tornadoes News

U.S. Storms in May to Cost Insurers $3B; Economic Costs Total $4B: Aon Report

Total aggregated economic losses from severe weather in the U.S. during May was set to exceed US$4.0 billion, while public and private insurers face a combined payout approaching an estimated US$3.0 billion, according to Impact Forecasting, Aon Benfield’s catastrophe model …

Tornadoes Leave at Least 2 Dead as Storms Pummel Central U.S.

Storms whipped through a wide swath of the nation’s midsection, giving rise to tornadoes that flattened a Wisconsin mobile home park and an Oklahoma subdivision and killing at least two people and injuring dozens of others. The storms hit Wisconsin …

Bermuda Re/Insurers Hit by Ogden Rate Change, Higher Nat Cats: S&P

A big change in the Ogden rate in the UK and higher natural catastrophe losses are dampening a wide range of Bermuda-based insurer and reinsurer results in the 2017 first quarter, Standard & Poor’s said in a new report. “Unfavorable …

Global Temps Could Hit 1.5°C Target in 9 Years: Research

Believe it or not, the planet could be much warmer in the next few years, according to new research. The research, published this week in Geophysical Research Letters, indicates that Earth could be 2.7 degrees Fahrenheit (1.5 C) warmer than …

U.S. Weather Remains Biggest Driver of Global Insurance Losses in 2017: Aon

Severe weather in the U.S. remains the largest contributor to global insurance losses in 2017 after April continued the trend with multi-billion dollar losses for public and private insurers, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. “Much …

Museum in Indiana Exhibit Explains Why Natural Disasters Occur

Natural disasters can strike at any time, often without warning, and devastate cities, regions, states and countries. Nature Unleashed, a new exhibit at the Indiana State Museum, aims to help Hoosiers understand why tornadoes, earthquakes, hurricanes, tsunamis and volcanic eruptions …

U.S. Weather in March to Cost Insurers More than $2 Billion: Aon

Four severe weather outbreaks in the U.S. throughout March led to extensive damage in the central and eastern parts of the country, costing the insurance industry in excess of US$2.0 billion, according to a report published by Impact Forecasting, Aon …

Weather Events in U.S., Australia Cost Insurers $1B+ in February: Aon

Insurers face claims of more than US$1.0 billion as a result of severe weather events in the U.S. and Australia during February, according to a report published by Impact Forecasting, Aon Benfield’s catastrophe model development team. The report discussed the …

Hundreds of Homes, Businesses Damaged by Storms in Midwest

A severe storm system has pummeled parts of the Midwest with tornadoes, huge hailstones and powerful winds, damaging nearly 500 buildings and injuring a dozen people in one Missouri city. The Storm Prediction Center in Norman, Oklahoma, received reports of …

Severe U.S. Weather During January Cost Insurers More Than $1B: Aon

Major weather and flood events in the U.S. during January will cost the insurance industry more than $1 billion as tornadoes hit a 17-year high, according a report published by Impact Forecasting, Aon Benfield’s catastrophe model development team. The most …