Best's News


Best’s News & Research Service subscription required - March 13, 2026 12:24 PM (EDT)

Perils Cuts Cyclone Alfred Losses to $1.32 Billion in Final Estimate

Perils AG put its final loss estimate for Australia's Cyclone Alfred at A$1.88 billion ($1.32 billion) as the storm proved difficult for insurers to measure due to its unusual progression. . . .

-- This content requires a subscription --

Already a Subscriber?

Log in  Register your purchase

Not a Subscriber?

Best's News & Research Service

A subscription includes:

  • BestDay
  • Best's News
  • Best's Review
  • Best's Research
  • Best's Special Reports & Commentaries
  • Best's Rankings
  • and more...

Subscribe

Receive emails featuring AM Best's news and research
Opt-in

Property Insurance Commercial Lines Catastrophe Modeling Losses Australia Catastrophes Claims Floods Personal Automobile Insurance Windstorms


Latest News

BEST'S CREDIT RATING ACTION
AM Best Revises Outlooks to Stable for Amica Mutual Insurance Company and Subsidiaries
Mar 13, 2026 01:35 PM (EDT)
BEST'S CREDIT RATING ACTION
AM Best Affirms Credit Ratings of Fianzas Avanza S.A de C.V.
Mar 13, 2026 01:27 PM (EDT)
PEOPLE IN INSURANCE
Mapfre Names CEO for Its Asset Management Firm
Mar 13, 2026 12:36 PM (EDT)
MERGERS AND ACQUISITIONS
Mitsui Sumitomo Completes $3.8 Billion Berkley Stake Acquisition
Mar 13, 2026 12:30 PM (EDT)
AM BEST AUDIO PODCASTS
Weekly Podcast Highlights - March 13
Mar 13, 2026 12:12 PM (EDT)

More from Best’s News


Trending

1
OCEAN MARINE INSURANCE
Chubb to Lead $20 Billion US Gulf Marine Reinsurance Program
Mar 11, 2026 05:11 PM (EDT)
2
ARTIFICIAL INTELLIGENCE
Nippon Life Sues OpenAI for Illegally Practicing Law in Dispute Over Settled Claim in Illinois
Mar 11, 2026 04:42 PM (EDT)
3
BEST'S NEWS
Best's News: Best’s Ranking Finds Progressive Edges Out State Farm as No. 1 in US Total Auto
Jun 20, 2025 04:14 PM (EDT)
4
SETTLEMENTS (LITIGATION)
Aetna Reaches $117.7 Million False Claims Act Settlement
Mar 11, 2026 03:15 PM (EDT)
5
CAPTIVE INSURERS
Federal Court Rules in Favor of IRS in Microcaptive Case
Mar 11, 2026 04:30 PM (EDT)

    

1
STRATEGY
Zurich CEO: Global Specialty Prospects Ideal Amid Current Uncertainty
Nov 19, 2025 11:03 AM (EST)
2
BEST'S CREDIT RATING ACTION
AM Best Affirms Credit Ratings of Nationwide Mutual Insurance Company and Its Key Operating Subsidiaries
Nov 07, 2025 09:02 AM (EST)
3
BEST'S CREDIT RATING ACTION
AM Best Affirms Credit Ratings of The Allstate Corporation and Its Core Subsidiaries
Aug 28, 2025 04:29 PM (EDT)
4
BEST'S CREDIT RATING ACTION
AM Best Revises Outlooks to Negative for Knight Insurance Company Ltd. and Its Affiliates
Apr 17, 2025 09:18 AM (EDT)
5
MUTUAL INSURERS
Mutual of Omaha Board Approves Reorganization as Mutual Holding Company
Apr 07, 2025 02:12 PM (EDT)