Catastrophe Risks

Cyber Insurance, TRIP Might Fall Short in Infrastructure Attacks

June 30, 2022

Cyber attacks targeting critical infrastructure like utilities or financial services could result in catastrophic financial losses that cyber insurance and the federal Terrorism Risk Insurance Program (TRIP) might be unable to cover, according to a new report from the US Government Accountability Office. Read More

US Insurers' Capital Levels Sufficient To Withstand Hurricane Season

June 13, 2022

While current economic conditions present challenges to US property-casualty insurers in terms of addressing hurricane losses, their existing capital is sufficient to withstand this year's hurricane season, according to Fitch Ratings. Numerous forecasters have predicted another above-average hurricane season this year. Read More

Updated Colorado State Hurricane Forecast Raises Storm Prediction

June 9, 2022

Researchers at Colorado State University have updated their 2022 Atlantic hurricane season forecast and are now forecasting a "well-above-average" season. The latest forecast calls for 20 named storms, including 10 hurricanes, 5 of which are expected to be major hurricanes. Read More

NOAA Forecasters Predict Above-Average Atlantic Hurricane Season

May 27, 2022

Forecasters at the US National Oceanic and Atmospheric Administration (NOAA) have joined others in predicting an above-average Atlantic hurricane season this year. For the 2022 hurricane season, NOAA is forecasting a likely range of 14–21 named storms, of which 6–10 could become hurricanes. Read More

April Saw Early Wildfire Season, Numerous Tornadoes, Western Drought

May 12, 2022

While April was a bit cooler and wetter than usual across the contiguous United States, the month was marked by an early start to wildfire season, several tornado outbreaks, and a widespread drought in the western United States, according to the US National Oceanic and Atmospheric Administration. Read More