17 December 2020
KCC Flood Model Certified by Florida Commission
The KCC Flood Model has been certified by the Florida Commission on Hurricane Loss Projection Methodology, making it the first to be accepted.
2020
3 November 2020
Massive Insured Losses from Hurricane Zeta Revealed
Insured loss to onshore properties from Hurricane Zeta will be close to $4.3 billion, according to Karen Clark & Company.
2 November 2020
Insurers May Take $4.3 Billion Hit from Hurricane Zeta in US
Catastrophe modeling company Karen Clark & Company said insurers could face $4.3 billion in US losses from Hurricane Zeta.
2 November 2020
Hurricane Zeta Wind & Surge Insured Losses Estimated at $4.4bn by KCC
Karen Clark & Company estimates insured loss to onshore properties caused by Hurricane Zeta will be near $4.4 billion.
2 November 2020
Hurricane Zeta’s Insured Property Loss Put at $4.4bn by KCC
Karen Clark & Company estimates insured loss to onshore properties caused by Hurricane Zeta will be near $4.4 billion.
13 October 2020
Karen Clark & Co. Estimates $950M Insured Loss in U.S. from Delta
Insured losses to onshore properties from Hurricane Delta will total close to $1.25 billion according to catastrophe risk modeling firm Karen Clark & Company.
13 October 2020
Hurricane Delta Onshore Insured Property Loss Close to $1.25bn: KCC
Based on the company’s high-resolution US and Mexico Hurricane Reference Models, Karen Clark & Company estimates the total insured loss to onshore properties from Hurricane Delta will be close to $1.25 billion
13 October 2020
KCC Puts Delta Insured Loss Near $1.25bn
In the first loss estimate published since Hurricane Delta made landfall as a Category 2 storm in Louisiana, Karen Clark & Company (KCC) estimated onshore insured losses from Delta could reach nearly $1.25 billion.
05 October 2020
Karen Clark Interview: The Vital Development of Cat Risk Models
In this article, based on Karen Clark’s appearance on Intelligent Insurer’s virtual “Re/insurance Lounge” in August, Karen shares insights about her experience as a pioneer of cat risk modelling, the past, present and future of the discipline, and its key role in re/insurance.
22 September 2020
Revealed – Huge Insured Loss Total from Hurricane Sally
Catastrophe modeling firm Karen Clark & Company estimates insured losses to onshore properties from Hurricane Sally will be around $2 billion.
22 September 2020
Hurricane Sally Insured Loss Estimates Top $2 Billion
Insured loss estimates from Hurricane Sally may top $2 billion, according to Karen Clark & Company.
21 September 2020
Hurricane Sally Insured Loss from Onshore Property Around $2bn: KCC
Karen Clark & Company has estimated Hurricane Sally’s insured losses from onshore properties at around $2 billion.
4 September 2020
Karen Clark named Outstanding Contributor of 2020
Karen Clark was named Outstanding Contributor of the Year at the 2020 Trading Risk Awards. The special award, presented on the recommendation of the Trading Risk editor, is given to an individual who has made an exceptional contribution to the sector.
2 September 2020
Louisianans Seek State and Federal Assistance Following Hurricane Laura
In an article discussing impacts to Louisiana from Hurricane Laura, KCC’s insured loss estimate for the storm is mentioned.
1 September 2020
KCC Releases Hurricane Laura Damage Estimate
Karen Clark & Company estimates insured loss to onshore property from Hurricane Laura will be near $9 billion.
31 August 2020
In Aftermath of Hurricane Laura, Residents Worry About Help
In an article discussing the impacts of Hurricane Laura, KCC’s estimated insured loss is included.
31 August 2020
Hurricane Laura Losses Said up to $9bn by KCC, up to $8bn by AIR
Catastrophe risk modeler Karen Clark & Company estimates industry losses from Hurricane Laura are expected to be close to $9 billion.
31 August 2020
Hurricane Laura Expected to Cost Insurers as Much as $9 Billion
Karen Clark & Company estimates insured losses from wind and storm surge as a result of Hurricane Laura will be near $9 billion.
11 August 2020
Hurricane Isaias Insured Losses Estimated to Top $4.2B in U.S. and Caribbean
An early loss estimate from Karen Clark & Company indicates insured losses from Hurricane Isaias will be near $4 billion in the US and $200 million in the Caribbean.
