All the headlines from our Catastrophe Topic Page, ordered by recency.
Jul 31 2023 // Insurer CNA Financial missed second-quarter profit estimates on Monday, as wider catastrophe losses in its property and casualty (P&C) segment partially offset higher investment income.Profits at insurers came under...
Jul 28 2023 // Typhoon Doksuri swept into southern China on Friday, unleashing heavy rain and violent gusts of wind that whipped power lines and sparked fires, uprooted trees, and ripped off part of a stadium roof.The typhoon is the most...
Jul 27 2023 // Greece is fighting almost 200 wildfires as strengthening winds put a sting in the tail of the Mediterranean’s fading heat wave.More villages in mainland Greece were evacuated on Thursday as blazes threatened, while...
Jul 27 2023 // The Philippines, recovering from damage wrought by Typhoon Doksuri, is seeking a new insurance plan as protection against future calamities after its catastrophe bond lapsed.“We no longer have a cat bond,”...
Jul 27 2023 // An international team began siphoning oil out of a decrepit oil tanker off the coast of Yemen on Tuesday, the United Nations chief said, a crucial step in a complex salvage operation aiming to prevent a potential...
Jul 26 2023 // Louisiana Gov. John Bel Edwards and the Office of Community Development announced that homeowners impacted by Hurricanes Laura, Delta, Ida and the May 2021 severe storms have until August 1 to complete the Restore...
Jul 26 2023 // Mississippi Gov. Tate Reeves has requested financial assistance from the federal government for 16 counties hit by tornadoes and damaging storms that hammered the state over a five-day period in June, he announced...
Jul 26 2023 // Wildfire Defense Systems Inc., Polo Managing Agency Ltd. (PMA) and Aon, announced Lloyd’s has approved the launch of Wildfire Defense Syndicate 1996, which started underwriting on July 1, 2023.Created under...
Jul 25 2023 // A 3.8 magnitude earthquake shook a northern Arizona town Sunday afternoon but there was no immediate word on any injuries or damage, the United States Geological Survey confirmed.The USGS said the small quake struck near...
Jul 25 2023 // Philippine authorities on Tuesday evacuated hundreds of people in coastal communities as super typhoon Doksuri intensified in strength, pummeling the north with strong winds and heavy rains before it heads toward Taiwan...
Jul 25 2023 // Wildfires and evacuations on the Greek island of Rhodes, and a heat wave blasting much of southern Europe, have raised questions for tourists about their travel insurance coverage.As the threat of fires remains high...
Jul 24 2023 // Wildfires are raging across Greece after about 19,000 people were evacuated from the island of Rhodes over the weekend, while record temperatures are forecast for Sardinia.Over the past 24 hours, 162 fires have been...
Jul 24 2023 // Doksuri has strengthened further and may intensify into a super typhoon before a possible landfall in northern Philippines en route to Taiwan.The typhoon is moving westward “slowly” with maximum winds of 150...
Jul 21 2023 // A day after the Louisiana Supreme Court announced that it is lifting a stay on hurricane-damage lawsuits filed by McClenny Moseley & Associates, state Insurance Commissioner James Donelon on Thursday issued a directive...
Jul 21 2023 // Tropical Storm Calvin brought high surf, heavy rain and gusts to parts of Hawaii`s Big Island on Wednesday, only inflicting minor damage.By late morning, the storm had passed to the west and the National Weather Service...
Jul 21 2023 // Insured losses from hurricanes have risen steadily over just the past 15 years, with nine of the 10 costliest hurricanes in U.S. history occurring since 2005, according to the Insurance Information Institute...
Jul 21 2023 // The Hanover Insurance Group Inc. announced a preliminary estimate for second quarter catastrophe losses of approximately $262 million, before taxes, or 18.5 points of net earned premium.Second quarter catastrophe losses...
Jul 20 2023 // Parts of Kentucky cannot seem to catch a break from extreme weather events.Some 18 months after a powerful tornado ripped up much of downtown Mayfield, in southwestern Kentucky, heavily damaging businesses, homes, churches...
Jul 20 2023 // Allstate Corp. announced estimated catastrophe losses for the month of June of $1.01 billion, or $799 million, after-tax.June’s month catastrophe losses include 18 events estimated at $1.13 billion, with...
Jul 20 2023 // Drugmaker Pfizer Inc. said on Wednesday its plant in Rocky Mount, North Carolina, which is one of the largest sterile injectable product facilities in the world, has suffered heavy damage from a tornado.A company...