Climate Change Boosted Cost of Japan’s Typhoon Hagibis by $4B: Study May 19, 2022 By Aaron Clark The effects of human-caused climate change were responsible for roughly $4 billion of the $10 billion in insured losses resulting...
Failure to Act on Climate Change Could Make Weather Risks Uninsurable: Swiss Re April 8, 2020 By L.S. Howard Global warming will lead to growing intensity and frequency of severe weather events, rising losses, as well as greater uncertainty...
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...
AXIS Capital’s Losses from Japan’s Typhoon Hagibis Estimated at $90M-$110M November 26, 2019 AXIS Capital Holdings Ltd. announced a preliminary pre-tax loss estimate for Japanese Typhoon Hagibis in the range of $90 million...
Typhoon Hagibis to Cost Japan’s Economy $10B, with Insured Losses in Billions: Aon November 8, 2019 Typhoon Hagibis is likely to become one of 2019’s costliest events, with economic costs of more than US$10 billion and...
Insured Losses from Typhoon Hagibis Estimated at $7B-$11B: RMS November 1, 2019 Insured losses stemming from Typhoon Hagibis in Japan are estimated to range between US$$7 billion and $11 billion, according to...
Typhoon Hagibis Likely to Cause Earnings Event for Japan’s Insurers: Fitch October 29, 2019 Typhoon Hagibis is likely to be an earnings event for Japan’s three main non-life insurance groups, MS&AD Insurance Groups Holdings,...
Insured Losses from Japan’s Typhoon Hagibis Estimated at $8B-$16B: AIR October 22, 2019 Insured losses from Typhoon Hagibis, which made landfall in Japan on Oct. 12, will be between 865 billion Japanese yen...
Typhoons Faxai, Hagibis Unlikely to Affect Stability of Japan’s Non-Life Insurers: AM Best October 18, 2019 The recent mega-typhoons in Japan are unlikely to affect the financial stability of the country’s three major non-life insurers due...
Update: Typhoon Hagibis Rips Across Japan, Causing Flooding, Killing at Least 43 October 12, 2019 By Chikafumi Hodo and Shiho Takezawa Japan is sending more than 110,000 people including its Self-Defense Forces to tackle rescue and cleanup operations in the wake...