11 August 2020
Insured Loss from Hurricane Isaias Revealed
Catastrophe modeling firm Karen Clark & Company estimates the insured loss from Hurricane Isaias will be around $4 billion in the US and $200 million in the Caribbean.
10 August 2020
Hurricane Isaias Expected to Cost Insurers $4 Billion in U.S.
The insured loss from Hurricane Isaias in the Caribbean and US will be around $4.2 billion, according to Karen Clark & Company.
10 August 2020
Insured Losses from Hurricane Isaias Could Reach $4 Billion in U.S.
Hurricane Isaias is expected to cause $4 billion of insured losses in the US and $200 million in the Caribbean, according to Karen Clark & Company.
10 August 2020
Isaias to drive $4bn industry loss in US, $200mn in Caribbean: KCC
Catastrophe risk modeler Karen Clark & Company has estimated the insured loss from Hurricane Isaias will be $4 billion in the US and $200 million in the Caribbean.
10 August 2020
Isaias Insured Losses $4B in US: KCC
Karen Clark & Company estimates insured losses from Hurricane Isaias could be around $4 billion in the US and $200 million in the Caribbean.
10 August 2020
Hurricane Isaias Insured Losses Estimated at $4.2bn by KCC
Hurricane Isaias may have caused an insurance and reinsurance industry loss of $4.2 billion, according to catastrophe risk modeler Karen Clark & Company.
30 July 2020
Revealed – Insured Losses from Hurricane Hanna
The insured loss from Hurricane Hanna will be close to $350 million, according to catastrophe risk management firm Karen Clark & Company.
28 July 2020
Karen Clark & Co. Estimates $350M Insured Loss from Hurricane Hanna
Catastrophe risk modeling firm Karen Clark & Company estimates insured loss from Hurricane Hanna will be close to $350 million.
28 July 2020
Hurricane Hanna Industry Loss Estimated Around $350m by KCC
After making landfall in Texas, Hurricane Hanna’s insurance market loss will be near $350 million, according to Karen Clark & Company.
28 July 2020
KCC Puts Hurricane Hanna Insured Losses at Close to $350mn
Karen Clark & Company estimates that the insurance industry losses from Hurricane Hanna will be near $350 million.
28 July 2020
Texas, Hawaii Spared from Potential Widespread Hurricane Damage
In a summary of recent tropical cyclone impacts, KCC’s Hurricane Hanna industry loss estimate of $350 million was discussed.
July/August 2020
Hurricanes and COVID-19
The 2020 hurricane season will be an active one, according to all of the major forecasters. KCC analyses suggest insurers should anticipate larger-than-normal losses if hurricanes do make landfall this year due to complications caused by COVID-19.
July/August 2020
Managing a Pandemic: Are There Lessons from Catastrophe Modeling?
In this bylined article, KCC CEO & Co-Founder Karen Clark explores how best practices that have evolved around the use of natural catastrophe models have value for managing future pandemics.
July 15, 2020
East Coast’s Insured Loss From Tropical Storm Fay to Tally Near $400 Million: KCC
Tropical Storm Fay will cause around $400 million in insured loss, according to catastrophe modeling firm Karen Clark & Company.
July 14, 2020
Tropical Storm Fay Insured Loss Estimated at $400m by KCC
Catastrophe risk modeler Karen Clark & Company has estimated an insurance market loss of $400 million from Tropical Storm Fay.
July 14, 2020
Storm Fay to Drive $400mn Insured Loss: KCC
Tropical Storm Fay will drive an insured loss near $400 million, according to Karen Clark & Company.
July 14, 2020
Tropical Storm Fay Insured Loss Estimate $400M: Karen Clark
A statement released Tuesday by catastrophe modeler Karen Clark & Company estimated insured losses from Tropical Storm Fay would be around $400 million.
June 10, 2020
KCC Says Cristobal a $150m Industry Loss, Storm Force Winds Persist
Catastrophe Risk modeling firm Karen Clark & Company has estimated that Cristobal has caused an insurance and perhaps reinsurance market loss of around $150 million.
June 10, 2020
KCC Puts Tropical Storm Cristobal Insured Loss at $150mn
Tropical Storm Cristobal, which made landfall along the US Gulf Coast on June 8th, will likely result in insured losses close to $150 million, according to Karen Clark & Company.
