All the headlines from our Catastrophe Topic Page, ordered by recency.
Oct 21 2019 // A 4.7-magnitude earthquake struck off the coast of southern Oregon, The U.S. Geological Survey confirmed. The USGS mapped the earthquake about 96 miles off the coast of Port Orford, a small town in Curry County about 25...
Oct 21 2019 // Commercial property underwriters are adjusting to a market defined by rising catastrophe losses and dwindling profits. From increasing rates and higher deductibles to fewer classes of business and stricter underwriting,...
Oct 18 2019 // Twenty-six insurers have agreed to extend the time limits for 2017 wildfire survivors to access additional living expense benefits.The companies represent a majority of the total losses from the devastating 2017 wildfires...
Oct 18 2019 // A disturbance in the southwestern Gulf of Mexico is likely to become a tropical storm that will hit the northern U.S. Gulf Coast with wind and rain, forecasters said Thursday.Moving off the eastern coast of Mexico, the low...
Oct 18 2019 // Noteholders of PG&E Corp. and a committee for victims of the wildfires that pushed the power producer into bankruptcy filed a formal reorganization plan on Thursday for the company, proposing they get effectively all...
Oct 18 2019 // The recent mega-typhoons in Japan are unlikely to affect the financial stability of the country’s three major non-life insurers due to their appropriate catastrophe risk management and strong capitalization levels,...
Oct 17 2019 // It’s been just over a year since Hurricane Michael made landfall in the Florida Panhandle, devastating the region as a Category 5 storm with 161-mph winds and causing more than $7.2 billion in estimated insured...
Oct 16 2019 // The sunsets are a sight to behold in Joe Leonard’s neck of the woods these days. A year ago, lush stands of towering pines obscured the horizon, he said as he drove his pickup along a dusty Florida Panhandle road....
Oct 16 2019 // RenaissanceRe Holdings Ltd. announced it estimates losses from third quarter 2019 catastrophe events will have an estimated net negative impact of approximately $155 million on its third quarter 2019 results.The estimated...
Oct 16 2019 // Everest Re Group Ltd. announced a preliminary pre-tax catastrophe loss estimate for the third quarter of 2019 in the amount of $280 million.This amount is net of reinsurance recoveries and reinstatement premiums, said...
Oct 15 2019 // Millions of Californians are expected to practice how to dropping, covering and holding on when the ground shakes during the Great California ShakeOut on Thursday at 10:17 a.m.The annual earthquake drill will coincide with...
Oct 15 2019 // A deadly wind-driven wildfire that raged across the northern edge of Los Angeles last week started near the base of high-voltage transmission tower owned by electric utility Southern California Edison, company and fire...
Oct 14 2019 // A small earthquake has been reported in southeastern Missouri.The U.S. Geological Survey says the magnitude 3.0 earthquake occurred just before 8 a.m. Saturday and was centered about 2.7 miles (4 kilometers) southwest of...
Oct 14 2019 // Hurricane Dorian made landfalls in the Bahamas, North Carolina, and Canada in early September, bringing total economic and insured losses in the billions, according to Aon’s monthly Global Catastrophe Recap...
Oct 14 2019 // AXIS Capital Holdings Ltd. announced a preliminary pre-tax loss estimate for Hurricane Dorian, Japanese typhoons and other weather-related events in the range of $150 million to $175 million, net of estimated recoveries...
Oct 12 2019 // Japan is sending more than 110,000 people including its Self-Defense Forces to tackle rescue and cleanup operations in the wake of the most powerful typhoon to hit the country in decades, which left at least 43 people...
Oct 11 2019 // A year after Hurricane Michael, the Florida county hardest hit by the Category 5 storm is still in crisis: Thousands in Bay County are homeless, medical care and housing are at a premium, domestic violence has become a...
Oct 11 2019 // Burning trash dumped by a garbage truck caused a fire that by early Friday had destroyed dozens of homes in California’s Riverside County, fire officials said, as wildfires across the state led to power cuts for...
Oct 10 2019 // Since Hurricane Michael made landfall Oct. 10, 2018, federal assistance for recovery in the 18 affected counties is nearly $1.9 billion, including FEMA grants, National Flood Insurance Program payments and U.S. Small...
Oct 10 2019 // Texas insurer of last resort for properties along the state’s coast is seeking input from the public in advance of a meeting of its Actuarial & Underwriting Committee.The Texas Windstorm Insurance...