Natural Catastrophes Cost $150B in 2019, with Insurers Paying $52B: Munich Re January 8, 2020 By L.S. Howard Natural catastrophes caused overall losses of US$150 billion during 2019, including insured losses of about US$52 billion, which matches the...
Climate Forecast for 2020s Is Warmer, Stormier and More Extreme: Opinion December 31, 2019 By Faye Flam, Bloomberg Opinion Over the last decade, scientists learned a great deal about the climate, much of it concerning the connection between global...
$584B at Risk From Cat Events in 2020: University of Cambridge Study December 27, 2019 Providing an annual update of its study of the impact of catastrophic events on global GDP, researchers from the University...
Catastrophe Insurance Data Firm PERILS Expands Coverage to New Zealand November 1, 2019 PERILS, the independent Zurich-based company that provides industry-wide catastrophe insurance data, announced it has extended its market coverage to include...
Insurers to Offer up to $5B in Capacity to Hike Developing Nations’ Climate Resilience September 25, 2019 By Katherine Chiglinsky Insurers are partnering with the United Nations and other public groups to help the poorest countries bounce back from natural...
Many Reinsurers Take Increased Catastrophe Risks as Rates Harden: S&P August 14, 2019 Some global reinsurers have chosen to stop retrenching from catastrophe risks, deciding instead to take advantage of higher premium rates...
Severe Weather Season is Here March 28, 2019 By Daniel Betten, Principal Research Scientist This post is part of a series sponsored by CoreLogic. Severe convective storms—the group name given to tornadoes, hail, and...
January’s U.S. Storms, Australia Floods Bring Economic Damages Near $2B: Aon February 11, 2019 Multiple winter storms and extreme cold led to 45 deaths and cost the U.S. economy $1 billion during January, according...
Cyber Joins Business Interruption as Top Global Business Risks: Allianz Survey January 16, 2019 By L.S. Howard Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global...
RMS Lists Top 10 ‘1-in-100-Year’ Events for Asia Pacific Region October 30, 2018 The Asia Pacific region remains highly vulnerable to major catastrophes, RMS said, announcing a list of 10 “1-in-100-year” events possible...