U.S. Raises Average Number of Named Storms for Atlantic Hurricane Season April 12, 2021 The U.S. National Oceanic and Atmospheric Administration (NOAA) has changed the number of storms that constitute an average Atlantic hurricane...
Despite Challenges, New Year Will Bring Strong, Stable Industry: Hartwig November 4, 2020 By Robert Hartwig Despite a year of unprecedented challenges and uncertainty and a halting global economic recovery, the insurance industry remains strong, stable,...
A&M Study: Texas’ Future Depends on Climate Preparedness March 6, 2020 By Kiah Collier, The Texas Tribune Texans should expect warmer weather, more wildfires and urban flooding, and increased impact from hurricanes through 2036 thanks to climate...
Hurricane Dorian’s Bahamas Storm Toll: $3.4 Billion in Damages, 3 Years of Rebuilding January 17, 2020 By Ezra Fieser The Bahamas may need to tap international debt markets as it confronts the steep cost of recovering from the most...
Typhoon Hagibis to Cost Japan’s Economy $10B, with Insured Losses in Billions: Aon November 8, 2019 Typhoon Hagibis is likely to become one of 2019’s costliest events, with economic costs of more than US$10 billion and...
RenaissanceRe Estimates Third Quarter Natural Catastrophe Losses of $155 Million October 16, 2019 RenaissanceRe Holdings Ltd. announced it estimates losses from third quarter 2019 catastrophe events will have an estimated net negative impact...
Everest Re Group Estimates Q3 Catastrophe Losses of $280 Million October 16, 2019 Everest Re Group Ltd. announced a preliminary pre-tax catastrophe loss estimate for the third quarter of 2019 in the amount...
Hurricane Dorian Ties as Strongest Landfalling Atlantic Hurricane on Record: Aon October 14, 2019 Hurricane Dorian made landfalls in the Bahamas, North Carolina, and Canada in early September, bringing total economic and insured losses...
Hurricane Lorenzo Lashes Azores, Causing Minor Damage, with Ireland as Next Stop October 3, 2019 By Barry Hatton Hurricane Lorenzo powered across the Atlantic Ocean on Wednesday, lashing the Azores Islands with heavy rains, powerful winds and high...
Update: Hurricane Lorenzo Loses Power but Swells in Size as It Heads Toward Ireland October 2, 2019 By Brian K. Sullivan Hurricane Lorenzo, the largest storm ever to roam the Eastern Atlantic, is forecast to strike the heart of Ireland’s west...