Natural Disasters Cost Insurers $120B in 2021. Munich Re Points to Climate Change Link. January 10, 2022 Natural disasters across the globe caused economic losses of US$280 billion in 2021, of which roughly US$120 billion were insured,...
Natural Catastrophes Cost $150B in 2019, with Insurers Paying $52B: Munich Re January 8, 2020 By L.S. Howard Natural catastrophes caused overall losses of US$150 billion during 2019, including insured losses of about US$52 billion, which matches the...
Re/insurers Rethink Climate Change Risks as Losses Grow from Wildfires, Floods, Hail September 20, 2019 By Lena Masri By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay...
California Wildfires, Hurricane Michael Top List of 2018’s Costliest Natural Disasters: Munich Re January 8, 2019 By L.S. Howard The costliest natural catastrophes occurred in the United States in 2018 with one of California’s devastating wildfires and Hurricane Michael...
Growing Climate Risks May Be ‘Impossible to Model’ – and Ultimately Uninsurable November 13, 2017 By Jessica Shankleman After one of the worst Atlantic hurricane seasons in history, the world’s biggest insurers say the industry needs to get...
Insurers Will Easily Swallow Harvey’s Claims but Growing Climate Risk Predicted August 29, 2017 By Tom Sims Damages from Hurricane Harvey’s ravaging of Houston and the Texas Gulf Coast are estimated to be well below those from...
Lloyd’s Insurers’ Stocks Fall on Possible Claims from Hurricane Harvey August 29, 2017 By Lukanyo Mnyanda Lloyd’s of London insurers dropped amid speculation that they will suffer losses from Tropical Storm Harvey that’s battering Houston, the...
Survey Shows 8-in-10 Americans Believe in Climate Change December 2, 2014 By Don Jergler More than eight-in-10 Americans now believe the climate is changing – although they place that concern beneath issues like global...