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Insured losses from hurricane Laura could reach $9bn
01 September 2020Insured losses from hurricane Laura, which devastated parts of the US Gulf Coast last week, may reach $9 billion, according to estimates from two catastrophe risk modelling firms.
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Covid-19 triggers payout on World Bank's pandemic bonds
21 April 2020The World Bank has confirmed market expectations that the Covid-19 outbreak has triggered the pandemic catastrophe bonds issued by the bank's Pandemic Emergency Financing Facility (PEF).
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Cat modelling awakens to climate change risk
08 April 2020Responsibility for understanding the implications of climate change for insurers has largely fallen on the shoulders of the catastrophe modelling community. They are responding with a more dynamic and multi-faceted view, as Paul Walsh reports
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Ciara/Sabine insured losses to total €1.5bn, says Perils
25 March 2020Insured property losses from storm Ciara/Sabine, which devastated large parts of the British Isles and Europe last month, will total €1.5 billion ($1.6 billion), according to catastrophe insurance data provider Perils.
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AIR predicts up to €1.9bn Ciara/Sabine insured losses
17 February 2020Insured losses from winter storm Ciara/Sabine, which damaged large parts of the UK and continental Europe, will range from €1.1 billion ($1.2 billion) to €1.9 billion, catastrophe risk modeller AIR Worldwide has predicted.
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Hagibis may hit insurers for $16bn warns AIR Worldwide
23 October 2019Industry insured losses from typhoon Hagibis, which devastated large parts of Japan earlier this month, will range from JPY865 billion to JPY1.73 trillion ($8 billion to $16 billion), catastrophe risk modeller AIR Worldwide has predicted.
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Insurers face up to $9bn bill from typhoon Faxai
30 September 2019Insured losses from Japanese typhoon Faxai could reach between $5 billion and $9 billion, according to catastrophe modelling firm RMS.
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Dorian and Faxai could cost insurers up to $15.5bn, say modellers
16 September 2019Catastrophe risk modelling firms have released forecasts totalling up to $15.5 billion for the combined insured losses arising from Hurricane Dorian and Typhoon Faxai.
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Europe's March cyclone estimated to cost insurers €740m
23 April 2019Estimated insured losses from last month's cyclone Dragi-Eberhard will be €740 million ($833 million), according to catastrophe insurance data provider Perils.
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Insured losses from typhoon Mangkhut could hit $2bn
27 September 2018Insured losses from typhoon Mangkhut in mainland China, Hong Kong and Macau are estimated to range between $1billion and $2 billion, catastrophe risk modeller AIR Worldwide has warned.