AIR Worldwide
-
The bond in four tranches will offer USAA multi-peril aggregate cover.
-
The modeller incorporated a 5% exceedance probability insured loss estimate to its report for the first time.
-
The modelling firm’s wind and surge losses remain at $17bn-$25bn.
-
The modeller said repairs to infrastructure could run into months.
-
The modelling firm said its study aimed to help insurers “plan for the worst and hope for the best”.
-
The climate forecaster claims that the underlying assumption may be faulty.
-
No damage has been reported to the city’s nuclear power plant.
-
The latest annual estimate was 4% higher than in 2019 and up 11% since 2018.
-
The modelling companies issue lower ranges than KCC’s earlier $4.4bn forecast.
-
Sally buffeted cities and town as it moved across Alabama at speeds as low as 2 mph, the modeller said.
-
Uncertainty remains over energy sector and Covid-19 impact on loss adjusting and rebuilding.
-
Modelling firms said there were too many variables to quantify the impact, but many factors could escalate claims.
Most Recent
-
Aon suggests key ILS-backed reinsurance programs will run clear
11 October 2024 -
Milton could cause losses between $20bn-$50bn: Twelve Capital
11 October 2024