All the headlines from our Catastrophe Topic Page, ordered by recency.
Nov 21 2018 // A magnitude 4.1 earthquake has shaken an area beneath Olympic National Park south of Port Angeles, the U.S. Geological Survey has confirmed.The USGS reported the earthquake hit just after 3 a.m. Monday. There were no...
Nov 21 2018 // Developer Jeff Lamkin knew the risks when he paid $250 million for 63 acres of an island off the Texas coast. But he saw only upside in the quaint little beach town of Port Aransas.Over the next 10 years he built Cinnamon...
Nov 20 2018 // Roughly one-in-10 insurers have exposures to PG&E bonds, which could potentially used to payout on losses from the California wildfires, according to ratings agency A.M. Best.It was recently determined that a second...
Nov 20 2018 // PG&E Corp.’s $1.4 billion in wildfire insurance may not be enough to cover all its potential liabilities from the deadliest blaze in California history. But the company wasn’t necessarily skimping on...
Nov 20 2018 // It has been just over a month since Hurricane Michael slammed the Florida Panhandle as a Category 4 hurricane with wind speeds reaching just shy of Category 5 status.The devastation from the storm that killed at least 35...
Nov 19 2018 // Insured losses from the Camp and Woolsey wildfires in California will be between $9 billion and $13 billion, according to the latest estimates from catastrophe modeler RMS.RMS’ latest estimates released on Monday...
Nov 19 2018 // California utility PG&E Corp , facing investor concerns over its possible role in the deadly Camp Fire in Northern California, has reported another power-line outage that it experienced on the morning of Nov. 8 when...
Nov 19 2018 // A federal report shows Hurricane Florence broke records in a key flooding measure at more than two-dozen stream gauges in the Carolinas. The U.S. Geological Survey released a report Nov. 13 on streamflow, which measures...
Nov 16 2018 // S&P Global Ratings expects both the primary insurers and reinsurers to be able to absorb losses from the California wildfires, limiting them to an earnings event.However, the mounting bills from more frequents large...
Nov 16 2018 // Between the devastating wildfires in California and the destructive forces of Hurricanes Florence and Michael on the East Coast earlier this fall, the property/casualty insurance market has been put to the test this...
Nov 14 2018 // Derek Ross has his hands full with the Woolsey Fire in Southern California for three reasons.He’s an insurance agent with numerous clients affected, he’s the president of the board of a school district...
Nov 14 2018 // Shares of utility PG&E Corp. fell 18 percent on Wednesday after the company warned of liquidity concerns if its equipment was found responsible for starting the Camp wildfire currently raging in California.The company...
Nov 14 2018 // California’s deadly wildfires have a straightforward solution, experts say: stop building homes in places that are likely to burn — and make homes that already exist in those areas a whole lot tougher.That...
Nov 14 2018 // The National Weather Service has confirmed two tornadoes hit northeast Mississippi last week.A preliminary survey Nov. 6 showed a twister with top winds of 115 mph (185 kph) struck in Pontotoc County. The tornado, rated...
Nov 13 2018 // The “new normal” for California has yielded another year of record wildfires and billions of dollars in insured losses. Homeowners insurance rates inch up in high risk areas, and carriers get more cautious...
Nov 13 2018 // Last year’s California wildfires destroyed thousands of homes and cost billions of dollars, but they also created numerous new laws and regulations in their wake as Legislators and insurance regulators looked for...
Nov 13 2018 // California utilities are facing the very real possibility that billion-dollar blazes could become an annual occurrence, and they don’t know how to pay for them.Shares of the state’s two largest utilities...
Nov 13 2018 // California’s raging wildfires are so bad that American International Group Inc. and Chubb Ltd. are deploying teams of specialists and former firefighters to spray retardants on homes. The season may soon rank among...
Nov 12 2018 // An analysis by catastrophe modeler RMS shows 15 wildfires are burning more than 280,000 acres in California have collectively destroyed nearly 7,000 homes and businesses and killed 31 people.Roughly 300,000 have been...
Nov 12 2018 // The most destructive wildfires in California’s history have killed at least 31 people and forced tens of thousands more to evacuate as firefighters struggle to gain control amid swirling winds.The so-called Camp Fire...