Catastrophe Risks
Colorado State Team Predicts Above-Average Atlantic Hurricane Season
Researchers at Colorado State University (CSU) are forecasting above normal activity for the 2025 Atlantic hurricane season. The CSU team's initial 2025 Atlantic hurricane forecast predicts 17 named storms with 9 of those storms becoming hurricanes, 4 of which are expected to be major hurricanes of Category 3 or higher. Learn More
Willis and The Nature Conservancy Unveil Wildfire Policy Tied to Forest Mitigation Efforts
Willis and The Nature Conservancy introduced a wildfire insurance policy leveraging alternative risk transfer. Designed for Tahoe Donner, it lowers costs by recognizing ecological forest management, such as thinning and prescribed burns. The innovative approach addresses insurance market instability in wildfire-prone areas like California. Learn More
Gallagher Re's 2024 Report: Rising Catastrophe Losses and Insurance Trends
Gallagher Re's "Natural Catastrophe and Climate Report 2024" examines global disaster losses, insured costs, and climate risk trends. With economic losses hitting $417 billion and insurers covering $154 billion, the report highlights rising catastrophe costs, regulatory developments, and strategies to address growing climate-related risks in the insurance sector. Read More
Parametric Insurance Delivers First Payout to Vietnam's Coffee Farmers
Willis and Global Parametrics delivered a parametric insurance payout to Vietnam's coffee farmers affected by drought. Using satellite rainfall data, the policy ensures rapid compensation without lengthy claims processes. Supported by the Natural Disaster Fund, this risk transfer solution enhances financial resilience for coffee growers facing climate-related challenges. Read More
Swiss Re: 2024 ILS Market Growth, Investor Trends, and Future Outlook
Swiss Re's "ILS Market Insights" report details continued market growth, strong investor returns, and increasing risk diversification. Despite rising catastrophe losses, the market remains resilient, attracting new capital. The report also explores regulatory developments, sustainability-linked bonds, and modeling advancements shaping the insurance-linked securities (ILS) sector's future. Read More
Howden Calls for Urgent Insurance Reforms Amid California Crisis
Howden's report highlights California's growing insurance protection gap, driven by regulatory restrictions and wildfire risks. It calls for urgent reforms, risk-based pricing, and public-private collaboration to stabilize the market. A $6 billion investment in mitigation could have cut recent wildfire losses by nearly 50 percent, restoring market confidence. Read More
Connecticut's Captive Insurance Model Could Offer Hope for California Homeowners
Connecticut's captive insurance model, designed to address a homeowners' crisis, could offer California a solution for its wildfire-driven insurance challenges. Michael Maglaras highlights how a public-private partnership and efficient resource allocation can create a scalable, adaptable insurance framework to tackle climate-related risks and improve market stability for homeowners. Read More