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Risk to U.S. property from severe convective storms as high as from hurricanes: Willis Re

March 20, 2017 by Canadian Underwriter

Severe convective storms (SCS) posed as much risk to property in the United States as hurricanes between 2003 and 2015, with the average annual loss from SCS amounting to US$11.23 billion compared to US$11.28 billion from hurricanes. So concludes a

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2016 marks three consecutive years of record warmth for the globe: NOAA

January 19, 2017 by Canadian Underwriter

The year 2016 marked three consecutive years of record warmth for the globe, the National Oceanic and Atmospheric Administration (NOAA) reported on Wednesday. “With a boost from El Niño, 2016 began with a bang,” NOAA said in a press release.

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Atlantic hurricane season still expected to be strongest since 2012: NOAA

August 11, 2016 by Canadian Underwriter

The National Oceanic and Atmospheric Administration (NOAA) is now calling for a “higher likelihood of a near-normal or above-normal” Atlantic hurricane season, one that is still expected to be the most active since 2012. In its updated 2016 Atlantic Hurricane

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Aon Benfield’s Tropical Storm Risk, Colorado State University update 2016 Atlantic Hurricane season forecast

August 8, 2016 by Canadian Underwriter

Tropical Storm Risk (TSR) – part of Aon Benfield Research’s academic and industry collaboration – has issued its updated August forecast for the 2016 Atlantic hurricane season, forecasting 15 named storms between June and November. TSR’s Professor Mark Saunders and

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Direct economic impact of Fort McMurray wildfire expected to reach US$5 billion: Impact Forecasting

July 20, 2016 by Canadian Underwriter

The overall direct economic impact of the Fort McMurray wildfire is expected to approach US$5 billion once all attributable losses are realized, according to Impact Forecasting, Aon Benfield’s catastrophe model development centre of excellence. “The first half of 2016 ended

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Aon Benfield’s Tropical Storm Risk forecasts 17 named storms between June and November

May 30, 2016 by Canadian Underwriter

Tropical Storm Risk (TSR), which is part of Aon Benfield Research’s academic and industry collaboration, is forecasting 17 named storms, nine hurricanes and four major (Category 3+) hurricanes between the months of June and November. TSR  issued its May forecast