Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
RMS Commends Tokyo’s Adoption of Nat Cat Quake Loss Reduction Plan
Apr 8 2015 // Catastrophe modeling firm RMS has issued a statement supporting the recently-announced plan by the city of Tokyo to halve expected earthquake casualties over the next ten years, urging other cities and countries to follow...
Citizens Board Approves $1B in Pre-Event Bonds for 2015 Hurricane Season
Apr 8 2015 // Citizens Property Insurance Corp.’s Board of Governors has approved the issuance of up to $1 billion in pre-event bonds to provide Citizens with readily available cash flow for the 2015 hurricane season and...
3.6 Magnitude Missouri Temblor Shows Need for Quake Insurance, Regulator Says
Apr 7 2015 // No damage was reported from a magnitude 3.6 earthquake in southeast Missouri on April 1, but the state’s insurance director says it night illustrated the need for earthquake insurance coverage The quake occurred at...
TWIA Transfers $262M Into Catastrophe Reserve Trust Fund
Apr 6 2015 // The Texas Windstorm Insurance Association has transferred $262.7 million into its Catastrophe Reserve Trust Fund as a result of its 2014 operations. The transfer brings the CRTF total to its largest balance at roughly $480...
Lloyd’s of London Offers Wildfire Insurance to Oregon at Higher Rates
Apr 6 2015 // The state of Oregon has a chance to continue its unique insurance policy that helps pay for fighting wildfires in big burning years – but at a higher premium and deductible. Lloyd’s of London has offered to cover...
Texas Windstorm Insurer: Private Carrier, UPC, Interested in 60K Policies
Apr 6 2015 // The Texas Windstorm Insurance Association (TWIA) announced that a carrier participating in its depopulation program has signaled an interest in taking over around 60,000 TWIA policies. TWIA is the property insurer of last...
1 Dead as Severe Storms, Tornadoes Sweep Across Oklahoma
Apr 6 2015 // Oklahoma Insurance Commissioner John D. Doak said more than 1,100 homeowners insurance claims had been filed by the day after severe weather crossed the state in late March, leaving one dead and many injured in the wake of...
Feds to Release New Earthquake Hazard Map for Oklahoma
Apr 6 2015 // The U.S. Geological Survey is expected to release a new hazard map for earthquakes in Oklahoma. The Oklahoman reports that data collection has continued with the help of the Oklahoma Geological Survey after the state...
Storm Surge Alerts to Begin on Atlantic Coast This Hurricane Season
Apr 2 2015 // As the people of New Orleans, New Jersey and New York know all too well, much of the death and damage caused by hurricanes isn’t from the wind. It’s from the storm surge. When the 2015 Atlantic hurricane season...
Philippines Warns Tourists to Take Precautions as Typhoon Maysak Approaches
Apr 2 2015 // The Philippines is urging tourists to take precautions or cut short Easter vacations, and may evacuate thousands of people in the path of approaching Typhoon Maysak. The storm may affect as many as a million people, the...
Oklahoma Gov. Requests Federal Disaster Declaration
Apr 1 2015 // Oklahoma Gov. Mary Fallin has requested a federal disaster declaration for Tulsa and Cleveland counties in the wake of deadly tornadoes that ripped through two mobile home parks near Sand Springs and another tornado that...
Number of Deaths From Oklahoma Tornadoes, Storms Rises to 4
Apr 1 2015 // The death toll from tornadoes and strong storms last week in Oklahoma has risen to four people. The Office of the Chief Medical Examiner had earlier said that one person died when the severe weather struck a mobile home...
PERILS Updates Insurance Industry Exposure Database & Adds Austria
Apr 1 2015 // Catastrophe insurance data provider PERILS AG announced the release of the 2015 update for its Industry Exposure Database (IED), “contains updated market-wide property sums insured for European windstorm for the...
Philippines Braces for Super Typhoon Maysak; People Head to Beaches
Apr 1 2015 // The Philippines placed its military on its highest alert level and asked millions of people heading to beach resorts for Easter holidays to prepare for Super Typhoon Maysak, a category-5 storm expected to hit land on April...
More Counties Added to Oklahoma Earthquake Watch List
Mar 30 2015 // Oklahoma officials are expanding the number of counties that are included in earthquake “areas of interest,” and asking nearly 100 companies to prove their oil and gas waste-water disposal wells are not too...
Michigan’s Auto Insurance Catastrophic Injury Fee to Drop to $150
Mar 27 2015 // The annual auto insurance fee that Michigan drivers pay toward caring for people catastrophically injured in crashes is dropping from $186 to $150. The Michigan Catastrophic Claims Association announced March 25 that the...
Storms Sweep Through Oklahoma with Tornadoes, Hail
Mar 26 2015 // Oklahoma Attorney General Pruitt announced that Oklahoma’s Emergency Price Stabilization Act is now in effect for 25 Oklahoma counties after Gov. Mary Fallin declared a state of emergency due to tornadoes, severe...
Arkansas, Oklahoma, Warned of Hail, High Wind-Packing Storms
Mar 25 2015 // While there has been a curious lack of tornadoes throughout the country’s midsection, that may soon change, according to federal weather forecasters. A cold front approaching Oklahoma, Arkansas and Missouri is...
2014 Insured Cat Losses below Average at $35 Bn: Swiss Re Sigma Report
Mar 25 2015 // Swiss Re has just released its sigma report on catastrophe losses for 2014, which confirms that total global economic losses from natural catastrophes and man-made disasters were around $110 billion, compared to global...
Texas Windstorm Insurer: Private Carrier Interested in 60K Policies
Mar 24 2015 // The Texas Windstorm Insurance Association (TWIA) announced that a carrier participating in its depopulation program has signaled an interest in around 60,000 policies that currently are on TWIA’s books. TWIA is the...
