Analysts at CoreLogic, a global provider of property information, analytics, and data-enabled solutions, have released a new report which reveals that over 14.5 million single and multifamily homes were impacted by the largest natural catastrophe events of 2021, with an estimated $56.92 billion in property damage.

Global insurance and reinsurance market losses from natural catastrophes and severe weather events were almost five times the ten-year December average, as the impacts of the US tornado outbreak and Colorado wildfires continued to put the pressure on re/insurers, according to analysts at investment bank Jefferies.

Another insolvent insurer in Louisiana has been placed into receivership, as the company continues to grapple with massive pending hurricane claims. Louisiana insurance commissioner Jim Donelon placed Americas Insurance Company (AIC) into receivership in the 19th Judicial District Court.

Too many houses built too close together on the tinder-dry high plains between Denver and Boulder led to the record Marshall firestorm losses topping $1 billion, insurance industry researchers found this week as they sifted through ashes and charred ruins.

AM Best has warned that demand surge and inflation will amplify losses related to the December 30th, 2021, late-season Marshall Fire in Boulder County, Colorado, which destroyed more than 1,000 structures.

Insured losses of $44 billion from COVID-19 so far represent the third largest cost to insurers of any catastrophe, behind Hurricane Katrina and the 9/11 attacks, insurance broker Howden said on Tuesday.

The late-season Marshall Fire in Boulder County, Colorado, which destroyed almost 1,000 structures after strong winds accelerated the spread, is estimated to have resulted in insured losses of approximately $1 billion, according to risk modeller Karen Clark & Company.

Devastation from tornadoes that slammed parts of the United States this month will push the insurance industry’s 2021 bill for weather-related claims well above the predicted $105 billion, industry experts said, and premiums should rise on worries that climate change will drive more severe weather.

Analysts at Jefferies have reported that insured natural catastrophe losses are running 48% higher than the long-term average, as of the end of November, and 34% above the 10-year average.

The monster tornado that destroyed the town of Mayfield, Ky., during last weekend’s deadly outbreak in the Midwest and Southeast may have traversed four states without ever lifting off the ground.

Analysts at CoreLogic have estimated that the reconstruction value of residential buildings that were potentially destroyed in states hit by the recent series of tornados is $3.67 billion, with insured losses likely to exceed $1 billion.

Pittsburgh is more than 200 miles (320 kilometers) from the nearest coast, yet its office and retail buildings face $420 million in exposure to flood damage, or the third-greatest of any city in the U.S., according to a report published Monday.

It’s official — the massive flooding in southern British Columbia is the costliest severe weather event in the province’s history.

One of the deadly tornadoes that erupted under the cloak of darkness overnight Friday into the early hours of Saturday, leaving at least 70 dead, may have set the record for the longest continuous tornado in American history.

The 2021 Atlantic hurricane season officially ended Tuesday, going down in history as the first time that two consecutive seasons have exhausted the list of 21 English storm names.