Insurers Have New Opportunity in Secondary Perils, Swiss Re Says June 24, 2025 By Ishika Mookerjee Being able to predict the environmental risks that follow a major natural disaster represents an untapped business opportunity for the...
Firefighters Battle Major Wildfire on Greek Island of Chios, With Evacuations Ordered June 24, 2025 Greek authorities sent new evacuation notifications for two areas near the main town of the eastern Aegean island of Chios...
Global Forest Loss Tops Record as Wildfires Drive Destruction May 21, 2025 By Natasha White Global loss of tropical and boreal forests surged to a record high last year as unprecedented temperatures fueled fires, releasing...
Insured Losses Could Hit $145B in 2025, Driven by Rising Claims From Secondary Perils April 30, 2025 By L.S. Howard Global insured losses from natural catastrophes hit US$137 billion in 2024, following the 5%-7% annual growth rate that has been...
Severe Storms Batter Greek Islands, With Crete Hit Hardest April 3, 2025 Severe storms battered islands in Greece for a second day on Tuesday [April 1], with Crete experiencing the heaviest rainfall....
Spain’s Storms Refill Reservoirs, Easing Nation’s Worst Drought March 25, 2025 By Laura Millan Jana, Konrad, Laurence and Martinho — the unprecedented string of four named storms that barreled through the Iberian peninsula in...
Valencia Floods Prompt Race for Funds to Boost Spain’s Climate Resilience February 7, 2025 By Corina Pons and Pietro Lombardi Spain is seeking European approval to repurpose more than a billion euros of post-pandemic recovery funds to make Valencia more...
Insured Losses From Natural Disasters Hit $140B as Climate Change ‘Shows Its Claws’ January 9, 2025 By L.S. Howard Insurers saw the third most expensive year for natural catastrophe losses in 2024 – reaching a total of US$140 billion...
Catastrophe Bonds See Investor Influx After ‘Fantastic’ Run December 10, 2024 By Gautam Naik After emerging from an unusually active hurricane season with market-beating returns, catastrophe bonds are rapidly adding investors. Despite the increase...
Bank of Spain Estimates Floods Cost 0.2% of GDP in 4th Quarter November 20, 2024 By Jesús Aguado Last month’s catastrophic floods in eastern Spain are likely to have a negative impact of 0.2 percentage points on the...