All extreme weather articles – Page 3
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AnalysisFire/explosion and nat cats remain top drivers of claim severity
Contingent BI claims spike due to broken supply chains, cyber claims remain elevated and inflation will add to claims severity, finds AGCS
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AnalysisEuropean wildfires rise 75% YOY
As wildfires have only recently been considered a material peril, the modelling is not as developed
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AnalysisSupply disruption rises as Rhine levels fall
Water levels are at their lowest for the time of year since 2007, limiting the commodities that barges can carry
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AnalysisWhy Bernd was a lesson in ‘flood dementia at all levels’
A poor understanding of floods and insufficient risk reduction measures played a key role in last year’s disaster, finds Zurich
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AnalysisBeware new generation climate risks, warns SONAR
The thawing of permafrost could accelerate climate hazards and release disease-carrying pathogens
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AnalysisUNDP partners with Generali to tackle protection gap
The partnership will support developing countries’ access insurance and risk finance solutions
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AnalysisComplex energy claims dropped during 2020-2021
Losses such as the Beirut explosion in 2020 and Winter Storm Uri were not included in the analysis
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AnalysisFebruary storm claims to reach €3.3 billion - PERILS
Industry losses from European windstorm series are the highest such loss since Kyrill in January 2007
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OpinionLet’s avoid a VHS v Betamax stand-off on the climate transition
More open sources of data and open, common modelling standards will facilitate climate-transition decisions
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AnalysisIPCC: “Half measures no longer an option”
Report calls for ”urgent actions” as increased heatwaves, droughts and floods exceed biodiversity thresholds
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AnalysisLosses mount from cluster of winter storms
Winter Storms Dudley, Eunice and Franklin are a reminder of the need for firms to build resilience to extreme weather
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AnalysisDescartes in bid to disrupt corporate insurance
The parametric insurtech has ambitious plans to expand climate risk solutions after successful capital raise
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AnalysisWEF Report: Climate inaction dominates global concerns
Top risks are climate crisis, growing social divides, heightened cyber risks and an uneven global recovery, as pandemic lingers on
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AnalysisWestern European floods “most significant” event of 2021
Insurance industry losses from the devastating July floods have surpassed $13 billion
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Analysis2021 catastrophe claims tally reaches $112 billion
The costliest event in Europe was the July flooding in Germany, Belgium and nearby countries, causing up to $13 billion in insured losses
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AnalysisClaims from deadly tornados to reach $3 billion
The insured loss estimate from KCC includes damage to residential, commercial and industrial properties
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AnalysisIRM publishes climate change guidance
It is the first time the IRM has published a guidance report focused solely on climate change for risk managers
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AnalysisCampaigners target reinsurers in Baden Baden
Only a few reinsurers have so far publicly committed to phase out coal from their treaty business
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OpinionDon’t panic… but do act now
The IPCC report tells us tomorrow is not the same as yesterday, hence past data solely can’t always predict future outcomes
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AnalysisNat cats cost $77 billion in 1H
Insured losses are the second highest on record for a first half as climate change results in greater weather extremes - Swiss Re sigma
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