Canadian Underwriter

Keyword
Karen Clark & Company

News CatastrophesClaimsInsuranceMarkets / Coverages

Karen Clark & Company estimates insured losses from Hurricane Maria at US$30 billion

September 29, 2017 by Canadian Underwriter

Insured losses from Hurricane Maria will total almost US$30 billion, according to a flash estimate from catastrophe risk management firm Karen Clark & Company (KCC). The majority of losses – US$28.35 billion – will be from Puerto Rico, KCC said

News CatastrophesInsuranceMergers and Aqcuisitions

Hurricane Matthew damage significant, but manageable, for U.S. insurers: A.M. Best

October 18, 2016 by Canadian Underwriter

Most insurance carriers rated by A.M. Best have sufficient capital and appropriate reinsurance programs to effectively absorb Hurricane Matthew losses, notes a new briefing from the rating agency. That being the case, A.M. Best reports it does not anticipate a

News CatastrophesClimate ChangeConstructionEarnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Estimated insured losses from Hurricane Matthew for U.S., Caribbean between US$2.8 billion and US$8.8 billion: AIR

October 13, 2016 by Canadian Underwriter

Modelled insured losses from Hurricane Matthew could range from US$2.2 billion to US$6.8 billion for the United States and US$600 million to US$2.0 billion for the Caribbean, notes an estimate issued Thursday by AIR Worldwide. Hurricane Matthew affected the Caribbean

News CatastrophesInsuranceMergers and Aqcuisitions

U.S. insurers to pay about US$7 billion for storm surge, inland flooding and wind damages from Hurricane Matthew: Karen Clark & Company

October 12, 2016 by Canadian Underwriter

Boston-based catastrophe risk management firm Karen Clark & Company (KCC) has estimated insurers will pay about US$7 billion for damages in the United States as a result of Hurricane Matthew. The estimate is based on high resolution storm surge, inland

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

Insured losses from Hurricane Hermine will likely not exceed US$400 million: RMS

September 19, 2016 by Canadian Underwriter

Global 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

News CatastrophesEarnings / RatingsInsuranceMarkets / CoveragesReinsurance

Hermine expected to have “modest” impact on P&C, cat bond markets: Fitch

September 8, 2016 by Canadian Underwriter

Hurricane 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

News CatastrophesClimate ChangeEarnings / RatingsInsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

Flash estimate for insured losses from Hurricane Hermine US$500 million: KCC

September 6, 2016 by Canadian Underwriter

The 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