2016 Atlantic hurricane season

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Hurricane Otto heads for Nicaragua & Costa Rica

Hurricane Otto, the fifteenth named storm and seventh hurricane of the 2016 Atlantic storm season, formed in the Caribbean this week and has intensified into a category 1 storm with sustained winds of 75 mph as it heads for a landfall near the Nicaragua and Costa Rica border.Hurricane Otto becomes read the full article →

AIR puts hurricane Matthew insured loss at up to $8.8bn

Risk modelling firm AIR Worldwide has provided its initial estimate of insurance and reinsurance industry losses from hurricane Matthew, putting the figure somewhere in a range from $2.8 billion to as high as $8.8 billion across the United States and the Caribbean.AIR Worldwide estimates that insurance and ultimately reinsurance industry read the full article →

KCC puts hurricane Matthew insured losses at $7 billion

Risk modelling company Karen Clark & Company (KCC) has estimated that the insurance and reinsurance industry will be liable for an industry loss of around $7 billion from hurricane Matthew's impact on the United States.KCC is the second risk modelling firm to publish an official estimate of insurance and reinsurance read the full article →