Catastrophe Risks

NOAA Increases Likely Named Storm Total in Updated 2021 Forecast

August 5, 2021

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

August 2, 2021

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

August 2, 2021

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

July 30, 2021

Insured losses from flooding in Germany this month could reach €5 billion, according to modeling firm AIR Worldwide. Read More

Global First-Half Disaster Losses Slightly Below 21st Century Average

July 27, 2021

Global natural disaster losses during the first half of 2021 were slightly below average, compared to 10-year and twenty-first century averages, according to a new report from Aon. The Aon report notes, however, that the year's first-half disaster losses were above a longer-term average from 1980 to 2020. Read More