Dec 12, 2023
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Climate Change,
Reports & studies,
Commercial Insurance
2023 Atlantic hurricane season: the year in review
The 2023 North Atlantic hurricane season was initially expected to be subdued, due to the potentially dampening effects of El Niño. But as the season unfolded, it proved to be an active period of tropical cyclone formation and exceeded averages for storm numbers and intensities. Here, the Allianz Commercial natural catastrophe risk analysis team looks back on the season’s notable events and some of the estimated insurance industry losses incurred.