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US winter weather costliest nat cat for US insurance industry: Aon 12-03-2021 07-02-2020 Re/insurance broker Aon has estimated that the total direct economic cost of the winter weather conditions that affected the US mid-February will exceed $10 billion. The rest of this article is locked. Please login to continue reading.   If you don't have a login, you will need to purchase a subscription to gain access to this article, and all the other content. Please use this link and follow the steps.    To take out a free  two week trial, use the same link but select the 'trial' option in the ...

Cat risk team of the year: Aon, Impact Forecasting Impact Forecasting has long established itself in catastrophe risk modelling and, in the face of many large-scale challenges in the last 12 months, it has solidified its reputation. The company aims to assist insurers' analysis of the financial implications of catastrophic events, to help them achieve a greater understanding of the risks. "Insurers and re/insurers told us that a black-box approach is limiting them from making most of the catastrophe models as the calculation process is not clearly defined and cannot be easily explained to sta...

<div class="at-above-post addthis_tool" data-url="https://www.metro.us/natural-catastrophes-cause-above-average/"></div>LONDON (Reuters) – Natural catastrophes resulted in $97 billion in insured losses in 2020, 40% above the average for this century, in a year when insurers also faced hefty bills due to the coronavirus pandemic, insurance broker Aon said in a report on Monday. Hurricane Laura, which hit the United States and Caribbean in August, […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced S...

Share this article "When Natural Disasters and a Pandemic Collide" global annual report explores "connected extremes" CHICAGO, Jan. 25, 2021 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, today launches its global Weather, Climate & Catastrophe Insight: 2020 Annual Report. The report evaluates the impact of global natural disaster events to identify trends, manage volatility and enhance resilience.   The report reveals that the 416 natural catastrophe events of 2020 resulted in economic los...

With Economic Damages of $9B, Hurricanes Eta and Iota Topped Off Record Year: Aon December 14, 2020 Hurricanes Eta and Iota in November topped off the 2020 Atlantic hurricane season when a record of 12 named storms made landfall in the United States. The two final hurricanes of the season had an economic cost of approximately $9 billion, according to Aon’s monthly Global Catastrophe Recap report. Hurricane Eta made landfall and caused extensive damage in Nicaragua, before moving to Honduras and Guatemala, and subsequently making landfall in south central ...