Extreme Weather Sends Insured Losses 70% Above Historical Norms July 31, 2024 By Stephan Kahl Natural catastrophes caused about $62 billion of insured losses in the first half of 2024 — roughly 70% above the...
Report: Insured Losses from Beryl in Jamaica and Caymans $400M-$700M; Mexico’s Yucatan Less Than $1B July 5, 2024 Insurable losses from Hurricane Beryl across Jamaica and the Cayman Islands will be between $400 million and $700 million, while...
Report: Hurricane Beryl May Generate $1B-$1.5B in Insured Losses Across Windward Islands July 1, 2024 Between $1 billion and $1.5 billion insurable losses may be seen across the Windward Islands from Hurricane Beryl, according to...
Wildfire Threats Make Utilities Uninsurable in U.S. West June 24, 2024 By Mark Chediak Trinity Public Utilities District’s power lines snake through the lower reaches of the Cascade Range, a rugged, remote and densely...
Swiss Re: Frequency and Severity of Strikes, Riots and Civil Commotion Losses on the Rise June 6, 2024 A new report shows a dramatic increase in strikes, riots and civil commotion in the past two decades from 2000...
AccuWeather: Record Warm Winter Costs Businesses Billions in Losses April 18, 2024 Unseasonably warm winter weather cost businesses and event planners in the northern Plains and upper Midwest billions of dollars in...
Feds Announce Another $100M for Collaborative Wildfire Risk Reduction Program February 23, 2024 The federal government announced that additional $100 million of Inflation Reduction Act funding will be allocated toward 21 high-risk landscapes...
Storm Henk Causes Around 150M Pounds in UK Insured Losses January 10, 2024 By Carolyn Cohn and Simon Jessop LONDON — Storm Henk, which battered Britain last week, caused around 150 million pounds ($190 million) in insured losses and...
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...
Insured Loss Estimates from Japan Earthquake Range from $1B to $6.4B January 8, 2024 Insured losses from the devastating earthquake in Japan could reach $6.4 billion, according to an estimate from U.S.-based catastrophe modeling...