Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Forecasters Lower Matthew Loss Estimates
Oct 9 2016 // On Friday, a catastrophe modeling firm slashed its estimate for insurance losses from Hurricane Matthew on Friday, as the storm skirted Florida but failed to make landfall. Kinetic Analysis had estimated the insured losses...
Catastrophe Bonds Fell Most in 4 Years on Hurricane Matthew Risk
Oct 9 2016 // Bonds tied to weather risks tumbled the most in four years as Hurricane Matthew lashed Florida. The Swiss Re Cat Bond Price Return Index dropped 1.7 percent last week, the steepest decline since Superstorm Sandy in 2012....
Southeast Turns to Recovery from Matthew; Reports of Deaths, Rescues, Power Outages
Oct 9 2016 // Residents of the southeastern United States ravaged by Hurricane Matthew turned their focus on Monday toward recovery and clean-up, but officials in several states warned that deadly flooding could continue as swollen...
Hurricane Matthew More Hype Than Bite So Far But Insurers, Agents Remain on Alert
Oct 7 2016 // While Hurricane Matthew rages along Florida’s coast, with the end potentially still hours away, the insurance industry seems to be breathing a sigh of relief, thus far. As of Friday morning, Matthew seemed to have...
Fitch: Matthew Losses Manageable for Florida Property Insurers
Oct 7 2016 // Hurricane Matthew will pressure the earnings of some insurance underwriters in Florida and other southeast states but is not expected to present a major capital challenge, Fitch Ratings says. Fitch estimates that if the...
Reinsurers’ Capital Likely to Remain Strong Despite Hurricane Matthew: S&P
Oct 7 2016 // While Hurricane Matthew has the potential to erode some of the global reinsurance sector’s excess capital, its overall capital position is not expected to deteriorate below the ‘AAA’ level, according to a...
Could Hurricane Matthew’s Insured Losses Surpass Sandy’s?
Oct 7 2016 // A hurricane threatening the first direct hit on the United States in more than a decade could cause insurance losses of $25-30 billion and be the second costliest U.S. hurricane on record for insurers, according to initial...
Florida Gov: Some 600,000 Florida Homes Without Power Due to Hurricane
Oct 7 2016 // About 600,000 Florida homes were without power on Friday due to Hurricane Matthew and more outages were likely, Governor Rick Scott told a news conference, as the storm moved near the state’s Atlantic coast on a...
Vacationers Along East Coast Prepare for Delays Ahead of Hurricane Matthew
Oct 7 2016 // Travelers along the East Coast are preparing for delays and cancellations as Hurricane Matthew heads toward the U.S. Airlines are preparing to suspend flights from Florida up through Georgia, South Carolina and North...
Hurricane Matthew Forces Millions to Evacuate Along Southeast Coast
Oct 7 2016 // Millions of people in the U.S. southeast were ordered to flee as Hurricane Matthew, set to become the strongest storm to hit the country since 2005, headed toward Florida’s East Coast after leaving hundreds dead in...
New Forecasting, Damage Assessment Tools Track Hurricane Matthew
Oct 7 2016 // As Hurricane Matthew rolled toward Florida earlier this week, the meteorologists at Verisk Analytics were tracking its every move. They weren’t just plotting the usual meteorological stuff, though, and making the...
Delaware Insurance Commissioner Advises Residents in Case of Hurricane Matthew
Oct 6 2016 // Delaware Insurance Commissioner Karen Weldin Stewart is encouraging Delaware residents to take action now to prepare for potential damages and interruptions from Hurricane Matthew. Although it is too early to predict the...
Hurricane Matthew Forces Cruise to be Cut Short, Other Postponements
Oct 6 2016 // The threat of Hurricane Matthew has forced a cruise ship to reroute its trip and a sold-out island festival to be rescheduled in the Mid-Atlantic region. The Chincoteague Chamber of Commerce said in a news release Tuesday...
Hurricane Matthew Heads to Florida; Losses Could Reach $15 Billion
Oct 6 2016 // Hurricane Matthew has thousands fleeing the U.S. Southeast where it’s expected to batter the coastline and threaten electricity supplies to more than 1 million people in Florida. Potential losses are seen as high as...
South Carolina, Florida Order Evacuations as Hurricane Matthew Approaches Southeast
Oct 5 2016 // The governors of Florida, Georgia and South Carolina have ordered a State of Emergency for each of their respective states as Hurricane Matthew makes its way up the Southeast coast after battering Haiti and Cuba. The...
3.5 Magnitude Earthquake Hits Northern Oklahoma, Near Pawnee
Oct 5 2016 // A 3.5 magnitude earthquake struck northern Oklahoma on Tuesday morning, hitting the same spot where a record setting temblor was centered a month ago. The U.S. Geological Survey says Tuesday’s earthquake hit shortly...
London Insurance Market Prepares to Hold Catastrophe Response Test
Oct 5 2016 // The London insurance market plans to test its response this month to a major catastrophe on the scale of the 9/11 attacks, the chairman of insurer Hiscox said on Tuesday. While insurers have coped with regular hurricanes,...
Hurricane Matthews Pounds Haiti, Cuba; 1 Death Reported
Oct 4 2016 // The fiercest Caribbean storm in almost a decade ripped into Haiti’s southwestern peninsula early on Tuesday, packing 145 mile-per-hour (230 kph) winds and storm surges that killed at least one person and damaged...
Florida Watching Hurricane Matthew, Governor Urges Residents to Prepare
Oct 3 2016 // The GOES East satellite image provided by the National Oceanic and Atmospheric Administration (NOAA) on Thursday, Sept. 29, 2016 at 2:45 p.m. EDT, shows Hurricane Matthew in the Caribbean Sea about 190 miles northeast of...
California Governor Approves Early Earthquake Warning System
Oct 3 2016 // Californians will begin getting warnings of impending earthquakes through their cellphones, radios and other devices within the next year or two as the state ramps up a lifesaving early warning system, emergency management...
