The first estimates for insured losses from Windstorm Ciara have emerged, with RMS issuing a range of EUR1.1bn-EUR1.9bn, and AIR Worldwide ranging slightly higher at EUR1.1bn-EUR1.9bn.
Insurance loss data aggregator Perils has estimated insured losses from the peak period of Australian bushfires from December to January at A$1.57bn ($1.05bn).
The 409 natural catastrophe events recorded in 2019 resulted in economic losses of $232bn, 20 percent lower than the average for the previous decade, according to a recent Aon catastrophe report.
Insured losses from natural catastrophes totalled around $53bn in 2019, down 34 percent on the previous year and 18 percent on the annual average since 2011, according to Willis Towers Watson.
Rains in central and northern Israel, which caused widespread flooding in early January, are expected to deliver insured losses in excess of 1.5bn shekels ($434mn) according to a recent Aon report.
AIG is the lead insurer on the aviation insurance policy which is set to pay out after the crash on 26 January of a helicopter carrying champion NBA basketball player Kobe Bryant.
Boeing’s directors’ and officers’ (D&O) insurance programme is expected to take a hit of at least $100mn from a series of management liability claims.
The derailment of a train in Northern Italy earlier this month, which resulted in the deaths of the two drivers, is likely to impact the Generali-led insurance programme for train operator Trenitalia.
Puerto Rico Electric Power Authority (Prepa) is expected to claim at least $100mn on its property insurance policy following a series of earthquakes in early January.
Insured losses from natural catastrophes totalled around $53bn in 2019, according to a new report by Willis Towers Watson, down 34 percent on the previous year.
Insured losses from hail storms that struck eastern Melbourne, the Australian Capital Territory and parts of New South Wales on 19-20 January are set to cost A$407mn ($279mn), according to the ICA.
Catastrophe loss aggregator Perils has increased its property loss estimate for damage caused by 2018’s Sydney hailstorms from A$766mn ($527mn) in July to A$798mn ($549mn).
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