Catastrophe Risks
April Saw Early Wildfire Season, Numerous Tornadoes, Western Drought
While April was a bit cooler and wetter than usual across the contiguous United States, the month was marked by an early start to wildfire season, several tornado outbreaks, and a widespread drought in the western United States, according to the US National Oceanic and Atmospheric Administration. Learn More
North Carolina State Researchers Predict Active Hurricane Season
Researchers at North Carolina State University have joined other forecasters in predicting an active Atlantic hurricane season this year. According to the North Carolina State forecast, this year's hurricane season—which runs from June 1 to November 30—will see 17 to 21 named storms forming over the Atlantic basin. Learn More
First-Quarter Insured Natural Catastrophe Losses To Top $14 Billion
While the first quarter of the year is typically the quietest quarter of the year in terms of catastrophe losses, 2022 was the sixth consecutive year with more than $10 billion in insured catastrophe losses, according to Aon. The quarter saw $14 billion in insured natural catastrophe losses. Read More
Colorado State Researchers Predict Above-Average Hurricane Season
In their first extended range forecast of the 2022 Atlantic hurricane season, researchers at Colorado State University (CSU) predicted above-normal storm activity. The first 2022 CSU Atlantic hurricane season forecast calls for 19 named storms, including 9 hurricanes of which 4 will be major hurricanes. Read More
Growing Flood Peril Underscores the Size of the Global Protection Gap
Natural catastrophes were responsible for $270 billion in economic losses and $111 billion in insured losses in 2021, according to the Swiss Re Institute, with floods responsible for 31 percent of economic losses. While floods caused $82 billion in economic losses, insured flood losses were approximately $20 billion. Read More
Forecasters Predict Another Above-Average Atlantic Hurricane Season
There's a strong chance of a storm developing ahead of the official start of this year’s Atlantic hurricane season on June 1, and this year's season should be another active one, according to forecasters at AccuWeather. AccuWeather predicts 16 to 20 named storms, including 6 to 8 hurricanes. Read More
Numerous Unusual Events Drove Industry's 2021 US Weather Losses
The United States experienced an extraordinary year for extreme weather in 2021, with insurance industry losses driven by a number of unusual events, according to a recent report from Gallagher Re. Other regions of the world suffered major storm losses as well, the intermediary reports. Read More