Keyword
loss estimate
2016 central Italy earthquakes cost an estimated 208 million euros: PERILS
October 26, 2017 by Canadian UnderwriterThe series of earthquakes that impacted central Italy one year ago have cost 208 million euros, the independent Zurich-based organization PERILS has estimated. On Thursday, PERILS disclosed its final property insurance loss estimate for the earthquakes that struck Italy between…
PERILS discloses extratropical cyclone Zeus’ third loss estimate at 284 million euros
September 6, 2017 by Canadian UnderwriterPERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has disclosed a third loss estimate of 284 million euros for extratropical cyclone Zeus, which affected France on March 6 and 7. The revised estimate of the property insurance…
Third loss estimate for windstorm Thomas of 249 million euros unchanged from previous estimate: PERILS
August 23, 2017 by Canadian UnderwriterPERILS AG has disclosed its third loss estimate of 249 million euros for windstorm Thomas, which affected parts of Europe in late February. The independent organization that provides high quality data relevant to the insurance industry “with the aim of…
Property market loss estimate for Europe’s Cyclone Egon reaches 275 million euros: PERILS
July 13, 2017 by Canadian UnderwriterThe latest property insurance market loss estimate for extratropical cyclone Egon, which hit parts of France and Germany in mid-January, has increased to 275 million euros, Zurich-based PERILS reported on Wednesday. Representing the third of four estimates to be issued…
U.S. earthquakes estimated to cost US$6.1 billion annually in building stock losses
June 26, 2017 by Canadian UnderwriterEarthquakes are estimated to cost the United States US$6.1 billion annually in building stock losses, according to an updated report published last week by the Federal Emergency Management Agency (FEMA). The new loss estimate represents a 10% increase over the…
PERILS discloses second loss estimate of 249 million euros for windstorm Thomas
May 23, 2017 by Canadian UnderwriterPERILS AG has disclosed a second loss estimate for windstorm Thomas of 249 million euros, up from its initial loss estimate of 213 million euros on April 6. Windstorm Thomas, also known as Doris, affected the British Isles, Netherlands, Belgium…
PERILS discloses second property loss estimate of 234 million euros for extratropical cyclone Egon
April 12, 2017 by Canadian UnderwriterPERILS AG has disclosed its second loss estimate of 234 million euros for extratropical cyclone Egon, which affected France and Germany on Jan. 12 and 13 of this year. The cold front associated with Egon resulted in heavy rain and…
213 million euros initial loss estimate for extra-tropical cyclone Thomas: PERILS
April 10, 2017 by Canadian UnderwriterThe initial estimate of the insured property market loss from extra-tropical cyclone Thomas is 213 million euros, representing the second time so far this season that a European winter storm exceeded 200 million euro, Zurich-based PERILS reports. The market loss…
PERILS puts initial loss estimate for extra-tropical cyclone Egon at 212 million euros
February 23, 2017 by Canadian UnderwriterPERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has put the initial loss estimate for extra-tropical cyclone Egon at 212 million euros. The low pressure system associated with Egon developed as a secondary low from a large…
Series of October earthquakes in Italy spur 125 million euro loss estimate: PERILS
January 27, 2017 by Canadian UnderwriterThe series of earthquakes that hit central Italy in late October last year has prompted a property insurance market loss estimate of 125 million euros, PERILS AG reports. The quakes had on impact on the regions of Lazio, Marche and…
Losses from Desmond floods in U.K. estimated at £604 million: PERILS
December 5, 2016 by Canadian UnderwriterThe fourth and final insured property market loss estimate flowing from U.K. flooding in the wake of storm Desmond in late 2015 is £604 million, reports PERILS AG. Desmond and other low-pressure systems caused effects over a three-week period from…
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 UnderwriterModelled 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…