Natural catastrophes in 2023 caused global economic losses of US$250 billion, with insurers and reinsurers paying US$95 billion of that...
Hurricane Otis News
This year’s January reinsurance renewals were described by brokers as “stable,” “predictable,” “orderly,” “calmer,” “disciplined,” with “increased appetites” and a...
The largest non-US natural catastrophe in 2023 was the Kahramanmaras Earthquake Sequence in Turkey on Feb. 6, which generated an...
Moody’s RMS, the risk modeling and solutions company, estimates private market insured losses from Hurricane Otis to range between US$2.5...
Hurricane Otis not only devastated Acapulco, but also exposed fatal weaknesses in aging infrastructure, teaching hard lessons that coastal cities...
Fitch Ratings expects Hurricane Otis’ effects on Mexico’s insurance industry to be controlled and within its current ratings expectations, the...
Hurricane Otis is expected to be one of the costliest natural catastrophe events in Mexico’s history with initial economic losses...
Hurricane Otis left a trail of destruction in Acapulco after tearing into the historic Mexican beach town with wind speeds...
Hurricane Otis made landfall near the tourist hotspot of Acapulco on Mexico’s Pacific Coast as a deadly Category 5 hurricane...