All the headlines from our Catastrophe Topic Page, ordered by recency.
Apr 25 2024 // The New Jersey Forest Fire Service said it has reached 100% containment of a 510-acre wildfire in the area of Jackson Rd. in Wharton State Forest.The fire burned in both Waterford Twp, Camden County and Shamong Twp,...
Apr 25 2024 // Re/insurer Ariel Re and Hiscox Re & ILS, the reinsurance and insurance linked securities arm of insurer Hiscox, announced the launch of CyberShock, a cyber catastrophe consortium.The CyberShock consortium is designed...
Apr 25 2024 // SageSure, a managing general underwriter focused on catastrophe-exposed markets, and SureChoice Underwriters Reciprocal Exchange (“SURE”), a policyholder-owned reciprocal exchange, announced the close of the...
Apr 24 2024 // ICEYE, the microsatellite manufacturer and catastrophe monitoring company, announced definitive agreement signed for an oversubscribed $93 million growth funding round.The financing will further accelerate investment in...
Apr 24 2024 // Amy Chadwick spent years scrimping and saving as a single mother of two to buy a house in the town of Lahaina on the Hawaiian island of Maui. But after a devastating fire leveled Lahaina in August and reduced...
Apr 23 2024 // As time passes after hurricanes, new analysis by Stanford University researchers shows perception of personal risk, including the likelihood of injury and home damage, decline.The findings suggest that programs and...
Apr 23 2024 // Wildfires erupted across Canada’s main oil producing province of Alberta and an evacuation order was issued as the region braces for a repeat of last year’s unprecedented season.Members of the indigenous first...
Apr 22 2024 // China is developing the “ability to physically wreak havoc” on U.S. critical infrastructure and its hackers are waiting “for just the right moment to deal a devastating blow,” FBI Director...
Apr 22 2024 // More than half a year after the deadliest U.S. wildfire in more than a century burned through a historic Maui town, officials are still trying to determine exactly what went wrong and how to prevent similar catastrophes in...
Apr 19 2024 // This edition of International People Moves details appointments at Lloyd’s syndicate AEGIS London and Markel, the insurance operations within Markel Group.A summary of these new hires follows here. AEGIS London Hires...
Apr 19 2024 // Allstate Corporation estimated pretax catastrophe losses of $731 million, with $328 million from the month of March.Six events contributed to the $343 million total for March — before favorable reserve re-estimates...
Apr 18 2024 // When the Texas Panhandle went up in flames this winter, the news spread fast on Wall Street. An electric utility by the name of Xcel Energy Inc. was getting blamed for the massive blaze — a lawsuit pointed the finger at...
Apr 17 2024 // A section of TC Energy’s NGTL gas pipeline system in Alberta ruptured and caught fire on Tuesday, sparking a wildfire in a remote area, the company said.“An initial ignition of natural gas at the rupture site...
Apr 16 2024 // Wild weather is sweeping the central US on Tuesday with tornado watches posted across parts of Nebraska and Kansas and an enhanced risk of severe thunderstorms later in Iowa, Missouri and Illinois, the National Weather...
Apr 12 2024 // Canada’s emergency preparedness minister warned Wednesday the country’s wildfire season could be more explosive than last year when it led to unprecedented smoke conditions across much of the country and into...
Apr 11 2024 // Striior Insurance Solutions a managing general agent specializing in builder’s risk and a division of Intact Insurance Specialty Solutions, has partnered with Green Shield Risk Solutions, a Chicago-based catastrophe...
Apr 11 2024 // Tampa-based Slide Insurance announced it has finalized pricing for its $210 million Purple Re Ltd. (Series 2024-1) catastrophe bond.The largest cat bond sponsored by Slide to date, Purple Re Ltd. provides 40% more in fully...
Apr 11 2024 // It’s shaping up to be a long wildfire season, with Texas already seeing its largest blaze in recorded history and firefighters becoming overwhelmed with recent blazes in Virginia.Just in the first three months of the...
Apr 11 2024 // The 2023 wildfire season in the Europe was among the worst this century, according to a European Commission report published on Wednesday.Last year, more than half a million (504,002) hectares, an area twice the size of...
Apr 10 2024 // MOORELAND, Okla. (AP) — Two Oklahoma volunteer firefighters are recovering after suffering burns battling a weekend wildfire in northwest Oklahoma, officials said.Mooreland firefighters Jared Brittain and Max Clark...