Keyword
Hurricane Hermine
Insured losses from Hurricane Hermine will likely not exceed US$400 million: RMS
September 19, 2016 by Canadian UnderwriterGlobal catastrophe risk management firm Risk Management Solutions, Inc. (RMS) estimated on Monday that the insured loss associated with wind and coastal flooding from Hurricane Hermine will not exceed US$400 million. This figure includes property damage and business interruption caused…
Scientists use undersea drones to help predict hurricanes
September 8, 2016 Mark Pratt - THE ASSOCIATED PRESSBOSTON – As Hermine worked its way up the East Coast, scientists deployed several underwater drones they say will help them better understand what sustains and strengthens hurricanes and tropical storms – and ultimately better protect life and property. The…
Hermine expected to have “modest” impact on P&C, cat bond markets: Fitch
September 8, 2016 by Canadian UnderwriterHurricane Hermine is expected to have a “modest” impact on the property and casualty and catastrophe bond markets, according to ratings agency Fitch Ratings. Insured losses for reinsurers from this event will also likely be limited, but Fitch said in…
Flash estimate for insured losses from Hurricane Hermine US$500 million: KCC
September 6, 2016 by Canadian UnderwriterThe current flash estimate of insured losses associated with Hurricane Hermine – likely to produce in excess of 50,000 claims – approaches US$500 million, with total economic damages almost US$1 billion, Karen Clark & Company (KCC) reported Friday. “The storm…