All the headlines from our Catastrophe Topic Page, ordered by recency.
Nov 6 2019 // Nearly a year after the deadliest and costliest wildfire in U.S. history, insurers and the customers they cover are revisiting how to reduce their collective exposure to this risk, according to the Insurance Information...
Nov 5 2019 // West Texas has seen a dramatic increase in earthquakes, jumping from 19 in 2009 to 1,600 in 2017 alone, according to a new study published on Nov. 4 by the University of Texas at Austin.The study, which was published in...
Nov 5 2019 // A small earthquake has rattled a Northern California wine region where a huge wildfire was burning, the United States Geological Survey confirmed.The USGS reported the quake with a preliminary magnitude of 4.2 struck at...
Nov 4 2019 // North Carolina legislators are aiming to locate more funds to help with the recovery from recent hurricanes, with an emphasis on lessening damages in future storms. The full House voted unanimously Wednesday night for a...
Nov 4 2019 // Workers’ compensation insurer, Texas Mutual Insurance Co. has donated $100,000 to Communities Foundation of Texas (CFT), the state’s largest community foundation. The donation, which will go toward CFT’s...
Nov 4 2019 // Officials say severe storms that moved through Tennessee on Halloween knocking down trees and power lines led to the death of a man. The Knoxville Police Department tweeted on Friday that 79-year-old George Walker was...
Nov 4 2019 // The U.S. Geological Survey says several earthquakes were recorded in south-central Kansas and northern Oklahoma this weekend, but no significant damage was reported. The Kansas City Star reports that one earthquake with a...
Nov 4 2019 // The U.K. fracking industry suffered a fatal blow as the Conservative government ended its support for the controversial practice.The move, just weeks ahead of a general election, effectively bans new wells using hydraulic...
Nov 4 2019 // The nine confirmed tornadoes that hit the Dallas, Texas-area late on Sunday, Oct. 20 have caused an estimated $2 billion in damage, an insurer trade group says, making it the costliest tornado loss in Texas history.The...
Nov 1 2019 // A wildfire that erupted overnight near Los Angeles has forced 7,500 people to flee as the tail end of a powerful windstorm takes its a final swing at Southern California.The blaze in Ventura County ripped through more than...
Nov 1 2019 // Catastrophe losses prevented American International Group from having a third quarter in a row of property/casualty underwriting profit this year, following many years of losses.AIG said that its General Insurance unit...
Nov 1 2019 // Insured losses stemming from Typhoon Hagibis in Japan are estimated to range between US$$7 billion and $11 billion, according to Newark, Calif.-based catastrophe modeling firm RMS.While last month’s Typhoon Faxai was...
Nov 1 2019 // PERILS, the independent Zurich-based company that provides industry-wide catastrophe insurance data, announced it has extended its market coverage to include New Zealand.PERILS is now making available market-wide property...
Nov 1 2019 // Australia faces the prospect of more severe cyclones, wildfires and floods as the climate warms, the nation’s largest insurer said.A 3 degree Celsius increase in global temperatures will lead to higher intensity...
Nov 1 2019 // Gov. Kristi Noem is requesting a presidential disaster declaration for the damage caused by tornadoes and floods that struck southeastern South Dakota in September.Noem made her request in a letter to President Donald...
Nov 1 2019 // In mid-October, Texas Insurance Commissioner Kent Sullivan denied a request by the Texas Windstorm Insurance Association (TWIA) to raise its maximum liability limits for new and renewal policies with an effective date of...
Nov 1 2019 // Some insurers may be facing sizable risks stemming from the latest round of California wildfires now raging, but Chubb Chairman and CEO Evan Greenberg insists his company isn’t one of them.“We do have a quota...
Oct 31 2019 // While the number of burned acres in 2019 is still well below the number reported last year through October, experts predict the greatest fire potential will occur from now through December as the Santa Ana winds pick up,...
Oct 31 2019 // Insurance carriers and agents are applauding a House committee vote advancing a bipartisan measure to renew the federal terrorism reinsurance program.The House Financial Services Committee unanimously (57-0) passed the...
Oct 30 2019 // A catastrophe modeler released figures on Wednesday showing how costly ongoing California blazes could potentially be as blustery winds make for increasingly dangerous fire risk up and down the state.Damages from the fires...