All the headlines from our Catastrophe Topic Page, ordered by recency.
Apr 17 2025 // Gov. Gavin Newsom signed new legislation on Monday that will provide more than $170 million in state funding to help prevent wildfires while signing an order aimed at speeding up the work by easing environmental...
Apr 16 2025 // Wildfire losses in the U.S. are increasing, but the risk is still considerably smaller than hurricanes, according to a new KCC white paper.While we usually think of California and other western states—especially since...
Apr 16 2025 // The Travelers Cos. said first quarter 2024 fell 65% on an underwriting loss of $305 million.Travelers posted first quarter net income of about $395 million compared to about $1.1 billion during the first quarter of 2024....
Apr 15 2025 // New analysis indicates there were 1796 confirmed tornadoes in 2024, the second highest on record, according to NOAA’s Storm Prediction Center.The busy tornado season was driven by an active April and May in the...
Apr 15 2025 // Southern California Edison (SCE), a subsidiary of utility Edison International, said on Friday it had submitted an initial plan to rebuild the areas within its service territory that were devastated by the Los Angeles...
Apr 14 2025 // Hawaiian Electric Co. is making a final legislative push this month, asking lawmakers to help shore up its financial foundation, which crumbled after the 2023 Maui wildfire that killed 102 people and destroyed much of...
Apr 14 2025 // A bipartisan group of senators is supporting a bill designed to reduce wildfire risks and increase firefighting cooperation across state lines in the U.S. Western region.The Fix Our Forests Act is backed by senators from...
Apr 11 2025 // No contractors, no repair estimates, no haggling with the insurance company: After a tornado struck an Amish community in Michigan, the work was underway even before the National Weather Service could assess the...
Apr 10 2025 // Markel Promotes Brooke to Senior Underwriter of War and TerrorismMarkel, the insurance operations within Markel Group Inc., announced that Matthew Brooke has been promoted to senior underwriter, War and Terrorism,...
Apr 10 2025 // Scientists were bracing for high lava fountains during the latest episode of an ongoing eruption of Hawaii’s Kilauea volcano.Lava fountains have reached heights of 1,000 feet (305 meters) during eruptive episodes in...
Apr 9 2025 // Property-catastrophe capacity remained adequate to meet demand during the April 1 renewals for US reinsurance buyers, despite the record losses from California’s January wildfires, according to Aon and Gallagher Re...
Apr 9 2025 // A bond market designed around natural catastrophes is proving remarkably resilient to a man-made market meltdown.While most markets have seen deep selloffs since Donald Trump’s “Liberation Day” tariff...
Apr 7 2025 // Nearly three months after two wildfires destroyed thousands of homes in the Los Angeles area, officials said the death toll from the blazes had reached 30.A team responded last week following a report of possible human...
Apr 7 2025 // Reinsurance renewal rates continued dropping during January renewals, but U.S. property/catastrophe reinsurance pricing is likely to stabilize during the coming midyear renewals, according to a report from Moody’s...
Apr 7 2025 // Commercial property insurance rates continue to fall for most accounts after most property insurers saw profitable books in 2024. That’s good news for insureds, commercial property brokers say, as clients begin to...
Apr 7 2025 // PART ONE OF A TWO-PART SERIESIt was pitch black in the house and the power was off. The Santa Ana winds were howling. As planned, my wife, Jenny, gathered our two dogs and cat and scurried them into her car as I shuttled...
Apr 3 2025 // The team of hurricane researchers at Colorado State University has predicted an above-average Atlantic hurricane season for 2025.CSU’s initial forecast of the hurricane season issued April 3 calls for 17 named storms...
Apr 2 2025 // Heavy rain, severe thunderstorms and the risk of tornadoes are threatening more than 40 million people from Michigan to Texas as a slow-moving cold front hovers over the region.There’s a rare high risk for damaging...
Apr 2 2025 // Verisk said today it has acquired Nasdaq subsidiary Simplitium Limited, the owner and operator Nasdaq Risk Modelling for Catastrophes (NRMC).NRMC is a software-as-a-service platform that supports an open ecosystem where...
Apr 2 2025 // The question has come up wondering if smoke damage is covered for those homes that were impacted by the Los Angeles wildfires but were not damaged by the actual fires. A cloud of smoke from a fire is larger than the actual...