German, Chinese Insurers Face Record Disaster Claims as Extreme Weather Intensifies August 12, 2021 Extreme precipitation in mid-July resulted in the costliest flooding events on record for German and Chinese insurers, which face potential...
May’s Global Disasters Include Hailstorms, Floods, Cyclones, Quakes, Volcanic Eruption June 11, 2021 U.S. insurers face a multi-billion-dollar payout from May’s convective storms, which spawned extensive hail, tornado, wind and flood damage across...
U.S. Hailstorms that Cost Insurers Billions – and Other April Natural Disasters: Aon May 12, 2021 Insurers face multi-billion-dollar losses from U.S. hailstorms during April, according to Aon’s Global Catastrophe Recap report, which each month analyzes...
Texas, Oklahoma Hailstorms Likely Caused $3.5B in Damage: Accuweather April 30, 2021 Violent spring storms packing high winds and large hailstones in Texas and Oklahoma on April 28 likely caused $3.5 billion...
January’s Hailstorms in Australia Cost Insurers an Estimated A$1.8B (US$1.3B): PERILS July 21, 2020 The industry loss footprint for the January 2020 Australian hailstorms, which occurred Jan. 19-21, 2020, are estimated at A$1.8 billion...
U.S. Economic Losses from Severe Weather During May Topped $4 Billion: Aon June 24, 2020 Severe weather outbreaks across the United States, with a lot of hailstorm damage, resulted in another costly month for insurers...
Remnants of Cristobal Bring Thunderstorms, Flooding to Midwest June 11, 2020 The remnants of Tropical Storm Cristobal were moving out of the Midwest and into Canada on Wednesday, with gusty winds...
Hail Has Damaged Insurance Market for Car Dealers. Parametric Insurance May Help. November 14, 2019 By Ira Boudway Nick Pacifico has been working at his family’s Cadillac dealership in Denver since 2003. He’s never seen insurance costs this...
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...
Artificial Intelligence Helps to Contain Wildfires, Predict Wild Weather August 5, 2019 By Brian K. Sullivan On a tower in the Brazilian rainforest, a sentinel scans the horizon for the first signs of fire. Only these...