March 6, 2024
We recently brought together thought leaders from across Moody’s to talk with the media at our 2023 Hurricane Season Recap and 2024 Outlook briefing, to provide a range of perspectives from meteorology to market impact. We looked back at the …
November 15, 2023
Moody’s RMS, the risk modeling and solutions company, estimates private market insured losses from Hurricane Otis to range between US$2.5 billion and US$4.5 billion. On the other hand, Verisk puts insured losses at US$3 Billion to US$6 Billion. The estimated …
September 5, 2023
Californians know wildfires and earthquakes; hurricanes, not so much. So when Tropical Storm Hilary inundated Southern California in normally bone-dry August, it showed just how exposed homeowners are to a growing financial risk from unpredictable climate-driven flooding. Standard homeowners insurance …
August 22, 2023
Moody’s RMS issued estimates on Tuesday showing economic losses from the recent Lahaina Conflagration and Kula wildfires in Hawaii at $4 billion to $6 billion. The loss estimate reflects property damage, contents, and business interruption, across residential, commercial, industrial, automobile, …
August 15, 2023
Executive summary: Climate change, caused by human activity, is already leading to an increase in the frequency and severity of hot extremes, including heatwaves. While it is difficult to ascribe any given event to climate change, Moody’s RMS says, extreme …
April 27, 2023
The U.S. has experienced a record number of tornadoes in the first three months of 2023 according to preliminary data from the National Weather Service Storm Prediction Center (NWS SPC), delivering an active start to the U.S. severe convective storm …
February 23, 2023
The economic and insured losses from the earthquakes that hit southern Turkey on Monday, Feb. 6 continue to escalate as damage information and data keeps pouring in. The catastrophe risk modeling firm Moody’s RMS estimated on Feb. 23 that economic …
January 25, 2023
Moody’s RMS estimates total economic losses from the recent California flooding at between $5 billion and $7 billion, and insured losses are anticipated to be between $500 million and $1.5 billion, including losses to the National Flood Insurance Program and …