All the headlines from our Catastrophe Topic Page, ordered by recency.
Nov 16 2023 // STANDARD, Ill. (AP) __ A magnitude 3.6 earthquake rattled northern Illinois and parts of three other states early Wednesday, awakening some residents and spurring reports to 911 about homes shaking, the U.S. Geological...
Nov 16 2023 // There is no longer any question of how to prevent high-intensity, often catastrophic, wildfires that have become increasingly frequent across the Western U.S., according to a new study by researchers at Columbia University...
Nov 15 2023 // Moody’s RMS, the risk modeling and solutions company, estimates private market insured losses from Hurricane Otis to range between US$2.5 billion and US$4.5 billion. On the other hand, Verisk puts insured losses at...
Nov 14 2023 // MENTONE, Texas (AP) – An earthquake struck a sparsely populated and remote area of West Texas last Wednesday, the U.S. Geological Survey reported, and the temblor could be felt hundreds of miles away.The USGS reports the...
Nov 14 2023 // Executive Summary: The potential for satellite technology to revolutionize claims management has long been recognized but has only recently been realized with technological advancements. Satellite-based data can give the...
Nov 14 2023 // A North Carolina investment firm and its property insurer have each won partial victories in a dispute over hurricane insurance claims that has been in court since 2019.A federal district court judge for Eastern North...
Nov 13 2023 // A wildfire burning in a remote Hawaii rainforest is underscoring a new reality for the normally lush island state just a few months after a devastating blaze on a neighboring island leveled an entire town and killed at...
Nov 13 2023 // Cyber catastrophe bonds may be about to move out of the shadows of private deal-making and into the public debt markets.So-called cat bonds, which farm out hard-to-insure risks to capital market investors in exchange for...
Nov 9 2023 // This post is part of a series sponsored by CoreLogic.Welcome to the final installment of our four-part series on wildfire hazard and risk management where we will explore the optimal use of CoreLogic’s wildfire risk...
Nov 8 2023 // Virginia Governor Glenn Youngkin has declared a state of emergency to assist firefighter response efforts on two wildfires around the state due to dry conditions and high winds. Two fires—the Quaker Run Fire in Madison...
Nov 7 2023 // The Florida Office of Insurance Regulation wants property insurers to remember that another deadline for enhanced catastrophe reporting on Hurricane Idalia claims is Nov. 16.The OIR is required by law to collect a range of...
Nov 6 2023 // Hurricane Otis not only devastated Acapulco, but also exposed fatal weaknesses in aging infrastructure, teaching hard lessons that coastal cities throughout Mexico must draw on.As Acapulco rebuilds after the deadly...
Nov 6 2023 // When Hurricane Michael hit the Florida Panhandle five years ago, it left boats, cars and trucks piled up to the windows of Bonny Paulson`s home in the tiny coastal community of Mexico Beach, Florida, even though the house...
Nov 3 2023 // This edition of International People Moves details appointments at Aspen Insurance Holdings and CNA Hardy.A summary of these new hires follows here. Aspen Taps SiriusPoint’s Mardon as Global Head of Property...
Nov 2 2023 // A wildfire fueled by Santa Ana winds that in southeast of Los Angeles, forcing about 4,000 people from their homes, has grown to 2,4897 acres and is now 20% contained.The Highland Fire started Monday afternoon in...
Nov 2 2023 // Fitch Ratings expects Hurricane Otis’ effects on Mexico’s insurance industry to be controlled and within its current ratings expectations, the agency said in a statement on Wednesday.“Fitch Ratings...
Nov 2 2023 // This post is part of a series sponsored by AgentSync.Hurricane season is upon us once again, and while The Band of Heathens isn’t worried, the rest of us are preparing. So as homeowners brace for unprecedented winds...
Nov 1 2023 // A wildfire fueled by Santa Ana winds ripped through rural land southeast of Los Angeles, forcing about 4,000 people from their homes, fire authorities said.The Highland Fire erupted at about 12:45 p.m. Monday in dry,...
Oct 31 2023 // Western Europe is bracing for the worst storm so far this season with hurricane-strength wind gusts and rain potentially disrupting travel and causing damage to buildings.Storm Ciaran will bring heavy rain and intense...
Oct 30 2023 // A magnitude 3.7 earthquake with its center at San Francisco`s international airport rattled the Bay Area Friday evening but there were no reports of damage.The U.S. Geological Survey reported the minor quake struck about 7...