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The only greater threat to the planet than environmental risks is weapons of mass destruction, according to the World Economic Forum. A coordinated effort between the public and private sectors will be critical to solving the challenges ahead. For investors, the transition to a more sustainable future presents both risks and opportunities. Investments that address energy, land use, water, health and urban communities can yield financial, environmental, and social returns.
Gains in global living standards have come at a cost, both in terms of uneven distribution and environmental impact. Natural disasters caused an economic loss of USD 268 billion globally in 2020, according to Aon
U.S. Hailstorms that Cost Insurers Billions – and Other April Natural Disasters: Aon May 12, 2021
Insurers face multi-billion-dollar losses from U.S. hailstorms during April, according to Aon’s Global Catastrophe Recap report, which each month analyzes the impact of natural disaster events worldwide.
The report said severe weather in the U.S. resulted in outbreaks of thunderstorms, driven by large hail, tornadoes and damaging straight-line winds, which caused considerable damage to residential and commercial property, automobiles and agriculture in parts of the Plains, Midwest, Southeast and Northeast.
The most significant outbreak occurred from April 27-30, where a particularly damaging sequence of hailstorms affected three heavily populated areas on April 28, said the report, noting that much of the damage was caused by hail larger than baseballs (6.5 inches or 16.5 centimeters). These hailstorms caused extensive damage in the metro regio
$1B Insurance Price Tag for U.S. Severe Weather in March (and Other Global Events): Aon April 12, 2021
Multiple U.S. severe weather outbreaks, including tornadoes, hail, and flooding, resulted in losses of more than $1 billion for public and private insurers during March, with economic costs approaching $2 billion, according to Aon’s monthly Global Catastrophe Recap report, which evaluates the impact of natural disaster events worldwide each month.
The most notable outbreaks – March 22-23, 24-26, and 27-28 – included severe weather across the Central and Southern U.S. A preliminary confirmed total of 122 tornadoes touched down during the month, and at least seven people were killed from tornadic events. Five of the 122 tornadoes were rated EF3 (four) or EF4 (one).
Munich Re anticipates claims expenditure from winter storm Uri in the triple-digit-million euro range. Bernard Goyder, 11 March 2021
Aon has said it expects the economic cost of physical damage and business interruption caused by the polar vortex-linked cold snap to “well exceed $10bn”, in an Impact Forecasting report released on Thursday. Anna Sagar, 11 March 2021
Nat cat and extreme weather claims have become more frequent and severe with hail, heavy rain and wildfires leading to significant losses. Rachel Dalton, 08 March 2021
The carrier has admitted to errors in select cases but stressed that its $475mn loss figure remains unchanged. Catrin Shi, 05 March 2021
The breach at the service provider has the potential to generate losses on cyber programmes bought by individual airlines.
A U S Storm that Will Break Insurance Records – and Other February Storms, Quakes insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.