Aon Impact Forecasting News

Aon Cites Need for Mitigation as Insured Wildfire Losses Top $10B for Second Year

Total aggregated economic losses for the wildfires that have burned across Northern and Southern California throughout the month are expected to minimally exceed $10 billion, while insurance claims payouts for wildfires are set to exceed $10 billion in the United …

Tallying Losses from October’s Global Catastrophes

October was a deadly and costly month due to natural catastrophes, with the the U.S. and Europe being hit particularly hard, according to Aon’s Impact Forecasting. Total U.S. economic losses from October’s Hurricane Michael – including physical damage and net …

Natural Disasters in September Bring Costliest Damages to Date for 2018: Aon Report

Hurricane, flood, and earthquake damages made September the costliest month for natural catastrophes in 2018, according to a report from Aon’s Impact Forecasting team. September is typically the busiest month for tropical cyclone activity around the globe – and 2018 …

Aon Loss Model Offers Insurers 7.5 Million U.S. Thunderstorm Scenarios

Aon Benfield’s catastrophe model development team, Impact Forecasting, has launched a U.S. severe thunderstorm (STS) scenario model that it says can help insurers more accurately estimate annual losses based on historical data. Severe thunderstorms can produce damaging winds in excess …

Insurance Costs for December Weather in U.S. Could Top $2 Billion: Aon

Total economic losses from the weather events in the U.S. during the month of December will exceed $4 billion, with insured losses likely to approach or exceed $2 billion, according to reinsurance intermediary Aon Benfield’s Impact Forecasting. The severe weather …