natural catastrophes News
UN: Global Natural Disasters Cost About $300B Annually
Global economic losses from natural disasters like earthquakes, floods, droughts and cyclones cost an average of $250-$300 billion annually, according to a recent U.N. report. The report, produced by ...
RMS Reflects on the 2014 Catastrophe Risk Landscape
For the insurance industry, 2014 was not a year of big losses. However, look more closely and you will see a string of near misses and important reminders of the forces that can wreak destruction and ...
The East Coast’s $100 Billion Event
October 29 marks the two-year anniversary of Hurricane Sandy roaring ashore, destroying homes, businesses and infrastructure in its path. For those still on the road to recovery two years later, the ...
Low 1st Half Cat Impact: Top Asia, U.S. Losses Have Climate Link: Munich Re
Insured losses in the first half of 2014 were $17 billion, considerably below the $25 billion average over the past 10 years, according to Munich Re's 2014 Half-Year Natural Catastrophe Review. ...
Climate Change Bottom-Line Talk Grows, S&P Director Says
Companies and governments worldwide are changing their behaviors and examining their risks in the face of climate change, a managing director for Standard & Poor's said as he held up the ...
Drought, Winter Storms Led March Insured Losses: Impact Forecasting
Severe drought, flooding and winter storms topped the list of natural perils in March, according to the latest Global Catastrophe Recap report from Aon Benfield's Impact Forecasting. The U.S. was hit ...
2013 Natural Catastrophes Cost $37B in Insured Losses: Swiss Re
Global insured losses from natural catastrophes and man-made disasters totaled $45 billion in 2013, down from $81 billion in 2012, according to the latest sigma study from Swiss Re. Of the 2013 ...
February Storms’ Insured Losses Top $1.5B Globally: Aon Benfield
The latest Global Catastrophe Recap report from Aon Benfield's Impact Forecasting reveals that February storms led to insurance payouts of more than $1 billion globally. Japan experienced record ...