Analysis – Page 2
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Analysis
Hurricane Ian disrupts global supply chains
Tampa has the largest port in Florida and disruptions to its operations could exacerbate supply bottlenecks
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Hurricane Ian barrels across the Florida peninsula
Over two million people are without power after the 5th most powerful storm in US history slammed into southwest Florida
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The end of globalisation is nigh, warns Russell Group
Industry must brace for profound changes ahead as economies shift away from globalisation after three decades
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Cyber: Hitting pause
At below $10 billion, why has the cyber re/insurance market failed to live up to its potential?
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Europe counts cost of extreme heat, drought and wildfires
In many parts of Europe, human-caused climate change has resulted in annual average temperatures rising by more than 1.5°C - Munich Re
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European storms drive 1H catastrophe losses - Aon
First-half Severe Convective Storm (SCS) losses in Europe exceeded $5 billion for the second year in a row
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Fire/explosion and nat cats remain top drivers of claim severity
Contingent BI claims spike due to broken supply chains, cyber claims remain elevated and inflation will add to claims severity, finds AGCS
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Preparing for another active hurricane season
Power and comms outages and supply chain disruptions should be among key business continuity considerations, says International SOS
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AGCS: Above-average hurricane trend continues
Scientists believe climate change will make hurricanes wetter, increasing the risk of flooding
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NOAA predicts above-average Atlantic hurricane season
Ongoing La Niña and higher Atlantic temperatures are setting the stage for busy season ahead
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Reasons to be… cheerful?
With access to some of science’s most stark observations on the climate crisis, why is Nasa’s David Green feeling optimistic?
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Floods drive 2021 cat losses to $270 billion
Flooding in Europe in July was the costliest natural disaster on record in the region - sigma
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Gallagher Re: 2021 third largest cat year for re/insurers
Reinsurance broker urges a rethink of the impact from “secondary perils” as extreme weather events drive loss tally
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Allianz Risk Barometer: Cyber and BI top concerns
’Business interrupted’ will remain the “key underlying risk theme” in 2022
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Western European floods “most significant” event of 2021
Insurance industry losses from the devastating July floods have surpassed $13 billion
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2021 catastrophe claims tally reaches $112 billion
The costliest event in Europe was the July flooding in Germany, Belgium and nearby countries, causing up to $13 billion in insured losses
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Ida highlights impact of inland flooding
Record heat and drought conditions prompt extreme wildfire activity around the globe, according to Aon catastrophe report
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Ida 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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AIR 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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Hurricane 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