Catastrophe Risks

Colorado State Researchers Update 2020 Atlantic Hurricane Forecast

July 10, 2020

Researchers at Colorado State University have updated their 2020 Atlantic hurricane season forecast, increasing their projection for named storms this season by 1 to a total of 20. The Colorado State team forecast continues to project 9 hurricanes this season, including 4 major hurricanes of Category 3 or greater. Read More

Global Insurance Premium Volume To Recover Sharply in 2021: Report

July 10, 2020

After a sharp decrease in demand for insurance this year due to the impact of the COVID-19 pandemic, the insurance industry's premium volume will recover to prepandemic levels in 2021, according to a new Sigma Report,from the Swiss Re Institute. Read More

COVID-19 Adding to the Challenges Facing Florida Property Insurers

July 9, 2020

COVID-19 is adding to the challenges of Florida property insurers, who were already dealing with higher reinsurance pricing and social inflation. Read More

Lloyd's Offers Framework for Covering Pandemics, Systemic Catastrophes

July 2, 2020

Lloyd's of London has proposed potential solutions for business interruptions resulting from government-ordered shutdowns due to pandemics or other crises, including open-source frameworks for addressing systemic catastrophic events. The solutions and frameworks include two frameworks that would require government/(re)insurance industry partnerships. Read More

COVID-19 Pandemic Could Contribute to Record Catastrophe Losses

June 30, 2020

Guy Carpenter said the COVID-19 pandemic looks to rank among the insurance and reinsurance sector's most expensive events, contributing to total 2020 catastrophe losses ranging from $100 billion up to $160 billion. The pandemic also could be one of the slowest developing catastrophes insurers and reinsurers have experienced. Read More