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
Weather-related Catastrophes
Weather-related Catastrophes reviews on Beinsure media focuses on the impact of severe weather events on various sectors. It covers how hurricanes, floods, tornadoes, and other extreme weather conditions affect infrastructure, communities, and economies.
The review delves into the immediate and long-term consequences of these events, including damage assessments, recovery efforts, and financial implications. It also looks at how insurers and businesses prepare for and respond to such disasters. By analyzing case studies and industry responses, the category provides insights into risk management strategies and resilience planning.
Global Natural Catastrophes: Fatality, Economic & Insured Loss
2023-2024 saw multiple significant disaster events, which drove total economic losses above $295 bn, approaching the 21st-century average of $310 bn
US Severe Weather Insured Losses in Q1 2023 Ranges of $7 bn to $9.5 bn
Q1 2023 severe weather insured losses should come in at a range of $7 bn to $9.5 bn of insured severe thunderstorm storm losses from hail
Impact of Natural Catastrophic Risks for the US P&C Insurance Market
The US P&C insurance industry has experienced challenges in recent years due, in large part, to increases in the frequency and severity of natural catastrophes
Climate Risk & Weather-Related Re/Insurance Industry Losses Review
Climate risk has once again been the catalyst for insurance and reinsurance market change. Major losses caused by extreme weather events in recent years
US P&C Insurance Outlook: Inflation, Catastrophes & Volatile Markets
2024 will be a difficult year for the US P&C industry: claims severities surged with inflation, natural catastrophe losses were elevated for a sixth straight year
5 Largest Natural Catastrophes. Weather-related Events Drove $130 bn Losses
Weather-related Events drove economic losses of $65 bn, which is down on last year’s $105 bn, with insured losses staying roughly the same at approximately $34 bn
Marine mutual insurers and P&I Clubs are planning rate hikes for 2025, driven by rising claims and inflation pressures. Marine mutuals are under growing pressure
Hurricane Helene’s recent destruction underscores the rising flood risk impacting local economies and tax bases in the Eastern and Southern United States
Changes to reinsurance-related capital requirements proposed by the Australian Prudential Regulation Authority strengthen Australian general insurers’ credit profiles
European insurers' ratings will remain unaffected by the proposed capital surcharges on fossil fuel-related assets, according to EIOPA