Lead article2017 Was the Costliest Year to Date – Here’s Why

“In 2017, there were 16 weather and climate disaster events with losses exceeding $1 billion each across the United States. These events included 1 drought event, 2 flooding events, 1 freeze event, 8 severe storm events, 3 tropical cyclone events, and 1 wildfire event. Overall, these events resulted in the deaths of 362 people and had significant economic effects on the areas impacted.”

According to NOAA data, 2017 became the costliest year to date, surpassing 2005, the year of Hurricane Katrina. Previously, 2005 topped the chart with $215 billion in losses. Hurricanes Harvey, Irma and Maria helped propel 2017 to a total of $306 billion in losses. Harvey created the most financial damage, resulting in nearly 41 percent of the total yearly cost, or $125 billion. Login to read more….

February 2018 edition of the Insurance Research Letter  – subscriber login

Feb 2018 Index – ISSN #2165-2740 Vol. 21, No. 2

Editor’s Letter

  • US Tax Reform & International tax code changes
  • More reasons to read the Back Page

News Quizzical

Synopsis

Companies

  • NewsBriefs: AIG, Chubb, Lloyd’s
  • People: Berkshire Hathaway, Chubb, Zurich

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  • News:  Aon, JLT Specialty
  • People: Dual, JLT, JLT Specialty, Ryan Specialty Group

Global Briefs – Brazil, India, Indonesia, The Netherlands, UK & USA 

Looking Back – from the pages of the Insurance Research LetterFebruary 2008 

Americas

The United States

  • 2017 Was the Costliest Year to Date – Here’s Why – Hart S. Brown, Firestorm
  • How Data Analytics Mitigates Organizational Risk and Claims – Michael Palmich, ProcessMAP
  • A CISO perspective: 5 key considerations for defending your business against cyber threats – Matt Palmer, Willis Towers Watson

Europe

Germany

  • 2017 results above expectations, stable evolution forecasted for 2018 – Daniela Ghetu, XPRIMM

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