January’s U.S. Storms, Australia Floods Bring Economic Damages Near $2B: Aon

Article 0 Comments Multiple winter storms and extreme cold led to 45 deaths and cost the U.S. economy $1 billion during January, according to Aon’s Global Catastrophe Recap – January 2019. The report listed the winter storm events in the U.S. during the month: Pacific storm system on Jan. 5-Jan. […]

Insurance Council of Australia Declares Catastrophe for Queensland Floods

Article 0 Comments The Insurance Council of Australia (ICA) declared a catastrophe for insurance policyholders who have been affected by torrential rain and flooding in the northeastern Australian state of Queensland. “The Queensland government and emergency services have informed the Insurance Council that dozens of homes and businesses may have […]

Australia Sweltered in January Through Hottest Month on Record

Article 0 Comments Australia sweltered through its hottest month on record in January and the summer of extremes continued with wildfires razing the drought-parched south and flooding in expanses of the tropical north. Australia’s Bureau of Meteorology confirmed the January record on Friday as parts of the northern hemisphere had […]

Final Loss Estimate for Australia’s Cyclone Debbie Is A$1.7B (US$1.3B): PERILS

Article 0 Comments The final property insurance loss estimate for Australia’s Tropical Cyclone Debbie is A$1.7 billion (US$1.3 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. Cyclone Debbie hit the Australian states of Queensland and New South Wales from March 28, 2017 until the […]