Catastrophe Risks
BMA Report: Bermuda's Catastrophe Resilience Stronger Year over Year
The Bermuda Monetary Authority (BMA) has released its third annual "Catastrophe Risk in Bermuda" report, which, according to the BMA, demonstrates (re)insurers continued resilience to major, but improbable, catastrophe events and the sophistication and advancement of catastrophe modeling practices in Bermuda. Read More
California Wildfire Losses Manageable, According to KBRA
In a new report, Kroll Bond Rating Agency (KBRA) said California is experiencing some of the most devastating and catastrophic wildfires in the state's (and country's) history for the second year in a row and expects these losses to be manageable for most (re)insurers. Read More
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