Moody’s RMS, CoreLogic Add to Modelers’ Take on Milton Insured Losses

Oct 18 2024 // Moody’s RMS has pegged private insured losses from Hurricane Milton to between $22 billion and $36 billion, with a best guess of $26 billion.The Newark, California-based catastrophe modeler also narrowed its range...

Combined Losses From Milton and Helene to Be $35B-$55B: Moody’s RMS

Oct 15 2024 // Moody’s RMS said private insurers can expect to dole out between $35 billion and $55 billion for hurricanes Milton and Helene.A final industry-loss estimate for Hurricane Milton, a Category 3 that struck Siesta Key,...

Moody’s: Private Market Insured Losses From Francine to Not Exceed $2B

Sep 18 2024 // U.S. private market insured losses from Hurricane Francine are estimated to not exceed $2 billion, Moody’s RMS Event Response team said.Losses to the National Flood Insurance Program from the hurricane are estimated...

Moody’s, Amwins Expect Continued Cyber Market Growth

Sep 12 2024 // Two organizations recently expressed optimism that the softening cyber market that emerged in 2023 will remain favorable into the future. In separate reports, Moody’s Ratings and Amwins Brokerage offered insights on...

Moody’s: Insurers and Asset Managers Bolstering Cyber Defenses

Sep 10 2024 // Insurers and asset managers worldwide continue to focus on cybersecurity amid growing risks, according to findings from a Moody’s Ratings survey that polled 110 companies operating across both...

Moody’s Acquires Praedicat to Add Casualty and Liability Models

Sep 5 2024 // Moody’s Corp. today said it acquired analytics firm Praedicat. The acquisition adds casualty and liability modeling to Moody’s range of market leading solutions for the insurance industry.Terms of the deal were...

Hurricane Beryl Caused $2.5-$4.5B in Estimated Insured Losses, Says Moody’s

Jul 16 2024 // U.S. insured losses from Hurricane Beryl will likely fall between $2.5 billion to $4.5 billion, according to estimates by Moody’s RMS Event Response. Insured losses associated with the storm include wind, storm...

Insured Flood Losses in Germany Could Range From US$2.1B to US$3.2B: Moody’s RMS

Jun 14 2024 // Insured losses from floods that hit Central Europe between Thursday, May 30 and Monday, June 3 will likely fall within the range of €2 billion to €3 billion (US$2.1 billion to US$3.2 billion), according to...

Insurers to Build Private Credit Exposure in Coming Years: Moody’s

Jun 7 2024 // Global insurers plan to invest further in the coming years in the growing but opaque private credit market, according to a new report by Moody’s Ratings.In a survey this week of the world’s largest insurers,...

Reserve Strengthening for Casualty Lines Not Over: Moody’s

May 9 2024 // If personal auto insurance loss reserves are developing adversely, can commercial general liability be far behind?That’s the gist of one of the questions that analysts from Moody’s Investors Service asked—and...

Moody’s on Why 2023 Was So Warm and What Will Happen This Year

Mar 22 2024 // A Moody’s publication looks why it was so warm last year and the impacts the effects of global warming will have in 2024.The publication “Warmest Year; Warmest Months: Climate Change and El Niño Edged the...

Hurricane Otis’ Insured Losses Estimated at $2.5B-$6B: Moody’s RMS, Verisk

Nov 15 2023 // Moody’s RMS, the risk modeling and solutions company, estimates private market insured losses from Hurricane Otis to range between US$2.5 billion and US$4.5 billion. On the other hand, Verisk puts insured losses at...

Moody’s Creates Private Credit Rating and Research Group

Nov 6 2023 // Ratings agency Moody’s is creating a unit to research and rate private credit, the firm said on Monday.The unit will be headed by Ana Arsov, who will coordinate research and rating initiatives in the field,...

Moody’s RMS Estimates $4B to $6B in Economic Losses from Hawaii Wildfires

Aug 22 2023 // Moody’s RMS issued estimates on Tuesday showing economic losses from the recent Lahaina Conflagration and Kula wildfires in Hawaii at $4 billion to $6 billion.The loss estimate reflects property damage, contents, and...

Moody’s RMS Estimates $5B Insured Losses From Turkey Quake as Costs Keep Mounting

Feb 23 2023 // The economic and insured losses from the earthquakes that hit southern Turkey on Monday, Feb. 6 continue to escalate as damage information and data keeps pouring in.The catastrophe risk modeling firm Moody’s RMS...

Moody’s Downgrades SCOR’s Rating to A1 From Aa3 on Weakening Profits

Feb 7 2023 // Moody’s Investors Service downgraded the Insurance Financial Strength Rating (IFSR) of SCOR SE and its key operating entities to A1 from Aa3 while at the same time changing the company’s outlook to stable from...

Moody’s RMS Estimates $5B-7B in Economic Losses from California Flooding

Jan 25 2023 // Moody’s RMS estimates total economic losses from the recent California flooding at between $5 billion and $7 billion, and insured losses are anticipated to be between $500 million and $1.5 billion, including losses...

Environmental, Social and Governance Credit Risks to Rise in 2023: Moody’s

Jan 10 2023 // Economic and political turbulence caused by the COVID-19 pandemic and Russia’s invasion of Ukraine will be likely to heighten environmental, social and governance (ESG) credit risks this year, credit rating agency...

Underwriting the Transition: Chaucer, Moody’s Break New Ground With ESG Scorecard

Dec 14 2022 // As corporations increasingly navigate the environmental, social and governmental (ESG) landscape, they require tools and benchmarking to help them meet their ESG targets. After all, regulators are moving to enforce...

Global P/C Insurance Outlook Now Negative: Moody’s

Dec 6 2022 // High claims inflation and rising reinsurance costs are among the factors that prompted analysts at Moody’s Investors Service to change their outlook for the global property/casualty sector from stable to negative,...

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