Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Weekend Flooding from Tropical Storm Gordon Kills 1 in Kentucky
Sep 12 2018 // One person has been reported killed and one remains missing after weekend flooding spawned by the remnants of last week’s Tropical Storm Gordon. Louisville, Kentucky, Metro Police spokeswoman Alicia Smiley tells the...
Farmers in Hurricane Florence’s Path Race to Cushion the Blow
Sep 11 2018 // North Carolina corn farmer Darren Armstrong is racing to harvest as much as he can before potentially the worst storm in 64 years hits the state. It’s already one of the busiest times of the year for U.S. growers as...
Update: Hurricane Florence Expanding as It Moves Toward Carolinas Coast
Sep 11 2018 // Wed., Sept. 12, 2018, 8:08 am — Florence’s track to the U.S. East Coast shifted slightly to the south and the storm is now threatening to batter the entire Carolinas coast, aiming for landfall near Myrtle...
Hurricane Florence Risks to North Carolina Include Toxic Sludge, Lagoons of Pig Manure
Sep 11 2018 // Hurricane Florence’s potential for destruction also includes increased risks for the environment and public health as torrential rains could overwhelm the pits where toxic waste from power plants is stored....
Texas Working to Finish Hurricane Ike Recovery Projects Before Deadline
Sep 11 2018 // It’s been nearly 10 years since Hurricane Ike devastated Galveston, and government agencies are still working to complete recovery projects before a state-imposed deadline. Thursday marks a decade since Ike made...
Could Hurricane Florence Cost Insurers $20 Billion?
Sep 11 2018 // Here’s some grim back-of-the-envelope math for insurers: Hurricane Florence may wreak $15 billion to $20 billion in covered losses from wind and coastal storm-surge, if the past is any guide, according to catastrophe...
Why Catastrophe Bonds Are Anything But a Disaster: Viewpoint
Sep 11 2018 // Leave it to catastrophe bonds to be among the most well-functioning debt markets out there. Issuance of “cat bonds” has climbed to more than $11 billion this year, about the same as this time in 2017, when...
Hurricane Florence a Reminder of Flood Insurance Reforms Stalled in Congress
Sep 11 2018 // U.S. taxpayers who spent billions of dollars after a trifecta of hurricanes last year are poised to do so again after a fix to the nation’s troubled flood insurance program remains stalled in Congress — and as...
Update: ‘Extremely Dangerous’ Hurricane Florence Prompts Evacuations in Carolinas
Sep 10 2018 // Tuesday, Sep 11, 2018, 5:47 am— Florence continued to roll toward the U.S. East Coast, poised to become the strongest hurricane in almost 30 years to hit the Carolinas as more than 1 million people began fleeing a...
ILS Market Could Bear 20% of Hurricanes Harvey, Irma, Marie Loss: A.M. Best
Sep 10 2018 // The insurance-linked securities (ILS) market potentially could bear up 20 percent of the insured losses generated by Hurricanes Harvey, Irma and Marie, according to an A.M. Best report. These three hurricanes during a...
Insured Losses from Typhoon Jebi Estimated at $2.3-$4.5 Billion: AIR
Sep 9 2018 // Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses from Typhoo Jebi, which made landfall in Japan on Tuesday, Sept. 4, will be between $2.3 billion (JPY 257 billion) and $4.5 billion (JPY...
Update: Hurricane Florence Poses Threat to Carolinas, Virginia Later This Week
Sep 9 2018 // Updated Monday, Sept 10, 8:17 am —Top winds for Hurricane Florence grew to 105 miles (169 kilometers) per hour as it pushed westward toward the U.S. East Coast, a major threat to homes, agriculture and the waning tourist...
Northern California Wildfire Rages, Abandoned Trucks Litter Highway
Sep 7 2018 // An explosive wildfire closed down dozens of miles of a major California freeway only weeks after a nearby blaze that left neighborhoods in ruins and killed eight people. The Delta Fire erupted Wednesday afternoon and...
Claims from California Summer Fires Top $845M, Commissioner Blames Climate Change
Sep 6 2018 // California Insurance Commissioner Dave Jones on Thursday announced that insured residential and commercial losses from the Carr and Mendocino Complex fires topped $845 million and are now counted among the most destructive...
East Coast Warned Hurricane Florence May Visit Next Week
Sep 6 2018 // As the remains of Tropical Storm Gordon soak the Mississippi Valley, forecasters are tracking a major hurricane deep in the Atlantic Ocean that could threaten the U.S. East Coast next week. Hurricane Florence, a Category 4...
U.S. Report Says Lack of Staff, Resources, Planning Hurt FEMA’s 2017 Disaster Response
Sep 6 2018 // The federal government’s chief watchdog slammed the Federal Emergency Management Agency’s response to the hurricane that killed thousands of people in Puerto Rico last year, saying it was unprepared and failed...
Update: Weakened Gordon Dumps Heavy Rains; Hurricane Florence Heads Toward Bermuda
Sep 5 2018 // Tues., Sept 6, 1:16 am— Tropical Depression Gordon was expected on Thursday to dump more heavy rains that could cause flooding in central U.S. states as Hurricane Florence, a monster Category 3 storm, churned toward...
California Bridge Under Construction Gets Sensors to Gather Earthquake Data
Sep 5 2018 // A replacement bridge under construction at the second-busiest port in the U.S. isn’t just a crucial route for cargo trucks and Southern California commuters – it’s a concrete-and-steel science experiment for...
Typhoon Jebi Hits Osaka in Japan, Leaving a Trail of Damage, Airport Closed
Sep 5 2018 // Regions around Osaka, Japan’s second biggest population center, struggled to recover from damage left by Typhoon Jebi, which left 10 people dead, hundreds of thousands of buildings without power and the area’s...
Florida Insurance Chief Warns of AOB Scams as Storm Gordon Lingers Over Gulf Coast
Sep 5 2018 // Florida’s top insurance regulator has issued a warning to residents facing damage from Tropical Storm Gordon, the first major storm to impact the state in the 2018 Hurricane Season. Florida Insurance Commissioner...