Catastrophe Risks

Researchers at North Carolina State University have joined other forecasters in predicting an active Atlantic hurricane season this year. According to the North Carolina State forecast, this year's hurricane season—which runs from June 1 to November 30—will see 17 to 21 named storms forming over the Atlantic basin. Read More

While the first quarter of the year is typically the quietest quarter of the year in terms of catastrophe losses, 2022 was the sixth consecutive year with more than $10 billion in insured catastrophe losses, according to Aon. The quarter saw $14 billion in insured natural catastrophe losses. Read More

In their first extended range forecast of the 2022 Atlantic hurricane season, researchers at Colorado State University (CSU) predicted above-normal storm activity. The first 2022 CSU Atlantic hurricane season forecast calls for 19 named storms, including 9 hurricanes of which 4 will be major hurricanes. Read More

Natural catastrophes were responsible for $270 billion in economic losses and $111 billion in insured losses in 2021, according to the Swiss Re Institute, with floods responsible for 31 percent of economic losses. While floods caused $82 billion in economic losses, insured flood losses were approximately $20 billion. Read More

There's a strong chance of a storm developing ahead of the official start of this year’s Atlantic hurricane season on June 1, and this year's season should be another active one, according to forecasters at AccuWeather. AccuWeather predicts 16 to 20 named storms, including 6 to 8 hurricanes. Read More