All the headlines from our Catastrophe Topic Page, ordered by recency.
Sep 16 2019 // As the cyber insurance market has continued its rapid growth, its loss vulnerabilities have become increasingly clear.A new report from Guy Carpenter and CyberCube Analytics has identified potential loss scenarios in the...
Sep 13 2019 // The National Weather Service says a tornado ripped through a cemetery in southeastern Minnesota.The EF-1 tornado with winds of 95 mph struck Woodlawn Cemetery in Winona early Wednesday. The tornado toppled trees and...
Sep 13 2019 // When the warning sounded shortly before midnight that a tornado could be approaching, the clock turned into a stopwatch for staff members working the night shift at a behavioral health center at a Sioux Falls...
Sep 13 2019 // No damage or injuries have been reported after an early Thursday morning earthquake struck near the border of Missouri and Arkansas.The U.S. Geological Survey says the 3.7-magnitude earthquake was recorded early on Sept....
Sep 13 2019 // Bankrupt California utility giant PG&E Corp. resolved a key battle by agreeing to pay $11 billion to settle insurance claims from wildfires blamed on its equipment. An even bigger struggle looms.The settlement with...
Sep 13 2019 // Tropical storm warnings have been declared for the Bahamas, which was just battered by Hurricane Dorian, evidence of strengthening in a system that forecasters say is moving toward Florida or the Gulf of Mexico.The storm...
Sep 12 2019 // Global temperature change, global trade collapse and cyber warfare are the top three “extreme risks” identified in a study from Willis Towers Watson.The new paper out this month is part of the firm’s...
Sep 12 2019 // The Texas Windstorm Insurance Association has identified appointees to its Actuarial/Underwriting Committee.The committee has historically developed recommendations to the TWIA Board concerning association rate filings,...
Sep 12 2019 // Severe weather, including a probable tornado, struck South Dakota’s largest city late on Tuesday, leaving a trail of damaged buildings, downed power lines, fallen trees and some reports of injuries, officials...
Sep 12 2019 // In its 2019 Wildfire Risk report, a global property information, analytics and data-enabled solutions provider, CoreLogic, shows that across the nation nearly 776,000 homes with an associated reconstruction cost value of...
Sep 12 2019 // Nearly 776,000 homes with a reconstruction cost value of more than $221 billion are at extreme risk of wildfire damage, a new report out Thursday shows.The 2019 CoreLogic Wildfire Risk Report examines single-family and...
Sep 11 2019 // A storm cell that passed over Portland, Ore., prompted two tornado warnings after trained storm spotters saw funnel clouds north and south of the Columbia River.The Oregonian/OregonLive reported that forecasters said the...
Sep 11 2019 // Federal Emergency Management Agency officials who oversaw the reconstruction of Puerto Rico’s electrical grid and the former president of Cobra Acquisitions were arrested on fraud and conspiracy charges linked to...
Sep 10 2019 // Extended development from North American hurricane losses and losses from non-peak perils like California wildfires have finally jolted reinsurers out of a soft reinsurance market, according to a report from reinsurance...
Sep 10 2019 // The hit CBS Corp. comedy “Young Sheldon” about a child genius, wasn’t so smart when it came to a mock tornado warning, according to the Federal Communications Commission.Even modified, the tornado warning...
Sep 10 2019 // California utility giant PG&E Corp. has issued its long-awaited plan for emerging from the largest utility bankruptcy in U.S. history: Raise debt, offer equity and cap the wildfire liabilities that led to its collapse...
Sep 10 2019 // Insured losses in the Caribbean from Hurricane Dorian is estimated at $3.5 billion to $6.5 billion, according to RMS, the risk modeling and analytics firm.This estimate represents insured losses associated with wind and...
Sep 10 2019 // A typhoon blew across the Tokyo metropolitan area Monday morning, killing one person and causing dozens of injuries, while disrupting rush-hour travel and knocking out power.Several railway and subway operators suspended...
Sep 10 2019 // Residents and the insurance industry in Southeast states are feeling relieved after Hurricane Dorian grazed the U.S. coastline last week just days after it caused catastrophic damage in the Bahamas.While the storm was at...
Sep 9 2019 // As the cyber insurance market has continued its rapid growth, its loss vulnerabilities have become increasingly clear.A new report from Guy Carpenter and CyberCube Analytics has identified potential loss scenarios in the...