natural catastrophe losses News
Chubb CEO Greenberg: More Than Climate Change Drives Climb in Natural Catastrophe Insured Losses
Chubb, like all P/C insurers, is seeing regular spikes in commercial and personal property insured losses due to increasingly costly natural catastrophes. Chubb Chairman and CEO Evan Greenberg said ...
Reinsurer Natural Catastrophe Losses Will Surpass Budget Expectations for the 5th Consecutive Year
For the fifth year in a row, insured losses from natural catastrophes are shaping up to be at or above reinsurers' budget expectations. But the sector can handle the pressure due to "very strong ...
Hurricane Ida Will be Historically Costly – One for the Record Books
Hurricane Ida will likely become one of the costliest U.S. mainland hurricanes on record both on a nominal and inflation-adjusted basis, according to Aon's monthly Global Catastrophe Recap report, ...
At $42B, Natural Disaster H1 Insured Losses Reach 10-Year High: Aon
Insured losses from natural disasters hit a 10-year high of $42 billion in the first half of 2021, with the biggest loss related to extreme cold in the United States in February, insurance broker Aon ...
February Polar Vortex Led to Record U.S. Winter Weather Economic Losses: Aon
Blame the Polar Vortex and the resulting drastic U.S. winter weather for generating record direct economic losses and more carrier headaches. Direct economic losses from those Polar Vortex-driven ...
Q3 Natural Catastrophe Losses Bearable Even as COVID-19 Hits Keep Growing: Fitch
As the U.S. P/C Industry gears up for 2020 third quarter earnings disclosures, indicators point to an elevated number of natural catastrophe losses, Fitch Ratings said in a new market update. Fitch ...
H1 Global Natural Catastrophe Losses Reach Stinging Levels: Munich Re and Aon
Munich Re and Aon both issued reports this week on the economic and insurance costs of global natural catastrophes during the first half, which varied in magnitude by $7 billion. While Munich Re ...
Chubb Estimates $585M in Q4 Pretax Cat Losses
Chubb disclosed an estimated $585 million in net catastrophe pretax losses for the 2018 fourth quarter, stemming mostly from storms and wildfires. After tax, those catastrophe losses totaled $505 ...