Extreme Event Solutions

Press release

11/20/2024 - 4 min read

Lockton Re Selects Verisk U.S. Agricultural Risk Models to Develop New (Re)Insurance Solutions

Lockton Re will use Verisk’s agricultural risk modeling solutions – including Verisk's Multiple Peril Crop Insurance (MPCI) and Crop Hail Model for the U.S.

Press release

10/16/2024 - 8 min read

Verisk Estimates Industry Insured Losses for Hurricane Milton

Estimates that insured industry losses to onshore property for Hurricane Milton will fall between USD 30 billion and USD 50 billion.

Press release

10/8/2024 - 5 min read

Verisk Estimates Industry Insured Losses in U.S. for Hurricane Helene Will Range Between USD 6 Billion to USD 11 Billion

Industry insured losses due to wind, storm surge and hurricane precipitation induced flood in the U.S. for Hurricane Helene will range between USD 6 billion to USD 11 billion.

Press release

10/1/2024 - 2 min read

Verisk Estimates Industry Insured Losses from Flooding in Central Europe to Range from EUR 2 Billion (~USD 2.2 Billion) to EUR 3 Billion (~USD 3.4 Billion)

This event spread across several European nations during September with some of the worst impacts occurring along the border of Poland and Czechia.

Gettyimages 1263562386 Global Modeled Losses Pr

Press release

9/3/2024 - 4 min read

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.

Press release

7/19/2024 - 3 min read

Verisk Estimates Industry Insured Losses in U.S. for Hurricane Beryl

The Extreme Event Solutions group at Verisk estimates industry insured losses to onshore property from wind in the U.S. for Hurricane Beryl will range between USD 2 billion to USD 3 billion.

Press release

6/19/2024 - 2 min read

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.

Press release

4/8/2024 - 4 min read

Verisk Pioneers New Approach to Catastrophe Risk

This suite of 100+ models will be implemented by insurers and reinsurers to evaluate risk across the globe with a new financial modeling framework.

Press release

1/9/2024 - 3 min read

Verisk Estimates Industry Insured Losses for the Noto Peninsula Earthquake to Range from JPY 260 Billion to JPY 480 Billion (USD 1.8 Billion to 3.3 Billion)

Estimates that insured losses to properties from the January 1 M7.5 will be between JPY 260 billion (USD 1.8 billion) and JPY 480 billion (USD 3.3 billion).

Press release

11/8/2023 - 3 min read

Verisk Estimates Industry Insured Losses from Winter Storm Ciarán will Range from EUR 800 Million to EUR 1.3 Billion

The extreme event solutions business unit of Verisk estimates industry insured losses from Winter Storm Ciarán will range between EUR 800 million and EUR 1.3 billion.

Press release

11/1/2023 - 4 min read

Verisk Estimates Industry Insured Losses from Hurricane Otis to Range from MXN 50 Billion to MXN 110 Billion (~USD 3 Billion to 6 Billion)

Verisk estimates industry insured losses for Hurricane Otis will likely fall from ~USD 3 billion to 6 billion

Press release

9/8/2023 - 4 min read

Insurance Industry Faces Average Annual Natural Catastrophe Losses of $133B, A New High, According to Verisk Report

Global modeled insured average annual loss from natural catastrophes is $133 billion, a new high captured in latest analysis from Verisk’s extreme event solutions

Press release

9/4/2023 - 5 min read

Verisk Estimates Insured Losses from Hurricane Idalia to Range from USD 2.5 Billion to USD 4 Billion

The industry loss estimate includes estimated wind damage and insured estimates of storm surge across Idalia’s track.

Press release

2/14/2023 - 4 min read

Verisk Estimates Economic Losses from February 6 Earthquakes in Turkey Likely to Exceed USD 20 Billion

According to Extreme Event Solutions at Verisk, economic losses for the February 6, 2023, earthquakes in Turkey will likely exceed USD 20 billion, and industry insured...

Press release

10/17/2022 - 3 min read

Verisk Extreme Event Solutions Releases Climate Change Projections for U.S. Hurricane and Caribbean Tropical Cyclone Models

Verisk has announced the release of climate change projections for its U.S. Hurricane and Caribbean Tropical Cyclone Models that can help quantify climate-related...