Australian Tourist Hotspot Inundated With Life-Threatening Floods After Cyclone Jaspar December 18, 2023 By Keira Wright A key tourism area in Australia’s far north has been inundated with life-threatening flooding after days of torrential rainfall in...
Tropical Cyclone Jasper Barrels Towards Australian Tourism Hotspot December 11, 2023 By Keira Wright Australia’s far north coast is bracing for a cyclone that’s expected to bring damaging winds, heavy rainfall and potential flooding...
Climate Change, El Niño Bring T-Shirt Weather in December for Northern Hemisphere December 8, 2023 By Brian K. Sullivan It’s the cusp of winter in the Northern Hemisphere, but in many places from the US to Japan, it feels...
Global Insured Losses From Severe Convective Storms Hit New High of $60B: Swiss Re December 7, 2023 Global insured losses from severe thunderstorms have hit a new all-time high of US$60 billion in 2023, with overall natural...
Severe Cyclone May Bring Floods to Parts of Southeast India December 4, 2023 By Atul Prakash A severe cyclone in the Bay of Bengal is likely to cause heavy rain and strong winds across southeast India,...
Climate Finance Takes Center Stage at COP28 Climate Talks December 4, 2023 By Simon Jessop, Maha El Dahan and Hadeel Al Sayegh Money pledges grabbed the spotlight again at COP28 in Dubai on Monday as delegates turned their focus to the yawning...
Nigeria’s Worst Flood in Decade Caused Billions in Economic Damage December 1, 2023 By Ruth Olurounbi Nigerian floods last year that claimed hundreds of lives also caused up to $9 billion in damage, according to a...
P/C Insurers Face Challenging Claims Dynamics as Frequency, Severity Rise: Swiss Re November 28, 2023 By L.S. Howard The property/casualty insurance industry is confronting challenging claims dynamics, with rising frequency and severity of claims despite decreases in economic...
Hurricane Otis’ Insured Losses Estimated at $2.5B-$6B: Moody’s RMS, Verisk 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...
Piercing Through Rain, Smoke and Fog: How Radar Satellites See Catastrophes November 14, 2023 By Stephen Lathrope and Andy Read Executive Summary: The potential for satellite technology to revolutionize claims management has long been recognized but has only recently been...