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Hurricane Milton Insured Losses in $30B-$50B Range, Says Verisk

Oct 16 2024 // Catastrophe modeler Verisk said it expects insured losses from Hurricane Milton will be between $30 billion and $50 billion from damages caused mostly by wind.Verisk’s Extreme Event Solutions group said the range...

Verisk Says Helene’s Insured Losses Could Reach $11 Billion

Oct 9 2024 // Catastrophe modeler Verisk predicted wind, storm surge and flooding from last month’s Hurricane Helene will cause insured losses of between $6 billion and $11 billion.The estimate does not include losses to the...

Insured Losses from Central European Floods Range From US$2.2B to US$3.4B: Verisk

Oct 2 2024 // Insured industry losses from the flooding in the Czech Republic, Poland and Austria in September 2024 will range from €2 billion (US$2.2 billion) to €3 billion (US$3.4 billion), according to Verisk, the data analytics...

Verisk: US Reconstruction Costs Rose 5.2% From Last Year

Aug 19 2024 // Total reconstruction costs in the U.S. rose by 5.2% from July 2023 to July 2024.That’s a large increase from the cost growth from July 2022 to July 2023 (4.0%) and over the cost growth in the second quarter (1.6%),...

Verisk’s PCS Classifies CrowdStrike Incident as a Cyber Catastrophe

Jul 31 2024 // Verisk’s Property Claim Services unit confirmed reports it has designated the recent global information technology outage as a cyber catastrophe event.With the designation, PCS Global Cyber believes what has come to...