Here we review the Americas catastrophe losses for 2014.
1. The Americas Catastrophe Losses 2014: Part I: The Americas accounted for 57 percent of global losses in 2014, compared to 48 percent in 2013, 87 percent in 2012 and 26 percent in 2011. Man-made incidents included the explosion of an unmanned supply rocket in October in Virginia, the October crash of the Virgin Galactic spaceship in California and the Chevron Phillips refinery fire in Texas in July.
2. The Americas Catastrophe Losses 2014: Part II: Regarding tropical cyclone activity, the North Atlantic Basin experienced six hurricanes and two major hurricanes in close agreement with the 1954 to 2013 mean, following a slow start to the season.