Verisk Releases Climate Change Projections for U.S. Hurricane and Caribbean Tropical Cyclone Models

Verisk announces collaboration to fight claims fraud

Leading global data analytics provide Verisk has announced the availability of climate change projections for its U.S. Hurricane and Caribbean Tropical Cyclone Models, which can assist in quantifying climate-related, extreme event losses and their potential evolution over the next few decades. Climate change projections offer a probabilistic view of future risk in 2030, 2050, 2075,… Continue reading Verisk Releases Climate Change Projections for U.S. Hurricane and Caribbean Tropical Cyclone Models

Report: Reducing Air Pollution in North America & Europe Contributes to More Hurricanes

A hurricane on earth viewed from space. This is a rendered image.

A new NOAA study published today in the journal Science Advances about four decades of tropical cyclones reveals the surprising result that reducing particulate air pollution in Europe and North America has contributed to an increase in the number of tropical cyclones in the North Atlantic basin and a decrease in the number of these… Continue reading Report: Reducing Air Pollution in North America & Europe Contributes to More Hurricanes

Willis Re Reports on Insured Losses and Economic Impact Due to Natural Disasters

Willis Re’s insured loss estimates from major natural catastrophes in 2018 of about USD 69.5 billion are one of the highest since the 2011 annual market losses of USD 120 billion. This report from Willis Re summarizes economic and insured losses from the most relevant natural catastrophe events that occurred during 2018. The loss values… Continue reading Willis Re Reports on Insured Losses and Economic Impact Due to Natural Disasters

Tropical Cyclones Causing Billions in Losses Dominate Nat Cat Picture of 2019: Munich Re

Eye of the storm

820 natural catastrophes caused overall losses of US$ 150bn, which is broadly in line with the inflation-adjusted average of the past 30 years, according to Munich Re. A smaller portion of losses was insured compared with 2018: about US$ 52bn. This was due, among other things, to the high share of flood losses, which are… Continue reading Tropical Cyclones Causing Billions in Losses Dominate Nat Cat Picture of 2019: Munich Re