Severe convective storms (SCS) are emerging as a major driver of U.S. property insurance costs, with large hail events alone damaging nearly 600,000 homes in 2024, according to an analysis by CoreLogic. SCS weather events, which include damaging hail, tornadoes, straight-line winds and derechos, are becoming a significant driver of insured natural disaster losses across … Read more
Meteorologists are warning of an elevated risk of dangerous debris flows and destructive mudslides in Southern California next week in areas scorched by destructive Los Angeles wildfires. AccuWeather meteorologists expect between 2 inches and 4 inches of rain near the Eaton and Palisades burn scar areas in L.A. Wednesday through Thursday The oncoming storm may … Read more
Re/insurance broking giant Aon has announced the launch of a new parametric insurance solution that is designed to address and mitigate losses from hurricane-related storm surge along the coast of the United States, developed in partnership with Floodbase, a specialist in parametric flood risk, and global commercial insurer, Swiss Re Corporate Solutions.A key aspect of … Read more
Tower Hill Insurance Exchange, a Florida homeowners and commercial property insurance underwriter, has returned to the catastrophe bond market for its second time, seeking $100 million or more in Florida named storm reinsurance from this Winston Re Ltd. (Series 2025-1) issuance.A year ago, Tower Hill Insurance Exchange secured $400 million of reinsurance from its debut … Read more
Of course, nothing went according to plan. The Elysée had its dreams, but the weather made sure of this. On Saturday, December 7, the risk of a storm, with the wind blowing violently and the heavy rain forecast for the evening, forced the State and Church authorities to make a strategic and concerted withdrawal into … Read more
