Catastrophe Risks
California Wildfires: Losses Expected To Reach Record Levels
In a recent report, titled "California Wildfires Losses Projected To Reach Record Levels," A.M. Best said that 2018 losses from California's latest round of wildfire activity will be at record levels. Read More
RMS Estimates California Wildfire Insured Losses between $9 Billion and $13 Billion
RMS recently projected that insured loss for the Camp and Woolsey wildfires in California will be between $9 billion and $13 billion. RMS said this fire season represents the second consecutive year with more than $10 billion in insured wildfire loss. Read More
Willis Re Report Details Hurricane Michael's Damage
Willis Re released a new damage survey report detailing the various damage patterns that it observed in the organization's field reconnaissance efforts following Hurricane Michael. The hurricane was 2018's 11th named storm and made landfall on the Florida Panhandle as a Category 4 hurricane on October 10. Read More
Allianz Measures Natural Capital Risks in a Recent Report
In a recent report, titled "Measuring and Managing Environmental Exposure: A Business Sector Analysis of Natural Capital Risk," Allianz Global Corporate & Specialty delved into so-called natural capital risks. Read on to find out what is in the report. Read More
Swiss Re Shoulders $1.1 Billion from Nat CAT Claims in Third Quarter
In the third quarter of this year, Swiss Re estimated it will shoulder combined claims costs of $1.1 billion from recent natural catastrophes (net of retrocession and before tax). While the third-quarter loss estimates are large for an individual quarter for Swiss Re, the cumulative losses for the first 9 months are broadly in line with year-to-date expectations. Read More