The U.S. was hit by the most January tornadoes in 18 years, in a month when extreme weather caused 27 deaths and more than $1 billion in economic losses, according to a risk modeler. Insured losses from the natural disasters …
Global disasters lead to at least $7 billion in claims as insurers aid the recovery process following May wildfires, floods and storms, according to the latest Impact Forecasting report. Aon Benfield’s catastrophe model development team released the latest edition of …
Impact Forecasting, Aon Benfield’s catastrophe model development team, has launched its U.S. severe thunderstorm (STS) scenario model to help insurers more accurately estimate annual losses based on historical data. Aon Benfield is the global reinsurance intermediary and capital advisor of …
A new report reveals that as a result of severe drought conditions in the western U.S. total economic losses are expected to reach $3 billion – mostly attributable to agricultural damage in California. Several Caribbean and Central American nations issued …
China’s monsoon losses approached $4 billion and the U.S. sustained nearly $500M in insured losses as a result of severe storms in June, according to Impact Forecasting’s latest edition of its monthly Global Catastrophe Recap report. The report evaluates the …
Insured losses due to natural catastrophes down 38 percent in 2014, according Impact Forecasting, Aon Benfield’s catastrophe model development team. The Annual Global Climate and Catastrophe Report, released this week, evaluates the impact of the natural disaster events that occurred …
The latest edition of the monthly Global Catastrophe Recap, released by Impact Forecasting, report reveals that Super Typhoon Rammasun caused more than $6.5 billion in economic damage. The storm, which made separate landfalls in the Philippines and China, caused widespread …
Insured losses from global natural disasters during the six-month period ending June 30, 2014 reached $22 billion. That compares to $27 billion in the first half of 2013 and is approximately 19 percent below the 10-year average of $27 billion, …
The various winter storms that brought snow and bitter cold to the United States in January took more than 50 lives and are expected to result in direct economic losses of about $3.5 billion and insured losses of more than …
In 2013, there were 296 separate natural disaster events that produced total economic losses of $192 billion – four percent below the 10-year average of $200 billion, but above the average 259 events, according to a report by global reinsurance …