Flood Insurance
In a presentation to the Charlottetown Chamber of Commerce on 22 September, Insurance Bureau of Canada (IBC) highlighted the urgent need to increase Canada’s preparedness for natural disasters. In a…
RMS, the global catastrophe risk management firm, estimates that the insured loss associated with wind and coastal flooding from Hurricane Hermine will not exceed $400 million. This figure includes property…
Risk Management Solutions (RMS) says that the recent flash floods in the UK have highlighted the need for businesses to find insurance cover for flood damage. Commercial policies do not…
The U.S. National Flood Insurance Program, which holds policies for more than 5 million homes, is $23 billion in debt after a string of natural disasters this century. As climate…
The floods that damaged a significant portion of Louisiana’s capital region last month could stress the state’s narrow cash balance, but will not likely impact US commercial mortgage-backed securities (CMBS)…
Catastrophe modeling firm AIR Worldwide estimates that industry ground-up insurable losses from the flooding in Louisiana caused by excessive rainfall during August 2016 will be between USD 8.5 billion and…
The devastating floods that hit Louisiana in August 2016 are expected to cost the US economy between US$10 billion and US$15 billion according to Aon Benfield’s latest Global Catastrophe Recap…
The National Insurance Crime Bureau (NICB) in the USA estimates that 100,000 insured vehicles were damaged during the August floods in Louisiana. NICB add that there could be many uninsured…
A report by Swiss Re, the reinsurance group, estimates that insured losses from both natural and man-made catastrophes rose by 51% to USD 31 billion in the first half of…
Risk Management Solutions (RMS) say the release of their suite of Europe Inland Flood Hazard Data will bring new opportunities for writing Europe inland flood risk. According to RMS, the…
Ageas has reported a UK net profit of GBP 27.1 million, down on the same period last year (6M 2015: GBP 29.5 million). The company says the year on year…
The flooding that struck parts of China during July this year were some of the worst since 1998, and are likely to cost $33 billion, according to Aon catastrophe report.…
COLOMBO, June 13 (Thomson Reuters Foundation) – On 01 April 2016, the Sri Lankan government paid 300 million rupees ($2 million) as a premium to buy its first national natural…
The Association Française de l’assurance (AFA) say that 77,000 insurance claims have already resulted from the floods and that the French insurance industry expect this figure to rise to around…
Insurance claims linked to the recent flooding in Germany are likely to reach about €1 billion, Fitch Ratings says, adding that claims on this scale would weaken underwriting profitability for…
A recent report says that more than 6.8 million homes in the USA are at potential risk of damage from hurricane storm surge inundation. The report adds that the total…
