Catastrophe Risks

Modeler Projects 2022 Natural Catastrophe Losses Reaching $123 Billion

October 5, 2022

Catastrophes around the world are expected to cause $123 billion in insured losses this year, well above the average of $74 billion over the past 10 years, according to a new report from Verisk Extreme Event Solutions. Verisk notes that several factors contributed to the increase in losses. Read More

Length of Business Interruptions Will Influence Hurricane Fiona Losses

September 26, 2022

Insured losses from Hurricane Fiona in Puerto Rico and the Dominican Republic should be manageable for affected insurers but will be influenced by the duration of business interruptions due to power losses, according to A.M. Best. Read More

Updated Hurricane Forecast Projects High Chance of Serious Storms

August 25, 2022

AccuWeather has joined other forecasters in tempering its 2022 Atlantic hurricane season prediction, though its latest update still projects an active season with a high chance for significant storms making landfall on the US mainland. The forecaster now expects 16 named storms this season, including 6 to 8 hurricanes. Read More

First-Half Catastrophes Underscore Climate Change, Increased Exposures

August 24, 2022

Examining catastrophe losses during the first half of 2022, the world's two largest reinsurers both pointed to the growing influence of climate change, in addition to exposure growth in vulnerable areas and rates of insurance penetration in some of the most exposed regions of the world. Read More

Forecasters Continue To Predict Above-Average 2022 Hurricane Season

August 5, 2022

In their most recent updates to their 2022 Atlantic hurricane season forecasts, the US National Oceanic and Atmospheric Administration and researchers from Colorado State University continued to predict an above-average season. In the updates, both groups decreased their predictions for this year's hurricane season slightly. Read More