300 words…a two minute read

Recent data from Aon’s Weather, Climate and Catastrophe Insight report shows that Hurricane Ian in the United States was the second-costliest natural catastrophe in history from an insurance perspective, with approximately $50-55 billion total insured losses.  

What have we learned from Hurricane Ian’s impacts that can help organizations prepare for natural catastrophes in the future?

• In the wake of Hurricane Ian, Aon sent a team of engineers, meteorologists and hydrologists to the impacted area to understand the lessons learned from this storm to help homeowners, governments and insurers make better decisions in the future to create more resilient and safe buildings. Check out this article by Aon, “Rebuilding for Resilience: Lessons Learned from Hurricane Ian,” for seven ways to protect your home. Additionally, The Insurer highlighted advice from Aon on the role of building codes in limiting hurricane damages.
• Aon colleagues gathered in the area where Hurricane Ian made landfall to help put into perspective the human impact of insurance, the role insurance plays in mitigating risk and the importance of having the right valuation of your property. According to Karthik Yarasuri, U.S. Reinsurance analytics senior analyst, “Talking to residents made me realize the importance of the catastrophe models we develop and the impact we can have on society to increase resilience going forward.” Watch the video, “Hurricane Ian: Personal Impact,” for additional insights.
• Aon’s 2023 Weather, Climate and Catastrophe Insight report provides data and insights to help identify natural disaster trends and make better decisions to manage volatility and enhance global resilience. In 2022, economic losses from natural disasters were estimated at $313 billion. Learn more about the report’s findings and Hurricane Ian’s catastrophic impact in Yale Climate Connections and Reuters.