Ad-H Ad-H

RMS puts insured losses up to $74B for Hurricane Ian

Risk Management Solutions Inc., a Moody’s Analytics company, Friday estimated insured losses from Hurricane Ian to be between $53 billion and $74 billion, with a best estimate of $67 billion. The estimate includes wind and storm surge losses in Florida, South Carolina, North Carolina, Georgia and Virginia, based on an analysis of ensemble footprints in …

Read more

Ian to firm up property rates; insurers positioned to absorb losses: S&P

Hurricane Ian is likely to be a significant loss event for the U.S. property/casualty and global reinsurance sectors and is expected to accelerate the firming of property rates in 2023, Standard & Poor’s Global Ratings said in a note Friday. However, insurers are well-positioned to absorb losses, and losses for global reinsurers should remain within …

Read more

Karen Clark pegs Hurricane Ian losses at $63 billion

Boston-based catastrophe modeler Karen Clark & Co. said Friday insured losses from Hurricane Ian in the U.S. and the Caribbean will be close to $63 billion. In nominal dollars, Hurricane Ian will be the largest hurricane loss in Florida history, KCC said. Total economic damage will be well over $100 billion, including uninsured properties, damage …

Read more

Apple Inches Closer to Erasing 2022 Losses as Inflation Cools

Apple Inches Closer to Erasing 2022 Losses as Inflation Cools

Apple Inc. is close to erasing its losses for the year as softer-than-expected inflation data fueled a risk-on rally in the stock market Wednesday. Apple Inc. is close to erasing its losses for the year as softer-than-expected inflation data fueled a risk-on rally in the stock market Wednesday. The iPhone-maker edged 2.6% higher to $169.24 …

Read more