Operations/tech
-
The fund begins reimbursing insurers after industry losses have reached around $7.3bn.
-
This is the final estimate for the cyclone, which hit Europe a year ago.
-
The insurer said the range is consistent with industry insured losses of up to $20bn from the recent blazes. -
The government also said it is exploring the possibility of issuing a cat bond in the near future.
-
The estimate is in line with modelled loss estimates.
-
The modelling firm puts a 1-in-100-year global aggregate catastrophe loss at nearly $271bn.
-
Chubb and Travelers also face losses of around $400mn each should total insured losses hit $10bn, the analyst said.
-
CoreLogic’s analysis puts nearly 50,000 homes at “high or extreme” risk from the two largest fires in California.
-
The AlphaCat CEO will assist AIG with the use of modelling technologies.
-
Some 5 percent of the total claims filed to date were lodged in counties beyond the 15 closest to Michael’s strike.
-
The loss aggregator has announced the launch of Wind-Jeannie Australia, as well as updating its Wind-Jeannie Europe platform.
-
The Bay and Gulf counties in Florida are likely to the bear the brunt of Hurricane Michael losses.
