Aon, a professional services firm providing risk, retirement, and health solutions, has released a weekly catastrophe report showing that since June 11, Southern Florida has faced substantial financial losses due to prolonged and excessive rainfall and severe convective storms (SCS).
Tag: severe storms
Deadly Houston Windstorm Estimated to Have Caused $5B to $7B in Damage: AccuWeather
AccuWeather, an Eyewitness News partner, revealed a price tag of $5 billion to $7 billion for the damage caused when a powerful storm line pushed across the Houston metropolitan area. As of Friday, seven people were killed throughout the city and Harris County.
Four Dead, Thousands without Power Following Severe Storm in Houston
Hurricane-strength winds unexpectedly blew through Houston Thursday, leaving four dead, hundreds of thousands without power and the country’s fourth-largest city scrambling to repair damage.
Severe Storms Rumble Across Eastern U.S.
More severe storms and flash flooding will continue for parts of the U.S. on Thursday after an intense line of storms whipped through multiple states with heavy rain and tornadoes, leaving extensive damage and killing at least least one person.
Claims from Central U.S. Severe Storms Top 27,000
Several insurers have taken in more than 27,000 claims related to mid-March severe convective storms across the middle of the country, from Texas to Ohio.
Insured Global Losses Hit $95 Billion: Munich Re
Worldwide, natural disasters in 2023 resulted in losses of around $250bn (previous year $250bn), with insured losses of $95bn (previous year $125bn). Overall losses tally with the five-year average, while insured losses were slightly below the average figure of $105bn.
Extreme Weather Makes Insurer Reimbursement Increasingly Challenging
Almost six months after Hurricane Ida lifted the roof off Brett Gabriel’s house, filling it with rain water, rebuilding feels nearly as out of reach as it did the day of the storm. Between gutting the mold-covered walls and replacing the waterlogged floors in his home about 45 miles southwest of New Orleans, it will… Continue reading Extreme Weather Makes Insurer Reimbursement Increasingly Challenging
UN Climate Report’s Warnings Compound Worries in Insurance World
A UN climate change report’s warnings are compounding alarm in the insurance industry and companies that pay premiums, as they eye increased risks from more frequent and more severe storms, wildfires, droughts, and rising sea levels threatening coastal cities. The Intergovermental Panel on Climate Change report—which United Nations Secretary General Antonio Guterres branded a “code… Continue reading UN Climate Report’s Warnings Compound Worries in Insurance World