The Care and Feeding of Property-Catastrophe Models September 7, 2023 By L.S. Howard Executive summary: The key to getting useful model results is working with models that fit specific underwriting needs and making...
Markets/Coverages: Aon Incorporates Climate Science Into European Flood Models June 30, 2022 Insurance broker Aon has incorporate the latest climate science into its Impact Forecasting’s European flood models to help enable insurers...
Vietnam Suffers Rare $1 Billion Natural Catastrophe Loss: Aon Benfield Report December 11, 2017 Typhoon Damrey made landfall in Vietnam during November as a Category 2 strength storm, bringing estimated economic damages of VND22.1...
June Catastrophes Cost Global Economy $5 Billion; U.S. Storms Dominate: Aon July 10, 2017 Floods and storms cost the global economy more than $5 billion in June, with most of those losses generated in...
New Zealand Quake’s Insured Losses Estimated at $705M-$3.5B: Aon Cat Report December 8, 2016 Insurance losses from last month’s magnitude 7.8 earthquake in New Zealand are likely to range between NZ$1.0 to 5.0 billion...
Just 2% of China’s July Floods Covered by Insurance, vs. Nearly 70% in U.S.: Aon August 5, 2016 China’s seasonal “Mei-Yu” rainfall in July led to the worst flooding since 1998, bringing total combined economic losses of an...
Global Flood Events Rack Up $5B in Economic Costs in June: Aon Report July 8, 2016 Major floods across the globe during June – topped by events in China and the U.S. – are expected to...
Global Disasters During May to Cost Insurers at Least $7B: Aon Report June 9, 2016 Global disasters led to at least $7 billion in claims during May as insurers aid the recovery process following wildfires,...
U.S. Storms in March Will Cost Insurers $2 Billion: Aon Benfield’s Cat Report April 7, 2016 Insurers face a $2.0 billion bill following seven severe storm events across multiple states in March, according to Impact Forecasting,...
January Weather Cost Global Economy $4 Billion-Plus: Impact Forecasting February 10, 2016 January winter weather cost more than $4.0 billion of economic impact in the United States and Asia, according to Impact...