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...
US Already Sets Record for Yearly Billion-Dollar Weather Disasters September 13, 2023 By Seth Borenstein The deadly firestorm in Hawaii and Hurricane Idalia’s watery storm surge helped push the United States to a record for...
Loss Trends for Severe Convective Storms September 7, 2023 By L.S. Howard Loss trends for severe convective storms (SCS) have increased over the past 15 years and even more during the past...
Allstate Starts Q3 With $313M in Catastrophe Losses in July August 18, 2023 Allstate Corp. said estimated catastrophe losses for the month of July were $313 million or $247 million, after-tax. July has...
Global Natural Disasters Cost Insurers $43B in H1, Surpassing 10-Yr Average: Munich Re July 28, 2023 By L.S. Howard Natural disasters during the first half of 2023 cost insurers an estimated US$43 billion with an overall economic price tag...
Deadly Storms Across US Northeast Bring Floods, Tornado Alerts July 17, 2023 A cluster of severe thunderstorms pounded the US Northeast including New York City on Sunday, unleashing deadly flooding in Pennsylvania,...
‘Heat Dome’ Scorching Temperatures Headed to Other States June 28, 2023 By Jake Bleiberg and Ken Miller Scorching temperatures brought on by a “heat dome” have taxed the Texas power grid and threaten to bring record highs...
Markets/Coverages: Resolute Global Partners Launches New Type of Reinsurance Contract April 18, 2023 Resolute Global Partners, an investment adviser specializing in insurance and reinsurance, announced the launch of “Footprint,” a new type of...
Global Insured Losses Estimated at $15B in Q1, With Economic Price Tag of $63B: Aon April 17, 2023 Private and public insurance entities saw an estimated $15 billion of global losses during the first quarter – close to...
Aon Updates Europe Windstorm, Severe Convective Storm Models March 13, 2023 Aon plc, a leading global professional services firm, updated its Impact Forecasting Europe Windstorm and Severe Convective Storm (SCS) catastrophe...