64360

Catastrophe risk modelling: platforms and models update

InsuranceERM's round-up of developments at model vendors and platform providers AIR Worldwide, Impact Forecasting, Oasis LMF, RMS, Guy Carpenter, WTW, JBA, Nasdaq, KCC, ARA, Combus, CoreLogic, ERN and Fathom

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Storm surge and pandemic evacuation threatens 7.4m US homes

CoreLogic estimates $1.8trn reconstruction costs for at-risk homes

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Nasdaq ModEx signs CoreLogic to provide US earthquake model

Third US cat model on Nasdaq’s multi-vendor cat platform

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US flood insurance: new model, new hope?

The federal flood insurance system has been setting milestones in mismanagement since it was introduced in 1968. Will a new risk model and other guidance improve the situation, and allow private insurers to participate? Sarfraz Thind reports

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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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California facing $19bn in wildfire losses

Corelogic estimate covers insured and uninsured losses

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Home reconstruction costs from California wildfires could total $18bn

CoreLogic says wildfire events are more likely to cause total loss to structures affected.

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Hurricane Michael to cost insurers $6bn-10bn, says AIR Worldwide

Estimates do not include losses paid out by the National Flood Insurance Program