Key Wildfire Headlines Windy Conditions Cause Fire Growth in Western US: There are currently 83 large fires burning across the United States, mainly concentrated in California, Montana and the Pacific Northwest. These fires are almost entirely uncontained and growth is being driven by dry and windy conditions across the region. Large fires of note are the Dixie ... Continue Reading »
Infrastructure: Accelerating Impacts of Climate Change
Climate change is driving a range of physical, transition, and liability risks in infrastructure. Uncertainty surrounding the various paths to decarbonization challenges traditional business models and existing infrastructure investment approaches. Data analytics can guide the use of adaptation measures and the negotiation of innovative risk transfer solutions. Transparent ... Continue Reading »
Major Hurricane Ida Tied for Strongest Hurricane on Record in Louisiana; 5th Strongest in US
Key Ida Headlines Ties for strongest Louisiana hurricane landfall: Major Hurricane Ida made landfall as a top end category-4 storm near Port Fourchon, LA on Sunday, August 29th; Ida's landfall occurred exactly 16 years after the landfall of Hurricane Katrina. Hurricane Ida joins Hurricane Laura in 2020 and the Last Island Hurricane as the strongest on record in ... Continue Reading »
Video: Public-Private Partnerships Play Key Role in Tackling Climate Risk
In this video, Josh Darr, Managing Director, Head of North America Peril Advisory for Guy Carpenter, talks about the need for a high-profile champion within the federal government to address climate-related market risks, and the progress we are seeing in this area. ... Continue Reading »
Major Hurricane Ida to Make Landfall Within Hours, Dangerous Impacts Expected
Key Headlines Severe Hurricane Status: Ida has undergone rapid intensification and strengthened into a severe category-4 hurricane. Ida has a well-defined eye and circulation, and is approaching status as a category-5 hurricane. Ida is now the strongest hurricane of the Atlantic Hurricane Season thus far, and the second major hurricane of the 2021 Atlantic Hurricane Season ... Continue Reading »
Hurricane Ida Threatens Louisiana Coast with Category-4 Landfall
Key Headlines Escalating Threat: Hurricane Ida is now expected by the National Hurricane Center (NHC) to make landfall over southeast Louisiana as a category-4 hurricane, with maximum sustained winds prior to landfall of 140 mph. Forecast storm surge is now in the range of 10-15 feet. Significant Strengthening Expected: After landfall over Cuba, Ida has since ... Continue Reading »
Tropical Storm Ida Forms in the Caribbean, Hurricane Impacts Likely Along US Gulf Coast
Key Headlines 9th Named Storm: Ida's formation yesterday, August 26, marks the ninth named storm of the 2021 Atlantic Hurricane Season. Ida formed nearly a month ahead of the average date of formation for "I" storms, September 26, based on the 1953-2020 average. Significant Strengthening Expected: As Ida crosses Cuba and enters into the Gulf of Mexico this ... Continue Reading »
Week’s Top Stories: August 21-27, 2021
Tropical Storm Henri Northeast Landfall; Hurricane Grace Final Mexico Landfall as Major Hurricane: Henri made landfall in Rhode Island on Saturday, August 22, while Grace made its final landfall on the same date near Tecolutla, Mexico, after a period of rapid escalation. Read the story >> With the Right Tools, Sureties Can Navigate Tough Economic Cycles: Guy ... Continue Reading »
Built to Last: Infrastructure and Trust in a Changing World
Marsh McLennan Advantage’s latest report, Built to Last: Infrastructure and Trust in a Changing World, examines the role of trust in the infrastructure ecosystem and elaborates on how private infrastructure owners and operators can build and maintain trust with stakeholders. The post-pandemic global economic recovery, the intensifying effects of climate change, and the ... Continue Reading »
The Future of InsurTech in DACH
What are the trends and developments in the InsurTech industry? Oliver Wyman’s report, The Future of InsurTech in DACH (DACH region), produced in partnership with Policen Direkt as part of their InsurTech Radar series, examines those changes and highlights the developments. Their analysis currently counts 149 active InsurTech start-ups in Germany, 16 in Austria, and 44 in ... Continue Reading »
