Insured Losses from Winter Storm Ciarán Range From €800M to €1.3B: Verisk November 9, 2023 Industry insured losses due to wind from Winter Storm Ciarán (also named Emir by the Free University of Berlin) will...
As Acapulco Rebuilds After Hurricane Otis, Other Mexico Resorts Urged to Heed Lessons November 6, 2023 By Cassandra Garrison and Dave Graham Hurricane Otis not only devastated Acapulco, but also exposed fatal weaknesses in aging infrastructure, teaching hard lessons that coastal cities...
Storm Ciarán Batters UK and Europe With Punishing Winds and Heavy Rainfall November 2, 2023 By Todd Gillespie, Katharina Rosskopf and Anna Shiryaevskaya Storm Ciarán plowed through northwest Europe, tearing the roofs off some buildings, snarling transport networks and cutting power to more...
Hurricane Otis’ Impact on Mexico Insurance Industry Expected to Be ‘Controlled’: Fitch November 2, 2023 Fitch Ratings expects Hurricane Otis’ effects on Mexico’s insurance industry to be controlled and within its current ratings expectations, the...
Western Europe Braces for Worst Storm of Season With Hurricane-Strength Wind Gusts October 31, 2023 By Anna Shiryaevskaya and Brian K. Sullivan Western Europe is bracing for the worst storm so far this season with hurricane-strength wind gusts and rain potentially disrupting...
Otis Likely to Be One of Costliest Hurricanes for Mexico Insurance Market: Gallagher Re October 30, 2023 Hurricane Otis is expected to be one of the costliest natural catastrophe events in Mexico’s history with initial economic losses...
Acapulco’s Economic Losses Seen at $15 Billion as Hurricane Otis Death Toll Rises October 26, 2023 By Andrea Navarro Hurricane Otis left a trail of destruction in Acapulco after tearing into the historic Mexican beach town with wind speeds...
Hurricane Otis Makes Landfall Near Acapulco as Category 5 Storm October 25, 2023 By Brian K. Sullivan Hurricane Otis made landfall near the tourist hotspot of Acapulco on Mexico’s Pacific Coast as a deadly Category 5 hurricane...
Catastrophe Bond Market Headed for Major Surge in Issuance October 25, 2023 By Gautam Naik The market for catastrophe bonds is one of this year’s best-performing debt classes. It’s also about to see a significant...
Pacific and Atlantic Hurricanes Norma and Tammy Hit Mexico and Barbuda October 23, 2023 By Ignacio Martínez and Fernando Llano Hurricane Norma came ashore near the Pacific resort of Los Cabos at the southern tip of Mexico’s Baja California Peninsula...