Verisk Estimates Industry Insured Losses from Winter Storm Ciarán Will Range From € 800M To € 1.3B
Portfolio Pulse from Benzinga Newsdesk
Verisk, a leading data analytics provider, estimates that the insured losses from Winter Storm Ciarán will range from €800 million to €1.3 billion. This estimation is based on the company's proprietary catastrophe models.
November 08, 2023 | 10:55 am
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Verisk's estimation of the insured losses from Winter Storm Ciarán could potentially impact the company's stock price. The estimation is based on Verisk's proprietary catastrophe models.
The news is directly related to Verisk as it is based on their proprietary catastrophe models. However, it's unclear how this estimation will affect the company's stock price in the short term. It could potentially lead to increased demand for Verisk's services, but it could also lead to concerns about the overall impact of the storm on the insurance industry.
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