-
Aon said natural catastrophe losses of $90bn marked the best year for insurance coverage of disasters since 2005. -
Insurance giant Chubb has confirmed the California wildfires and Hurricane Michael will take a $475mn pre-tax toll on its bottom line.
-
The California wildfires accounted for the biggest proportion of the company’s catastrophe exposure.
-
Austria is the worst-affected country after up to 4.5 metres of snow fell.
-
The Ontario and Quebec storm in May was the costliest event in a year characterised by a string of mid-sized losses.
-
The final estimate is marginally below July’s projection.
-
Rate rises were recorded on loss-hit accounts and across marine treaty, construction and engineering, according to a client report.
-
The estimate is lower than Munich Re's $80bn forecast but represents the third costliest 12 months for insurers of the past eight years.
-
The carrier anticipates net natural catastrophe losses of up to $30mn.
-
The losses largely stem from the Camp and Woolsey wildfires and Hurricane Michael.
-
The total of Hurricane Michael claims filed with Floridian insurers through to 11 January has reached $5.02bn, the Florida Office of Insurance Regulation said.
-
The utility has confirmed it will file for Chapter 11 bankruptcy protection amid mounting liability for wildfire losses.
