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One big thing: Aon has launched the U.S. Hurricane v3.0 catastrophe model to estimate insured losses from Atlantic basin hurricanes.

• Since 2000, U.S. hurricanes have caused $1.1 trillion in economic damage and nearly $520 billion in insured losses, making them one of the country’s peak weather threats.
• Adam Podlaha, global head of Impact Forecasting at Aon, said: “Hurricanes are among the world’s most frequently occurring natural disasters, making it a critical peril for the (re)insurance industry — particularly in developed areas like the U.S. where there are high asset values at risk. To help insurers navigate these threats, our new hurricane model draws on the latest data and information available, both proprietary and open-source.”
• Read the press release here.

Zoom out: In July, Aon released the Global Catastrophe Recap: First Half 2024 report, which cites a preliminary estimate of more than $117 billion in economic losses from global natural disasters during the first half of 2024. Read more here.