-
The company has upgraded its ImpactWorkbench tool to support Open Exposure Data.
-
The utility will draw down $843mn of its own insurance to help meet settlement costs related to the Thomas and Koenigstein fires, and the 2018 Montecito mudslides.
-
In June, the company renewed its reinsurance program, holding the program’s retention for Florida events steady at $43mn.
-
The carrier had topped up its cover earlier this month after Laura triggered recoveries.
-
Rain and storm warnings are in effect for the provincial capital city of Halifax.
-
The total compares with around $50mn pre-tax cat losses in Q3 2019 from Hurricane Dorian and other events.
-
The Canadian Hurricane Centre described Teddy as a “very large and powerful storm”.
-
The figure compares with around $50mn in pre-tax cat losses in Q3 2019 from Hurricane Dorian and other events.
-
The vendor said about $3bn-$5bn of the loss total would come from Northern California, while between $1bn-$3bn would stem from Washington and Oregon.
-
Sally buffeted cities and town as it moved across Alabama at speeds as low as 2 mph, the modeller said.
-
The estimate excludes NFIP losses, offshore assets, and the potential impact of Covid-19.
-
Analyst Philip Kett says consensus opinion has yet to wake up to mounting claims from smaller wind and rain events.