Reinsurers’ Appetite for Natural Catastrophe Risks Grows — But Discipline Remains September 5, 2024 By L.S. Howard Top reinsurers are showing increasing—but disciplined—appetite for natural catastrophe risks as a result of rising demand, better pricing, more favorable...
It’s a Matter of When, Not if, a Hurricane Will Hit Florida, Forecasters Say May 13, 2024 By Michael Schneider With the start of hurricane season less than a month away, U.S. officials who predict, prepare for and respond to...
Q1 Global Insured Natural Disaster Losses Driven by Severe Convective Storms: Aon May 1, 2024 By L.S. Howard Global natural catastrophes cost insurers $17 billion during the first quarter of 2024 with economic losses rising above $45 billion,...
Commercial Property Rates Not Expected to Increase at Same Pace as 2023: USI January 17, 2024 A new USI Insurance Services report forecasts that in 2024, commercial property insurance rates “are expected to increase, but not...
Munich Re: Quakes and Storms Cause $95 Billion in Insurance Losses in 2023 January 9, 2024 By Alexander Hübner and Tom Sims Earthquakes in Turkey and Syria, storms in the United States and other natural disasters caused an estimated $95 billion in...
Viewpoint: Disaster Reduction Requires Advance Plan and Discussion about Lessons Learned October 30, 2023 By Steven Andersen, John Dulude, and Bill Zoeller The need for comprehensive disaster risk management has never been more evident. In recent years, major storms, earthquakes, wildfires, tornados,...
The US Leads the World in Weather Catastrophes. Here’s Why April 3, 2023 By Seth Borenstein The United States is Earth’s punching bag for nasty weather. Blame geography for the U.S. getting hit by stronger, costlier,...
Natural Disasters Caused $313B Economic Loss in 2022 – Aon January 25, 2023 Natural disasters, many driven by climate change, caused global economic losses of $313 billion in 2022, insurance broker Aon estimated...
Climate Disasters Forcing Insurers to Rethink Low Premiums, Few Claims Model January 25, 2023 By Akshat Rathi When it comes to climate impacts, the frontline of the finance industry is insurance. Last year’s payout from damages caused...
Weary of Many Disasters? UN Says Worse to Come April 27, 2022 By Seth Borenstein A disaster-weary globe will be hit harder in the coming years by even more catastrophes colliding in an interconnected world,...