Insured Losses from Sydney Hailstorms Estimated at A$635M (US$457.5M): PERILS

Article 0 Comments Initial insured property losses for December’s hailstorms in Sydney are estimated at A$635 million (US$457.5 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The hailstorms affected the greater Sydney region on Dec. 20, 2018, said PERILS, noting that the estimate also […]

Everest Re Estimates Q4 2018 Catastrophe Losses of $695 Million

Article 0 Comments Everest Re Group, Ltd. expects to incur in the fourth quarter 2018 catastrophe losses of $695 million, net of reinsurance, reinstatement premiums and taxes. The catastrophe losses were related to the fourth quarter 2018 events of Hurricane Michael which affected Florida and other states in the southeastern […]

New South Wales Hailstorm Triggers Australia Catastrophe Declaration

Article 0 Comments The Insurance Council of Australia (ICA) last week declared a catastrophe following storms that caused extensive hail and water damage across Sydney and the Central Coast in New South Wales (NSW). As of Dec. 21, insurers had received more than 25,000 claims, with losses of more than […]