Latest losses news and research
Hagibis claims estimates coalesce at about $10bn
News | by Fiona Robertson | December 6, 2019
The consensus is well below earlier fears of $15bn to $16bn of losses.
Root Insurance Company reports near-$50mn Q3 loss
News | by Bernard Goyder | November 27, 2019
New filings show the InsurTech is expanding far faster than either Lemonade or Metromile but its losses have almost doubled.
Axis posts $90mn-$110mn Hagibis loss estimate
News | by John Hewitt Jones | November 25, 2019
The claims are expected to make up less than 1 percent of the industry’s total insured losses of $11bn.
BHSI and Everest on risk for Hard Rock Hotel collapse
News | by John Hewitt Jones | November 25, 2019
Part of the cost of the disaster will likely fall on a builder’s risk policy written by the two carriers.
Allstate books $237mn in October cat losses
News | by Catrin Shi | November 21, 2019
About 60 percent of the loss stemmed from one weather event in Texas.
Atlas Financial says it will delay Q3 results filing
News | by Bernard Goyder | November 18, 2019
Illinois subsidiaries of the company have been placed under rehabilitation by the state insurance regulator.
California market escapes major fire losses so far, but rates soar
News | by Bernard Goyder | November 7, 2019
High property rates in the state are becoming the “new normal”, a market source said.
AIG's net Hagibis loss ex-Validus limited to $75mn by reinsurance
News | by Bernard Goyder | November 1, 2019
“Aggressive limit management” has been deployed across the insurer’s book.