Catastrophe Risks

CCRIF SPC Provides $2.2 Million Grant To Assist Caribbean Volcano Recovery

April 23, 2021

CCRIF SPC has provided a $2.2 million grant to the government of St. Vincent and the Grenadines following the April 9, 2021, eruption of the La Soufriere volcano. CCRIF SPC said it believes that the grant will provide liquidity needed to support relief and recovery efforts in St. Vincent and the Grenadines. Read More

Colorado State Forecast Calls for Above-Average Hurricane Season

April 13, 2021

Another group of forecasters has predicted an above-normal 2021 Atlantic hurricane season, with scientists at Colorado State University indicating they expect this year's activity to exceed the 1981–2010 average. The Colorado State forecast includes 17 named storms with 8 hurricanes, 4 of which will be major hurricanes. Read More

Forecasters Predict Another Above-Average Atlantic Hurricane Season

April 9, 2021

Forecasters at AccuWeather are predicting another above-average North Atlantic hurricane season in 2021, though their forecast calls for a less active season than 2020's record season. AccuWeather's team predicts that this year's Atlantic hurricane season will see 16–20 named storms, of which 7–10 will be hurricanes. Read More

NOAA Upgrading Global Forecast System Weather Model

March 25, 2021

The National Oceanic and Atmospheric Administration (NOAA) is upgrading its Global Forecast System weather model to boost weather forecasting capabilities across the United States. According to NOAA, the upgrades will improve hurricane genesis forecasting, modeling for snowfall location, heavy rainfall forecasts, and overall model performance. Read More

RMS Releasing New Models To Help Businesses Understand Climate Risks

March 24, 2021

Catastrophe risk modeling firm RMS will launch a suite of climate change models to help users assess the impacts of climate change on physical assets and their businesses. While most RMS models already incorporate the impact of climate change, the new models go further with forward-looking predictive insights and analysis. Read More