Hurricanes, Severe Thunderstorms and Floods Drive $100 bn Insured Losses
In the US, two major hurricanes and frequent severe thunderstorms accounted for at least two-thirds of the year’s global insured losses, which currently exceed $135 bn
Atlantic hurricane season
Atlantic Hurricane Season reviews on Beinsure provides critical insights into the annual hurricane activity affecting the Atlantic Ocean, the Caribbean Sea, and the Gulf of Mexico. This category covers expert analyses on the financial and insurance impacts of hurricanes, focusing on how the industry responds to the increasing frequency and intensity of these natural disasters. It offers forecasts, risk assessments, and preparedness strategies to help insurers, reinsurers, and risk managers mitigate potential losses.
The category highlights innovative solutions and technology, such as predictive modeling and data analytics, used by insurance professionals to evaluate the effects of storms. Readers gain a comprehensive understanding of the season’s trends, regulatory updates, and real-time storm tracking, making it an essential resource for those involved in property and casualty insurance, risk management, and related fields.
2024 Atlantic Hurricane Season Marked a Year of Substantial Insured Losses in the U.S.
The 2024 Atlantic hurricane season ended on November 30, marking a year of above-average storm activity and substantial insured losses in the U.S.
Q3 2024 Global Catastrophe Report: Top 5 Costliest Economic & Insured Loss Events
Q3 2024 saw a number of significant disaster events, which drove total economic losses from natural catastrophes above at least $258 bn
Hurricane Milton Economic and Insurance Loss Forecast: Impact on Re/Insurers
Economic and insured losses from Hurricane Milton remain uncertain, Milton is the second major storm to hit the U.S. within two weeks, following Hurricane Helene
Hurricane Milton Triggers Major Losses for Insurers and Reinsurers
Hurricane Milton is anticipated to be one of the most powerful and economically detrimental hurricanes to make landfall in the western region of Florida
Insurance Industry Faces Challenges as Atlantic Hurricane Season Begins
The 2024 Atlantic hurricane season officially began and has already been active. Business owners found that 91% identified specific weather or natural hazards as risk
Hurricane Beryl’s Impact on Insurance Industry: Loss Forecasts
Insured losses from Hurricane Berylcould have surged if the Category 1 hurricane had struck a densely populated Texas city like Corpus Christi or Galveston
Insured Losses from Convective Storms in the U.S. exceedes $50 bn
The U.S. is experiencing its costliest year ever in 2023 for severe convective storms, with insured losses from these events exceeding $50 bn
U.S. Insured Losses from Hurricanes Have Risen over the 15 Years
Insured losses from hurricanes have risen over the past 15 years as hurricane activity has intensified
TOP 20 Costliest U.S. Hurricanes. Losses Will Increase by 10% over 20 Years
Aon’s work with Columbia University has revealed that under selected scenarios, U.S. hurricane losses would increase by at least 10% over 20 years
Home Insurance Can Make Homeowners Resilient to Weather & Hurricane Loss
Homeowners Perception of Weather Risks report provides insights into trends, behavior and how experiencing a weather event impacts
Global Insured & Economic Losses from Natural Catastrophes Outlook
Natural disasters resulted in global economic losses of USD 275 billion, of which USD 125 billion were covered by insurance
Insurers in Florida are Barred from Non-Renewing or Canceling Insurance Policies
Insurers in Florida are currently barred from non-renewing or canceling policies, under an emergency order issued by the state’s Insurance Commissioner
U.S. Home Insurers Have of the Highest Level of Catastrophe Exposure to Hurricane Ian
The nationwide homeowners insurance giants in the U.S. have some of the highest level of catastrophe exposure to hurricane Ian, which is currently forecast to reach Florida
How Florida’s Insurance Market Responds to a Repeat of a Category 5 Hurricane Andrew?
Because of significant exposure growth, the impact of social inflation, and climate change complications, Florida’s insurance market could struggle to respond to a repeat of a Category 5 hurricane
California’s Insurance Market: The Case for Risk-Based Pricing and Data-Driven Mitigatio. California’s insurance availability/affordability challenges
Life reinsurers based in Bermuda have recorded increased activity as annuity sales rise in the U.S. and recent regulatory changes
As electric vehicles (EVs) gain popularity, the insurance industry is also adapting to meet the unique requirements of eco-conscious drivers
Lightning causes significant fire risk to small and medium-sized enterprises (SMEs), resulting in annual damages of several billion dollars