Catastrophe Risks

First-Quarter Insured Natural Catastrophe Losses To Top $14 Billion

April 18, 2022

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

April 13, 2022

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

April 6, 2022

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

April 5, 2022

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

February 28, 2022

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