
February 16, 2023
Vehicle pricing was a major concern during the inflationary environment that dominated headlines in 2022, however a new report shows sales of electric vehicles in California rose by more than 50% last year from 2021 with an estimated increase in …