Catastrophe Risks

The National Oceanic and Atmospheric Administration (NOAA) has joined other forecasters in predicting another above-normal Atlantic hurricane season this year. NOAA projects a likely range of 13–20 named storms this year, of which 6–10 could become hurricanes, including 3–5 major hurricanes. Read More

Major US flood events could grow over the next 30 years, even as insurers and public policymakers improve their ability to reduce flood risks, according to a new paper from the Insurance Information Institute. Despite government efforts, the current approach to flood risk is insufficient, according to the paper. Read More

Another group of forecasters envisions an active 2021 Atlantic hurricane season, with researchers from North Carolina State University predicting 15 to 18 named storms. Of the named storms predicted, seven to nine may grow to hurricanes, the North Carolina State researchers said, versus the average number of six. Read More

CCRIF SPC has provided a $2.2 million grant to the government of St. Vincent and the Grenadines following the April 9, 2021, eruption of the La Soufriere volcano. CCRIF SPC said it believes that the grant will provide liquidity needed to support relief and recovery efforts in St. Vincent and the Grenadines. Read More

Another group of forecasters has predicted an above-normal 2021 Atlantic hurricane season, with scientists at Colorado State University indicating they expect this year's activity to exceed the 1981–2010 average. The Colorado State forecast includes 17 named storms with 8 hurricanes, 4 of which will be major hurricanes. Read More