All the headlines from our Catastrophe Topic Page, ordered by recency.
Oct 24 2019 // Positive pricing momentum—it’s the favorite phrase of many reinsurance executives, who are hoping that the momentum they’ve seen in 2019 will continue during the coming January renewals and beyond.The...
Oct 23 2019 // Reinsurers’ earnings are likely to see further erosion in 2019 after another year of major catastrophe losses, which is prolonging the positive momentum for reinsurance pricing, according to AM Best.“Three...
Oct 22 2019 // Insured losses from Typhoon Hagibis, which made landfall in Japan on Oct. 12, will be between 865 billion Japanese yen (US$8 billion) and JPY 1,730 billion (US$16 billion), with more than half of the losses due to inland...
Oct 21 2019 // The National Weather Service has confirmed that three tornadoes ripped through North Texas on Sunday night, two in Dallas County and one in Van Zandt County, arising out of a storm system that caused widespread damage...
Oct 21 2019 // The City of Dallas said in a Twitter feed that no fatalities or serious injuries had been reported following a tornado that hit swept through northern part of the city on Sunday night causing widespread property damage,...
Oct 21 2019 // Tropical Storm Nestor was downgraded Saturday after it spawned a tornado that damaged homes and a school in central Florida but spared an area of the Panhandle devastated one year ago by Hurricane Michael.The storm,...
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...