All the headlines from our Catastrophe Topic Page, ordered by recency.
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...
Oct 30 2019 // The board of directors of the Texas Windstorm Insurance Association (TWIA) have elected two individuals to fill the recently vacated executive positions of vice chair and secretary-treasurer.TWIA public representative...
Oct 30 2019 // Property Claims Services (PCS), a Verisk subsidiary, has extended the catastrophe loss aggregation methodology, previously developed for use in Japan, to cover more territories in the region.Starting Jan. 1, 2020, PCS will...
Oct 29 2019 // Typhoon Hagibis is likely to be an earnings event for Japan’s three main non-life insurance groups, MS&AD Insurance Groups Holdings, Sompo Japan Nipponkoa Insurance and Tokio Marine & Nichido Fire Insurance...
Oct 29 2019 // PG&E Corp. told a judge it’s willing to extend the deadline for victims of wildfires caused by the utility’s equipment to file claims in its bankruptcy.U.S. District Judge James Donato criticized the...
Oct 29 2019 // PG&E Corp. investors looking to learn their fate may not get the answer from the bankrupt power company. Instead, the key data point could pop up within days on the website of California’s forestry...
Oct 29 2019 // Damages from the fires ripping across California stand at $25.4 billion, and they’re bound to keep rising.The Kincade fire has cost $10.6 billion, while the tally in Southern California is $14.8 billion mainly from...
Oct 28 2019 // Mass power shutoffs by PG&E Corp. left more than 2.7 million Californians in the dark Sunday, the state’s largest deliberate blackout ever, as the bankrupt utility tries to keep its equipment from igniting...
Oct 28 2019 // Torrential rain that caused flooding and mudslides in towns east of Tokyo left at least 10 people dead and added fresh damage in areas still recovering from recent typhoons, officials said Saturday.Rescue workers found the...
Oct 25 2019 // The nine tornadoes that hit the Dallas, Texas-area over the weekend have caused an estimated $2 billion in damage, an insurer trade group says, making it the costliest tornado loss in Texas history.The Insurance Council of...
Oct 25 2019 // As wildfires rage and utilities race to restore power, the worst may be yet to come for California residents.PG&E Corp. has restored power to about 165,000 customers in portions of 18 counties, or about 93% of those...
Oct 25 2019 // Insurance adjusting firm CNC Catastrophe & National Claims has added George Kattermann as senior vice president of Claims Operations.He joins the team with more than 30 years of experience in catastrophe claims and...
Oct 24 2019 // The National Weather Service says nine tornadoes struck the Dallas area during Sunday’s stretch of severe storms in Texas.Forecasters confirmed the twisters Tuesday after surveying damage throughout North Texas. The...
Oct 24 2019 // More than half a million people have lost power across California as part of a deliberate blackout designed to keep power lines from igniting wildfires. Meanwhile, a major blaze has already erupted.PG&E Corp. and other...
Oct 24 2019 // The National Weather Service confirmed a tornado touched down near Shelton, Wash.The tornado his on Friday night, with had winds up to 100 mph. The tornado started on land and traveled more than a half mile before moving...