Extreme weather risk set to cause massive losses
Summary of CDP's Disconnected Defenses report showing only 35% of large firms identify extreme weather as a material financial risk despite $3B in disclosed 2025 losses and $898B in projected future costs.
Triple-I: Severe Convective Storms Generate More Than $50B in Insured Losses for Third Consecutive Year
Triple-I report confirms tornadoes, hail, and severe thunderstorms caused $51B in U.S. insured losses in 2025—the third consecutive year above $50B—with total economic damages topping $68B and a record 300 tornadoes in March 2025 alone.
2025 Saw Relatively Fewer Natural Disasters. Will You Get a Break on Home Insurance?
NPR examines whether a quieter 2025 disaster season will translate into premium relief, finding that insurers remain reluctant to cut rates given mounting long-term climate losses that have exceeded $100B annually four of the past five years.
Alfred Anniversary Sharpens Insurer Focus on Cyclone Risk and Costs
On the one-year anniversary of Cyclone Alfred's landfall, Insurance Council of Australia reports A$1.5B in insured losses and A$2.7B in total economic costs, part of A$28B in cumulative weather event losses since 2022.
PERILS Pegs Cyclone Alfred Losses Close to $2 Billion
PERILS AG releases final catastrophe loss estimate for Cyclone Alfred at near A$2B insured — Australia's largest cyclone loss since Cyclone Debbie in 2017 — flagging rainfall-driven flooding rather than wind as the primary cost driver.
Natural Disasters Led to $250 Billion in Global Losses Last Year
Extreme storms and other natural disasters cost the world about $250 billion of losses last year, with less than half that amount actually covered by insurers.