All the headlines from our Catastrophe Topic Page, ordered by recency.
Mar 27 2023 // A powerful tornado tore through the Mississippi Delta on Friday night, killing at least 25 people, injuring dozens and causing widespread property damage. The weather system produced hail the size of golf balls and left...
Mar 23 2023 // MADRID (AP) – Spain has officially entered a period of long-term drought, owing to high temperatures and low rainfall over the past three years, and likely faces another year of heatwaves and forest fires.The...
Mar 22 2023 // Natural disasters in 2022 brought global economic losses of US$275 billion, of which insurance covered 45%, or US$125 billion, according to Swiss Re’s latest sigma report.Claims from Hurricane Ian in Florida, record...
Mar 22 2023 // Coalition Inc., a cyber-insurance provider that tries to curb digital risk, has designed technology that simulates large-scale attacks to help insurers identify potential weaknesses in their portfolios and prevent...
Mar 20 2023 // Chile has agreed to an earthquake insurance program with the World Bank protecting it from $630 million worth of damage from strong earthquakes, in an effort to shore up risks to public debt from possible natural...
Mar 20 2023 // Florida Gov. Ron DeSantis raised some questions Friday when he suggested that Citizens Property Insurance Corp., the state-created insurer, has “not been solvent” and may be unable to pay all claims from a...
Mar 15 2023 // This post is part of a series sponsored by CoreLogic.Over the past five years, wildfires have been particularly devastating across California, leading insurers, homeowners, and regulators to reconsider how they manage and...
Mar 13 2023 // Aon plc, a leading global professional services firm, updated its Impact Forecasting Europe Windstorm and Severe Convective Storm (SCS) catastrophe models to incorporate emissions scenarios that inform current and future...
Mar 10 2023 // A swarm of earthquakes occurring over the past few weeks has intensified at a remote Alaska volcano dormant for over a century, a possible indication of an impending eruption.The Alaska Volcano Observatory raised the alert...
Mar 10 2023 // Mehmet Alkan, a shoe-sole manufacturer in Turkey’s earthquake-hit south, doesn’t know what will become of his company after some of his 220 employees died and half fled, reflecting the difficult transformation...
Mar 8 2023 // The Louisiana Supreme Court suspended indefinitely the law license of the attorney who manages McClenny Moseley & Associates’ office in New Orleans — the latest setback for a law firm that paid nearly $14...
Mar 8 2023 // This edition of International People Moves details appointments at Hiscox, Optio Group and Conduit Re.A summary of these new hires follows here. Childs to Retire as Chair of Hiscox BoardHiscox Ltd., the international...
Mar 8 2023 // A tropical cyclone churning off the coast of Madagascar and expected to make landfall for a second time in Mozambique on Saturday — packing winds of as much as 190 kilometers (118 miles) per hour — appears to have...
Mar 6 2023 // This post is part of a series sponsored by AgentSync. Key Takeaways: The rising cost to U.S. taxpayers of more frequent and severe flood damages The problems with the current state of flood insurance in the U.S. Actual and...
Mar 2 2023 // A new AM Best commentary on the latest winter storm to hit Southern California drives home the growing risk and the financial volatility that weather-related losses pose for the insurance industry.According to the...
Feb 28 2023 // What used to be a rare one-two punch of consecutive hurricanes hitting about the same place in the United States weeks apart seems to be happening more often, and a new study says climate change will make back-to-back...
Feb 27 2023 // A federal judge in New Orleans has called owners of McClenny Moseley & Associates back into his courtroom again, this time to decide if the law firm should be sanctioned — and if so, how much — for making...
Feb 27 2023 // Is it possible to predict exactly where the wind will blow? How about where it will blow 30 years from now?The First Street Foundation, a nonprofit that works to define and communicate risks posed by climate change, says...
Feb 27 2023 // A judge on Friday acquitted a Florida nursing home administrator accused of causing the overheating deaths of nine patients after Hurricane Irma in 2017, saying that his employees had provided care and prosecutors had not...
Feb 27 2023 // Universal Insurance Holdings Inc. (UVE), parent company of Universal Property & Casualty Insurance Co., last week reported net income of $25.1 million in its fourth quarter, a sharp increase from the previous...