Catastrophe Risks

Swiss Re Sets First-Half Catastrophe Insured Losses at $40 Billion

August 16, 2021

Estimated insured losses from natural catastrophes during the first half of 2021 reached $40 billion, according to the Swiss Re Institute. It was the second-highest first-half insured natural catastrophe loss on record, following 2011, Swiss Re said. Man-made disasters were responsible for another $2 billion in insured losses. Read More

Colorado State Researchers Decrease Hurricane Forecast Slightly

August 11, 2021

Researchers at Colorado State University have provided their latest update to their 2021 Atlantic hurricane season forecast, decreasing their forecast slightly. The updated forecast still calls for a slightly above-average 2021 season. The new forecast predicts 18 named storms this year, including 7 hurricanes. Read More

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