U.S. Economic Losses from Severe Weather During May Topped $4 Billion: Aon June 24, 2020 Severe weather outbreaks across the United States, with a lot of hailstorm damage, resulted in another costly month for insurers...
Tropical Storm Dolly Becomes 4th Named Storm with Early Start to Hurricane Season June 24, 2020 By Brian K. Sullivan Tropical Storm Dolly spun up southeast of Halifax, Nova Scotia, becoming the Atlantic’s fourth named storm of 2020, marking the...
Parametric Catastrophe Facility CCRIF Pays US$3.6M to Guatemala for Excess Rainfall June 23, 2020 Parametric catastrophe facility CCRIF paid the government of Guatemala approximately US$3.6 million under its excess rainfall (XSR) parametric insurance policy...
Unprecedented Arctic Diesel Spill Angers Putin and Could Force Green Reform in Russia June 11, 2020 By Yuliya Fedorinova, Ilya Arkhipov and Olga Tanas The mishandling of the biggest Arctic oil spill ever infuriated Russian President Vladimir Putin and could give a boost to...
Massive Fuel Spill in Siberia Blamed on Melting Permafrost – or Climate Change June 4, 2020 By Yuliya Fedorinova A massive fuel spill in Siberia prompted Russia to declare a state of emergency in the region as the mining...
Cyclone Nisarga Lashes India’s Business Capital, Forcing Evacuation of 100,000 June 4, 2020 By Rafiq Maqbool, Emily Schmall and Aniruddha Ghosal A cyclone made landfall Wednesday south of India’s financial capital of Mumbai, with storm surge threatening to flood beaches and...
1st Tropical Storm of Eastern Pacific Hurricane Season Floods Part of Central America June 2, 2020 By Marcos Aleman The first tropical storm of the Eastern Pacific season drenched parts of Central America Sunday and officials in El Salvador...
Cyclone Nisarga to Disrupt India’s Mumbai Financial Hub June 2, 2020 By Pratik Parija Mumbai, the financial capital of Asia’s third-largest economy, is likely to be affected by a cyclonic storm Wednesday, potentially causing...
Pandemic-Hit Re/insurers Expect a Costly Hurricane Season – and Rates Are Rising June 1, 2020 By Carolyn Cohn The official start of the Atlantic hurricane season on Monday could signal more steep losses for insurers and reinsurers, already...
Severe Storm Batters Coast of West Australia May 27, 2020 Tens of thousands of homes and businesses lost power, buildings were battered and trees were uprooted as a vast stretch...