Churney

Insurance Industry Faces Average Annual Natural Catastrophe Losses of $133B, A New High According to Verisk Report

Retrieved on: 
Friday, September 8, 2023
Insurance, VRSK, AAL, Thunderstorm, Climate change, Earthquake, Risk, Cyclone, Weather, Churney, Property insurance, Verisk Analytics

Not only should the insurance industry be prepared to experience total insured losses from natural catastrophes well in excess of $100 billion every year, but annual losses greater than $200 billion are also plausible.

Key Points: 
  • Not only should the insurance industry be prepared to experience total insured losses from natural catastrophes well in excess of $100 billion every year, but annual losses greater than $200 billion are also plausible.
  • These values are up significantly over the decade, according to the 2023 Global Modeled Catastrophe Losses Report published by Verisk (Nasdaq: VRSK).
  • Economic losses could exceed $400 billion, highlighting a global protection gap
    Verisk has determined that the global insured losses only make up approximately a third of global economic losses.
  • According to the year’s report, Verisk estimates the global insured 1 percent, or 100-year loss is $370B.

Global Average Annual Insured Losses from Extreme Events in Excess of $100 Billion, New Report Finds

Retrieved on: 
Monday, October 25, 2021
IPCC, Research, VRSK, Industry, Knowledge, AIR Worldwide, Intergovernmental Panel on Climate Change, Climate change, EP, Insurance, Wind, Pandemic, Risk, Software, Growth, Frequency of exceedance, Lists of disasters, Nasdaq, Solution, Improvised explosive device, AIR, GLOBE, Terrorism, AAL, Churney

AIR estimates that on an annual average basis, catastrophes around the world are expected to cause about $106 billion in insured losses.

Key Points: 
  • AIR estimates that on an annual average basis, catastrophes around the world are expected to cause about $106 billion in insured losses.
  • Our report shows that the global insurance industry should currently expect a long-run annual average loss of $106 billion.
  • Global economic losses include insured and insurable losses, as well as losses from non-insurable sources, which may include infrastructure and lost economic productivity.
  • Based on its research, AIR has determined that global economic losses are about three times higher than global insured losses on average, when trended to 2020 dollars.

WVPT-PBS launches National Lifestyle Show "Off The Beaten Path With Pete Churney"

Retrieved on: 
Wednesday, September 26, 2018
Television in the United States, Churney, Television, WVPT, PBS, Broadcasting

America's #1 television advertising/sponsor opportunity is with Off The Beaten Path With Pete Churney.

Key Points: 
  • America's #1 television advertising/sponsor opportunity is with Off The Beaten Path With Pete Churney.
  • Tony Mancari of WVPT shared: "We are very keen on the integrity of our broadcast and Off The Beaten Path With Pete Churney is in complete compliance with the Public Media Code of Integrity," ( http://www.codeofintegrity.org/ ).
  • Off The Beaten Path presented by WVPT-PBS and NETA will launch with 26 full episodes featuring the up close and personal travels of national television personality Pete Churney who brings it all to life.
  • The greatest of the USA is brought to you in titanic formats with respected meteorologist and world class athlete host Pete Churney riding point.