Hurricane Ian Drives Global Insured Losses of $115B From Natural Disasters: Swiss Re December 1, 2022 By L.S. Howard Hurricane Ian and other natural catastrophes, such as European winter storms, floods in Australia and hailstorms in France and the...
Australia’s Extreme Weather Events to Worsen as Climate Warms: Report November 23, 2022 By Ainslie Chandler Australia will experience an increase in extreme heat, intense rainfall and coral-bleaching events, as well as longer fire seasons and...
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 –...
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...
Australia’s Extreme Climate Risks Threaten to Make Home Insurance Unaffordable August 17, 2022 By Swati Pandey Australia’s mounting extreme weather events threaten to make home insurance premiums unaffordable for an estimated 1 million households. On average,...
Insurance Losses From Sydney Floods Approach A$100M: ICA July 8, 2022 Insurers have received 8,415 claims as a result of July’s floods in Sydney, carrying an initial estimated insurance price tag...
Update: Heavy Rains Ease Over Sydney but Floods Continue to Force Evacuations July 6, 2022 By Renju Jose A wild storm system has moved away from Sydney after pounding Australia’s largest city with four days of torrential rain,...
What Is Causing Australia’s Incessant Rain? July 5, 2022 By Sonali Paul MELBOURNE — Torrential rain is lashing Australia’s southeast coast, forcing thousands of people from their homes because of the danger...