Catastrophe Risks
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
Estimated Insured Losses for Hurricane Michael Are $6 to $10 Billion
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
Healthcare System Catastrophic Claims Costs Rising
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