Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
26 Insurers Extend Time for 2017 California Wildfire Victims for Living Expenses
Oct 18 2019 // Twenty-six insurers have agreed to extend the time limits for 2017 wildfire survivors to access additional living expense benefits. The companies represent a majority of the total losses from the devastating 2017 wildfires...
National Hurricane Center Issues Tropical Storm Warning Along Gulf Coast
Oct 18 2019 // A disturbance in the southwestern Gulf of Mexico is likely to become a tropical storm that will hit the northern U.S. Gulf Coast with wind and rain, forecasters said Thursday. Moving off the eastern coast of Mexico, the...
PG&E Noteholders, California Wildfire Victims File Formal Reorganization Plan
Oct 18 2019 // Noteholders of PG&E Corp. and a committee for victims of the wildfires that pushed the power producer into bankruptcy filed a formal reorganization plan on Thursday for the company, proposing they get effectively all...
Typhoons Faxai, Hagibis Unlikely to Affect Stability of Japan’s Non-Life Insurers: AM Best
Oct 18 2019 // The recent mega-typhoons in Japan are unlikely to affect the financial stability of the country’s three major non-life insurers due to their appropriate catastrophe risk management and strong capitalization levels,...
Florida Officials Say Insurers Not Doing Enough to Settle Hurricane Michael Claims
Oct 17 2019 // It’s been just over a year since Hurricane Michael made landfall in the Florida Panhandle, devastating the region as a Category 5 storm with 161-mph winds and causing more than $7.2 billion in estimated insured...
Timber Farmers in Florida Panhandle Face Tough Choices Year After Michael
Oct 16 2019 // The sunsets are a sight to behold in Joe Leonard’s neck of the woods these days. A year ago, lush stands of towering pines obscured the horizon, he said as he drove his pickup along a dusty Florida Panhandle road....
RenaissanceRe Estimates Third Quarter Natural Catastrophe Losses of $155 Million
Oct 16 2019 // RenaissanceRe Holdings Ltd. announced it estimates losses from third quarter 2019 catastrophe events will have an estimated net negative impact of approximately $155 million on its third quarter 2019 results. The estimated...
Everest Re Group Estimates Q3 Catastrophe Losses of $280 Million
Oct 16 2019 // Everest Re Group Ltd. announced a preliminary pre-tax catastrophe loss estimate for the third quarter of 2019 in the amount of $280 million. This amount is net of reinsurance recoveries and reinstatement premiums, said...
Great California Shakeout on 30th Anniversary of Massive Loma Prieta Quake
Oct 15 2019 // Millions of Californians are expected to practice how to dropping, covering and holding on when the ground shakes during the Great California ShakeOut on Thursday at 10:17 a.m. The annual earthquake drill will coincide...
Officials: Deadly Los Angeles Wildfire Began Near Base of Electrical Tower
Oct 15 2019 // A deadly wind-driven wildfire that raged across the northern edge of Los Angeles last week started near the base of high-voltage transmission tower owned by electric utility Southern California Edison, company and fire...
Southeast Missouri Shaken by Magnitude 3.0 Earthquake
Oct 14 2019 // A small earthquake has been reported in southeastern Missouri. The U.S. Geological Survey says the magnitude 3.0 earthquake occurred just before 8 a.m. Saturday and was centered about 2.7 miles (4 kilometers) southwest of...
Hurricane Dorian Ties as Strongest Landfalling Atlantic Hurricane on Record: Aon
Oct 14 2019 // Hurricane Dorian made landfalls in the Bahamas, North Carolina, and Canada in early September, bringing total economic and insured losses in the billions, according to Aon’s monthly Global Catastrophe Recap...
AXIS Capital Estimates Q3 Catastrophe Losses of Up to $175 Million
Oct 14 2019 // AXIS Capital Holdings Ltd. announced a preliminary pre-tax loss estimate for Hurricane Dorian, Japanese typhoons and other weather-related events in the range of $150 million to $175 million, net of estimated recoveries...
Update: Typhoon Hagibis Rips Across Japan, Causing Flooding, Killing at Least 43
Oct 12 2019 // Japan is sending more than 110,000 people including its Self-Defense Forces to tackle rescue and cleanup operations in the wake of the most powerful typhoon to hit the country in decades, which left at least 43 people...
Florida Panhandle Facing Uphill Battle in Recovery One Year after Michael
Oct 11 2019 // A year after Hurricane Michael, the Florida county hardest hit by the Category 5 storm is still in crisis: Thousands in Bay County are homeless, medical care and housing are at a premium, domestic violence has become a...
Wildfire Destroyed Dozens of Homes in Southern California
Oct 11 2019 // Burning trash dumped by a garbage truck caused a fire that by early Friday had destroyed dozens of homes in California’s Riverside County, fire officials said, as wildfires across the state led to power cuts for...
Hurricane Michael: One Year Later, Federal Aid for Recovery Totals Nearly $2B
Oct 10 2019 // Since Hurricane Michael made landfall Oct. 10, 2018, federal assistance for recovery in the 18 affected counties is nearly $1.9 billion, including FEMA grants, National Flood Insurance Program payments and U.S. Small...
Texas Windstorm Insurer Seeks Input for Actuarial & Underwriting Committee
Oct 10 2019 // Texas insurer of last resort for properties along the state’s coast is seeking input from the public in advance of a meeting of its Actuarial & Underwriting Committee. The Texas Windstorm Insurance...
Update: Super Typhoon Hagibis Tracks Toward Japan; Guy Carpenter, RMS Comment
Oct 10 2019 // Super Typhoon Hagabis has been a category 5 for much of the first half of this week, but fortunately is forecast to weaken to a category 3 typhoon when it makes landfall in Japan on Saturday morning, Oct. 12, said Guy...
Millions in Northern, Central California Lose Electricity to Mitigate Wildfire Risks
Oct 10 2019 // California utility giant PG&E Corp. expanded the biggest blackout that has ever been orchestrated to prevent wildfires with a second round of shutoffs in the Sierra Nevada foothills. The company told reporters late...
