The absence of very severe catastrophes and a quiet hurricane season in the North Atlantic meant that losses from natural catastrophes in 2014 were much lower. In North America, overall losses of $30 billion and insured losses of $18 billion …
Cyclone Hudhud, which hit India’s east coast last week, probably cost insurers $100 million to $400 million, modeling firm AIR Worldwide said. The storm damaged transportation infrastructure, power supply systems and more than 40,000 homes, the Boston-based modeler said in …
According to catastrophe modeling firm AIR Worldwide, very severe cyclone Hudhud made landfall on Sunday near Visakhapatnam with sustained wind speeds of 117 knots. Hudhud quickly weakened to a depression after landfall, according to the India Meteorological Department. Although the …