All the headlines from our Catastrophe Topic Page, ordered by recency.
Dec 31 2018 // It was a busy year in the Southeast with two major hurricanes that wreaked havoc on the region, an escalating insurance crisis in Florida, and a new industry-specific cybersecurity law in South Carolina that takes effect...
Dec 28 2018 // Some officials in one Florida Panhandle county are pushing for Hurricane Michael to be labelled a Category 5 storm. The News-Herald reports that some in Bay County – which was hit hard by the fierce October storm...
Dec 28 2018 // The Insurance Council of Australia (ICA) last week declared a catastrophe following storms that caused extensive hail and water damage across Sydney and the Central Coast in New South Wales (NSW).As of Dec. 21, insurers...
Dec 28 2018 // California Insurance Commissioner Dave Jones said this week that most insurers were following a notice he issued requesting that residential property insurers provide at least 75 percent and up to 100 percent of contents...
Dec 28 2018 // Powered by InsuranceJournal.tv The California wildfires of 2018 were devastating, burning hundreds of thousands of acres, costing numerous lives and destroying thousands of properties.The California Department of Insurance...
Dec 27 2018 // A tornado damaged more than 70 homes in a mobile home park and a 90-year-old woman was taken to a hospital after a roof fell on her head after a day of wild weather in central Florida Dec. 20.Officials in Pasco County,...
Dec 27 2018 // Indonesian authorities widened an area marked as a danger zone around the Mount Anak Krakatau as the volcano continued to send hot ash clouds into the sky after a weekend tsunami triggered by a landslide killed more than...
Dec 21 2018 // AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of California Capital Insurance Co. and its...
Dec 21 2018 // A Northern California utility says it has restored power interrupted by a wildfire six weeks ago to all customers able to receive it.Pacific Gas & Electric said this week the last of about 10,000 residents of Paradise...
Dec 21 2018 // A Florida man has been sentenced to eight years in prison for taking advantage of people who suffered property damage last year during Hurricane Irma. Collier County prosecutors says 44-year-old Daniel Lawrence Ohleyer was...
Dec 21 2018 // Some Georgia farmers are eligible for federal loans to help cover the costs of losses sustained because of Hurricane Michael. The Augusta Chronicle reported Tuesday that Agriculture Secretary Sonny Perdue designated...
Dec 20 2018 // A rare tornado touched down in a Seattle suburb on Tuesday, the National Weather Service confirmed.The tornado damaged several homes and toppled trees, authorities said. Based on radar imagery and video evidence, a tornado...
Dec 20 2018 // Fitch Ratings said it expects the November wildfires in California to have some but not great impact on property/casualty insurers’ year-end results and it anticipates limited or no rating actions due to the fires....
Dec 20 2018 // Officials in Florida’s Panhandle have agreed to take out a $50 million loan to help pay for Hurricane Michael-related bills until federal reimbursements are received.The Panama City Commission approved the measure...
Dec 19 2018 // RenaissanceRe Holdings Ltd. and Dutch pension fund manager PGGM announced they have launched Vermeer Reinsurance Ltd. to provide capacity focused on risk remote layers in the U.S. property catastrophe market.PGGM is a...
Dec 19 2018 // A study of hurricane-hit areas of the United States has revealed a trend of larger homes being built to replace smaller ones in the years following a storm.The research, led by the University of Southampton (UK) and...
Dec 18 2018 // An earthquake centered in eastern Tennessee also was felt in three other states.The U.S. Geological Survey website says the epicenter of the magnitude 3.0 earthquake early Sunday was about two miles (four kilometers)...
Dec 18 2018 // Machine-learning research published in two related papers today in Nature Geosciences reports the detection of seismic signals accurately predicting the Cascadia fault’s slow slippage, a type of failure observed to...
Dec 18 2018 // According to preliminary sigma estimates from Swiss Re, total economic losses from natural and man-made catastrophes in 2018 declined to USD $155 billion from USD $350 billion in 2017. Global insured losses are estimated...
Dec 17 2018 // Allstate Corp. tumbled for nine straight days, the longest string of losses since 2001, as coverage costs from the deadliest fires in California’s history are tallied.The company seemed to have “out-sized...