Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
South Carolina Issues Hurricane Florence Data Call, Emergency Order to Insurers
Sep 17 2018 // The South Carolina Department of Insurance has issued two Hurricane Florence-related notices to all property and casualty insurers doing business in the state. SCDOI Director Ray Farmer issued an emergency regulation...
ILS Market Could Bear 20% of Hurricanes Harvey, Irma, Marie Loss: A.M. Best
Sep 17 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...
U.S. Business Owners Find Varied Paths to Post-Disaster Recovery
Sep 17 2018 // Small business owners across the U.S. who are cleaning up from this year’s various catastrophes will find there’s no one formula for recovery. The same disaster can hurt businesses in divergent ways — a...
Report Highlights Climate Change Risks Faced by Insurance Sector
Sep 17 2018 // A report that’s being touted as the “first important review of climate risk by an international financial standard setting body” may get the attention of the insurance community. If it does, mission...
Super Typhoon Mangkhut Targets China After Killing More Than 50 in Philippines
Sep 16 2018 // A super typhoon made landfall in China’s Guangdong on Sunday, the country’s most populous province, after wreaking havoc in Hong Kong and Macau and killing potentially more than 50 people in the...
RMS Estimates Insured Losses from Typhoon Jebi Could Reach $5.5 Billion
Sep 14 2018 // The insured loss for Japan from Typhoon Jebi, which made landfall in Japan on Sept. 4, will be between USD$3 billion and $5.5billion (¥340 to ¥620billion), according to the global risk modeling firm RMS. Approximately 80...
Texas Windstorm Insurer Activates CAT Plan
Sep 14 2018 // With a tropical disturbance in the Gulf of Mexico and Tropical Depression Isaac located east of Mexico’s Yucatan Peninsula and heading west, the Texas Windstorm Insurance Association (TWIA) has activated its CAT...
Earthquake Jolts Southwestern Utah Desert
Sep 14 2018 // A small earthquake hit the southwestern Utah desert overnight. The University of Utah’s seismograph stations recorded the 3.8 magnitude earthquake just before midnight Tuesday. The epicenter was 15 miles northwest of...
How 4,000 Federal Workers Are Being Deployed for Hurricane Florence
Sep 14 2018 // As Hurricane Florence churns toward the Carolinas, bearing a potentially lethal ocean surge and winds and torrential rains, the federal government is marshaling its forces to help communities prepare and recover. President...
For First Time, 5 Named Storms Could Crowd Atlantic Ocean
Sep 14 2018 // For tropical storms, two’s company, three’s a crowd and five is, well, unprecedented. Maybe not for long. Weather forecasters are watching a disturbance in the western Gulf of Mexico that has a 50 percent...
Update: Category 1 Hurricane Florence Lands in Carolinas, Threatening Floods, Tornadoes, Power Outages
Sep 14 2018 // Hurricane Florence hit North Carolina, leaving more than half a million people without power and facing at least another day of heavy rain and wind. Florence made landfall near Wrightsville Beach Friday as a Category 1...
Hurricane Florence Hits Close to Home for North Carolina-Based Broker AmWINS
Sep 14 2018 // For North Carolina-headquartered global insurance broker AmWINS Group Inc., Hurricane Florence isn’t just a storm that will affect insureds – many of its own employees and agents are also directly in the...
Wind, Storm Surge Losses from Florence Could Reach $5B; Top 10 Insurers Affected in Carolinas
Sep 14 2018 // This enhanced satellite image made available by NOAA shows Hurricane Florence off the eastern coast of the United States on Wednesday, Sept. 12, 2018 at 5:52 p.m. EDT. (NOAA via AP) Hurricane Florence was downgraded to a...
Hurricane Florence Could Pressure Congress to Extend NFIP, IIAV’s Bradshaw Says
Sep 13 2018 // Hurricane Florence could put pressure on U.S. Congress to extend the National Flood Insurance Program, but “it is still an open question as to whether it will lead to a comprehensive reform bill passing,”...
Virginia Insurers ‘Actively Preparing’ for Florence; State’s Top 10 Home Insurers
Sep 13 2018 // The Virginia Bureau of Insurance says it is “confident that insurers are actively preparing for this storm” as the potential impact of Hurricane Florence is anticipated in the state. “The Bureau’s...
Tropical Storm Drenches Hawaii With Rain
Sep 13 2018 // A gradually weakening tropical storm hit Hawaii on Wednesday, soaking a part of Maui and sending gusts of wind that toppled trees and cancelled flights at a number of airports in the state. Maui Mayor Alan Arakawa urged...
Powerful Typhoon Mangkhut Triggers Evacuations in Philippines
Sep 13 2018 // A powerful typhoon is expected to make a landfall in the Philippines’ main Luzon island on Saturday, prompting authorities to place 17 areas on alert and start evacuations. Classified by the Hong Kong Observatory as...
N.J. Governor Murphy Urges Safety as Hurricane Florence Approaches East Coast
Sep 13 2018 // New Jersey Gov. Phil Murphy and emergency officials urged caution Tuesday as Hurricane Florence approaches the East Coast even though the worst effects of the storm are expected to miss the state. Murphy even jokingly...
Hurricane Florence Has Cat Bond Investors’ Attention
Sep 13 2018 // Catastrophe-bond investors are trying to assess the potential fallout from Hurricane Florence that may force them to hand over cash. If the storm’s path of destruction — which is aimed at Georgia and the...
South Carolina Officials Urge Dam Checks Before Hurricane
Sep 13 2018 // South Carolina officials are asking dam owners to inspect their dams and lower pond and lake levels if possible to prepare for possible heavy rains from Hurricane Florence. The Department of Health and Environmental...
