All the headlines from our Catastrophe Topic Page, ordered by recency.
Aug 27 2024 // California’s wildfires are weighing on home prices more than in the past, and insurance availability does little to help in areas considered to be at higher risk, according to a Federal Reserve Bank of San Francisco...
Aug 26 2024 // Insurers in Louisiana have until Friday, Aug. 30 to compete a data call relating to property and casualty homeowners’ insurance policies and commercial lines property policies during the 2024 hurricane...
Aug 26 2024 // Utility firm Hawaiian Electric raised going concern doubts on Friday after disclosing that it did not have a financing plan in place for the $1.99 billion Maui wildfire settlement it reached earlier this month.The company...
Aug 26 2024 // Typhoon Shanshan is expected to approach Japan’s southern island of Kyushu on Tuesday or Wednesday, with railway operators warning of service disruptions and an airline canceling flights.The storm is packing maximum...
Aug 23 2024 // The country is facing heightened threats from many corners at a time when law enforcement agencies are struggling, FBI Director Christopher Wray said in an exclusive interview, adding that he is “hard pressed to...
Aug 23 2024 // The type of weather phenomenon that may have led billionaire Mike Lynch’s yacht to sink in the Mediterranean this week is now more likely to happen as global warming has raised sea temperatures, according to climate...
Aug 23 2024 // Greek wildfire risks increased as temperatures climb and near gale force winds blow across the Aegean Sea, while Storm Lilian is battering parts of the UK.Firefighters, supported by helicopters, are trying to control an...
Aug 23 2024 // New research indicates that what used to be the 100-year hurricane will now happen every 25 years, according to Deep Sky Research, a Montreal-based carbon removal project developer.The new report analyzes data within the...
Aug 22 2024 // Yellow weather warnings are in place for Scotland on Thursday, as the remnants of Hurricane Ernesto bring strong winds and heavy rain.There’s an alert for rain across western Scotland, with more than 100 millimeters...
Aug 22 2024 // Australia is facing elevated wildfire risks months ahead of the summer fire season, as an unusually warm winter scorches parts of the continent and threatens to set temperature records.Heat is forecast to bake vast areas...
Aug 22 2024 // Swiss Re AG’s first-half net income beat estimates, as the re-insurer avoided higher claims from natural catastrophes that have impacted the broader insurance industry.Profit for the second quarter was $996 million,...
Aug 21 2024 // Most Americans will remember 2020 as the year when the pandemic changed everything. But for Lake Charles, Louisiana, and its neighbors along the Gulf Coast, it was also the year of record-setting disasters, when...
Aug 21 2024 // Losses in Puerto Rico from Hurricane Ernesto are expected to be absorbed by the island’s domiciled insurers, according to industry rating AM Best.Initial feedback from AM Best-rated insurers—though it is early in...
Aug 20 2024 // Grenada has become the first country in the world to use a so-called hurricane clause in a government bond – a special feature that allows authorities to postpone debt payments in the wake of a major natural...
Aug 20 2024 // Small-scale cannabis farmers in California are calling it quits, crushed by crop damage from devastating wildfires and sliding prices, and industry experts expect the exodus to continue near-term in the largest pot market...
Aug 19 2024 // California Insurance Commissioner Ricardo Lara has invited public input as he begins the final phase of approving a “first of its kind” catastrophe modeling and ratemaking regulation that “will help...
Aug 19 2024 // Europe is spending tens of billions of euros a year to fight wildfires, yet it hasn’t stopped blazes from flaring up across Greece and other parts of the continent this summer.This week fires on the outskirts of...
Aug 19 2024 // A strategy that’s delivered specialist investors huge returns is now facing scrutiny, amid concerns that its risk-reward dynamics might be skewed against some issuers.Catastrophe bonds, which are issued by insurers,...
Aug 16 2024 // As wildfires scorched swaths of land in the wine country of Sonoma County in 2020, sending ash flying and choking the air with smoke, Maria Salinas harvested grapes.Her saliva turned black from inhaling the toxins, until...
Aug 16 2024 // A European Union satellite mapping agency says 104 square kilometers (40 square miles) of land was burned northeast of Athens this week during a deadly wildfire that gutted scores of homes and prompted multiple countries...