All the headlines from our Catastrophe Topic Page, ordered by recency.
Aug 31 2022 // The natural catastrophe business of global reinsurers has been reshaped by five years of higher-than-expected losses, which is leading reinsurers to adopt divergent strategies – either diving in to write more business at...
Aug 31 2022 // The Rum Creek Fire in remote southwest Oregon has burned nearly 18.75 square miles is threatening thousands of homes and is only about 1% contained.As of Tuesday morning, the Northwest Interagency Coordination Center said...
Aug 30 2022 // The Atlantic crucible of hurricanes hasn’t had a storm all month and if the calm holds it will stand as the quietest August in 25 years.The expanse of ocean between Africa and the Caribbean Sea has only had two...
Aug 29 2022 // The wide-ranging impact of Hurricane Andrew on the Florida insurance market is a familiar story within the risk management world. However, 30 years on from August 24, 1992, when Andrew made landfall in Dade County,...
Aug 29 2022 // ISLAMABAD (AP) – Deaths from widespread flooding in Pakistan topped 1,000 since mid-June, officials said Sunday, as the country’s climate minister called the deadly monsoon season “a serious climate...
Aug 26 2022 // The Texas Department of Insurance (TDI) announced an emergency rule this week removing barriers for Weston Property & Casualty Insurance Company policyholders to receive wind and hail coverage through the Texas...
Aug 25 2022 // More than four grueling months and $300 million later, the federal government has declared the largest wildfire in New Mexico’s recorded history 100% contained, a notable milestone but just another step in what local...
Aug 25 2022 // State Farm Fire and Casualty Co. and two former claims-adjuster sisters, who more than 16 years ago filed a lawsuit claiming the insurer committed fraud against the government’s National Flood Insurance Program...
Aug 25 2022 // The daughter of a 76-year-old man killed last month when California’s deadliest wildfire so far this year swept through a remote town has sued a public utility, alleging its electrical equipment sparked the blaze.The...
Aug 24 2022 // U.S. and Bermuda reinsurers reported strong operating performance for the first six months of 2022, supported by continued pricing increases in most reinsurance and specialty lines of business as well as tighter terms and...
Aug 24 2022 // Several cities in southern China raised their cyclone warning signals on Wednesday, bracing for Tropical Storm Ma-on, which is expected to make landfall along the coast of Guangdong province on Thursday.At 12:40 p.m. (0440...
Aug 22 2022 // A Berkshire Hathaway Inc. unit was sued for allegedly causing California’s largest wildfire of the year, which killed four people and destroyed almost 200 structures near the Oregon border.The complaint against...
Aug 22 2022 // MILL CREEK, WA, August 22, 2022 — Pacific International Underwriters® (PIU) is partnering with American Modern® to offer a standalone earthquake insurance policy in Washington & Oregon.“One of the advantages...
Aug 19 2022 // Lloyd’s insurers must exclude state-backed cyber-attacks in standalone (or affirmative) cyber policies if they reach a catastrophic threshold, according to a Lloyd’s market bulletin issued this week.However,...
Aug 19 2022 // Florida’s primary energy provider is ready to launch a powerful new technology, just ahead of the busiest weeks of the Atlantic hurricane season: a new fixed-wing drone designed fly into tropical storm force winds...
Aug 19 2022 // Insured losses for the European windstorm series, which affected the British Isles and continental Europe in February 2022, are estimated at €3.739 billion (US$3.8 billion), according to PERILS, the independent...
Aug 17 2022 // With a few weeks to go until the North Atlantic Basin enters its most active period, now is a good time to recap recent activity, review updated seasonal forecasts, and look ahead to what may be in store for the remainder...
Aug 16 2022 // A Florida company with a former House speaker as a top executive allegedly charged local government millions of dollars for Hurricane Michael cleanup that it never performed, according to an FBI affidavit that was released...
Aug 15 2022 // California Insurance Commissioner Ricardo Lara has ordered insurers to preserve residential insurance coverage for 8,500 affected homes following Gov. Gavin Newsom’s emergency declaration as wildfires in Siskiyou...
Aug 15 2022 // The odds of La Niña hanging around for a few more months are climbing, bolstering chances of more storms as the Atlantic hurricane season reaches its peak.There’s an 80% chance the waters across the equatorial...