Extreme Events

Press release

9/8/2023 - 4 min read

Insurance Industry Faces Average Annual Natural Catastrophe Losses of $133B, A New High, According to Verisk Report

Global modeled insured average annual loss from natural catastrophes is $133 billion, a new high captured in latest analysis from Verisk’s extreme event solutions

Press release

2/14/2023 - 4 min read

Verisk Estimates Economic Losses from February 6 Earthquakes in Turkey Likely to Exceed USD 20 Billion

According to Extreme Event Solutions at Verisk, economic losses for the February 6, 2023, earthquakes in Turkey will likely exceed USD 20 billion, and industry insured...

Press release

10/17/2022 - 3 min read

Verisk Extreme Event Solutions Releases Climate Change Projections for U.S. Hurricane and Caribbean Tropical Cyclone Models

Verisk has announced the release of climate change projections for its U.S. Hurricane and Caribbean Tropical Cyclone Models that can help quantify climate-related...

Press release

10/3/2022 - 5 min read

Verisk Estimates Industry Insured Losses to Onshore Property for Hurricane Ian Will Range from USD 42 Billion to USD 57 Billion

Verisk estimates that insured losses to onshore property for Hurricane Ian will range from USD 42 billion to USD 57 billion.

Press release

10/1/2022 - 2 min read

Verisk’s Geospatial Data, AI-Enhanced Analytics and Vexcel’s Aerial Imagery Combine to Help Accelerate Insurance Response to Historic Hurricane Damage

Verisk is working with Vexcel Data Program to help insurers accelerate their response to the widespread property damage wrought by Hurricane Ian.

Press release

9/28/2022 - 3 min read

Global Average Annual Insured Losses from Extreme Events in Excess of $120 Billion, New Report from Verisk Finds

Verisk Extreme Event Solutions released its 2022 Global Modeled Catastrophe Losses Report.

Press release

10/25/2021 - 5 min read

Global Average Annual Insured Losses from Extreme Events in Excess of $100 Billion, New Report Finds

AIR Worldwide today released its 2021 Global Modeled Catastrophe Losses report.

Press release

9/13/2021 - 5 min read

Verisk’s AIR Worldwide Updates Losses for Hurricane Ida to Include Impacts of Inland Flooding

AIR Worldwide updated its insured loss estimates for Hurricane Ida after analyzing the inland flood impacts across the entirety of its track, including the Northeast.

Press release

9/3/2021 - 6 min read

Verisk’s AIR Worldwide Estimates Insured Losses for Hurricane Ida Will Range from USD 17 Billion to USD 25 Billion

AIR Worldwide estimates that industry insured losses to onshore property resulting from Hurricane Ida’s winds and storm surge will range from USD 17 billion to...

Press release

7/27/2021 - 5 min read

Verisk’s AIR Worldwide Enhances Extreme Event Models for Japan With Release of Updated Earthquake and Typhoon Models

AIR Worldwide has announced the release of significantly updated AIR Earthquake and Typhoon Models for Japan.

Press release

5/24/2021 - 5 min read

Property & Casualty Insurers Finish 2020 Marked By Global Pandemic and Unprecedented Catastrophic Events

Property/casualty insurers weathered a turbulent year in 2020, buffeted by a global pandemic that deeply disrupted economic activity and a historic catastrophe season...

Press release

5/18/2021 - 4 min read

National Fire Protection Association and Verisk Collaborate to Promote Importance of Community Wildfire Risk Mitigation

More than 4.5 million U.S. properties are at a high-to-extreme risk of wildfire, according to estimates from Verisk.

Press release

4/28/2021 - 5 min read

Climate Change Could Cut Corn Belt Crop Yields by Up To 40 Percent Due to Increasing Unfavorable, Extreme Weather by Mid-Century, According to a New Report

Thirteen states in the United States, known as the Corn Belt, are responsible for 90 percent of the corn grain and produce in the country and almost 30 percent...

Press release

3/1/2021 - 3 min read

AIR to Make its Catastrophe Exposure Database Schema Available as an Open Standard

AIR Worldwide today announced that it is making its Catastrophe Exposure Data Exchange (CEDETM) database schema available as an open standard...

Press release

12/9/2020 - 4 min read

AER Issues Winter Weather Outlook

There’s increased possibility of severe winter weather in the second half of winter, with warming temperatures brought on by climate change...