Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Catastrophe Risk Experts Estimate Up to $3B in U.S. Insured Losses from Delta
Oct 15 2020 // Two catastrophe risk and property data providers have estimated U.S. onshore insured losses from Hurricane Delta will come in at between $0.7 billion and $3 billion. Global property information, analytics and data provider...
Northwest Windstorm Kills 1, Thousands Lose Power
Oct 15 2020 // One person died after a tree fell on them and thousands of people in western Washington were without power as high winds blew into the region Tuesday. According to Anne Nesbit with Key Peninsula Fire, a tree fell on a...
Small Earthquake Confirmed in Arizona
Oct 15 2020 // A small earthquake was confirmed about eight miles east of Flagstaff. According to the United States Geological Survey’s website, the 3.3-magnitude quake was reported at 9:08 a.m. Tuesday with the epicenter located...
Future Unsure for Many After Louisiana’s Back-to-Back Hurricanes
Oct 14 2020 // Michele Vincent’s home was largely intact in spite of hurricanes Laura and Delta. But tears streamed down her face as she looked at her church’s broken windows and shattered pews. “It’s hard to come...
AXIS Capital Estimates Q3 Pre-Tax Catastrophe Losses of $225M-$255M
Oct 14 2020 // AXIS Capital Holdings Ltd. announced a preliminary pre-tax net loss estimate in the range of $225 million to $255 million ($190 million to $220 million, after-tax) for third quarter catastrophes and other events. This net...
Arch Capital Group Estimates Q3 Natural Catastrophe Losses of $190M-$210M
Oct 14 2020 // Arch Capital Group Ltd. estimates its pretax third quarter natural catastrophe losses could range from $190 million to $210 million. These catastrophe events include Hurricanes Isaias, Laura, and Sally, as well as the...
RenaissanceRe Estimates Net Negative Impact of $325M from Q3 Natural Catastrophes
Oct 14 2020 // RenaissanceRe Holdings Ltd. announced it estimates that natural catastrophes during the third quarter of 2020 will have a net negative impact of approximately $325 million. The estimated net negative impact is primarily...
Tropical Storm Nangka Forces Suspension of Markets in Hong Kong
Oct 13 2020 // Hong Kong scrapped trading of stocks and bonds Tuesday after tropical storm Nangka prompted authorities to shutter businesses and close schools. The move came after the Hong Kong Observatory kept its storm signal at No. 8,...
Oregon Easing Some Asbestos Rules to Speed Wildfire Cleanup
Oct 12 2020 // Oregon officials are relaxing some requirements for handling ash and debris containing asbestos to speed work in removing debris from homes and buildings destroyed by wildfires. The Oregon Environmental Quality Commission...
Team Investigating Deadly California Wildfire Seizes PG&E Equipment
Oct 12 2020 // Fire investigators looking into what caused a wildfire that killed four people in far Northern California have taken possession of equipment belonging to Pacific Gas and Electric, the utility has reported. PG&E said in...
State Takes over Houston’s Hurricane Harvey Home Repair Program
Oct 12 2020 // All Houston, Texas, resident Alice Torres has wanted in the three years since Hurricane Harvey hit was to repair her family’s flood-damaged home so her 85-year-old mother can feel safe and settled again. But when her...
Returning After Hurricane Delta, Louisiana Evacuees Face Power Outages, Extreme Heat
Oct 11 2020 // 10/11/2020 06:21 PM— Storm-weary coastal Louisiana residents who fled from the path of Hurricane Delta in recent days streamed back to their homes on Sunday to face cleanup and repairs from the second hurricane to batter...
From Wildfires to Sally to China Floods, September Was a Disastrous Month
Oct 9 2020 // Third quarters are often the costliest of the year in terms natural disasters. Insurance broker Aon’s monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred...
Louisiana Insurance Commissioner: Pay Only 1 Hurricane Deductible Per Season
Oct 8 2020 // Louisiana’s single season named-storm/hurricane deductible law prohibits a homeowner from paying more than one named-storm/hurricane deductible in the same hurricane season, the state insurance department is...
CoreLogic: Nearly 300K Gulf Coast Homes at Possible Risk From Delta
Oct 8 2020 // CoreLogic an Irvine, Calif.-based global property information, analytics and data-enabled solutions provider, has released data analysis showing 293,685 single-family and multifamily homes across Louisiana and the U.S....
Still in Recovery Mode, Louisiana Braces for Hurricane Delta
Oct 8 2020 // Louisiana is steeling itself for another in a record-breaking series of violent storms as Hurricane Delta sped across the Gulf of Mexico toward a region still recovering from the last storm. Delta struck Mexico’s...
U.S. Offshore Energy Firms Prep for Massive Hurricane
Oct 7 2020 // Oil and gas workers withdrew en masse from U.S. offshore production facilities and onshore refineries began preparations on Wednesday as Hurricane Delta was forecast to grow into a powerful storm over the Caribbean on its...
Markel Consolidates Property Catastrophe Reinsurance Business Under Nephila
Oct 7 2020 // Markel Corp. said it is creating one center for all of its global property catastrophe (CAT) reinsurance business by closing its Markel Global Reinsurance property CAT unit and having Nephila become Markel’s single...
Category 3 Hurricane Delta Hits Mexico; Expected to Strengthen, Then Move to U.S.
Oct 7 2020 // Updated Oct 7., 2020, 6:58 AM— Hurricane Delta weakened to a Category 3 storm just before slamming into the coast of Mexico, but remains life-threatening. Delta came ashore along the northeastern Yucatan Peninsula near...
Alabama Coast Struggles to Recover from Hurricane Sally
Oct 6 2020 // Alabama’s beaches have reopened, but the state’s coast has hardly recovered fully from the effects of Hurricane Sally last month. Visitors still have limited options for getting to the sand because so many...
