Catastrophe Risks

Connecticut's captive insurance model, designed to address a homeowners' crisis, could offer California a solution for its wildfire-driven insurance challenges. Michael Maglaras highlights how a public-private partnership and efficient resource allocation can create a scalable, adaptable insurance framework to tackle climate-related risks and improve market stability for homeowners. Read More

Fitch Ratings projects Los Angeles wildfires may consume 30 percent of European reinsurers' 2025 catastrophe budgets, with insured losses estimated at $25–$45 billion. Despite financial strain, reinsurers' strong capital positions and diversified risks minimize material impact. Fitch expects tempered rate declines with significant increases limited to high-risk regions like California. Read More

The Federal Emergency Management Agency (FEMA) transfers $757.835 million in flood risk to private reinsurers, expanding coverage with 27 companies. Total National Flood Insurance Program risk transfer now reaches $2.058 billion. Read More

Munich Re reports $140 billion in insured losses from 2024 natural disasters, including hurricanes Helene and Milton. Rising losses underscore climate change's impact. Read More

For the fifth consecutive year, insured losses resulting from natural catastrophes have exceeded $100 billion, according to the Swiss Re Institute. Losses in the United States represent at least two-thirds of this year's global insured losses of more than $135 billion as of current estimates. Read More