All the headlines from our Catastrophe Topic Page, ordered by recency.
Feb 7 2024 // A handful of super powerful tropical storms in the last decade and the prospect of more to come has a couple of experts proposing a new category of whopper hurricanes: Category 6.Studies have shown that the strongest...
Feb 5 2024 // The Aconcagua refinery, Chile’s second-largest with a capacity to process 102,000 barrels per day (bpd) of crude, has been shut down since Friday following a power outage caused by forest fires raging in the country,...
Feb 5 2024 // As hedge funds rake in record profits in one of the riskiest corners of the debt market, the products behind those returns are now drawing in more mainstream investors.Catastrophe bonds, which last year formed the basis...
Feb 5 2024 // HUB International launched a new program to address the need for enhanced wildfire coverage of high value homes that will be offered exclusively by HUB Private Client to address the insurance and risk management needs of...
Feb 5 2024 // Nearly 75% of the U.S. could experience damaging earthquake shaking, a recent U.S. Geological Survey report shows.A USGS-led team of more than 50 scientists and engineers in the latest USGS National Seismic Hazard Model...
Feb 5 2024 // No one can predict the future, but insurance professionals are likely the best qualified when it comes to predicting risk. For this special report, Insurance Journal asked industry thought leaders their predictions for the...
Jan 31 2024 // An Alaska fishing guide company has paid $900,000 to settle a lawsuit brought by the U.S. government alleging one of its guides started a wildfire in 2019, the U.S. attorney’s office for Alaska said in a...
Jan 30 2024 // The last of the 100 known victims of the wildfire that destroyed Maui’s historic town of Lahaina in August was identified as a 70-year-old woman whose husband, sister and several other relatives also died in the...
Jan 29 2024 // An Oregon jury awarded $85 million to nine victims of wildfires that ravaged the state in 2020, the latest verdict in a series of legal proceedings that are expected to put the utility PacifiCorp on the hook for billions...
Jan 26 2024 // A California startup using artificial intelligence (AI) and satellites to spot fire and weather risks on power lines, AiDash, reported it had raised $50 million in new funding, reflecting Silicon Valley efforts to create...
Jan 26 2024 // Colombia declared a national disaster as wildfires spread through drought-hit forests and filled the capital, Bogota, with smoke.Environmental authorities reported 31 separate blazes on Thursday, after months of hot, dry...
Jan 26 2024 // Glenn Pomeroy, former CEO of the California Earthquake Authority (CEA), joined GeoVera as executive vice president of marketing and regulatory affairs effective February 1. GeoVera is headquartered in Fairfield,...
Jan 25 2024 // The United States Fifth Circuit Court of Appeals earlier this month upheld a 2022 decision against Church Mutual Insurance Co. in favor of Sugartown United Pentecostal Church in Dry Creek, Louisiana, which sits about 50...
Jan 23 2024 // The state corporation that oversees the Florida Cat Fund is planning to borrow as much as $3.8 billion to ensure the fund has plenty of money on hand to reimburse property insurers for losses when homes are damaged or...
Jan 23 2024 // Just over a day after Storm Isha started to clear, the UK is bracing for more hurricane-strength winds off the Atlantic.Jocelyn — the 10th named storm of the season to hit the UK — will rip across the north of the...
Jan 22 2024 // Storm Isha is causing travel disruption and power blackouts across northern Europe, as it brought hurricane-force winds to the UK and other parts of the region.The Met Office issued a yellow weather warning across the UK...
Jan 22 2024 // Nearly 75% of the U.S. could experience damaging earthquake shaking, a recent U.S. Geological Survey report shows.A USGS-led team of more than 50 scientists and engineers in the latest USGS National Seismic Hazard Model...
Jan 22 2024 // For hedge funds, the science of catastrophes helped generate the best returns of any alternative investment strategy last year.The calculus around natural disasters such as hurricanes and cyclones fed record gains at funds...
Jan 22 2024 // A new lawsuit has been filed against the Federal Emergency Management Agency, alleging compensation has been delayed for victims of the largest wildfire in New Mexico’s recorded history.FEMA is responsible for doling...
Jan 22 2024 // Consumer protections for homeowners dealing with wildfire-related issues, property contents coverage, personal data protection and prescription drugs are set to go into effect in 2024.The Oregon Division of Financial...