Aon's Impact Forecasting Team Studies 55 Years of Hurricane Data, Releases Comprehensive Report on Severity and Frequency of Atl
06 Février 2006 - 3:00PM
PR Newswire (US)
Impact Forecasting Experts Also Wrap-Up Costliest Hurricane Year
Ever in 2005 Global Climate and Catastrophe Report CHICAGO, Feb. 6
/PRNewswire-FirstCall/ -- It was a year with more storms in the
Atlantic than any other on record, and it was also the costliest
hurricane season ever. Impact Forecasting, a wholly owned
subsidiary of Aon Corporation, studies some of the possible reasons
for the activity -- including shifts in the frequency of storms and
the impact of El Nino -- behind a year that produced more Category
5 hurricanes in the Atlantic Basin than any other. The report,
"Atlantic Ocean Basin Hurricane Frequency Shift," was released
today and is available at http://www.aon.com/ . (Logo:
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO ) In Aon's
report, a complete study of possible causes of weather pattern
changes shows evidence of more frequent storms as part of an
ongoing cycle of worldwide weather patterns. Bryon Ehrhart, chief
executive officer of Aon Re Services, commented: "It is clear that
the increased frequency and severity of hurricanes consumes more
economic capital than previously considered prudent. Quantifying
the change in insurer capital and reinsurance exposed to these
increased loss and volatility expectations will help insurers
sustain their capital position through this heightened risk
period." The insurance industry also dealt with other natural
catastrophes across the world, including typhoons, widespread
flooding, and devastating earthquakes. Aon has also released a
complete report on all global catastrophes from 2005. The company's
"2005 Global Climate and Catastrophe" report is also available at
http://www.aon.com/ . To arrange an interview, please contact a
member of the Aon Public Relations Team (Thaddeus Woosley at
312.381.2446 or Dave Van de Walle at 312.381.5028). About Aon Aon
Corporation ( http://www.aon.com/ ) is a leading provider of risk
management services, insurance and reinsurance brokerage, human
capital and management consulting, and specialty insurance
underwriting. There are 47,000 employees working in Aon's 500
offices in more than 120 countries. Backed by broad resources,
industry knowledge and technical expertise, Aon professionals help
a wide range of clients develop effective risk management and
workforce productivity solutions. This press release contains
certain statements related to future results, or states our
intentions, beliefs and expectations or predictions for the future
which are forward-looking statements as that term is defined in the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from either historical or anticipated results depending on a
variety of factors. Potential factors that could impact results
include: general economic conditions in different countries in
which we do business around the world, changes in global equity and
fixed income markets that could affect the return on invested
assets, fluctuations in exchange and interest rates that could
influence revenue and expense, rating agency actions that could
affect our ability to borrow funds, funding of our various pension
plans, changes in the competitive environment, changes in
commercial property and casualty markets and commercial premium
rates that could impact revenues, changes in revenues and earnings
due to the elimination of contingent commissions, other
uncertainties surrounding a new compensation model, the impact of
regulatory investigations brought by state attorneys general and
state insurance regulators related to our compensation arrangements
with underwriters and related issues, the impact of class actions
and individual lawsuits including client class actions, securities
class actions, derivative actions, and ERISA class actions, the
cost of resolution of other contingent liabilities and loss
contingencies, and the difference in ultimate paid claims in our
underwriting companies from actuarial estimates. Further
information concerning the Company and its business, including
factors that potentially could materially affect the Company's
financial results, is contained in the Company's filings with the
Securities and Exchange Commission. First Call Analyst: FCMN
Contact: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO
http://photoarchive.ap.org/ DATASOURCE: Aon Corporation CONTACT:
Thaddeus Woosley, +1-312-381-2446, or Dave Van de Walle,
+1-312-381-5028, both of the Aon Public Relations Team for Aon
Corporation Web site: http://www.aon.com/
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