Insurance Services Office Archives

New Report: Average Annual Natural Catastrophe Losses for the Insurance Industry Reaches New High of $151 Billion

Verisk’s Extreme Event Solutions business cites exposure growth, impacts from climate change and climate variability and an increasing frequency of catastrophe events as contributors to steady rise in anticipated costs BOSTON, MA, Sept. 03, 2024 (Korea Bizwire) – Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, is newly reporting the average annual [...]

Verisk Estimates Industry Insured Losses from Flooding in Southern Germany to Range from EUR 2.4 Billion to EUR 3.6 Billion (USD 2.6 Billion to USD 3.9 Billion)

A relatively high proportion of the overall losses for this event are likely to be insured, owing to the high insurance take up for the flood peril BOSTON, June 19, 2024 (Korea Bizwire) – The Extreme Event Solutions business unit of Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates industry insured [...]