Hurricanes and Climate Change – What We Know Now

Analysis of more than 530,000 corporate insurance industry claims worth €88.7bn over the past five years shows natural catastrophes are the second top cause of losses globally for businesses overall, according to value of claims (15%), ranking behind only fire and explosion (21%).   A deeper look at the major causes of natural catastrophe losses, based on analysis of more than 20,000 such claims around the world, reveals hurricanes and tornados rank top, accounting for 29% of the value of all claims. A major driver is the fact that two Atlantic hurricane seasons out of the previous five (2017 and 2021)…