Catastrophe Risks

For US Property and Casualty Insurers, COVID-19's Impact Remains Uncertain

July 24, 2020

The COVID-19 pandemic's impact on insurers' financial statements will likely be more pronounced in the second quarter than it was in first-quarter results, according to S&P Global Ratings. The infection rate and deaths related to COVID-19 grew significantly in the second quarter, and business shutdowns were also more pronounced. Read More

Risk Modeler AIR Worldwide Updates US Hurricane, Inland Flood Model

July 23, 2020

Catastrophe risk modeling firm AIR Worldwide (AIR) has updated its hurricane and inland flood models for the United States. The updates will help insurers and reinsurers enhance their risk management and provide a comprehensive view of flood risk across the US, AIR said. Read More

Second Wave of COVID-19 Could Challenge Insurers' Resilience: S&P

July 14, 2020

Insurers' and reinsurers' ratings have proven resilient during the first wave of the COVID-19 pandemic, largely as a result of their capital strength, according to S&P Global Ratings, though a second wave of COVID-19 could prove challenging. Those capital buffers will be eroded through the second half of the year. Read More

Colorado State Researchers Update 2020 Atlantic Hurricane Forecast

July 10, 2020

Researchers at Colorado State University have updated their 2020 Atlantic hurricane season forecast, increasing their projection for named storms this season by 1 to a total of 20. The Colorado State team forecast continues to project 9 hurricanes this season, including 4 major hurricanes of Category 3 or greater. Read More

Global Insurance Premium Volume To Recover Sharply in 2021: Report

July 10, 2020

After a sharp decrease in demand for insurance this year due to the impact of the COVID-19 pandemic, the insurance industry's premium volume will recover to prepandemic levels in 2021, according to a new Sigma Report,from the Swiss Re Institute. Read More