Catastrophe Risks

April Saw Early Wildfire Season, Numerous Tornadoes, Western Drought

May 12, 2022

While April was a bit cooler and wetter than usual across the contiguous United States, the month was marked by an early start to wildfire season, several tornado outbreaks, and a widespread drought in the western United States, according to the US National Oceanic and Atmospheric Administration. Read More

North Carolina State Researchers Predict Active Hurricane Season

April 26, 2022

Researchers at North Carolina State University have joined other forecasters in predicting an active Atlantic hurricane season this year. According to the North Carolina State forecast, this year's hurricane season—which runs from June 1 to November 30—will see 17 to 21 named storms forming over the Atlantic basin. Read More

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