Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Damage Reported in Mississippi City Hit by EF1 Tornado
Aug 20 2018 // The National Weather Service confirms a tornado hit the central Mississippi city of Madison. The agency, in a Twitter post Saturday, said a survey team confirmed Friday’s damage was the result of an EF1...
Jury Rules Nevada Liable for 2017 Wildfire That Burned 23 Homes
Aug 20 2018 // A jury has found the Nevada Division of Forestry liable for the loss of 23 homes and 17 other buildings in a 2016 wildfire after strong winds re-ignited a prescribed burn. The verdict set the stage for future court...
Dry Fall And Worsening Drought in Oregon Portends Wildfires
Aug 20 2018 // A climate prediction report issued by the National Weather Service says Oregon will remain hot, dry and smoky well into autumn this year. The Statesman Journal reported that forecast in the report released last week means...
NOAA Update: Fewer Atlantic Storms Expected for Rest of Hurricane Season
Aug 20 2018 // Conditions in the ocean and the atmosphere are producing a less active Atlantic hurricane season than initially predicted in May. Forecasters with NOAA’s Climate Prediction Center said on Aug. 9 the likelihood of a...
AIR Worldwide Updates Wildfire Model with Event-Based Risk Management Approach
Aug 17 2018 // Catastrophe risk modeling firm AIR Worldwide (AIR) has released an updated Wildfire Model for the United States designed to provide a comprehensive view of the risk of wildfire to property within the 13 westernmost...
ICT to Begin Annual Texas ‘Hurricane Tour’
Aug 17 2018 // The Insurance Council of Texas (ICT) is set to launch its annual “hurricane tour” aimed at reminding coastal residents to be ready in case a hurricane or tropical storm should make landfall this year. Beginning...
Experts: Cost of Hail Damage Will Continue to Rise
Aug 16 2018 // Hailstorms inflict billions of dollars in damage yearly in North America alone, and the cost will rise as the growing population builds more homes, offices and factories, according to climate and weather experts who spoke...
Global Insured Catastrophe Losses Decline to $20 Billion in H1: Swiss Re
Aug 16 2018 // Global insured losses from natural catastrophes and man-made disasters during the first half of 2018 were US$20 billion, down from US$30 billion in H1 2017, according to Swiss Re Institute’s latest sigma study. On...
2018 Wildfire Season Outpacing 2017
Aug 15 2018 // This post is part of a series sponsored by CoreLogic. Examining the Risk in French Gulch and Redding Less than a year ago, California was ablaze with some of the most catastrophic fires the United States has seen. Over 10...
Insurance Industry Charitable Foundation Creates California Wildfire Disaster Relief Fund
Aug 15 2018 // The Insurance Industry Charitable Foundation (IICF), a nonprofit organization that unites the insurance industry in helping communities and enriching lives through grants, volunteer service and leadership, has announced...
Extraordinary Re’s Extraordinary Idea for Trading Insurance Risks Like Stocks
Aug 15 2018 // Imagine there’s a way for institutional investors to trade insurance risks much like they trade stocks. Well, imagine no more. A new and unique reinsurer, Extraordinary Re, has hit upon the novel idea of creating a...
To Date, Wildfires Are Burning 3 Times More of California Than in 2017
Aug 14 2018 // California’s wildfires are now burning through land at a pace more than three times faster than last year’s blazes. About 4,200 fires have charred 726,000 acres (294,000 hectares) in the state so far this year,...
Mag 6.4 Earthquake Hits Alaska’s North Slope Region
Aug 14 2018 // Alaska’s North Slope was hit Sunday by the most powerful earthquake ever recorded in the region, the state’s seismologist said. At 6:58 a.m. Sunday, the magnitude 6.4 earthquake struck an area 42 miles (67...
Poll: Most Floridians Say They’re Prepared for Hurricanes, But Not Covered for Flood
Aug 14 2018 // Last year’s intense hurricane season has motivated most Florida residents to prepare for hurricanes that could hit the state this year, according to a recent survey by the Property Casualty Insurers Association of...
Hawaii’s Big Island to Seek $550M for Volcano Disaster Recovery
Aug 13 2018 // Big Island Mayor Harry Kim is planning to ask the Hawaii Legislature for $550 million for disaster recovery following the effects of the Kilauea volcano eruption. Kim said he discussed a conceptual plan with Gov. David Ige...
Liberty Mutual’s Q2 Profit Jumps on Life Unit Sale, Lower Catastrophe Costs
Aug 12 2018 // The sale of a life insurance unit and an easing of catastrophe costs boosted Liberty Mutual Holding Co.’s net income for the second quarter to $981 million, well above the $126 million it saw in the same quarter last...
Church Mutual, Church & Casualty Pilot Wildfire Loss Prevention Program in California
Aug 10 2018 // Church Mutual Insurance Company and Church & Casualty Insurance Agency have launched CM Wildfire Solutions, a no-cost, multifaceted program to keep customers and their property safe from the devastation of...
Massachusetts Town Condemns More Buildings After Tornado
Aug 10 2018 // Two more buildings damaged when a tornado tore through a Massachusetts town last weekend have been condemned. The Telegram & Gazette reports that two buildings in Webster were demolished Saturday soon after the storm...
July’s Droughts, Wildfires, Floods Caused Billions in Global Economic Losses: Aon
Aug 10 2018 // Many countries across the globe saw worsening in drought-related and wildfire conditions during July, which have led to hundreds of deaths and created a significant financial impact – particularly in the agriculture,...
3rd Major Earthquake Hits Indonesian Island of Lombok; Deaths Top 300
Aug 10 2018 // The Indonesian island of Lombok was shaken by a third big earthquake in little more than a week Thursday as the official death toll from the most powerful of the quakes topped 300. The strong aftershock, measured at...
