Tropical Storm Nangka Forces Suspension of Markets in Hong Kong October 13, 2020 By Dominic Lau and Richard Frost Hong Kong scrapped trading of stocks and bonds Tuesday after tropical storm Nangka prompted authorities to shutter businesses and close...
NFIP’s Flood Losses Expected to Be ‘Significant’ from Hurricane Sally: AM Best September 18, 2020 Hurricane Sally is not expected to cause a major insurance loss – compared to events such as the ongoing wildfires...
Number of Landfalls of Big U.S. Storms Could Break 1916 Record September 18, 2020 By Will Wade Hurricane Sally’s historic flooding of Florida and Alabama this week marked the eighth named storm to strike the continental U.S....
After Hurricane Sally, Assessment of Extensive Flood Damage Begins September 18, 2020 By Devika Krishna Kumar and Jennifer Hiller GULF SHORES, Ala./HOUSTON – As an Alabama resident, Toby Wallace has seen his fair share of hurricane damage working for...
Secondary Perils Drive Global Insured Catastrophe Losses of $31B During H1: Swiss Re August 12, 2020 Global insured property losses from disasters were US$31 billion in the first half of 2020, up from US$23 billion during...
Insured Losses for Europe’s Storm Sabine (aka Ciara/Elsa) Estimated at €1.6B: PERILS August 11, 2020 The industry loss footprint for extratropical cyclone “Sabine” – also known as “Ciara” and “Elsa” – is estimated at €1.61...
Third Wave of Severe Flooding Expected in China July 27, 2020 By Bloomberg News China warned that the worst of the deluges that have led millions to be evacuated may be yet to come,...
Global Natural Catastrophe Losses During H1 Ranged from $68B to $75B: Munich Re, Aon July 24, 2020 By L.S. Howard Munich Re and Aon both issued reports this week on the economic and insurance costs of global natural catastrophes during...
Excessive Floods Endanger Aging Chinese Dams and Could Cause ‘Black Swan’ Disaster July 22, 2020 By Ryan Woo The dam at a small reservoir in China’s Guangxi region gave way last month after days of heavy rain in...
January’s Hailstorms in Australia Cost Insurers an Estimated A$1.8B (US$1.3B): PERILS July 21, 2020 The industry loss footprint for the January 2020 Australian hailstorms, which occurred Jan. 19-21, 2020, are estimated at A$1.8 billion...