All the headlines from our Catastrophe Topic Page, ordered by recency.
Jun 1 2020 // In a case of competing deductibles, a federal appeals court has sided with an insurer and against the owner of two Houston office buildings, holding that a larger windstorm deductible applied to flood damage caused by...
Jun 1 2020 // For more than a century, New Orleans has depended on canals and pumps to get rid of stormwater in a city where about half the land is below sea level.Now the bustling Mississippi River port that expanded by filling in...
Jun 1 2020 // The official start of the Atlantic hurricane season on Monday could signal more steep losses for insurers and reinsurers, already battered by the impact of the coronavirus pandemic on their underwriting and investment...
Jun 1 2020 // “Hurricanes and COVID-19 are not a good mix,” says catastrophe modeling firm Karen Clark & Co., warning in a report that the pandemic will make what forecasters already predict to be an above-average...
Jun 1 2020 // The board of directors of Texas’ property insurer of last resort for wind and hail in the state’s coastal counties in February set a goal of $4.2 billion in catastrophe funding for 2020. At a meeting of the...
May 29 2020 // California regulators approved PG&E Corp.’s $58 billion reorganization plan, bringing the power giant another step closer to exiting the biggest utility bankruptcy in U.S. history.The state’s Public...
May 29 2020 // As Florida gets ready to officially start hurricane season, a new survey shows a majority of residents are more concerned for this year’s potential storms than in previous years, given the simultaneous continuing...
May 29 2020 // The board of directors of Texas’ property insurer of last resort for wind and hail in the state’s coastal counties in February set a goal of $4.2 billion in catastrophe funding for 2020. At a meeting of the...
May 28 2020 // As the Soviet Union ultimately learned the hard way, price controls are a guaranteed way to prolong shortages. It has taken a few years, but there are promising signs California lawmakers may finally be ready to learn the...
May 28 2020 // At least four tornadoes raked parts of Iowa on May 26, the National Weather Service confirmed, to give the state a second day of severe weather.All of the tornadoes appeared to be weak and in mostly uninhabited areas that...
May 28 2020 // The cost of insurance claims from four natural catastrophes during Australia’s 2019-2020 summer has passed A$5.19 billion (US$3.44 billion), said the Insurance Council of Australia (ICA).Thousands of new claims and...
May 27 2020 // A tropical storm that quickly formed off the coast of South Carolina on Wednesday threatened to unleash heavy rainfall that could produce life-threatening flash flooding after making landfall near Charleston, the National...
May 27 2020 // The Texas Windstorm Insurance Association has filed the following revised endorsements with the Texas Department of Insurance for approval: Revised Endorsement No. 164 – Replacement Cost Coverage – Coverage A...
May 27 2020 // New York Congresswoman Carolyn Maloney has introduced the Pandemic Risk Insurance Act of 2020, a federal backstop for pandemic-related business interruption insurance modeled after the Terrorism Risk Insurance...
May 26 2020 // The Texas Department of Insurance will soon be taking on additional responsibility for issuing Certificates of Compliance for coverage from the state’s insurer of last resort for wind and hail for properties in areas...
May 26 2020 // Storms carrying large hail and damaging winds, including tornadoes, caused severe damage to parts of North Texas, officials said on May 23.The town of Bowie, about 65 miles (105 kilometers) northwest of Fort Worth, was hit...
May 26 2020 // People in Kodiak City reported early Saturday that they felt a moderate earthquake that struck the Kodiak Island region, the Alaska Earthquake Center confirmed. The magnitude 4.4 earthquake hit at 12:52 a.m. Saturday and...
May 26 2020 // A European Union framework is needed to provide insurance cover for catastrophes such as pandemics and huge cyber attacks, the Federation of European Risk Management (FERMA) said on Tuesday.This would involve...
May 26 2020 // With forecasters predicting another intense Atlantic hurricane season with as many as 13 to 19 named storms, disaster preparedness experts say it’s critically important for people in evacuation zones to plan to stay...
May 22 2020 // An earthquake of preliminary magnitude 5.0 shook a remote area of western Nevada Wednesday morning where a stronger temblor occurred last week, The U.S. Geological Survey confirmed. Nye County sheriff’s Capt. David...