US P&C Insurance Generates Underwriting Losses in 1H2023
US P&C insurance industry continued to generate significant underwriting losses in 1H2023 despite strong premium growth
Largest Natural Catastrophes
25 posts
The Great Galveston Storm occurred on September 8, 1900, when a hurricane with an estimated strength of Category 4 hit Galveston, Texas. This hurricane remains the deadliest natural disaster in U.S. history, as well as the worst hurricane in U.S. history.
Excessive rainfall over central China in July and August of 1931 triggered the most deadly natural disaster in world history — the Central China floods of 1931. The Yangtze River overtopped its banks as spring snowmelt mingled with the over 24 inches (600 millimeters) of rain that fell during the month of July alone.
Various phenomena like earthquakes, landslides, volcanic eruptions, floods, hurricanes, tornadoes, blizzards, tsunamis, cyclones, wildfires, and pandemics are all natural hazards that kill thousands of people and destroy billions of dollars of habitat and property each year.
In this section, we have collected the most current articles and reviews on the topic of the Largest Natural Catastrophes.
North Atlantic & Western North Pacific Hurricane Season’s Impact for Re/Insurers
Moody’s RMS overview of North Atlantic seasonal activity forecasts and summarized the key oceanic and meteorological drivers behind the predictions
Natural Disaster Trends. Top 10 Costliest Economic & Insured Loss Events (1900-2023)
Most natural disaster databases show a significant decline in the number of annual global events prior to 1980. While the biggest natural catastrophe events are typically captured
Reinsurance Rates for U.S. & Florida NatCat Policies: 2023 Renewal Trends
U.S. property catastrophe reinsurance rates rose by as much as 50% at a key July renewal date, with states such as California and Florida increasingly hit
Major Natural Disaster Eventsand Insurance Loss Insights in APAC Regions
Catastrophes and natural disasters in the Asia Pacific (APAC) region amounted to a total economic loss of $80 bn. A substantial protection gap of 86%
Insured Losses from Major Natural Catastrophes in H1 2023 Estimated $23 bn
Insured losses from major natural catastrophes in the second quarter of 2023 are estimated to be less than $10 bn, in H1 totaled $23 bn
Inflation, Insurance Losses from Natural Catastrophes & Longevity Dains
The current environment is complex: inflation has stayed higher for longer than expected, natural catastrophes cause increased losses
Florida Hurricane Catastrophe Fund’s Losses & Insurance Claims Outlook
Florida Hurricane Catastrophe Fund plays a vital role in Florida’s property-insurance system as it provides relatively low-cost reinsurance
Insurance Economics & P&C Underwriting Objections Outlook
The P&C insurance industry has experienced challenges in recent years due, in large part, to increases in the frequency and severity of natural catastrophes
Global Reinsurance Property Catastrophe Market Outlook
The past year and half have seen major changes in the global Reinsurance Property Catastrophe (CAT) market
