Non-peak (secondary) perils and record-setting weather and climate events drove global insured losses from natural catastrophes to an estimated $123 billion in 2023, the fourth consecutive year to exceed $100 billion, according to Gallagher Re’s annual Natural Catastrophe and Climate …
Natural catastrophes in 2023 caused global economic losses of US$250 billion, with insurers and reinsurers paying US$95 billion of that amount, according to Munich Re. Last year’s insured losses of US$95 billion are close to the five-year average of US$105 …
If you’re having trouble wrapping your mind around the spree of natural catastrophes currently plaguing the world—from deadly July floods in Germany and China to the wildfires still burning in Greece, California and Siberia —you may be interested to know …
Baseball-sized hail pummeled homes and cars in Nebraska and Iowa on June 2 as powerful thunderstorms moved through a swath of Midwest states, also causing severe flooding and prompting reports of tornadoes. The National Weather Service said reports of extensive …
Pennsylvania’s insurance department said last Friday it has taken steps to help consumers after a hail storm caused widespread damage in communities in eastern Pennsylvania. The department said it will allow out-of-state appraisers to be used to help speed property …
Recent hail storms on both sides of South Dakota were some of the worst in years, according to meteorologists and insurance officials. A Saturday night storm caused heavy damage to trees, homes and cars in Sioux Falls, and was one …
