Catastrophe Risks

In the latest update to their 2022 Atlantic hurricane season forecast, researchers from Colorado State University continue to predict a well above average hurricane season. The forecast is largely unchanged from the June Colorado State update, calling for 20 named storms with 10 hurricanes, including 5 major hurricanes. Read More

Cyber attacks targeting critical infrastructure like utilities or financial services could result in catastrophic financial losses that cyber insurance and the federal Terrorism Risk Insurance Program (TRIP) might be unable to cover, according to a new report from the US Government Accountability Office. Read More

While current economic conditions present challenges to US property-casualty insurers in terms of addressing hurricane losses, their existing capital is sufficient to withstand this year's hurricane season, according to Fitch Ratings. Numerous forecasters have predicted another above-average hurricane season this year. Read More

Researchers at Colorado State University have updated their 2022 Atlantic hurricane season forecast and are now forecasting a "well-above-average" season. The latest forecast calls for 20 named storms, including 10 hurricanes, 5 of which are expected to be major hurricanes. Read More

Forecasters at the US National Oceanic and Atmospheric Administration (NOAA) have joined others in predicting an above-average Atlantic hurricane season this year. For the 2022 hurricane season, NOAA is forecasting a likely range of 14–21 named storms, of which 6–10 could become hurricanes. Read More