Catastrophe Risks

Karen Clark & Company Releases High-Resolution US Wildfire Model

September 29, 2021

Risk modeling firm Karen Clark & Company has released a high-resolution US wildfire model that can be used to develop underwriting and pricing strategies that account for the impacts of climate change. The model captures the potential impact of climate change on the frequency and severity of wildfires. Read More

RMS Says Hurricane Nicholas Insured Loss Could Reach $2.2 Billion

September 28, 2021

Catastrophe risk modeling firm RMS estimates total US insured losses from Hurricane Nicholas at between $1.1 billion and $2.2 billion. RMS said the estimate represents insured losses associated with wind, storm surge, and precipitation-induced flooding, including losses to the National Flood Insurance Program. Read More

New Report Suggests Reinsurers May Be Underestimating Climate Risk

September 27, 2021

While reinsurers are increasingly including the impacts of climate change in their decision making, they may be dramatically underestimating their exposure to climate risk, according to a new analysis. S&P Global estimates reinsurers may be underestimating their exposures to natural catastrophe risks by 33 percent to 50 percent. Read More

Hurricane Nicholas Insured Losses Estimated at $950 Million

September 21, 2021

Insured losses resulting from Hurricane Nicholas should be close to $950 million, according to an estimate from catastrophe risk modeling firm Karen Clark & Company (KCC). The estimate includes privately insured damage to residential, commercial, and industrial properties and automobiles, according to KCC. Read More

RMS Update Puts Hurricane Ida Losses at $31 Billion to $44 Billion

September 20, 2021

Catastrophe risk modeling firm RMS has updated its estimate of total onshore and offshore US insured losses resulting from Hurricane Ida at between $31 billion and $44 billion. The new estimate includes inland flooding impacts in the Ohio Valley, Mid-Atlantic, and Northeast US regions. Read More