Warming climate has likely led to 11% rise in hurricane losses: KCC

08 November 2021

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Climate change is likely to have already driven up insured losses from hurricanes by 11%, and could raise annual windstorm losses by an additional 10-19%, according to the latest white paper from Karen Clark & Co (KCC).

The catastrophe modelling firm said tropical cyclone intensity had increased with the warming climate, resulting in more category 3-5 or “major” hurricanes.

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Warming climate has likely led to 11% rise in hurricane losses: KCC

Climate change is likely to have already driven up insured losses from hurricanes by 11%, and could raise annual windstorm losses by an additional 10-19%, according to the latest white paper from Karen Clark & Co (KCC).

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Warming climate has likely led to 11% rise in hurricane losses: KCC

Climate change is likely to have already driven up insured losses from hurricanes by 11%, and could raise annual windstorm losses by an additional 10-19%, according to the latest white paper from Karen Clark & Co (KCC).

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Uncover exclusive insights tailored for insurance leaders

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Universal ‘seeing more entrants coming into the market’: CEO Donaghy

ILS managers can differentiate on ESG factors: panel

Cyber ILS market 'yet to be tested’: panel

Sponsors routinely weigh cat bonds as part of their risk transfer strategy: panel

Jamaica’s $150mn cat bond prices at upper reach of guidance