Catastrophe Risks

Year's First Half Saw Numerous Disasters, Above-Average Insured Losses

July 27, 2022

The first half of 2022 saw large-scale disasters on nearly every continent that produced above-average insured losses, according to a new report from Aon. While the year's first 6 months saw numerous significant disasters, global economic losses from natural disasters during the period were below the 21st-century average. Read More

Researchers Continue To Forecast Well Above Average Hurricane Season

July 8, 2022

In the latest update to their 2022 Atlantic hurricane season forecast, researchers from Colorado State University continue to predict a well above average hurricane season. The forecast is largely unchanged from the June Colorado State update, calling for 20 named storms with 10 hurricanes, including 5 major hurricanes. Read More

Cyber Insurance, TRIP Might Fall Short in Infrastructure Attacks

June 30, 2022

Cyber attacks targeting critical infrastructure like utilities or financial services could result in catastrophic financial losses that cyber insurance and the federal Terrorism Risk Insurance Program (TRIP) might be unable to cover, according to a new report from the US Government Accountability Office. Read More

US Insurers' Capital Levels Sufficient To Withstand Hurricane Season

June 13, 2022

While current economic conditions present challenges to US property-casualty insurers in terms of addressing hurricane losses, their existing capital is sufficient to withstand this year's hurricane season, according to Fitch Ratings. Numerous forecasters have predicted another above-average hurricane season this year. Read More

Updated Colorado State Hurricane Forecast Raises Storm Prediction

June 9, 2022

Researchers at Colorado State University have updated their 2022 Atlantic hurricane season forecast and are now forecasting a "well-above-average" season. The latest forecast calls for 20 named storms, including 10 hurricanes, 5 of which are expected to be major hurricanes. Read More