Tropical Storm Amanda News

U.S. Economic Losses from Severe Weather During May Topped $4 Billion: Aon

Severe weather outbreaks across the United States, with a lot of hailstorm damage, resulted in another costly month for insurers as a significant proportion of the US$4 billion economic cost was covered by insurance, according to Aon’s monthly Global Catastrophe …

Parametric Catastrophe Facility CCRIF Pays US$3.6M to Guatemala for Excess Rainfall

Parametric catastrophe facility CCRIF paid the government of Guatemala approximately US$3.6 million under its excess rainfall (XSR) parametric insurance policy for nine days of rain that occurred during Tropical Storms Amanda and Cristobal. The policy was triggered by rains that …