Catastrophe Risks

2022 Hurricane Season Saw 14 Storms, $65 Billion in Insured Losses

December 2, 2022

While the 2022 Atlantic hurricane season produced fewer storms than anticipated, it resulted in $110 billion in losses, of which $65 billion were insured, according to Munich Re. The 2022 hurricane season saw 14 named storms, with 8 hurricanes, including 2 severe hurricanes of Category 3 or greater. Read More

Estimate Sets Hurricane Nicole Insured Losses at Less Than $2 Billion

November 18, 2022

Total private market US insured losses from Hurricane Nicole will be less than $2 billion, with the best estimate of $1.6 billion, according to risk modeling firm RMS. The RMS estimate represents insured losses resulting from wind, storm surge, and precipitation-induced flooding. Read More

October Ranked as the Fourth-Warmest October on Record: NOAA

November 16, 2022

October ranked as the fourth-warmest October in 143 years, according to the US National Oceanic and Atmospheric Administration (NOAA). The Northern Hemisphere experienced its second-warmest October, just behind October 2015. Meanwhile, Europe saw its warmest October on record. Read More

CCRIF SPC Pays Out $15.2 Million in October Hurricane Losses

November 8, 2022

CCRIF SPC made four payouts totaling $15.2 million to three of its member governments during October for hurricane-related weather events. The recent payouts bring CCRIF's total policy payouts to $260 million. Since its inception in 2007, the facility has made 58 payouts to 16 of its 24 members. Read More

2022 Global Insured Natural Disaster Losses Likely To Top $100 Billion

October 24, 2022

Global insured losses resulting from natural disasters are likely to exceed $100 billion for the third consecutive year, according to a recent report from Aon. Much will depend on the eventual financial outcome of Hurricane Ian, expected to be the year's costliest natural disaster event. Read More