Catastrophe Risks

2022 Atlantic Hurricane Season Was Near Average by Most Measures

December 7, 2022

In their summary of the 2022 Atlantic hurricane season, researchers at Colorado State University noted that this year's season was a near-average season by most metrics, with slightly below-average levels of accumulated cyclone energy. The season's most significant continental US storm was September's Hurricane Ian. Read More

2022's Insured Natural Catastrophe Losses Reach $115 Billion

December 6, 2022

This year's natural catastrophe insured losses have reached $115 billion, well above the 10-year average of $81 billion, according to Swiss Re. This year is the second consecutive year in which estimated catastrophe insured losses exceeded $100 billion, the reinsurer said. Read More

2022 Hurricane Season Saw 14 Storms, $65 Billion in Insured Losses

December 2, 2022

While the 2022 Atlantic hurricane season produced fewer storms than anticipated, it resulted in $110 billion in losses, of which $65 billion were insured, according to Munich Re. The 2022 hurricane season saw 14 named storms, with 8 hurricanes, including 2 severe hurricanes of Category 3 or greater. Read More

Estimate Sets Hurricane Nicole Insured Losses at Less Than $2 Billion

November 18, 2022

Total private market US insured losses from Hurricane Nicole will be less than $2 billion, with the best estimate of $1.6 billion, according to risk modeling firm RMS. The RMS estimate represents insured losses resulting from wind, storm surge, and precipitation-induced flooding. Read More

October Ranked as the Fourth-Warmest October on Record: NOAA

November 16, 2022

October ranked as the fourth-warmest October in 143 years, according to the US National Oceanic and Atmospheric Administration (NOAA). The Northern Hemisphere experienced its second-warmest October, just behind October 2015. Meanwhile, Europe saw its warmest October on record. Read More