natural catastrophe News

Clashing Risk Predictions Cast Doubt on Black Box Climate Models

Many companies offer detailed climate projections tailored to property-level precision. These tools can allow owners and investors to better anticipate risks of flooding, wind, wildfire and other disasters. Insurers have been among the adopters of climate-risk models, in a sign …

Weather Whiplash: Summer Lurches From Drought to Flood

Parts of northern Texas, mired in a drought labeled as extreme and exceptional, are flooding under torrential rain. In a drought. Sound familiar? It should. The Dallas region is just the latest drought-suffering-but-flooded locale during a summer of extreme weather …

Chubb’s Greenberg: On War, Ex-CAT Reporting and Insurance Profits

When Chubb published its 2021 annual report online this week, it contained more than the details of the best year in the company’s history. As in past years, the chief executive commented on world events in his letter to shareholders. …

2015 Global Insured Losses Lowest Since 2009 Despite El Niño Effects: Carpenter

One of the strongest El Niño periods on record and a positive phase of the North Atlantic Oscillation were the climate drivers in 2015 that led to an exceptional season of Pacific tropical storms and severe windstorms and flooding in …

Typhoon Koppu (a.k.a. Lando) to Hit Philippines with Heavy Rainfall Warnings

Typhoon Koppu is gaining strength and looks likely to deliver heavy rainfall over parts of Luzon in the northern Philippines this weekend and early next week, which may trigger dangerous flooding and mudslides, according to a report from Weather Underground. …