Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
South Dakota Tornado Damaged 84 Structures
May 14 2015 // Officials have confirmed damage to 84 structures from the tornado that ripped through the southeastern South Dakota town of Delmont on May 10. State Public Safety spokesman Tony Mangan says six of the structures were in...
Willis Re Launches $400M Reinsurance Facility to Cover Catastrophic Liabilities
May 14 2015 // Willis Re, the reinsurance division of Willis Group Holdings plc, has established a syndicated reinsurance facility providing the broadest protection available for insurers against catastrophic and systemic loss...
Fitch Upgrades Citizens to ‘AA-‘, Outlook Stable
May 14 2015 // Fitch Ratings has upgraded the rating on the following senior secured bonds of the Citizens Property Insurance Corp., FL, PLA/CLA to ‘AA-‘ from ‘A+’: –$1.1 billion series 2012A-1; –$200...
Coalition Wants Well Moratorium in Oklahoma Earthquake Areas
May 12 2015 // A coalition of environmental and grassroots organizations is calling for a moratorium on the use of wastewater disposal wells by the oil and natural gas industry in areas where they may trigger earthquakes. Members of the...
Iowa, South Dakota Towns Assessing Tornado Damage
May 12 2015 // Residents of the tornado-ravaged Iowa and South Dakota towns are beginning to assess property damage after twisters hit on Sunday. In South Dakota, the Tripp-Delmont School District called off classes on May 11 because...
5 Dead After Twisters Hit Texas, Arkansas
May 12 2015 // Emergency responders on May 11 searched through wreckage in parts of the states of Texas and Arkansas after a line of tornadoes battered several small communities, killing at least five people, including a young couple...
Super Typhoon Noul Delivers Glancing Blow to the Philippines: AIR Analysis
May 12 2015 // According to catastrophe modeling firm AIR Worldwide, Super Typhoon Noul “made a brief landfall along the mountainous northeastern tip of the main Philippine island of Luzon near the small city of Santa Ana, late...
Earthquake in Nepal Kills at Least 41, Injures Many, on Heels of April Temblor
May 12 2015 // An earthquake in Nepal on Tuesday killed at least 41 people and injured more than 1,000, a little over two weeks after thousands died in an even more powerful temblor. The 7.3 magnitude quake at 12:35 p.m. Indian time was...
A.M. Best: Australia’s Nat Cat Losses Will Challenge Underwriting Profits
May 12 2015 // A string of recent major natural catastrophe events in Australia is expected to materially affect non-life insurers’ upcoming earnings for the fiscal year that ends June 30, 2015, according to an A.M....
Wild Weather Leaves 1 Dead in Texas; Tornados, Flooding Reported
May 11 2015 // Several tornadoes ripped through the northern part of Texas, leaving one person dead and others unaccounted for in a sparsely populated area over the weekend, authorities said. One of the tornadoes on Saturday shattered...
Toward Sensible Risk Management of Earthquake Risk in Energy Production
May 11 2015 // Underground disposal of waste water produced from oil and natural gas wells has been blamed for triggering thousands of small earthquakes in Oklahoma and a number of other U.S. states since 2009. Heightened seismic...
$952 Million: PERILS Initial Loss Estimate for Windstorm Mike-Niklas
May 11 2015 // PERILS, the independent Zurich-based organization providing industry-wide catastrophe insurance data, has given an initial estimate for windstorm Mike-Niklas (Lentestorm in the Netherlands) of €853 million [$952...
North Carolina Debt Option Proposed by Lawmakers to Pay Catastrophic Claims
May 11 2015 // The state-sanctioned property insurance program in North Carolina coastal counties could borrow to pay for extreme catastrophic losses from hurricanes in legislation making its way through the General Assembly. The House...
Update: North, South Carolina Coastline Warned on Subtropical Storm Ana
May 8 2015 // The National Hurricane Center issued a Tropical Storm Warning from South Santee River, South Carolina to Surf City, North Carolina due to subtropical storm Ana. A Tropical Storm Watch remains in effect for Edisto Beach,...
Nepal Quake Impact ‘Minimal on Global Reinsurers;’ Locally Severe: A.M. Best
May 8 2015 // A.M. Best’s analysis of the damages caused by the earthquake that struck Nepal on April 25, 2015, describes the “significant property damages and fatalities in the Himalayan country.” However, no accurate...
Nepal Quake Biggest April Disaster: Aon Benfield/Impact Forecasting
May 8 2015 // Aon Benfield’s Impact Forecasting’s monthly catastrophe report for April highlights the catastrophic damage throughout Nepal, India, China, and Bangladesh, caused by the magnitude-7.8 earthquake that struck...
State of Emergency Declared in Oklahoma Following Severe Storms, Tornados
May 7 2015 // Oklahoma Gov. Mary Fallin has declared a state of emergency after an outbreak of severe storms that swept across the state on May 6 bringing tornados, high winds, hail and flooding. At least 39 tornados were reported to...
Jardine Lloyd Thompson Capital Markets Adds $10M Cat Bond to Florida Book
May 7 2015 // Jardine Lloyd Thompson Capital Markets (JLTCM) Inc., part of JLT Re, has arranged a private placement catastrophe bond, Market Re 2015-1, which closed at $10 million. The new bond provides one year indemnity-based...
RenaissanceRe Reports Q1 Net Income of $167.8M, Up From $151M in Q1 2014
May 6 2015 // Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to RenaissanceRe common shareholders of $167.8 million, or $4.14 per diluted common share, in the first quarter of 2015, compared to $151.0 million,...
NOAA in Miami to Send More Hurricane Drones into Atlantic this Season
May 6 2015 // Scientists are planning to send more drones flying into hurricanes that develop during the upcoming Atlantic storm season. The National Oceanic and Atmospheric Administration first launched the 13-pound winged drones into...
