Reinsurers Adopt Divergent Strategies About Natural Catastrophe Exposures: S&P August 31, 2022 By L.S. Howard The natural catastrophe business of global reinsurers has been reshaped by five years of higher-than-expected losses, which is leading reinsurers...
Droughts, Floods, Other Water-Related Disasters Could Cost Economy $5.6T by 2050 August 29, 2022 By Gloria Dickie Worsening droughts, storms and torrential rain in some of the world’s largest economies could cause $5.6 trillion in losses to...
Global Natural Disasters Cost Insurers $34 Billion in H1 2022: Munich Re July 28, 2022 Global natural disasters during the first half of 2022 cost insurers about US$34 billion, which covered a little more than...
Russia Vulnerable to Climate Change, Causing Expensive Natural Disasters April 14, 2021 By Olga Tanas and Dina Khrennikova The residents of Irkutsk, one of Russia’s coldest regions, are used to harsh winters. But when the temperature dropped to...
Japan Firms Have Done Little to Build Resilience Against Increasing Floods: Reuters Poll January 17, 2020 By Tetsushi Kajimoto and Izumi Nakagawa Japanese companies have contingency plans for the floods that increasingly drench this island nation, but most have done little to...
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...