Sandy’s Impact: View from London
From an insurance market perspective, the winds from the storm in the Northeast U.S. have been taken into account in the CAT models; it was already priced in. The storm surge was several feet higher...
View ArticleSandy’s Aftermath: Early Read on Energy Market Impact
It is still very early in the damage assessment process to have a clear picture of the impact on the marine and energy insurance markets. It is worth noting that there is not a significant...
View ArticleInsurance Has Never Been More Relevant or Necessary
In the wake of recent catastrophes, including Superstorm Sandy, insurance has never been so relevant or necessary. And corporate insurance has never been more important to the health of British and...
View ArticleCatastrophe Models: Learning from Superstorm Sandy
Although Superstorm Sandy was only a Category 1 hurricane, it made landfall on October 29 as the largest Atlantic hurricane on record. By October 31, catastrophe modeling firms EQECAT and AIR estimated...
View ArticleProperty & Casualty Rates Kept in Check; No Profound Impact from Sandy
The results of the first nine months for the U.S. property and casualty market were recently released indicating a U.S. property and casualty market with near-record capacity, a large drop in CAT...
View ArticleSuperstorm Sandy Forces Businesses to Assess Overall Risk Management Plans
Cause of loss questions, concurrent damage clauses result in complex claims Total economic losses from Superstorm Sandy have been estimated at $70 billion or higher, with insured losses between $25...
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