All Cat Modelling articles – Page 6
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Largest quake in 25 years hits UK
AIR expects damages in the "tens of millions of pounds"
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Nevada struck by magnitude 6 quake
Because the event occurred in a sparsely populated region, insured losses will not be significant
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Analysis
Australia addresses flood risk
New Australia PM Kevin Rudd is supporting the insurance industry's drive to improve the country's flood mapping systems
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California wildfire risk increasing, says RMS
Costing $2.5bn in California alone, 2007 was one of the costliest wildfire seasons ever
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First parametric index for European wind
RMS' Paradex Europe Windstorm uses the modelled relationship between wind speed and damage to calculate insured loss estimates
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Industry Matters
A catastrophic year
Despite the low level of losses, 2007 had more catastrophes than any other year on record, reveals Angelika Wirtz.
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Analysis
Allstate forced to defend rate hikes
A Florida Senate panel grills the insurer after banning it from the state
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CCRIF announces new measures for 2008
Premiums down; attachment point decreased to one in 15 year events
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Europe counts cost of winter storm
Wind speeds associated with this winter's storms have been relatively light
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Florida Commissioner bans Allstate
McCarty cites Allstate’s “blatant disregard” after the insurer submits objections to subpoenas
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RMS warning on ice storms
Repeat of the 1998 US Ice Storm could generate up to $3bn in insured losses
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AIR: Winter storm losses could reach $600m
California bore the brunt of a storm “unlike classic Pacific Northwest winter storms”
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Winter storm pounds US
Extreme weather brings "extraordinary amounts of snow" according to AIR
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Quakes could “devastate” Europe
A moderate earthquake could generate losses of $10bn, warns AM Best
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TRIA renewal puts insurers on stable
The $100m loss trigger could seriously deplete capital for many small insurers, warns S&P
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AIR: US did not dodge a bullet in 2007
High hurricane activity does not equate to more US landfalling storms, warn scientists
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Allstate results hit by wildfire losses
Insurer’s fourth quarter results hit by 7,000 claims costing over $300m
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2007 hurricanes break more records
You can't predict the weather, concludes Carvill's ReAdvisory