Western Europe Braces for Worst Storm of Season With Hurricane-Strength Wind Gusts October 31, 2023 By Anna Shiryaevskaya and Brian K. Sullivan Western Europe is bracing for the worst storm so far this season with hurricane-strength wind gusts and rain potentially disrupting...
Otis Likely to Be One of Costliest Hurricanes for Mexico Insurance Market: Gallagher Re October 30, 2023 Hurricane Otis is expected to be one of the costliest natural catastrophe events in Mexico’s history with initial economic losses...
Acapulco’s Economic Losses Seen at $15 Billion as Hurricane Otis Death Toll Rises October 26, 2023 By Andrea Navarro Hurricane Otis left a trail of destruction in Acapulco after tearing into the historic Mexican beach town with wind speeds...
Hurricane Otis Makes Landfall Near Acapulco as Category 5 Storm October 25, 2023 By Brian K. Sullivan Hurricane Otis made landfall near the tourist hotspot of Acapulco on Mexico’s Pacific Coast as a deadly Category 5 hurricane...
Catastrophe Bond Market Headed for Major Surge in Issuance October 25, 2023 By Gautam Naik The market for catastrophe bonds is one of this year’s best-performing debt classes. It’s also about to see a significant...
Pacific and Atlantic Hurricanes Norma and Tammy Hit Mexico and Barbuda October 23, 2023 By Ignacio Martínez and Fernando Llano Hurricane Norma came ashore near the Pacific resort of Los Cabos at the southern tip of Mexico’s Baja California Peninsula...
Insured Losses From Severe Convective Storms in US Top $50B for 1st Time: Aon October 20, 2023 By L.S. Howard Insured losses from severe convective storms in the United States continued to increase during the third quarter, surpassing the $50...
Storm Babet Hammers Scotland With Warnings of Risk to Life, Flooding October 20, 2023 By Todd Gillespie and Lars Paulsson The UK’s Met Office warned of the possibility of severe flooding and loss of life in the northern part of...
Storm Babet Sparks Red Alert as Scotland Braces for Flooding October 19, 2023 By Ellie Harmsworth Storm Babet has triggered a red alert in Scotland as exceptional rainfall and flooding pose a “danger to life,” according...
Global Economic Losses From Extreme Weather Could Hit $5 Trillion: Lloyd’s October 11, 2023 Global economic losses could reach $5 trillion under a “plausible increase” in extreme weather events linked to climate change that...