Aon Benfield report News

Severe Weather in U.S. in March to Cost Insurers $2 Billion: Aon

Four severe weather outbreaks in the U.S. throughout March led to extensive damage in the central and eastern parts of the country, costing the insurance industry in excess of US$2.0 billion, according to a report published by Impact Forecasting, Aon …

Louisiana Flooding to Cost Economy $10 Billion; 80% of Damaged Homes Uninsured

The total economic losses of the recent Louisiana floods will be in the range of $10-15 billion, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. Public and private insured losses were expected to be in the low-digit single …

May’s Global Disasters Generate $7 Billion in Claims: Aon

Global disasters led to at least $7 billion in claims during May as insurers aid the recovery process following wildfires, floods, and storms, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. An historic wildfire caused catastrophic damage in …

Insurers Face $1B Payout From February Storms

February storms in the U.S. are expected to cost insurers more than $1 billion, according to the latest Global Catastrophe Recap from Aon Benfield’s Impact Forecasting. Five separate storm systems hit the U.S. during the month, bringing heavy snow, frigid …

Hail Causes Significant Damage According to June Aon Global Cat Report

The Global Catastrophe Recap report for June from Aon Benfield’s Impact Forecasting highlights the outbreak of severe thunderstorms that affected Western and Central Europe during the first half of the month, causing significant hail damage in parts of Germany, France …

April Catastrophes Included Earthquakes in China, Iran; Hail, Floods in U.S.: Aon

An earthquake in China and two in Iran dominated global catastrophes in April. Additional earthquakes were recorded in Japan, Afghanistan and Hungary during the month. Parts of the U.S. suffered severe hail and flooding damage during April, although there were …

Reinsurance Industry Exhibits Stability According to Report

In the past 12 years, only eight reinsurers have been declared insolvent despite paying claims of more than $150 billion from events including the World Trade Center attacks, hurricanes Rita, Wilma and Katrina, the Great Tohoku earthquake, and the Thailand …