Catastrophe Risks

For Insurers, 2022 Was Fifth-Costliest Catastrophe Year on Record

January 30, 2023

While global economic losses from 2022's natural catastrophes are 4 percent above the 21st century average at $313 billion, the $132 billion in insured losses from those catastrophes is 57 percent above the 21st century average, according to Aon. Read More

Global Insured Natural Disaster Losses Reached $120 Billion in 2022

January 11, 2023

Insured losses from natural disasters reached $120 billion in 2022, according to an assessment from Munich Re, while total natural disaster costs reached an estimated $270 billion last year. Total disaster losses were down from the $320 billion experienced in 2021 but continued a run of large loss years. Read More

Risk Modeler Estimates Winter Storm Elliott Losses at $5.4 Billion

January 3, 2023

Insured losses related to Winter Storm Elliott will reach $5.4 billion across 42 states, according to analysis by risk modeling firm Karen Clark & Company (KCC). Commercial losses are expected to account for half of all insured losses from the storm, KCC said. Read More

2022 Atlantic Hurricane Season Was Near Average by Most Measures

December 7, 2022

In their summary of the 2022 Atlantic hurricane season, researchers at Colorado State University noted that this year's season was a near-average season by most metrics, with slightly below-average levels of accumulated cyclone energy. The season's most significant continental US storm was September's Hurricane Ian. Read More

2022's Insured Natural Catastrophe Losses Reach $115 Billion

December 6, 2022

This year's natural catastrophe insured losses have reached $115 billion, well above the 10-year average of $81 billion, according to Swiss Re. This year is the second consecutive year in which estimated catastrophe insured losses exceeded $100 billion, the reinsurer said. Read More