All the headlines from our Catastrophe Topic Page, ordered by recency.
Oct 26 2020 // BP on Sunday said it has begun to evacuate four offshore U.S. Gulf of Mexico oil platforms and secure facilities as Tropical Storm Zeta sprang up in the Caribbean Sea.The 27th named storm of this year’s Atlantic...
Oct 26 2020 // The U.S. nuclear power reactors facing the highest risks of a meltdown from earthquakes are not in tremor-prone California, but states including South Carolina and Missouri, an analysis of government data published on...
Oct 23 2020 // Swiss Re Capital Markets has successfully structured and placed the issuance of USD $775 million of insurance-linked securities by Ursa Re II Ltd. to be used for the protection of the California Earthquake Authority.CEA...
Oct 23 2020 // Everest Re Group Ltd. is estimating pre-tax net catastrophe losses of $300 million for the third quarter 2020.The estimate includes the impact of Hurricanes Laura, Isaias and Sally, wildfires in California and Oregon, and...
Oct 23 2020 // Bermuda has been spared the worst of Hurricane Epsilon, which passed 200 miles to the east of the island and is heading , according to a report from Weather Underground.However, Epsilon’s large size, at times,...
Oct 23 2020 // The Washington Department of Labor & Industries is developing new workplace safety and health rules regarding wildfire smoke.The L&I announced the move this week in response to an increasing number of acres burned...
Oct 22 2020 // Argo Group International Holdings Ltd. announced that its results for the third quarter of 2020 will be adversely affected by estimated losses of $71 million related to various natural catastrophe events and the continued...
Oct 22 2020 // PG&E Corp. prioritized meeting inspection targets over meaningful reduction of wildfire risk, according to a monitor overseeing the utility’s program of trimming trees and vegetation that pose a threat of...
Oct 22 2020 // Hurricane Epsilon, the 10th of this very busy Atlantic season, was moving toward Bermuda on Wednesday.Epsilon is expected to make its closest approach to the island on Thursday night, and there is a risk of a direct...
Oct 21 2020 // More than 6,500 people are still in temporary shelters after back-to-back hurricanes hit Louisiana, according to the state, but some are being told to leave.The Department of Children and Family Services said about 6,430...
Oct 21 2020 // Mercury Insurance has launched two new programs designed to help Californians better protect their homes and families if they live in areas prone to wildfires. Homeowners who take one or more steps to either harden their...
Oct 20 2020 // The Travelers Companies had a strong third quarter, reporting net income grew to $827 million, up from $396 million in the prior year quarter.An increase in the quarter’s core income to $798 million compared to $378...
Oct 20 2020 // Tropical Storm Epsilon has formed in the central Atlantic and will move northwest, probably growing into a hurricane as it nears Bermuda late this week.Epsilon’s winds have reached 40 miles (64 kilometers) per hour...
Oct 20 2020 // Damage estimates from a rare windstorm that slammed Iowa and some other parts of the Midwest in August are growing, with the total now at $7.5 billion, according to a new report.The Aug. 10 storm hit Iowa hard but also...
Oct 19 2020 // California’s insurance commissioner on Monday pledged to step up efforts to protect the state’s residents from wildfires and address a pullback of private insurers from the state’s riskiest...
Oct 19 2020 // The Oregon Department of Consumer and Business Services’ Division of Financial Regulation has issued a new wildfire emergency order. The order took effect after the current emergency order expired on Oct. 18. The...
Oct 19 2020 // A light earthquake shook Alaska’s major population center, but there were no reports of damage, the Alaska Earthquake Center confirmed. The magnitude 4.0 earthquake shook Anchorage and nearby communities, including...
Oct 19 2020 // The insurance industry’s loss footprint for the April 2020 Central Queensland hailstorms is estimated at A$604 million (US$423.2 million), according to PERILS, the independent Zurich-based organization that provides...
Oct 19 2020 // Despite a year of challenges, uncertainty and a halting global economic recovery, the insurance industry remains strong and stable. Though below pre-COVID forecasts, major indicators point to positive rates of growth and a...
Oct 19 2020 // California Insurance Commissioner Ricardo Lara is asking insurers to help wildfire survivors by providing up to 100% of personal property coverage limits without a detailed inventory to those who suffered a total loss of...