Catastrophe Risks

A Kroll Bond Rating Agency (KBRA) research report finds that not only was the 2017 Atlantic hurricane season the costliest ever, but 2017 will likely have the highest insured catastrophe losses in US history. Insured losses from Hurricanes Harvey, Irma, and Maria alone are likely to be approximately $100 billion. Read More

The Federal Emergency Management Agency (FEMA) will use AIR Worldwide's Inland Flood and Storm Surge Models for the United States to better understand the National Flood Insurance Program's (NFIP's) loss potential to help evaluate actuarially sound rates and assess the impacts of major flooding events in real time. Read More

The Federal Emergency Management Agency (FEMA) has selected Milliman, Inc., to provide actuarial consulting services to redesign flood insurance products across the National Flood Insurance Program (NFIP). Milliman will provide state-of-the-art tools, technology, and analysis to FEMA in order to design a new rating plan for NFIP policies nationwide. Read More

Resilience Economics Ltd., a corporate finance advisory firm focused on climate risk, has been launched to use advanced data science to structure new and innovative climate risk capital solutions for prominent institutions and governments around the world. Read More

Catastrophe modeling firm AIR Worldwide estimates that industry insured losses from the Tubbs, Pocket, Nuns, Atlas, Redwood, and Sulphur fires in California will be between $2 billion and $3 billion. AIR's loss estimates capture residential, mobile home, commercial, and automobile losses, as well as direct business interruption losses. Read More