Aon plc, the London-based professional services firm, has launched an updated Thailand flood catastrophe model to improve understanding of this peril and help insurers build resilience for businesses and communities. Following the flood of 2011 that caused more than US$15 …
The monthly report for August from Aon Benfield’s Impact Forecasting catastrophe model development team cites the “severe drought conditions” in the western U.S. as resulting in “economic losses expected to reach at least $3.0 billion – mostly attributable to agricultural …
While catastrophic event models mainly focus on weather related events, the world also has to cope with catastrophic terrorist acts, particularly those caused by explosive devices placed in areas where they will cause the most damage and kill the most …
Over 30 years ago, Karen Clark produced the first catastrophe model – for hurricanes. Since then the use of these valuable tools has changed the face of the re/insurance industry. They are indispensable for the developed world in studying and …
Adam Podlaha, the head of Aon Benfield’s Impact Forecasting division, is responsible for overseeing the collection of the data and its implementation in creating the latest catastrophe and other models. He explained some of the developments in his field in …
The latest edition of Aon Benfield’s Impact Forecasting’s Global Catastrophe Recap report concludes that Super Typhoon Rammasun, which made separate landfalls in the Philippines and China, caused widespread damage, killing at least 206 people and injuring hundreds more. In the …
Aon Benfield’s Impact Forecasting’s latest edition of its monthly Global Catastrophe Recap report, Highlights the “multi-day outbreak of severe weather and flash flooding in the U.S.”, which, the report said, would “likely be the first billion-dollar economic loss event of …
