Articles
Insurance
Insured losses from The Camp and Woolsey Wildfires are expected to reach between $9 billion and $13 billion, according to data provider RMS. 19 November 2018
Insurance
Within the perimeters of the Camp Fire in Northern California and the Woolsey Fire in Southern California 23,044 homes with a total reconstruction cost value (RCV) of approximately $8.6 billion are at high or extreme risk of wildfire damage, according to CoreLogic estimates. 19 November 2018
Insurance
Japanese insurer Sompo benefitted from lower losses from natural catastrophes in North America in the six months ended Sept. 30, 2018 compared to the same period a year ago. 19 November 2018
Insurance
S&P Global Ratings expects the insured losses from wildfires in northern and southern California to be contained as an earnings event and for the reinsurance sector to be able to absorb the impact from these fires as well as recent hurricanes although catastrophe budgets will be strained. 19 November 2018
Insurance
State Farm and Farmers Insurance Group of Companies have the highest wildfire exposure in California where the Camp Fire and the Woolsey Fire are set to cause significant losses for insurers and reinsurers. 19 November 2018
Insurance
Bermuda-based Sirius International Insurance Group CEO Allan Waters has called the third quarter 2018 results "disappointing" following the listing of the company on Nasdaq. 16 November 2018
Insurance
California’s deadliest wildfire in the state’s history, the Camp fire in Butte County, has claimed 63 fatalities and is contained to 40 percent, according to latest data from the California Department of Forestry and Fire Protection (Cal Fire). 16 November 2018
Insurance
California-based insurtech firm Hippo has secured $70 million in a funding round co-led by investment firm Felicis Ventures, and homebuilder Lennar Corporation. 16 November 2018
Insurance
US personal lines insurer Allstate Corporation has estimated catastrophe losses for the month of October 2018 of $202 million, pre-tax ($160 million, after-tax), driven by hurricane Michael. 16 November 2018
Insurance
Swiss Re Corporate Solutions has provided the risk capacity for a so-called Solar Revenue Put, a credit enhancement that guarantees up to 95 percent of a solar project’s expected energy output, which has also been described as a new type of insurtech potentially worth billions. 15 November 2018
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