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Showing 1 - 10 of 24 results for "storms"

Insurers grapple with managing physical risks: Report

KARREN VERGARA  |  MONDAY, 9 MAR 2026  |  NEWS
... financial materiality of physical hazards for the insurance industry. Massive losses stem from severe floods, wildfires and storms, while shifting hazard patterns and continued exposure growth are adding uncertainty to insurers' underwriting, pricing ...

Companies up risk management to tackle physical risks: Research

KARREN VERGARA  |  THURSDAY, 13 NOV 2025  |  NEWS
... risk management and business continuity planning. MSCI Institute's latest Corporate Resilience Survey finds that severe storms (62%) have the most detrimental effect on businesses, followed by extreme heat (49%) and flooding (47%). Transportation companies ...

Sustainability in 2025

VIRGINIE DERUE  |  FRIDAY, 16 MAY 2025  |  NEWS
... change's financial impact is becoming increasingly clear amid more extreme weather events-temperature rises, more frequent storms as well as increased droughts in some regions and rising precipitation in others. These dangers increase financial risk ...

Climate adaptation presents $100bn opp: IGCC

ROSE MARY PETRASS  |  MONDAY, 18 NOV 2024  |  NEWS
... electricity systems. "I'd hate to see the worst-case scenario." Compare this to 1980, when the average annual cost for severe storms was between US$7-8 billion in the US. It is now harder to get insurance and bank loans in vulnerable regions across ...

Catastrophe bill blows up to $90bn

ELIZABETH FRY  |  THURSDAY, 15 AUG 2024  |  NEWS
... second costliest on record for insured losses from strong winds, heavy rain and hail. Losses from smaller but more frequent storms reached $60.3bn (US$42bn), according to the world's biggest reinsurer. This is just $1.5 billion higher than the year ...

Canberra targets natural disaster insurance gap

ROSE MARY PETRASS  |  WEDNESDAY, 13 MAR 2024  |  NEWS
... will attempt to close the natural hazard insurance protection gap, seeking feedback on the standardisation of terms like "storms" and "fire", as well as reforms to the standard cover regime. The reforms are designed to cut insurance costs in communities ...

Queensland to boost clean economy

ROSE MARY PETRASS  |  THURSDAY, 15 FEB 2024  |  NEWS
... more climate risks and costs onto communities who are still reeling from flooding rains, deadly bushfires and destructive storms," Rayner said. WWF Australia also signalled its support. CEO Dermot O'Gorman said legislating a strong emissions target ...

Paris overshoot: are investors prepared?

ROSE MARY PETRASS  |  FRIDAY, 12 JAN 2024  |  NEWS
... thinking about the direct impacts on a particular asset or a particular asset class and physical risks like bushfires or storms. "In practice, what physical risk really implies in the context of a disorderly transition is massive systemic risk right ...

Insured losses from natural catastrophes $150 billion in 2022

ROSE MARY PETRASS  |  THURSDAY, 30 MAR 2023  |  NEWS
... without insurance. The year saw floods in Australia and South Africa, Hurricane Ian in the US, hailstorms in France, winter storms in Europe, and droughts in Europe, China, and the Americas. Data from the Insurance Council of Australia indicates that ...

Fink counts the cost of "easy money" in annual letter

RACHEL ALEMBAKIS  |  THURSDAY, 16 MAR 2023  |  NEWS
... Europe and Australia, and in many other places around the world. "There's more flooding, more wildfires, and more intense storms. In fact, it's hard to find a part of our ecology - or our economy - that's not affected. Finance is not immune to these ...
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