Catastrophe Risks

FEMA Expands Reinsurance Program To Manage 2025 Flood Risk

January 23, 2025

The Federal Emergency Management Agency (FEMA) transfers $757.835 million in flood risk to private reinsurers, expanding coverage with 27 companies. Total National Flood Insurance Program risk transfer now reaches $2.058 billion. Read More


Natural Disasters in 2024: A Loss-Heavy Year for the Insurance Market

January 10, 2025

Munich Re reports $140 billion in insured losses from 2024 natural disasters, including hurricanes Helene and Milton. Rising losses underscore climate change's impact. Read More


2024 Insured Natural Catastrophes Losses Expected To Top $135 Billion

December 6, 2024

For the fifth consecutive year, insured losses resulting from natural catastrophes have exceeded $100 billion, according to the Swiss Re Institute. Losses in the United States represent at least two-thirds of this year's global insured losses of more than $135 billion as of current estimates. Read More


2024 Atlantic Hurricane Season Sees Predicted High Level of Activity

December 4, 2024

The 2024 Atlantic hurricane season ended November 30 with a high level of activity that fell within the predicted range, according to the US National Oceanic and Atmospheric Administration (NOAA). The Atlantic basin saw 18 named storms in 2024, 11 of which were hurricanes with 5 intensifying to major hurricanes. Read More


Exploring Parametric Innovations in the Captive Market: Insights from the Bermuda Captive Conference

November 11, 2024

In a Bermuda Captive Conference presentation, Greg Fears of Pinnacle Actuarial highlighted parametric insurance's role in the captive market. By using predefined triggers, captives can provide faster payouts, address unique risks, and bridge protection gaps in traditional insurance, benefiting sectors with diverse needs, from agriculture to pandemic-related business interruption. Read More