All the headlines from our Catastrophe Topic Page, ordered by recency.
Feb 24 2023 // Chile is finalizing a deal with the World Bank for insurance against high-intensity earthquakes that would impact the country’s fiscal policy and public debt, the Finance Ministry said on Thursday.“The...
Feb 23 2023 // After a rare tornado warning was issued Tuesday, a strong line of thunderstorms ripped through central New Jersey with powerful winds that caused many trees to be ripped out of the ground in Pennington and West Windsor....
Feb 23 2023 // A California fund to encourage wildfire innovation and lower the severity and frequency of catastrophic wildfire is getting a $25 million boost.Walnut Creek, Calif.-based CSAA Insurance Group made a $25 million commitment...
Feb 22 2023 // New Mexico Gov. Michelle Lujan Grisham signed to use zero-interest loans to help local governments in the arid, Southwest state repair or replace public infrastructure damaged by wildfires or subsequent flooding.The law...
Feb 22 2023 // This edition of International People Moves details appointments at Swiss Re, MS Reinsurance, and Aon.A summary of these new hires follows here. Swiss Re Promotes Ningen to CEO, US P&C ReMonica Ningen has been named CEO...
Feb 21 2023 // Louisiana Insurance Commissioner Jim Donelon announced Friday that his department issued a cease-and-desist order to McClenny, Moseley & Associates, a Houston-based law firm that filed more than 1,500 hurricane-damage...
Feb 20 2023 // An earthquake false alarm nearly four years ago can teach disaster and emergency planners – and any crisis communicators, including insurers – a thing or two about communicating to the public during and...
Feb 20 2023 // Climate change is contributing to increasingly intense natural catastrophes that leave larger and larger losses in their wake. What steps can the insurance industry take to prevent losses, protect clients, and ultimately...
Feb 16 2023 // Catastrophe modeling firm Karen Clark & Co. (KCC) said on Thursday it expects insured losses of $2.4 billion from the devastating dual Kahramanmaras earthquakes that hit Turkey earlier this month.The number of people...
Feb 16 2023 // Turkey would need to construct about a million new homes in the 10 provinces hit by the February 6 earthquakes, according to a property developer, signaling the massive rebuilding effort that needs to be...
Feb 16 2023 // In a Selma neighborhood — a few blocks from the starting point of the 1965 voting rights marches — the path of a January tornado remains clear.Homes sit collapsed or missing walls and roofs. Some building are...
Feb 15 2023 // Powered by InsuranceJournal.tvOne of the most important things insurance companies and employees alike can do to achieve success is stay curious, experts said on this episode of The Insuring Cyber Podcast. “Make...
Feb 14 2023 // Economic losses for the Feb. 6, 2023 earthquakes in Turkey will likely exceed US$20 billion, while insured losses will likely be more than US$1 billion, according to Extreme Event Solutions at Verisk (formerly AIR...
Feb 13 2023 // A city claims in a lawsuit that Southern California Edison equipment ignited a damaging wildfire last fall.The lawsuit filed on behalf of the city of Hemet claims that the utility did not manage its electrical power lines...
Feb 10 2023 // Humboldt County authorities have released the latest statistics on recovery from the December earthquake and aftershocks that struck the Northern California coast.Roughly 91 structures have been red-tagged as unsafe to...
Feb 9 2023 // Most insurance payouts due to the earthquake that hit Turkey and Syria ultimately will be borne by global reinsurers, according to Fitch Ratings.“The vast majority of insured losses will be covered by reinsurance,...
Feb 9 2023 // Thousands of foreign aid workers have arrived in Turkey and the first UN aid convoy has entered Syria after this week’s twin earthquakes. The World Bank announced a $1.78 billion relief package as well.The death toll...
Feb 8 2023 // Houston, Texas-based McClenny Moseley & Associates hired a criminal defense lawyer after being sanctioned last week by a federal judge in New Orleans for filing lawsuits on behalf of a homeowner it did not represent.On...
Feb 8 2023 // A Florida nursing home administrator charged with causing the overheating deaths of nine patients after Hurricane Irma in 2017 went on trial Monday, with a prosecutor calling him a “captain who abandoned ship”...
Feb 8 2023 // Two powerful earthquakes, which hit southeastern Turkey on Feb. 6, 2023, deliver another blow to the local re/insurance industry, according to commentaries from AM Best and GlobalData.While it is likely that international...