economic losses

The estimates of economic losses from hurricane and super-storm Sandy keep rising northwards and are now fast approaching the $70 billion mark. The estimates given for New York and New Jersey states alone are almost there, with the estimate for New York still at $33 billion of economic losses and the estimate for New Jersey […]

Global reinsurer Munich Re has published its half-year report on the natural catastrophe activity experienced around the globe in the first-half of 2012 and how natural catastrophe losses have impacted the insurance and reinsurance market. After a near record year of insured losses in 2011, this year has been subdued by comparison with moderate losses […]

Aon Benfield have published their Monthly Cat Recap Report for September which is put together by their Impact Forecasting catastrophe modelling and analysis arm. The report takes a look at the major natural catastrophe and weather events around the globe during the last month and puts economic loss figures on the resulting damage.

A new country level study on the economic exposure to natural disasters from risk analysis and mapping firm Maplecroft, suggests that while the U.S. and Japan have the highest economic exposure to natural hazards, it is actually the emerging economies of China, India, Philippines and Indonesia that pose the greatest threat to investors due to […]

A research paper due to be published this month in the Bulletin of the American Meteorological Society suggests that routine variations in the weather, such as rainfall and cooler or hotter than average days, can result in an annual cost to the U.S. economy of $485 billion.

The Japanese Cabinet office has released an estimate this morning for the economic property losses caused by the 11th March earthquake and tsunami disaster. They estimate that the quake and tsunami destroyed buildings and infrastructure worth around $210 billion. The estimate excludes any costs related to the Fukushima nuclear disaster aside from damage to the […]

Swiss Re have today published their latest Sigma report which looks at the toll suffered around the globe from natural catastrophes and man-made disasters during 2010. The report shows that losses were exceptionally high in 2010, particularly for a year when the Atlantic hurricane season (one of the biggest loss events on many years) caused […]

Risk Management Solutions has issued an estimate for the economic losses resulting from the disaster in Japan on the 11th of March. Their estimate includes the earthquake, tsunami, disruption to power supplies, evacuations and the ongoing issues relating to the crippled Fukushima Daiichi nuclear power plant.