Catastrophe Risks
Colorado State Researchers Decrease Hurricane Forecast Slightly
Researchers at Colorado State University have provided their latest update to their 2021 Atlantic hurricane season forecast, decreasing their forecast slightly. The updated forecast still calls for a slightly above-average 2021 season. The new forecast predicts 18 named storms this year, including 7 hurricanes. Read More
NOAA Increases Likely Named Storm Total in Updated 2021 Forecast
The US National Oceanic and Atmospheric Administration (NOAA) has issued an updated 2021 Atlantic hurricane season forecast, calling for 15 to 21 named storms, including 7 to 10 hurricanes. NOAA's latest forecast said 3 to 5 of those storms could become major hurricanes of Category 3 or greater. Read More
COVID-19 Pandemic Continues To Underscore the Need To Build Resilience
As businesses continue to recover from the impact of the COVID-19 pandemic, the experience has underscored the importance of risk readiness and risk resilience. An Aon survey found that post-pandemic, building a resilient workforce is a top priority, with many companies focusing on operational resilience and retaining key employees. Read More
CCRIF SPC Makes Its First 2021 Atlantic Hurricane Season Payouts
CCRIF SPC has made its first payouts of the 2021 Atlantic hurricane season following July's Hurricane Elsa. The facility made $2.5 million in payouts to the government of Barbados and $528,512 in payouts to the governments of Haiti, Saint Lucia, and Saint Vincent and the Grenadines. Read More
Modeling Firm Estimates German Flood Losses Could Reach €5 Billion
Insured losses from flooding in Germany this month could reach €5 billion, according to modeling firm AIR Worldwide. Read More