catastrophe losses

Verisk is the second of the catastrophe risk modelling specialists to release an estimate for insurance industry losses caused by recent winter storm Fern in the United States, saying the total could reach $4 billion.

Catastrophe risk modelling specialists at Karen Clark & Company (KCC) have pegged private insurance industry losses from winter storm Fern in the US at $6.7 billion, with estimated losses the highest in Texas and Tennessee.

Catastrophe data aggregator PERILS has updated its estimate of insurance industry losses from the severe convective storms (SCS) that struck Australia’s East Coast in late October, lifting the total almost 37% to AU $1.512 billion (approx US $1.05bn).

Winter storm Fern, which affected the United States from January 23rd through 26th, is expected to cause insurance market losses of more than one billion dollars, while it is likely to be compared to previous historic US winter storms, broker Aon has reported.

According to a recent report from Willis, a division of WTW, natural catastrophe events generated over $100 billion in insured losses in 2025. This marks the sixth consecutive year that losses have exceeded this amount, highlighting the ongoing severity and persistence of natural catastrophe risk, despite the fact that no single hurricane made landfall in […]

The ongoing winter storm event and freezing temperatures that are affecting tens of millions of people across the United States have the potential to contribute to the gradual erosion of aggregate limits in certain catastrophe bonds, investment manager Twelve Securis has highlighted.

Catastrophe data aggregator PERILS has issued its fourth and final industry loss estimate for Windstorm Éowyn, which affected the British Isles during the period of January 24th – 25th 2025, putting the insured market loss at €765 million.

While headline global insured catastrophe loss estimates are all pointing to a tally below averages, reinsurance broker Gallagher Re has highlighted that for the United States the $100 billion of insured losses experienced in 2025 was around 12% above the 10-year average.

Insured catastrophe losses in Canada reached CAD $2.4 billion for full-year 2025, marking the ninth-largest loss year on record for the country, placing it at the lower end of the past five years of annual loss totals, according to an estimate from CatIQ, Canada’s insured loss and exposure indices provider.

According to insurance and reinsurance broking group Aon, global insured losses from natural disaster events in 2025 reached $127 billion, marking the sixth consecutive year that insurance payouts have exceeded the $100 billion threshold.