All the headlines from our Catastrophe Topic Page, ordered by recency.
Mar 10 2025 // The Federal Emergency Management Agency said in February that it needs to borrow $2 billion from the U.S. Treasury to cover claims from National Flood Insurance Program policyholders.FEMA, administrator of NFIP, said it...
Mar 7 2025 // The number of wildfires in Maryland during 2024 was much higher than the ten-year average, but acreage burned was significantly lower. In Maryland, 165 fires burned 953.4 acres during 2024, compared to 199 wildfires in...
Mar 7 2025 // More insurers are paying contents coverage to California wildfire victims without requiring a detailed inventory, according to the California Department of Insurance.The CDI reported on responses from carriers following a...
Mar 6 2025 // RenaissanceRe Holdings Ltd. announced the launch of an Irish-domiciled property catastrophe bond fund, RenaissanceRe Medici UCITS Fund (Medici UCITS).A sub-fund of RenaissanceRe Medici ICAV, Medici UCITS is purpose-built...
Mar 5 2025 // Los Angeles County sued Edison International to recoup its losses from a January wildfire that was one of the most destructive in California history.The suit alleges that equipment owned by the company’s Southern...
Mar 5 2025 // The Carolinas saw some much-needed rainfall Wednesday morning, helping to quell wildfires that had burned more than 2,600 acres – but also raising the threat of tornadoes.Even with the new rainfall, insurance and weather...
Mar 4 2025 // South Carolina’s governor declared a state of emergency this week as dozens of wildfires burned across parts of North and South Carolina, causing evacuations, minor property losses and unhealthy air quality.State,...
Mar 3 2025 // ATLANTA (AP) — Georgia’s state Senate wants to boost spending on Hurricane Helene relief even more, including creating a grant program that could provide aid to individuals.The state Senate voted 55-1 last week to...
Mar 3 2025 // Pool Re, Britain’s government-backed terrorism reinsurer, has completed placement of a new retrocession programme with more than 60 international reinsurers.The placement provides £2.75 billion ($3.5 billion)...
Mar 3 2025 // Japan is battling its worst wildfire in four decades, forcing thousands of people to flee amid some of the driest weather on record.At least one person has been killed since the blaze broke out Feb. 26 near the the city of...
Feb 28 2025 // A year after devastating wildfires engulfed the Panhandle, killing three people and burning millions of acres, Texas lawmakers have filed a slate of legislation aimed at mitigating the risks and damage of future...
Feb 28 2025 // California’s $21 billion wildfire fund may shield Edison International’s balance sheet if equipment owned by the company’s electric utility is found to have caused a deadly Los Angeles fire last month,...
Feb 28 2025 // While Western wildfires have dominated disaster news for decades, new analysis using artificial intelligence shows millions of homes across the country—even in the swampy Southeast—are at risk for wildfires.New data...
Feb 27 2025 // Past the terracotta canyons and sloping hills in the Texas Panhandle is a colorful, small town center. A vibrant mural of the town’s name greets visitors, the yellow and blue paint from a historic motel can be seen...
Feb 27 2025 // Reinsurance company Swiss Re said on Thursday that claims from wildfires in Los Angeles would be less than $700 million and would impact its first quarter results, the latest European reinsurer to disclose a hit from the...
Feb 26 2025 // Germany’s Munich Re expects about 1.2 billion euros ($1.26 billion) in claims resulting from the Los Angeles wildfires, it said on Wednesday, representing the biggest loss reported so far by a single European...
Feb 25 2025 // The termination letters that ended the careers of thousands of U.S. Forest Service employees mean fewer people and less resources will be available to help prevent and fight wildfires, raising the specter of even more...
Feb 24 2025 // California Gov. Gavin Newsom has asked Congress to approve nearly $40 billion in aid to help the Los Angeles area recover from January’s devastating wildfires, which he said could become the costliest natural...
Feb 24 2025 // As someone who lost everything in a devastating fire–from cherished family photos to irreplaceable heirlooms–I understand firsthand the profound impact of both fire destruction and an insurer’s response....
Feb 21 2025 // Zurich Insurance Group AG is expecting pretax losses of $200 million from the January California wildfires as the insurer reported a 5% gain in profit for 2024.Group operating profit rose to $7.75 billion in the year, the...