Reinsurance News
Karen Clark & Company
Total insured losses from Japan earthquake set to reach $6.4bn: KCC
5th January 2024
According to Karen Clark & Company (KCC), the total insured losses from the magnitude 7.5 earthquake which struck off the west coast of the island of Honshu in Japan will reach $6.4 billion, with residential losses accounting for over two-thirds of the total. Outlining the particulars of the event, the risk ... Read the full article
KCC unveils RiskInsight Version 4.13 with innovative features
24th October 2023
Global catastrophe risk modeller, Karen Clark & Company (KCC), has announced the launch of RiskInsight Version 4.13, the latest update to the RiskInsight open loss modeling platform, that gives insurers and reinsurers the ability to track claims and losses in real-time from live hurricanes. This latest iteration introduces major improvements ... Read the full article
Hurricane Idalia insured losses to near $2.2 billion, says KCC
1st September 2023
Catastrophe risk modeller Karen Clark & Company (KCC) has pegged privately insured losses from Hurricane Idalia at close to $2.2 billion, the majority of which relates to wind and storm surge impacts in the U.S. KCC's estimate is low compared with other early insured loss estimates for Idalia, and includes privately ... Read the full article
KCC estimates privately insured loss for Hurricane Hilary at $600m
29th August 2023
Based on its high-resolution US Hurricane Reference Model, catastrophe modeller Karen Clark & Company (KCC) has estimated the privately insured loss from Hurricane Hilary will be close to $600 million in the US. As per KCC, this estimate includes the privately insured damage to residential, commercial, and industrial properties, as well ... Read the full article
Insured property losses from Lahaina Fire estimated at $3.2bn: KCC
16th August 2023
Catastrophe risk modeller Karen Clark & Company (KCC) has estimated that the insured property losses from the Lahaina Fire will be around $3.2 billion, with more than 2,200 structures damaged or destroyed. KCC estimates that in total more than 3,000 structures were impacted by the fire, with approximately 2,170 acres burned, making ... Read the full article
June hailstorm in Texas drives insured losses of over $1 billion: KCC
16th June 2023
Catastrophe modeller Karen Clark & Company (KCC) has estimated that the June hailstorm in Texas has caused insured losses of over $1 billion. "From June 10th to 13th, a stationary frontal boundary from Texas to Georgia divided a warm, humid air mass over Texas from a cooler, drier one across the ... Read the full article
KCC selected by SynchronoSure for risk modeling applications
26th May 2023
Karen Clark & Company (KCC) has announced that the Synchrono Group (SynchronoSure) has licensed KCC’s full suite of US catastrophe models, delivered through the company’s new and advanced underwriting application. The new tool is powered by KCC’s high-resolution modelling analyses that drive the underwriting and decision-making processes for complex commercial policies. The ... Read the full article
Earthquakes to drive insured losses of $2.4 billion in Turkey, says KCC
16th February 2023
Total property insurance and reinsurance industry losses from the dual Kahramanmaras, Turkey earthquakes are estimated at $2.4 billion, with economic losses pegged at close to $20 billion, according to Karen Clark & Company (KCC). These estimates do not include losses within Syria, and are based on the KCC Turkey Earthquake Reference ... Read the full article
KCC launches climate conditioned catalogs for hurricanes, floods & wildfires
6th December 2022
Karen Clark & Company (KCC) has announced the launch of complete stochastic climate-conditioned catalogs for the weather-related perils most impacted by climate change, hurricanes, floods, and wildfires. There are five associated climate catalogs for each peril, reflecting climate projections out to 2025, 2030, and 2050. Additionally, there are three separate views for ... Read the full article
Major hurricane Ian shifts south ahead of Florida landfall
28th September 2022
The forecast path for hurricane Ian, which is now a major Category 4 storm with maximum sustained winds of 155 mph, has shifted south overnight, with a landfall now expected to be somewhere between Fort Myers and Sarasota. Some two million Floridians have been told to evacuate the state as hurricane ... Read the full article
KCC pegs Marshall Fire insured loss at around $1bn
5th January 2022
The late-season Marshall Fire in Boulder County, Colorado, which destroyed almost 1,000 structures after strong winds accelerated the spread, is estimated to have resulted in insured losses of approximately $1 billion, according to risk modeller Karen Clark & Company. On December 30th, 2021, a rare and devastating wildfire started in Boulder ... Read the full article
Insured loss from U.S. SCS & tornado outbreak seen at $3bn by KCC
14th December 2021
Analysis from catastrophe risk modelling firm, Karen Clark & Company (KCC), estimates that the insurance industry loss from the recent severe convective storm (SCS) outbreak in the U.S. will be around $3 billion. The SCS outbreak, which brought damaging winds and hail, occurred over December 9th - 12th and saw tornado ... Read the full article
KCC releases new US wildfire model
21st September 2021
Catastrophe risk modeller Karen Clark & Company (KCC) has announced the release of Version 1.0 of its US Wildfire Model. This fully probabilistic model provides Exceedance Probability (EP) curves, PMLs, and AALs down to the location level and can be used to develop underwriting and pricing strategies that account for the ... Read the full article
KCC estimates insured Mexico quake loss at $200mn
14th September 2021
Catastrophe risk modeller Karen Clark & Company (KCC) has estimated that a recent M7.0 earthquake near Acapulco City in Mexico will drive close to $200 million of insured losses. The earthquake occurred on September 7th, and is expected to result in economic losses of around $900 million. While major structural damage has ... Read the full article
Hurricane Ida to drive insured losses of close to $18bn, says KCC
1st September 2021
Analysis by catastrophe risk modeller Karen Clark & Company (KCC) estimates that the insurance and reinsurance industry loss from Hurricane Ida will near $18 billion, the large majority of which is attributable to wind and storm surge losses in the U.S. This industry loss estimate from KCC includes privately insured damage ... Read the full article
- ← Previous
- 1
- 2
- 3
- 4
- Next →
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
