Weather
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The model factors in the effects of climate change to date. -
The Mexican cat bond offers $125mn of protection against Atlantic named storms.
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The early May forecast is driven by factors including the El Niño Southern Oscillation.
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The insurer said it has received 19,000 claims from affected policyholders so far, with nearly 65% of these coming from customers in Queensland.
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The CCRIF has paid out $265mn since its inception in 2007.
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A total of 10 events caused more than $1bn in losses each.
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Tornados in the first six months of the year in the US were slightly above the 27-year average.
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Fort Lauderdale Hollywood airport was forced to close as a result of the flooding caused by the 25 inches of rain that fell on Wednesday and Thursday.
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The issuance is replacing $400mn of cat bond coverage placed in early 2020.
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The state is contending with flash flooding, mudslides, rockslides, power outages and high winds.
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Landslides, avalanche risks and submerged highways are just some of the extreme consequences of the storms.
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The city of Buffalo in New York state was worst impacted, but power was also knocked out in areas stretching from Maine to Seattle.
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A special session in December and prohibition of assignments of benefits have been cited on the Florida campaign trail.
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The storm, currently 285 miles south of Charleston, is expected to make landfall as a hurricane on Friday.
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Georgia, Virginia and the Carolinas have declared a state of emergency as the storm moves north.
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The storm has sped up considerably over the past six hours.
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The storm is currently at Cat 4 strength but will weaken to Cat 3 as it approaches land.
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New research estimates one in six chance of magnitude 7 or higher eruption this century.
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The new recruit has worked for Argo, Allianz and the European Space Agency.
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This is UPC’s latest attempt to downsize after offloading part of its personal lines business to HCI.
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The pooled parametric insurance arrangement was trigged by localised drought.
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As part of the deal, ICEYE will provide Fermat with near real-time flood data for large-scale events.
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Windstorm Nadia/Malik was one of several to strike the region this winter.
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The 2020s is the key decade for action to limit global warming and its impacts.
