natural catastrophes News
AI Is the Biggest Mover on Allianz Risk Barometer; Cyber Takes Top Spot for Fifth Year
Cyber once again ranked as the top global risk in 2026, according to the latest Allianz Risk Barometer, coming in No. 1 in every region and across all company ...
A Third of Americans Haven’t Prepared Financially for a Natural Disaster: Survey
A recent survey conducted by The Harris Poll on behalf of the American Institute of CPAs (AICPA) found that many Americans are financially unprepared for a natural disaster. Nearly one-third (32 ...
Cyber, Business Interruption, Natural Disasters Listed as Top 3 Business Risks: Allianz
Cyber, business interruption and natural catastrophes are the top three risks that concern global businesses, according to the Allianz Risk Barometer 2025. Cyber incidents, such as ransomware ...
Will California’s FAIR Plan Have Enough Cash for Its Wildfire Claims?
There has been some question about whether California's insurer of last resort – the FAIR Plan – has enough cash on hand to pay for its share of wildfire claims. As surplus is inadequate and ...
Significant But ‘Manageable’ Insurance Losses Expected From LA Fires: S&P
Insurers are facing significant losses from the catastrophic Los Angeles wildfires—given the high value of homes and businesses in the affected communities. However, those losses are likely to be ...
Results Too Good? Swiss Re Boosts Reserves ~$1B Amid Surprises
Lower than expected catastrophe losses in the second quarter helped fuel nearly $1 billion in net profit for Swiss Re during the period, and a 16 percent jump in profit to $2.1 billion for the first ...
Poll: More Americans Blame Climate Change for Extreme Weather
Kathleen Maxwell has lived in Phoenix for more than 20 years, but this summer was the first time she felt fear, as daily high temperatures soared to 110 degrees or hotter and kept it up for a ...
AM Best: Only Two Impaired Insurers in ’22, Down From 10 in ’21
Despite the reversal seen in the U.S. equity market and rising inflation and interest rates, P/C insurers performed well in 2022, according to the latest report on the long-term impairment rates of ...
Natural Catastrophes Cost Insurers $125 Billion in 2022: Swiss Re
Natural disasters in 2022 brought global economic losses of $275 billion, of which insurance covered 45 percent, or $125 billion, according to Swiss Re's latest sigma ...