All the headlines from our Catastrophe Topic Page, ordered by recency.
Feb 14 2020 // An earthquake with a preliminary magnitude of 4.0 shook California’s central coast on Wednesday but no damage or injuries were immediately reported, the U.S. Geological Survey confirmed. The quake that hit at 7:33...
Feb 13 2020 // Doctors and other experts say at least 50 more people, many of them elderly or ill, likely died as a result of the 2018 wildfire that devastated the town of Paradise, California, but were not counted in the official death...
Feb 13 2020 // American International Group reported fourth quarter 2019 net income of $922 million compared to a net loss of $622 million in the prior-year quarter. The results reflected improvement in its closely-watched General...
Feb 13 2020 // The National Weather Service has confirmed that five tornadoes ripped through parts of Maryland on Friday.Multiple news outlets report that the tornadoes were confirmed in Carroll, Cecil, Montgomery and Frederick counties....
Feb 12 2020 // Last year was a particularly hazardous one, with natural catastrophes causing excessive damages in what appears to be an ongoing trend of higher losses in the past decade, while also posing a danger in many U.S....
Feb 11 2020 // The Texas Windstorm Insurance Association (TWIA) board of directors will hold its quarterly meeting on Feb. 18, 2020, at 9:00 a.m. in Austin.The agenda for the meeting is posted on TWIA’s website. All meetings of the...
Feb 11 2020 // California utilities plan to continue shutting off power to customers during dry and windy conditions to prevent sparking deadly wildfires, but they aim to make outages more targeted to avoid widespread blackouts,...
Feb 11 2020 // A strong winter storm that has battered Europe with hurricane-force winds and heavy rains and killed at least five people moved eastward Monday, causing severe travel disruptions across the continent.After striking Britain...
Feb 11 2020 // Although the 2019 hurricane season did not have a significant impact on Florida, loss creep from prior storms continues to weigh on reinsurers, leading to a likely rise in rates for the upcoming June renewal period. As...
Feb 10 2020 // A minor earthquake struck the Southern California high desert on Saturday and was was felt across the region, the U.S. Geological Survey confirmed. The USGS reports the 3.9-magnitude earthquake hit an area about 13 miles...
Feb 10 2020 // Tsunami warning sirens wailing early Friday morning in the Southern California city of Huntington Beach were a false alarm, authorities confirmed. “There is no current threat to our community and we are working to...
Feb 10 2020 // The Insurance Council of Australia (ICA) has declared a catastrophe for property losses caused by storms and flooding along the east coast since February 5.Insurers said they have received 10,000 claims with the value of...
Feb 7 2020 // Recent wildfires in California Wine Country, particularly those that devastated parts of Napa and Sonoma counties in October 2017, have focused attention on whether insurance covers smoke taint damage to grapes and...
Feb 6 2020 // Benton County plans to appeal the Federal Emergency Management Agency’s decision to not help pay for the costs to clean up damages from two tornadoes that struck in October, officials said.The county was notified of...
Feb 6 2020 // For most of the 20th century, the insurance industry considered wildfires to be little more than a benign nuisance. They occurred frequently but rarely resulted in more than a handful of claims, and underwriters priced for...
Feb 5 2020 // Floridians currently pay the highest homeowner’s insurance rates in the nation, and no one should be surprised by this. Florida is a long relatively narrow large peninsula jutting out into bodies of warm water prone...
Feb 4 2020 // The salvage team in charge of removing a cargo ship that overturned on the Georgia coast nearly five months ago wants to surround it with a giant mesh screen to contain any loose debris as the vessel gets cut into pieces.A...
Feb 4 2020 // The Kansas Corporation Commission has approved opening general investigation dockets to allow the public access to information gathered during investigations into seismic activity in Reno and Rooks counties.The dockets...
Feb 4 2020 // This post is part of a series sponsored by CoreLogic.Preparing for a catastrophe is a science. This science involves models built from data and analytics that can capture the worst-case scenario for businesses and...
Feb 4 2020 // Chubb has launched an insurance coverage aimed at bridging gaps in traditional terrorism business interruption policies.Chubb’s Non Damage Terrorism Solutions is a single policy offering non damage business...