Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
California Governor Rejects PG&E Bankruptcy Plan as Not Satisfying Wildfire Law
Dec 15 2019 // California Governor Gavin Newsom on Friday rejected a bankruptcy reorganization plan submitted by PG&E Corp, the state’s largest investor-owned utility, saying its proposal fails to meet the requirements of a...
FAIR Plan Asks Court to Stop California Insurance Commissioner’s Order
Dec 13 2019 // Note: This is been updated with a statement from Lara’s office. The FAIR Plan today filed a petition for a writ of mandate seeking to have a court annul, vacate, or withdraw an order issued last month by the...
365 Days: Education, Mitigation and The Flood Insurance Guru
Dec 13 2019 // If it weren’t for Hurricane Katrina, Chris Greene might not have become an expert in all things flood related. Greene, a Georgia-based independent flood insurance agent, and founder and owner of The Flood Insurance...
Royal Caribbean Cruises Faces Potential Liability for New Zealand Volcano Deaths
Dec 12 2019 // Royal Caribbean Cruises Ltd.’s potential liability for a deadly excursion to a volcanic island in New Zealand could hinge on whether the eruption was an unforeseeable “act of God,” according to maritime...
Alaska Getting $36M Federal Grant for Earthquake Recovery
Dec 12 2019 // A federal agency awarded Alaska a $35.8 million federal grant to support earthquake disaster recovery efforts, officials said. The Department of Housing and Urban Development awarded the grant in response to the damaging...
Can Historic Towns Along Southeast Coast Endure Sea Rise?
Dec 12 2019 // Historic cities and towns along the Southeastern U.S. coast have survived wars, hurricanes, disease outbreaks and other calamities, but now that sea levels are creeping up with no sign of stopping, they face a more...
New Zealand Tragedy Raising Questions About Live Volcano Tourism
Dec 11 2019 // Tourists caught in the deadly blast at New Zealand’s White Island were there despite a recent increase in volcanic activity, although experts said precise predictions on eruptions were all but impossible. Five people...
Venice Floods, Australia Bushfires, India Cyclone Top November Catastrophes
Dec 11 2019 // Flooding and inland storms led to multi-billion-dollar economic loss in western and southern Europe during November, according to insurance broker Aon’s latest edition of its monthly Global Catastrophe Recap...
Texas Windstorm Insurer to Assess Members $90M for Harvey, Defer Action on Rates
Dec 10 2019 // The Texas Windstorm Insurance Association board of directors voted today to assess member insurance companies $90 million based on losses from Hurricane Harvey and voted to defer further consideration of action regarding...
8 People Presumed Dead After New Zealand Island Volcano Eruption
Dec 9 2019 // Eight people were missing and presumed dead on Tuesday after a volcanic eruption covered a small New Zealand island popular with tourists in hot ash and steam, killing five people and seriously injuring about 30...
PG&E Gains on $13.5B Settlement With California Wildfire Victims
Dec 9 2019 // PG&E Corp. surged on the strength of a Friday announcement it had secured a $13.5 billion settlement with victims of wildfires ignited by its power lines, a step toward resolving the biggest utility bankruptcy in U.S....
5 Dead, Others Missing After Volcano Erupts in New Zealand
Dec 9 2019 // New Zealand police said early on Tuesday they did not expect to find any more survivors from a volcanic eruption that killed at least five people, injured up to 20 and left an unknown number unaccounted for. The volcano,...
Industry Representative Puts Fire Insurance Availability at Feet of Commissioner
Dec 6 2019 // California Insurance Commissioner Ricardo Lara will have to choose whether he wants insurers to charge higher rates or to stop writing homeowners insurance in fire-prone areas, an industry representative said following new...
Crawford & Co. Appoints Westling as VP, U.S. Catastrophe Operations in Dallas
Dec 6 2019 // Claims services provider Crawford & Company has appointed Maureen Westling vice president of U.S. Catastrophe Services Operations. She is based in Dallas. In the newly created role, Westling will be responsible for the...
California Commissioner Calls for Statewide Non-Renewal Moratorium, More Measures to Protect Wildfire Victims
Dec 5 2019 // California Insurance Commissioner Ricardo Lara on Thursday issued a mandatory one-year moratorium on insurance companies non-renewing policyholders, a move he says will help at least 800,000 homes in wildfire disaster...
PG&E Nearing $13.5B Deal With California Wildfire Victims
Dec 5 2019 // Bankrupt California power producer PG&E Corp. is close to finalizing terms for a $13.5 billion payout to victims of wildfires triggered by its power lines, Bloomberg reported on Wednesday, citing people familiar with...
After Oil Field Attacks, Saudi Aramco Seeks Terrorism Insurance from London Market
Dec 4 2019 // Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters. Aramco, the world’s largest oil...
Death Toll from Typhoon Kammuri Rises as Storm Passes South of Manila in Philippines
Dec 4 2019 // The death toll from Typhoon Kammuri rose to 17 people after destroying houses and displacing hundreds of thousands on its path across the Philippines. As it neared its exit, tropical cyclone wind signals have been lifted...
Factors that Contribute to Prolonged Recovery after California Wildfires
Dec 4 2019 // This post is part of a series sponsored by CoreLogic. As strong winds further exasperate the prime weather conditions for wildfires in California, efforts to save lives and property are a foremost priority of emergency...
Missouri Buying Earthquake Simulator to Increase Awareness of New Madrid Risk
Dec 4 2019 // Missouri emergency management officials are buying a $200,000 machine that will simulate an earthquake to prepare residents for a big temblor in a region where one of the most powerful earthquakes east of the Rocky...