What’s it going to cost? A look at the catastrophic impact of the US Riots

Event Details

What’s it going to cost? A look at the catastrophic impact of the US Riots

Time: November 19, 2020 from 10am to 11am
Location: Virtual
Event Type: educational
Organized By: Reinsurance Under 40s
Latest Activity: Nov 9, 2020

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Event Description

2020 has surely been an unprecedent year experiencing a multitude of events in all regions and no exception to Riots and Civil Commotion. PCS has designated for the first time in history the current riots as a multiple state SRCC (strike, riot, civil commotion) event. More precisely, over twenty states are experiencing significant damages. The impact of the ongoing Riots and Civil Commotion across U.S. cities is strongly being felt by commercial and retail businesses; resulting in significant property losses.

This SRCC event is potentially creating cumulative losses effect to the industry and of becoming a capital event. In this Webinar Tom Johansmeyer, AVP of PCS, will be talking about what this aggregation cost could look like for the industry and its impact to insurers and reinsurers. The event will be moderated by Alex Mican of Verisk and will also have participants from Bermuda Under 40s Re/insurance Group and London's Reinsurance Under 35s Group.

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