Latest losses news and research
Mercury issues $36mn Q4 cat loss estimate
News | by John Hewitt Jones | January 16, 2020
No loss was large enough to breach the per-occurrence limits of the carrier’s reinsurance treaties.
The Hanover warns on Q4 non-cat property losses
News | by Rachel Dalton | January 16, 2020
The carrier says the claims outstrip expectations by $20mn as it predicts a Q4 combined ratio of up to 96.5 percent.
Allstate pegs Q4 cat losses at $295mn
News | by Samuel Casey | January 16, 2020
The American insurer also takes a $51mn pre-tax charge from the phase-out of its Esurance brand.
Chubb discloses $430mn Q4 cat loss hit
News | by John Hewitt Jones | January 14, 2020
Wildfires, tornadoes and civil unrest in Hong Kong and Chile contributed to losses.
Puerto Rican governor pegs quake losses at $110mn
News | by John Hewitt Jones | January 13, 2020
A 6.4-magnitude earthquake last Tuesday triggered widespread blackouts on the crisis-battered island.
Puerto Rico power plant knocked out by earthquake: reports
News | by Bernard Goyder | January 9, 2020
The Costa Sur plant, the island's largest, could be out of commission for as long as a year.
Aviation market fears claims dispute over Iran jet crash
News | by John Hewitt Jones | January 9, 2020
Concerns have arisen over how payment may be split if the aircraft’s black box is not recovered.
US hit by $45bn weather and climate losses in 2019: NOAA
News | by Anna Sagar | January 9, 2020
Flooding in the Missouri, Arkansas and Mississippi rivers accounted for almost half the total.