Recent Deadly Tornadoes Sharpen Focus on Building Codes

natural catastrophe losses

In towns ravaged by a deadly tornado outbreak earlier this month, the clean-up is painstaking and painful. “They don’t have anything. No belongings left,” said Taylor Powell, a resident of Marshall County, Kentucky. “It’s just gone.” It’s a task made harder by the complete destruction of so many homes and buildings. “I’m not sure what… Continue reading Recent Deadly Tornadoes Sharpen Focus on Building Codes

Severe Weather in March Results in Billion-Dollar Hit to Insurers

natural catastrophe losses

Aon has launched the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of natural disaster events worldwide during March 2021. The report reveals that multiple severe weather outbreaks in the United States, including tornadoes, hail, and flooding, resulted in billion-dollar insurance losses. Impact Forecasting® summarizes publicly available information which we… Continue reading Severe Weather in March Results in Billion-Dollar Hit to Insurers

Southern Storms Indifferent to the Quarantine

natural catastrophe losses

Severe Storms in the South Every year, states in the Deep South face tornadoes, severe thunderstorms and flash floods. Depending on their proximity to the Gulf, some states have hurricane season to look forward to as well. 2020 has not been kind to Dixie so far. Tornadoes swept through Tennessee, Alabama and Mississippi recently, resulting… Continue reading Southern Storms Indifferent to the Quarantine

Serious Mortgage Delinquency Rates Tripled in Recent Disaster-Affected Regions

CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its annual Natural Hazard Report including a look back at communities affected by wildfires, hurricanes, tornadoes and earthquakes in 2019. Based on CoreLogic research, as a result of natural hazards, 2019 could bring an increase in mortgage delinquency rates, taking 12 or… Continue reading Serious Mortgage Delinquency Rates Tripled in Recent Disaster-Affected Regions