Natural disasters in 2022 brought global economic losses of US$275 billion, of which insurance covered 45%, or US$125 billion, according to Swiss Re’s latest sigma report. Claims from Hurricane Ian in Florida, record breaking losses from hailstorms in France, floods …
University of Adelaide researchers are devising new methods to more accurately estimate long-term flood risk across Australia. The researchers are examining the possible causes of floods and how they interact with each other. This information is being used to create …
Torrential monsoonal rains prompted severe flooding throughout the Indonesian capital of Jakarta, killing at least 41 people, according to Impact Forecasting, the catastrophe model development center at Aon Benfield, the global reinsurance intermediary and capital advisor of Aon. Government officials …
The Insurance Council of Australia has declared widespread areas of New South Wales and Victoria a formal catastrophe zone. The declaration covers the NSW Riverina, NSW Central West and northern Victoria, where a number of communities have been inundated, forcing …