All the headlines from our Catastrophe Topic Page, ordered by recency.
Jul 1 2019 // PG&E Corp. is lobbying for legislation that would allow the bankrupt California utility giant to securitize some of its profits to pay for past wildfire liabilities, people familiar with the matter said.PG&E was...
Jul 1 2019 // Munich Re had teamed up with a unit of the National Insurance Crime Bureau to offer insurance carriers an analytics tool that can quickly assess property damage after natural catastrophes and speed up claims payments.Roman...
Jul 1 2019 // The Oregon Legislature has repealed a nearly 25-year-old law prohibiting new schools, hospitals, jails, and police and fire stations from being built in the state’s tsunami inundation zone. Coastal legislators, who...
Jul 1 2019 // Texas’ insurer of last resort for properties in counties along the state’s coastline says it has $4.2 billion in available funds as this year’s hurricane season gets underway. That amount includes a $111...
Jul 1 2019 // Earthquake coverage is available mostly from private insurance companies. In California homeowners can also get coverage from the California Earthquake Authority (CEA), a privately funded, publicly managed organization....
Jul 1 2019 // The combined global losses from natural disasters in 2017 and 2018 were the highest ever for a two-year period. While no single major catastrophe caused massive destruction in 2018, nearly 400 smaller natural disasters...
Jun 28 2019 // A downed Pacific Gas & Electric power line is blamed for sparking a wildfire in eastern Monterey County, Calif. this week.The California Department of Forestry and Fire Protection says the 2,456-acre blaze that erupted...
Jun 27 2019 // The majority of Americans say global warming is important to them, and that it’s affecting the weather in the U.S.A national survey by the Yale Program on Climate Change Communication and the George Mason University...
Jun 27 2019 // A blistering heatwave prompted Germany to impose speed restrictions on usually limit-free stretches of its high-speed motorways Wednesday, the latest sign of extreme weather events ruffling Europe’s largest...
Jun 27 2019 // The National Weather Service says storm-related damage indicates that a rare tornado touched down in West Virginia.The weather service tweeted that a tornado hit the Alum Creek area Monday night along U.S. Route 119...
Jun 27 2019 // The Florida Legislature looked at and passed many pieces of legislation in the 2019 session that will impact the insurance industry. The following are summaries of what passed — and what didn’t. HB 7065 – AOB...
Jun 26 2019 // Climate change in the Western U.S. means more intense and frequent wildfires churning out waves of smoke that scientists say will affect tens of millions of people and cause premature deaths to spike.That’s prompting...
Jun 26 2019 // A committee of bondholders of PG&E Corp.’s utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up to $30 billion to help the California power provider emerge from Chapter 11 and...
Jun 26 2019 // This post is part of a series sponsored by CoreLogic. Hurricanes are often some of the most destructive and costly natural hazards. Their impact on homes, businesses and infrastructure comes in the form of strong winds and...
Jun 26 2019 // Officials say the Florida Keys will receive $21 million for Hurricane Irma recovery, along with $35 million for affordable housing. Gov. Ron DeSantis announced the money during a Thursday news conference in Marathon. The...
Jun 25 2019 // The Oregon Legislature has repealed a nearly 25-year-old law prohibiting new schools, hospitals, jails, and police and fire stations from being built in the state’s tsunami inundation zone. The Statesman Journal...
Jun 25 2019 // Experts say that southeastern Virginia could suffer $40 billion in losses if it’s struck by a major hurricane.Professors from Old Dominion University said in a recent report that the damages could seriously puncture...
Jun 24 2019 // Texas’ insurer of last resort for properties in counties along the state’s coastline says it has $4.2 billion in available funds as this year’s hurricane season gets underway.By comparison, at the start...
Jun 21 2019 // California Gov. Gavin Newsom is pressing lawmakers on a wildfire fund that may be financed through bonds to help utilities pay for the catastrophic blazes their power lines keep igniting, according to people familiar with...
Jun 21 2019 // Hamilton Re has sponsored issuance of its first catastrophe bond.The reinsurance platform of Bermuda-based holding company Hamilton Insurance Group said that the issuance has taken place through its Hamilton Capital...