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RMS model update points to ‘fairly large’ rise in hurricane losses for US Northeast and Mid-AtlanticThe RMS V21 model update for North Atlantic hurricane incorporated data from recent major loss years but overall annual average losses have only risen up to 10% across the US.
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Despite the quake, 2021 has been a benign year for cats so far, the data compiler said.
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The storm will begin to weaken later today, before being downgraded from a hurricane to a tropical storm sometime on Tuesday.
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The insurer has lifted its ceded premium ratio and noted tougher terms on low-lying all-perils coverage.
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In the later stages of its liquidation, the manager’s listed fund has made an 8% uplift in May on fire releases.
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The flooding that took place in mid-March across Australia’s east coast states was labelled the worst in 60 years.
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The reinsurer’s analysis of 20 research groups’ predictions points to a busier season than usual.
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As new modelling tools emerge, we look at the benchmarks that ILS managers believe are appropriate for long-term stress tests and the shorter-term challenges.
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The storm system is expected to become Tropical Storm Claudette.
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The figure was significantly down on the prior month’s $544mn, and also came in 39% below the year-ago loss tally.
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The revelation came with the release of the institute's 2021 Resilience Index.
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The California Insurance Working Group suggested the policy to cover areas with high wildfire risk.