Catastrophe Risks
US Flood Risks Are Increasing but Can Be Reduced, New Paper Suggests
Major US flood events could grow over the next 30 years, even as insurers and public policymakers improve their ability to reduce flood risks, according to a new paper from the Insurance Information Institute. Despite government efforts, the current approach to flood risk is insufficient, according to the paper. Learn More
More Researchers Predict an Active 2021 Atlantic Hurricane Season
Another group of forecasters envisions an active 2021 Atlantic hurricane season, with researchers from North Carolina State University predicting 15 to 18 named storms. Of the named storms predicted, seven to nine may grow to hurricanes, the North Carolina State researchers said, versus the average number of six. Learn More
CCRIF SPC Provides $2.2 Million Grant To Assist Caribbean Volcano Recovery
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
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
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
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
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