Broking giant Aon has estimated that global insured catastrophe losses amounted to at least $17 billion in the first-quarter of 2024, which was slightly above average by its measure.
Tag: insured catastrophe losses
Verisk Report: Global Average Annual Insured Losses from Extreme Events in Excess of $120B
Verisk Extreme Event Solutions has released its 2022 Global Modeled Catastrophe Losses Report, which details key global financial loss metrics based on the company’s most recent suite of catastrophe models. Verisk estimates that global catastrophes will cause approximately $123 billion in insured losses per year, compared to an average of $74 billion in actual losses… Continue reading Verisk Report: Global Average Annual Insured Losses from Extreme Events in Excess of $120B
Insurance Industry Seeks to Limit Fossil Fuel Exposure Amid Growing Climate Threat
With global climate change threatening to wreak havoc on their industry, insurance companies are increasingly looking to limit their exposure to the fossil fuel sector. “This was not an issue that was central in the insurance sector, even 7 years ago,” said Robin Edger, national director of climate change for the Insurance Bureau of Canada.… Continue reading Insurance Industry Seeks to Limit Fossil Fuel Exposure Amid Growing Climate Threat
Natural Disaster H1 Insured Losses Hit 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 said on Wednesday. Overall economic losses came in below their 10-year average, however, at $93 billion, Aon said in a… Continue reading Natural Disaster H1 Insured Losses Hit 10-Year High: Aon