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...
Natural Disasters in September Bring Costliest Damages to Date for 2018: Aon Report October 11, 2018 Hurricane, flood, and earthquake damages made September the costliest month for natural catastrophes in 2018, according to a report from...
Rescues, Power Restoration Underway on Japan’s Northern Island Hit by Quake September 6, 2018 By Stephen Stapczynski, Shoko Oda, Kazunori Takada and Gearoid Reidy Japan’s northern island of Hokkaido began to restore power after a strong earthquake overnight knocked out electricity throughout the entire...
Earthquake Hits Japan’s Industrial Heartland, Causing 3 Deaths; Trains, Factories Halted June 18, 2018 By Kazunori Takada and Gearoid Reidy Three people were confirmed dead and almost 100 injured after a strong earthquake hit Osaka on Monday morning, rattling one...
Nat Cats Cost Insurers $39.5B in 2016, Highest Level in 4 Years: Willis Re February 10, 2017 Insured loss estimates from major natural catastrophes totaled US$39.5 billion during 2016, which is the highest level since 2012 when...
Global Natural Catastrophes Cost Insurers $50B in 2016: Munich Re January 4, 2017 Insurers paid out around $50 billion for natural disaster claims last year, almost double 2015’s payout of $27 billion, reinsurer...
Insured Cat Losses in 2016 Totaled $49B, with $158B of Economic Costs: Swiss Re December 15, 2016 More than 10,000 people died as a result of natural and man-made disasters during 2016, with financial losses totaling at...
7.4 Earthquake off Coast of Fukushima Jolts Japan; Tsunami Alert Lifted November 22, 2016 By Yuka Obayashi and Elaine Lies A powerful earthquake rocked northern Japan early on Tuesday, briefly disrupting cooling functions at a nuclear plant and generating a...
Soft Prices May Bring Reinsurer Losses when Typical Cat Levels Return: Execs August 23, 2016 By Oliver Suess and Jan-Henrik Förster It won’t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors...
Natural Catastrophes Drive Global Insured Losses to $31B in H1: Swiss Re’s Sigma August 18, 2016 Global insured losses from natural catastrophes and man-made disasters during the first half of 2016 reached US$31 billion, or 44...