Analysis – Page 11
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AnalysisIda claims could reach $35 billion - RMS
Losses reflect property damage and business interruption to commercial, industrial, infrastructure and marine cargo among other classes of business
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AnalysisGermany most exposed country to river/coastal flood - Marsh
Climate change, economic and demographic trends and a chronic shortfall in resilience investment are driving the risk higher
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AnalysisAIR pegs Ida loss at up to $25 billion
Utility disruptions caused by lack of power, mobile data services, and water, could lead to Ida becoming a long-tailed event
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AnalysisHurricane Ida devastation continues
Deadly flash floods have left a trail of further devastation, with energy and chemical sectors among those exposed to supply chain disruption
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AnalysisHurricane Ida claims could reach $30 billion
Flooding has seen homes evacuated, businesses shut down and widespread power outages
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AnalysisEuropean flood claims could reach €6.5 billion - RMS
Germany is the dominant contributor of loss to the event with about 70 percent of the total loss, followed by Belgium with about 25 percent
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AnalysisLosses of $25 billion expected from July floods
Catastrophic damage in Western Germany is expected to be Europe’s most costly weather event on record - Impact Forecasting
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AnalysisNat cats cost $77 billion in 1H
Insured losses are the second highest on record for a first half as climate change results in greater weather extremes - Swiss Re sigma
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AnalysisFlood exposures up by 24% since 2000
Population at risk of extreme flood is ten times higher than previously thought, finds WRN partner Cloud to Street
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AnalysisIPCC: Prioritise adaptation and resilience
New report is “code red for humanity” with many climate change effects now “irreversible”
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AnalysisAGCS: Bigger ships, bigger exposures
Suez Canal incident shows ever-increasing vessel sizes exacerbates marine and supply chain risks
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AnalysisGerman flood claims to approach €5 billion
Restoration of infrastructure such as water and gas pipes, power lines, and roads could take weeks, even months, warns AIR Worldwide
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AnalysisFERMA: Floods are a “wake-up call” ahead of COP26
Insured losses of €4 billion to €5 billion are expected for North Rhine-Westphalia and Rhineland-Palatinate
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AnalysisGerman floods to see sizable protection gap
There are renewed calls for a state-backed natural catastrophe scheme or introduction of compulsory flood cover
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AnalysisAon: Nat cat losses reach $93 billion in 1H
Fatalities due to temperature extremes were the deadliest type of disaster during the first six months of 2021
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AnalysisEuropean floods hit over 70,000 properties
Total insured losses could reach €5 billion as Airmic CEO Graham says even climate scientists “were shocked”
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AnalysisWildfire costs grow for solar sector
Wildfires have cost solar owners tens of millions of dollars in losses over the last decade - GCube
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AnalysisTerrorism: Retail and hospitality at risk as lockdown lifts
Pool Re warns of potential threat to retail and hospitality sectors which represent attractive targets to terrorists
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AnalysisLack of clarity over wind turbine fires
While wind turbine fires are relatively rare, when one does occur, it often results in the total destruction of the asset
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AnalysisCatastrophic floods strike Central Europe
Several dams burst across Germany after extreme flooding, leaving at least 180 dead and hundreds more missing
