Insured Losses From Severe Convective Storms in US Top $50B for 1st Time: Aon October 20, 2023 By L.S. Howard Insured losses from severe convective storms in the United States continued to increase during the third quarter, surpassing the $50...
Storm Babet Hammers Scotland With Warnings of Risk to Life, Flooding October 20, 2023 By Todd Gillespie and Lars Paulsson The UK’s Met Office warned of the possibility of severe flooding and loss of life in the northern part of...
Storm Babet Sparks Red Alert as Scotland Braces for Flooding October 19, 2023 By Ellie Harmsworth Storm Babet has triggered a red alert in Scotland as exceptional rainfall and flooding pose a “danger to life,” according...
Global Economic Losses From Extreme Weather Could Hit $5 Trillion: Lloyd’s October 11, 2023 Global economic losses could reach $5 trillion under a “plausible increase” in extreme weather events linked to climate change that...
Economic Losses From China Disasters Reach $42B in First Nine Months of 2023 October 10, 2023 China suffered direct economic losses of 308.29 billion yuan ($42 billion) over the first nine months of 2023, the government...
Typhoon Koinu Strengthens as It Heads Toward Hong Kong October 6, 2023 By Richard Frost Typhoon Koinu strengthened as the storm headed across the South China Sea toward Hong Kong, contrary to earlier expectations by...
Record Heat Unleashes Deadly Floods – From US to Libya October 5, 2023 By Brian K. Sullivan Extreme heat is usually associated with drought and wildfires. But across five continents this year, it’s also unleashed a different...
Climate Change Made Deadly Floods in Libya and Greece More Extreme September 21, 2023 By Laura Millan The low-pressure weather system that unleashed unprecedented amounts of rain across the eastern Mediterranean last week was made more likely...
US Home Insurance ‘Bubble’ Closer to Popping as Climate Risks Mount: Report September 20, 2023 By Leslie Kaufman Home insurance costs that have soared in much of the US may get even higher. Tens of millions of properties...
Hong Kong’s Floods to Hit Insurers’ Earnings, Could Pressure Reinsurance Renewals September 18, 2023 The recent devastating floods following Super Typhoon Saola in Hong Kong and other parts of China may add further pressure...