All the headlines from our Catastrophe Topic Page, ordered by recency.
Jan 10 2025 // The wildfires sweeping through Los Angeles are unlikely to trigger significant losses for catastrophe bonds designed to capture such risks.Roughly 12% of the $50 billion cat-bond market is currently exposed to wildfire...
Jan 9 2025 // Editor’s note: This story has been updated with new AccuWeather total loss estimates.With aerial firefighting returning as strong Southern California winds died down for a bit, damage assessments from a handful of...
Jan 9 2025 // ORLANDO, Fla. (AP) — A major grower said this week it is abandoning its citrus growing operations, reflecting the headwinds Florida’s signature crops are facing following a series of hurricanes and tree...
Jan 9 2025 // Oregon homeowners living in certain areas at high risk of wildfire will face stricter building codes and mandates to reduce vegetation on their properties under new “wildfire hazard maps” unveiled Tuesday.The...
Jan 8 2025 // Active wind-driven wildfires in Southern California that are estimated to have burned more than 1,000 properties and prompted evacuation orders for more than 80,000 residents will likely lead to what industry watchers say...
Jan 8 2025 // A strong earthquake shook a high-altitude region of western China and areas of Nepal on Tuesday, damaging hundreds of houses, littering streets with rubble and killing at least 126 people in Tibet. Many others were trapped...
Jan 8 2025 // Millions of people in California face at least two more days of dry, hot winds that have fanned fires across Los Angeles County and sent residents fleeing for their lives.Hurricane-force wind gusts of as much as 86 miles...
Jan 7 2025 // Texas has seen surging interest from companies hoping to bury carbon dioxide in its oilfields, putting the state at the vanguard of a government-subsidized program to fight climate change.But pumping CO2 into the ground...
Jan 7 2025 // China said 32 people have been killed and another 38 were injured by an earthquake that struck its far western region of Tibet.The epicenter of the magnitude 6.8 quake that hit around 9:05 a.m. Tuesday morning was in...
Jan 6 2025 // Guy Carpenter reports that average global and regional property catastrophe rates-on-line decreased during the January 2025 renewals in amounts ranging from 5.3% to 7.2%.Guy Carpenter defines rate on line (ROL) as the cost...
Jan 2 2025 // (THE CONVERSATION) On Dec. 30, 2021, a wind-driven wildfire raced through two communities just outside Boulder, Colorado. In the span of about eight hours, more than 1,000 homes and businesses burned.The fire left entire...
Dec 31 2024 // Officials assessed the damage on Sunday after a strong storm system moved across the southern U.S. over the weekend, spawning tornadoes and killing at least four people.There were at least 45 reports of tornado damage...
Dec 31 2024 // Florida consumers, already fuming in recent years from higher property insurance premiums, repair costs and homeowner association fees, could soon see another burden on their pocketbooks: Duke Energy has filed a plan with...
Dec 30 2024 // HOUSTON (AP) — A strong storm system threatened to whip up tornadoes in parts of the U.S. Southeast on Sunday, a day after severe weather claimed at least two lives as twisters touched down in Texas and...
Dec 30 2024 // AT&T Inc. and Verizon Communications Inc. acknowledged that they’d been hit by the China-linked Salt Typhoon hacking operation but that their networks were now clear from the intrusion.The hackers attempted to...
Dec 27 2024 // Last December, a farmer was burning dry grapevines in his vineyard in Deir Mar Moussa, a hill town a dozen miles east of Beirut known for its 18th century monastery and stands of pine forest. Usually this would be...
Dec 26 2024 // Catastrophe-bond issuance rose to a record this year, increasing the overall market to almost $50 billion, as insurers transferred more risk from costly climate disasters to private investors.Sales of bonds earmarked for...
Dec 23 2024 // LYONS, Ga. (AP) — Twisted equipment and snapped tree limbs still litter Chris Hopkins’ Georgia farm more than two months after Hurricane Helene made its deadly march across the South.An irrigation sprinkler system...
Dec 20 2024 // With a “silver tsunami” of skilled underwriters eligible to retire in coming years and a shift in employee expectations, recruitment and retention is a critical focus for the insurance industry right now, said...
Dec 17 2024 // OMAHA, Neb. (AP) — A tornado near a mall in central California swept up cars, uprooted trees and sent several people to the hospital. In San Francisco, authorities issued the first-ever tornado warning.Elsewhere,...