June 10, 2020
KCC Estimates Insured Losses of Nearly $150 Million from Tropical Storm Cristobal
Karen Clark & Company estimates that privately insured losses from Tropical Storm Cristobal will be near $150 million.
June 10, 2020
Cristobal to Cost Insurers $150m
Catastrophe modeler Karen Clark & Company estimates that Tropical Storm Cristobal, which impacted large parts of the US Gulf Coast, will result in around $150 million of insured losses.
June 1, 2020
Hurricanes May Cause More Pain for Pandemic-hit Insurers
In an article discussing the challenges for insurers given an active hurricane season during a pandemic, Karen Clark & Company’s recent report about the impact of COVID-19 on hurricane losses is referenced.
June, 2020
Catastrophes: Climate Change - Weather Alert
Karen Clark, CEO of catastrophe modeler Karen Clark & Company, commented on the rising severity and intensity of natural catastrophes being amplified by climate change. Ms. Clark noted that the rising severity and intensity of floods and other natural perils in Florida is caused by several factors, including population growth, climate change and the state's history of natural variability.
May 31, 2020
Many States Scrambling to Update Hurricane Plans for Virus
In a recent AP article, Karen Clark noted that recovery from a hurricane may take longer and will be more costly than in normal times, as search and rescue teams, utility workers, and volunteers may be slowed or not respond at all because of concerns over virus exposure. According to KCC, this may mean a storm that in the past caused $12 billion in insured damage, like 2018’s Hurricane Michael, could cost 20% more.
May 29, 2020
Hurricanes and Coronavirus ‘Not a Good Mix,’ KCC Warns
A Karen Clark & Co. Event Brief warns that the pandemic will make what forecasters already predict to be an above-average hurricane season even more difficult. Among other takeaways, the report notes social distancing, the need for personal protection equipment (PPE), more expensive lodging and other restrictions specific to COVID-19 will complicate claims adjusting this year.
May 27, 2020
Hurricanes and Pandemics are “Not a Good Mix”, Warns KCC
Karen Clark & Company issued a report stating that hurricane losses and loss adjustment costs will increase due to COVID-19.
May 26, 2020
COVID-19 to Increase Hurricane Losses, Widespread Events the Most: KCC
According to Karen Clark & Company, hurricanes that impact a widespread area could cause inflated insured losses even with low windspeeds due to the ongoing COVID-19 pandemic.
May 1, 2020
Lack of Clarity on Infection, Fatality Rates Hinders Ability to Assess COVID-19 Impact: KCC
A new COVID-19 Event Brief from Karen Clark & Company highlights the impact of the pandemic on the U.S. and other countries. The data shows a wide variation among the various locations with seemingly no correlation between the timing and duration of a lockdown and the fatalities per population.
March 4, 2020
What Would it Cost: Japanese Typhoon
In an article discussing potential typhoon losses in Japan, KCC contributed to an analysis of estimated losses for the 1-in-20-year and 1-in-50-year return periods and provided additional context for the large loss from Typhoon Jebi.
February 25, 2020
Guy Carpenter Inks Agreement with Karen Clark and Company
Commenting on Guy Carpenter & Company’s multi-year agreement with Karen Clark & Company, Peter Hearn, President and CEO of Guy Carpenter, said, “KCC and Guy Carpenter share the view that the (re)insurance industry is now ready for a paradigm shift in the current approach to catastrophe modeling. The partnership that we have announced today provides the platform from which we can now expedite the inevitable and desirable changes in the catastrophe modeling industry.”
February 24, 2020
Guy Carpenter Licenses Full Suite of Karen Clark & Company CAT Models
Guy Carpenter & Company has licensed the full suite of KCC’s catastrophe models and risk management applications, making it the first intermediary to obtain access to KCC’s RiskInsight® platform.
February 24, 2020
Guy Carpenter Opts for Modelling Suite from KCC
Guy Carpenter has agreed to a multi-year partnership with Karen Clark & Company. “Over the past several years, KCC has partnered with market-leading (re)insurers who have informed this advanced modeling technology, and we’re looking forward to this new partnership with Guy Carpenter and the potential it brings to their extensive global client base,” said Karen Clark, CEO of KCC.