62041

AIR warns of €1.5bn European winter storm losses

Storm Eberhard affected large parts of Europe earlier this month

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Australia raises its game on wildfire loss models

Ten years ago, Australia suffered one of its worst outbreaks of bushfires that burned 300,000 hectares and took 173 lives. David Walker reports on how wildfire modelling has developed to cope with this increasing threat

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Three US insurers sue California utility over Camp wildfire

Pacific Gas & Electric (PG&E), the Californian utility, plans filing for bankruptcy

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AIR estimates Marriott data breach could cost $600m

The estimates are based on the assumption of 500m stolen records

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Insured losses from California wildfires already at $9bn

Insurance Commissioner Dave Jones expects the figure to rise as more claims are processed

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California wildfire losses could hit $13bn

Over 90 people died in November’s Camp and Woolsey infernos that struck California

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RMS maintains edge over AIR Worldwide in Bermuda market

More than 80% of firms report licensing RMS cat models in 2017

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Woolsey fire will cost insurers $2.5bn or more, AIR estimates

Firefighting guns-for-hire now expect to battle US blazes all year round

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AIR Worldwide: 100-year return period cat loss modelled at $271bn

The global insured average annual loss is expected to rise by almost 10% from 2017-2018

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Arch chooses AIR platform for cat loss modelling

Custom tools built to integrate Touchstone into Arch’s infrastructure