Not only are catastrophes becoming increasingly frequent and severe, their impact can trigger a cascade of interconnected risks. Delve into Moody's latest insights on recent catastrophic events.
Not only are catastrophes becoming increasingly frequent and severe, their impact can trigger a cascade of interconnected risks. Delve into Moody's latest insights on recent catastrophic events.
Moody's
Climate and weather-related risks have resulted in less affordable and available property insurance in many areas, which presents growing risk to municipal credit quality.
While Spanish government aid will help mitigate recovery costs, the sheer scale of flood damage to infrastructure and economic activity remains credit negative for the country's southeastern regions.
While early climate investment has economic, financial and credit benefits, emerging markets face stark choices balancing limited financing against other social and development priorities.
The increased frequency of severe weather events is driving up the insurance costs of CMBS properties, particularly multifamily properties in Gulf Coast states.
Given the elevated level of insured catastrophe losses globally, losses from Hurricanes Helene and Milton should help stabilize property catastrophe reinsurance pricing ahead of January 2025 renewals.
Most securitizations have significant geographic diversification and exposed deals will likely be protected by servicer support, insurance coverage, deal structures and other mitigants.
Hurricane Milton - over 40 blog update posts covering Milton from its development, landfall, and post-event analysis.
Florida’s three major investor-owned utilities are likely to recover their storm costs in full but may have to do so over a longer period than the 12 months they are typically granted.
Hurricane Milton brought damaging winds, life-threatening storm surge and heavy rainfall to Florida in the aftermath of Hurricane Helene.
As hurricanes and wildfires become more frequent, the availability and affordability of home insurance is declining — threatening property values and tax revenues in the most disaster-prone states.
In the wake of Hurricane Milton, we estimate lost output of $10 billion to $15 billion and damage between $40 billion and $70 billion for a price tag that will wind up between $50 billion and $85 billion.
Supportive regulatory frameworks and storm cost recovery mechanisms may mitigate the financial impact of Hurricane Helene-related restoration costs on investor-owned electric utilities.
Hurricane Helene brought damaging winds, storm surge and flash flooding from heavy rainfall across Florida's Big Bend and neighboring states.
Hurricane Helene’s projected track across Florida’s panhandle and the South has potential implications for public safety and business continuity. Moody’s hurricane tracker shows commercial real estate with a greater than 50% probability of facing wind speeds greater than 50 mph.
Moody’s RMS Event Response estimates total U.S. private market insured losses from the recent Hurricanes Helene and Milton will likely range between $35 billion and $55 billion.
The third to make landfall in the U.S. this year, hurricane Francine’s northerly track through Louisiana poses significant implications for public safety and business continuity. Moody’s hurricane tracker shows commercial real estate with a greater than 50% probability of facing wind speeds greater than 50 mph.
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