Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
People Moves: QBE Nabs Davis From Beazley to Head Cyber; Dhillon Head of Markel’s Catastrophe, Exposure Management
Apr 26 2023 // QBE Names Davis to Newly Created Position: Global Head of Cyber QBE Insurance Group Limited has appointed Serene Davis to newly the created position global head of cyber. Davis will begin working in the role on May...
Catastrophe Losses Hinder Chubb Q1 Net Income
Apr 26 2023 // First quarter net income at Chubb Ltd. fell several percentage points to about $1.9 billion as catastrophe losses evened gains in premiums written. P&C underwriting income was about $1.21 billion, down 5.5% from about...
Tornado, Small Earthquake Hit Upstate New York
Apr 25 2023 // A minor magnitude 3.6 earthquake shook parts of upstate New York on Sunday afternoon. There were no immediate reports of significant damage. The U.S. Geological Survey reported that the earthquake struck at 2:10 p.m. with...
Central Oklahoma Tornadoes Kill 3, Cause Widespread Damage
Apr 20 2023 // A tornado outbreak on in central Oklahoma left three people dead and caused heavy damage Wednesday night. Three fatalities were reported in McClain County, where a tornado hit the town of Cole. Another tornado touched down...
Allstate Estimates $1.7 Billion in Q1 Catastrophe Losses
Apr 20 2023 // Allstate Corp. said pre-tax catastrophe losses for the first quarter are expected to be about $1.7 billion, with about $1.3 billion occurring during the month of March. Losses in March were attributed to 10 events with 75%...
Insured Losses from Mississippi Tornado Nearing $100 Million
Apr 20 2023 // Insurance losses from the March tornado that carved a path of destruction through parts of Mississippi are approaching $100 million, and uninsured losses will likely exceed that number, the state insurance department...
Catastrophe Losses Cause Q1 Drop in Travelers’ Net Income
Apr 19 2023 // First quarter net income at Travelers Cos. fell 4% to $975 million as catastrophes cost the insurer a total of about $535 million during the first three months of the year. Catastrophe losses, coupled with a $48 million...
Two Tornadoes Confirmed in Georgia Towns
Apr 17 2023 // The National Weather Service confirmed two weak tornadoes touched down last week in middle Georgia. No one was reported injured in either storm. A tornado with top winds of 90 mph touched down on the southeast edge of...
Mississippi City Faces Tough Road Rebuilding After Tornado
Apr 17 2023 // The scent of the Mississippi Delta’s soil took hold of Charlie Weissinger’s psyche at an early age, and he has chased it ever since. Weissinger, 37, works at a bank to support his farming addiction in Rolling...
Wisconsin Wildfire Forces Evacuations
Apr 14 2023 // NECEDAH, Wis. (AP) – A wildfire led to evacuations Wednesday in Juneau County, Wisconsin authorities said Wednesday. The fire began in Necedah, about 90 miles north of Madison, and had spread to roughly 100 acres,...
Goodyear’s 2nd-Largest Plant Still Recovering After Mississippi Tornado
Apr 14 2023 // Production at a large north Mississippi tire plant has ground to a halt in the wake of a damaging tornado, pausing operations at one of Goodyear’s largest production facilities in North America. Storms that dropped...
CSU Research Team Forecasts Slightly Below Average 2023 Hurricane Season
Apr 14 2023 // The hurricane research team at Colorado State University in its early forecast of the 2023 Atlantic hurricane season is predicting slightly below-average activity. The CSU Tropical Meteorology Project team is predicting 13...
Wildfire Burns Nearly 700 Acres in Southeast Nebraska
Apr 12 2023 // UNION, Neb. (AP) – Overnight rain helped firefighters get control of two wildfires Monday in southeast Nebraska near the Missouri River. Nebraska officials said after Gov. Jim Pillen surveyed the damage that the fire...
AccuWeather: Storms May Have Delayed California’s Wildfire Season
Apr 12 2023 // The massive rainfall and snow California received this winter will likely delay the upcoming wildfire season for the state – though all that moisture is unlikely to curtail it much if at all, a wildfire report out today...
Kin Spins Into Tornado-Prone Mississippi, Relying on Data for Risk Pricing
Apr 12 2023 // Kin Insurance and its reciprocal exchange program have expanded into Mississippi, just as tornado damage may be worsening in the state. Mississippi saw 184 tornadoes in 2022, ranking it first in the nation for tornado...
Magnitude 4.0 Earthquake Recorded in Oklahoma
Apr 11 2023 // CARNEY, Okla. (AP) – A magnitude 4.0 earthquake was among a series of six tremors that struck central Oklahoma last Thursday morning, according to the U.S. Geological Survey. No injuries or serious damage were...
Wildfire Threat Grows as Florida Drought Worsens
Apr 11 2023 // The threat of wildfires is growing in Florida over the coming weeks as more than half the state is experiencing severe to extreme drought conditions likely to persist until rainy season resumes around mid-May, state and...
Tornadoes Damage Homes, Kills One Person in Louisville, Kentucky
Apr 10 2023 // The National Weather Service said Thursday it was surveying damage from three EF-1 tornadoes that touched down in Kentucky. According to preliminary information, tornadoes hit the Pleasure Ridge Park and Newburg sections...
Catastrophe Losses Drive 2021 U.S. P/C Insurer Impairments: AM Best
Apr 10 2023 // Seventeen U.S. property/casualty insurance companies became impaired in 2021, with seven of the impairments driven by catastrophe losses from hurricanes, primarily in Louisiana and Florida, according to an AM Best...
Lawsuit, Adjuster Say UPC Altered Louisiana Estimate After Hurricane Ida
Apr 10 2023 // The practice of insurance companies revising independent adjusters’ damage reports may be as widespread in Louisiana as it is in Florida, according to adjusters and a plaintiffs’ attorney who has filed a...
