El Niño might cause fewer hurricanes in North America, limiting insurance losses, Zurich CEO says
The development of El Niño climate phenomenon might limit catastrophe claims in North America, the CEO of Zurich Insurance said on Thursday after it reported second-quarter results.
"What we hear is that this development of El Niño is actually moderating the risk of typhoons and hurricanes, especially on the American coasts. So it could actually not be damaging the insurance industry, and especially not damaging the custome... [594 chars]
Published by: Reuters
Read full article here: https://www.reuters.com/business/environment/el-nio-might-cause-fewer-hurricanes-north-america-limiting-insurance-losses-2026-08-06/
