China to Offer Additional Insurance, Financial Support for Flood-Hit Regions July 20, 2020 China’s banking and insurance regulator on Saturday announced measures to further increase credit and lending support and insurance protection for...
Hailstorm in June Was One of Canada’s Costliest Thunderstorm-Related Events: Aon July 17, 2020 Canada saw powerful a series of powerful thunderstorms in June, which brought hail greater than the size of tennis balls...
China Braces for Continuing Floods in One of Worst Rainfall Seasons on Record July 13, 2020 China is preparing for flooding in its northern regions that could potentially hurt crop output amid torrential rain that’s lasted...
Insured Losses for 2019/2020 Australia Bushfires Estimated at A$1.9B (US$1.3B): PERILS July 7, 2020 The insurance industry’s loss footprint for the Australian bushfires of 2019/2020 is estimated at A$1.9 billion (US$1.3 billion), according to...
Heavy Rains Batter China, Raising Flood Alert Levels for Cities on Yangtze River July 6, 2020 SHANGHAI — The central Chinese city of Wuhan, epicenter of the new coronavirus pandemic, raised its flood alert level on...
Torrential Rains Cause Floods in SW Japan, with Nearly 40 Feared Dead July 6, 2020 Nearly 40 people were feared dead as torrential rains continued to hit Japan’s southwestern island of Kyushu, with river banks...
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...
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...