Catastrophe Risks

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

Catastrophe risk modeling firm AIR Worldwide estimates insured wind and storm surge losses for Hurricane Michael will be between $6 billion and $10 billion. Read More

The cost of extreme, or catastrophic, professional liability claims is increasing at a rate higher than typical self-insured claims, which are trending at 2 percent annually, according to the AON/American Society for Healthcare Risk Management Hospital and Physician Professional Liability Benchmark report. Read More

Although Florida's insurance market-share leaders possess strong levels of risk-adjusted capitalization that should provide a buffer against Hurricane Michael losses, insurers, reinsurers, and insurance-linked securities investors could face significant losses, according to a new A.M. Best briefing. Read More

Fitch Ratings expects Hurricane Florence to result in substantial insured losses from water-related claims, which are likely to be incurred by the National Flood Insurance Program (NFIP), private flood insurers, and auto insurers, with a modest level of losses ceded to the traditional reinsurance and insurance-linked securities markets. Read More