All the headlines from our Catastrophe Topic Page, ordered by recency.
Nov 26 2019 // AXIS Capital Holdings Ltd. announced a preliminary pre-tax loss estimate for Japanese Typhoon Hagibis in the range of $90 million to $110 million, net of estimated recoveries from reinsurance and retrocessional covers, and...
Nov 25 2019 // State insurance officials say Jefferson City, Missouri, residents made more than $170 million in insurance claims after a tornado hit the city on May 22.KMIZ reports Missouri Department of Insurance data shows insurers...
Nov 25 2019 // The Alaska Earthquake Center confirmed an earthquake hit the Andreanof Islands region. The center says the magnitude 6.3 earthquake struck at 3:54 p.m. Saturday. The epicenter was 59 miles southeast of Adak, a village of...
Nov 25 2019 // California utility PG&E Corp. has imposed 10 intentional blackouts this year to reduce risks its power infrastructure could spark wildfires and said they will continue for a decade.PG&E initially said outages would...
Nov 25 2019 // The Santa Ana winds were blowing as Greg Medeiros ducked behind his Chevy Tahoe on a remote hillside 25 miles from the edge of Los Angeles’s sprawl. He gestured to the valley below, describing his vision of...
Nov 25 2019 // A Florida woman has been convicted of fraudulently obtaining Hurricane Irma disaster relief money.Court records show that 37-year-old Karen Latrice Houston was convicted by a jury in Tampa federal court this week of three...
Nov 25 2019 // The Philippines, among the world’s most disaster-prone nations, sold its maiden foreign-currency catastrophe-linked bonds to help cover costs of major calamities, in conjunction with the World Bank.The dual-tranche...
Nov 22 2019 // Premium volume from homeowners polices written by California’s surplus lines industry, although still small, has doubled over the past four years, seemingly pushed by an increase in wildfires in the state.Some...
Nov 22 2019 // The Pacific Northwest Seismic Network confirmed a magnitude 3.5 earthquake struck the region near Coulee City and Grand Coulee Dam in eastern Washington state. The network reported the earthquake struck about 8:48 on...
Nov 22 2019 // Portland has agreed to pay $350,000 in attorneys’ fees related to a now-repealed policy that mandated warning signs on brittle brick buildings saying they are seismically unsafe.The Oregonian/OregonLive reported the...
Nov 22 2019 // Two former officials of a Florida city are charged with conspiring with two businesses to bilk the federal government out of $5 million in Hurricane Michael cleanup money, the U.S. attorney’s office announced...
Nov 21 2019 // About 50,000 homes and businesses across Northern California were without power on Wednesday during the latest planned outage instituted by utility Pacific Gas & Electric Co. to guard against risk of wildfire during...
Nov 20 2019 // California Insurance Commissioner Ricardo Lara on Wednesday issued an emergency notice to all property/casualty insurers doing business in California requesting they expedite claims handling for wildfire survivors to help...
Nov 20 2019 // When the board of directors of Texas’ property insurer of last resort for wind and hail along the Texas coast meets in December, its members will be considering a 5% rate increase recommended by the...
Nov 20 2019 // Legislation to renew the federal terrorism reinsurance program advanced another step today when it was passed by the Senate Banking Committee.The Senate legislation (S.2877) is identical to the bill (H.R. 4634) that passed...
Nov 19 2019 // The House of Representatives on Monday passed a bill reauthorizing the federal terrorism reinsurance program by a vote of 385-22.The vote came on the Terrorism Risk Insurance Program Reauthorization Act of 2019 (H.R....
Nov 19 2019 // Fire tornadoes are set to become a more common feature of the Australian landscape as climate change takes hold later this century.That’s according to new research from the University of New South Wales’s...
Nov 19 2019 // Willis Re Securities reports it has structured and placed EUR 120 million of insurance-linked securities (ILS) to provide reinsurance capacity for Covéa Mutual Insurance Group, France’s largest domestic...
Nov 19 2019 // A string of powerful typhoons that struck Japan has left scars on the country’s non-life insurers, with industry giants likely forced to pay a combined $8 billion in insurance payments in the current fiscal year that...
Nov 19 2019 // Florida’s new Insurance Consumer Advocate Tasha Carter has been busy since taking office August 1. With more than 12,000 Hurricane Michael claims still open, according to the Florida Office of Insurance Regulation,...