Hurricane Ian and other natural catastrophes, such as European winter storms, floods in Australia and hailstorms in France and the U.S., have cost global insurers an estimated $115 billion so far this year, according to a report published by Swiss …
Lloyd’s announced that the market’s claims from Hurricane Ian are estimated to be in the range of US$2.3 billion – US$3 billion, net of reinsurance, based on Q3 data provided by Lloyd’s syndicates. Lloyd’s estimates its net market share of …
Tropical Storm Lisa has spun up in the Caribbean Sea south of Jamaica, on track to strike Belize late Wednesday as the 12th storm of this year’s Atlantic hurricane season. Lisa’s top winds have reached 40 miles (64 kilometers) per …
Human-induced climate change, long denied by some elected officials in the states pounded by Hurricane Ian, made the storm’s most extreme rainfall about 10% worse than it would have been without two centuries of greenhouse gas pollution, according to a …
Investors who backstop Florida’s insurance industry by buying catastrophe bonds are girding for substantial losses from Hurricane Ian, threatening to crimp a key source of capital for the sector and push up insurance costs for residents. Ian’s landfall hammered Florida …
Fiona, the most powerful storm of this year’s Atlantic hurricane season, roared ashore in eastern Nova Scotia early Saturday as one of the strongest systems ever to hit the region, knocking out power, toppling trees and forcing residents to flee. …
After lashing Bermuda, Hurricane Fiona is racing north toward Eastern Canada, threatening to become the most powerful storm ever to hit the region. A second system, meanwhile, is developing in the Caribbean and may strike Cuba and Florida early next …
Hurricane Fiona has intensified to become this year’s strongest Atlantic storm as it moves north to threaten Bermuda and eastern Canada later this week. Fiona’s top winds remain at 130 miles (209 kilometers) per hour, according to a U.S. National …
The odds of La Niña hanging around for a few more months are climbing, bolstering chances of more storms as the Atlantic hurricane season reaches its peak. There’s an 80% chance the waters across the equatorial Pacific Ocean will stay …
La Nina will probably stick around for at least several more months, potentially leading to more hurricanes and tropical storms across the Atlantic during the heart of the season. There’s now a 62% chance of cool waters across the equatorial …
