Catastrophe modeling firm, Karen Clark & Co. (KCC), says insured losses from Tropical Storm/Hurricane Barry and its remnants will near $300 million. That figure does not include National Flood Insurance Program (NFIP) losses. KCC based the estimate on its high …
American Family Insurance, Frontpoint Partner to Protect Homes American Family Insurance is partnering with wireless home security provider Frontpoint (www.frontpoint.com) to make it easier and more affordable for customers to protect their homes and families using cutting-edge technology. Starting this …
Karen Clark & Company (KCC) released a new U.S. earthquake Reference Model as part of the RiskInsight open loss modeling platform. The earthquake model is based on the latest 2014 US Geological Survey (USGS) report incorporating updated seismicity assumptions and …
U.S insured property values as of 2014 exceed $90 trillion, but the bulk of that is increasingly concentrated in vulnerable coastal areas. With that in mind, new risk metrics could better help monitor exposures, Karen Clark & Co. concluded in …
Karen Clark & Company (KCC), independent experts in catastrophe risk, catastrophe models and catastrophe risk management, issued a report in conjunction with the one-year anniversary of Superstorm Sandy that estimates $300 billion of property value in Sandy’s flood footprint and …
There have been 28 storms in U.S. history since 1900 which if they were happen today would each cause $10 billion or more in insured losses. Experts at catastrophe risk management firm Karen Clark & Co. (KCC) said they examined …