Catastrophe Risks

The US property insurance market is accumulating cyber risk to the extent that a 1-in-100-year loss could result in $12.5 billion in nonphysical damage losses, according to a new report. The report is based on a study by insurance industry cyber-risk analytics firm CyberCube, A.M. Best, and Aon. Read More

A La Niña has developed and will extend through a second winter in a row, potentially influencing the remainder of this year's Atlantic hurricane season and winter weather in the United States and Canada, according to the Climate Prediction Center of the National Oceanic and Atmospheric Administration (NOAA). Read More

The United States saw 18 separate billion-dollar weather and climate disasters during the first 9 months of 2021, according to the National Oceanic and Atmospheric Administration's National Centers for Environmental Information. This year is also a record 7th consecutive year in which the United States experienced 10 or more billion-dollar disasters. Read More

Swiss Re has estimated total reinsured losses from Hurricane Ida at $28 billion to $30 billion, with its losses estimated at approximately $750 million. Hurricane IDA was the second-most intense hurricane on record to hit Louisiana and also caused extensive wind and flood damage across the Eastern and Mid-Atlantic United States. Read More

Risk modeling firm Karen Clark & Company has released a high-resolution US wildfire model that can be used to develop underwriting and pricing strategies that account for the impacts of climate change. The model captures the potential impact of climate change on the frequency and severity of wildfires. Read More