insured loss

The insured losses from severe weather in the United States continue to rise, with thunderstorms, tornadoes and hail in May expected to cause an insurance industry loss of over $1 billion, the second month in a row that insured losses have reached that level.

PERILS AG, the Swiss-based provider of industry-wide European catastrophe insurance exposure, industry loss data and indices, has disclosed its third industry-wide insured loss estimate for European windstorm Xaver, increasing it from €727m to €759m.

PERILS AG, the Zurich-based provider of industry-wide European catastrophe insurance exposure, industry loss data and indices, has published a second loss estimate for European windstorm Tini, increasing the initial estimate slightly from €245m to €253m.

The insurance industry faces a rising bill for damage from severe weather which occurred in April, according to the latest report from Impact Forecasting. Thunderstorms, tornadoes, hail and floods in April are set to cause in excess of $1 billion insured losses.

PERILS AG, the Zurich-based provider of industry-wide European catastrophe insurance exposure, industry loss data and indices, has announced a third and updated loss estimate of €1.091 billion for insured property losses from October’s European windstorm Christian.

According to Impact Forecasting, the catastrophe modelling development center of reinsurance broker Aon Benfield, insurers will be on the hook for an estimated $7 billion of losses from catastrophes and weather disasters in Q1 2014.

PERILS AG, the provider of industry-wide European catastrophe insurance exposure, data and indices, has announced a first estimate of insured property losses for European windstorm Tini of €245m and an updated loss estimate for windstorm Dirk of €352m.

Zurich based PERILS AG, a provider of industry-wide European catastrophe insurance exposure, industry loss data and indices widely used by insurance-linked securities issuers, has upped its loss estimate for European windstorm Xaver to €727m.

Reinsurance broker Guy Carpenter has launched a new satellite-based service, GC CAT-VIEWSM, which aims to provide initial loss estimates of catastrophe events using satellite imagery and other data sources.

The unprecedented winter weather affecting northern Europe has continued in recent weeks, as a result of which PERILS AG has added four more European windstorms and the recent severe UK floods to its list of events under investigation this winter.