Global Natural Disasters Cost Insurers $99B in Q3, With Economic Losses of $227B: Aon October 21, 2022 Global natural disaster events to the end of Q3 2022 caused total economic losses estimated minimally at $227 billion –...
Pakistan’s Catastrophic Flood Damage Estimated to Cost $40 Billion: Officials October 20, 2022 By Faseeh Mangi The damage from this summer’s catastrophic flooding in Pakistan is now estimated at $40 billion, as much as 25% higher...
Arch Capital Estimates Q3 Catastrophe Losses Could Hit $560 Million October 19, 2022 Arch Capital Group Ltd., the Bermuda-based re/insurer, reports that its 2022 third quarter results will be negatively affected by claims...
Hurricane Fiona Breaks New Records in Atlantic Canada With Insured Damage of C$660M October 19, 2022 Hurricane Fiona is estimated to have caused C$660 million (US$436.8 million) in insured damage, according to the Insurance Bureau of...
Australia Banks May Have to Rethink Mortgages in Areas Prone to Extreme Weather: NAB October 18, 2022 Australian banks may have to rethink whether they sell mortgages in areas prone to extreme weather events, the chief executive...
Flash Floods Again Lash Southeast Australia, Forcing Evacuations October 14, 2022 By Renju Jose Thousands of people across Australia’s southeast were asked to evacuate their homes on Friday, including some in a western suburb...
Heavy Rains Ease Across Australia’s East but Flood Threats Remain October 10, 2022 Heavy rains eased across Australia’s east on Monday, a slight relief for flood-weary residents but authorities warned another intense weather...
Analysis Shows Climate Change Increased Ian’s Rainfall Amounts by 10% October 3, 2022 Human-induced climate change, long denied by some elected officials in the states pounded by Hurricane Ian, made the storm’s most...
Storm Noru Brings Floods to Thailand, Forcing 5,000 People to Seek Shelter September 30, 2022 By Tassanee Vejpongsa Water up to waist-high flooded some riverfront neighborhoods and other areas of Thailand on Thursday after a tropical depression dumped...
Hurricane Ian Threatens Heavy Losses for Catastrophe Bond Holders September 30, 2022 By Max Reyes Investors who backstop Florida’s insurance industry by buying catastrophe bonds are girding for substantial losses from Hurricane Ian, threatening to...