Catastrophe Risks

United States Hit by 15 Billion-Dollar Weather and Climate Disasters this Year

October 17, 2022

The United States experienced 15 separate billion-dollar weather and climate disasters during the first 9 months of 2022, according to the National Oceanic and Atmospheric Administration National Centers for Environmental Information. Six of the weather and climate disasters occurred during the year's third quarter. Read More

Risk Modeling Firm Says Hurricane Ian Losses Could Reach $74 Billion

October 11, 2022

Risk modeling firm RMS has estimated total private market insured losses from Hurricane Ian to be between $53 billion and $74 billion, with a best estimate of $67 billion. In addition, the National Flood Insurance Program (NFIP) could see $10 billion in losses. Read More

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