Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Why June Storms Are No Harbinger of What’s to Come
Jun 10 2016 // A week into June and two tropical storms have drenched the U.S. South. Perhaps it would be a good time to stock up on duct tape, plywood and sandbags. Unfortunately, using the first few weeks to predict the rest of the...
Bigger Is Better for Lloyd’s Syndicates with Active Cycle Mgmt: S&P
Jun 10 2016 // Benign catastrophe losses, combined with lower and less frequent casualty lines claims, helped Lloyd’s syndicates deliver another strong set of results in 2015, reporting an average combined ratio of 90 percent,...
Missouri Regulator: Risk Increases as Earthquake Insurance Market Shrinks
Jun 9 2016 // More than a half million Missourians are at risk because of the contracting earthquake insurance market, Missouri Department of Insurance Director John M. Huff said during the recent Heartland Insurance Symposium in Kansas...
Global Disasters During May to Cost Insurers at Least $7B: Aon Report
Jun 9 2016 // Global disasters led to at least $7 billion in claims during May as insurers aid the recovery process following wildfires, floods, and storms, according to Impact Forecasting, Aon Benfield’s catastrophe model...
Doak Deems Oklahoma Earthquake Insurance Market ‘Noncompetive’
Jun 8 2016 // Oklahoma’s top insurance regulator has determined that there’s a definite lack of competition in the earthquake insurance market in Oklahoma and ordered insurers to change the way they file rates for the...
Tornado Hits Hamburg – Latest in Europe’s Destructive Summer Storms
Jun 8 2016 // A tornado tore through the northeast of Hamburg on Tuesday evening, blowing off the roofs of several buildings, uprooting dozens of trees and damaging cars and a power line as storms that have raged across Europe this...
Will 2016 See More Atlantic Hurricanes? Scientists Disagree
Jun 7 2016 // This summer and fall, the Atlantic Ocean might become a testing ground for competing scientific theories. After decades of warmth, there’s evidence that the ocean is cooling, a change that could mean fewer of the...
Update: Tropical Storm Colin Moving Out to Sea; Heavy Rain, Atlantic Storm Surge Threats Remain
Jun 7 2016 // Tropical Storm Colin moved out to sea early Tuesday after knocking out power to thousands, prompting Florida Governor Rick Scott to declare a state of emergency. The threat of a storm surge flooding shifted to the Atlantic...
Oklahoma Energy Companies Ask Judge to Dismiss Earthquake Lawsuit
Jun 6 2016 // Three Oklahoma energy companies want a federal judge to dismiss a lawsuit demanding they reduce injection volumes at wastewater disposal wells that could be triggering earthquakes. The lawsuit was filed in February by...
Tropical Storm Colin Prompts Flood Warnings in Florida, Georgia
Jun 6 2016 // A disorganized Tropical Storm Colin in the Gulf of Mexico is expected to cross Florida overnight threatening evacuations in the state’s northern and central regions before striking the Georgia and South Carolina...
TWIA Expects $4.9B in Funds for 2016 Hurricane Season
Jun 6 2016 // While reinsurance for the 2016 hurricane season hasn’t yet been nailed down, Texas’ insurer of last resort for wind and hail along the Texas coast expects to have around $4.9 billion in funds available for...
Regulators: 4 Insurers Hold 55% of the Oklahoma Earthquake Market
Jun 6 2016 // At a May 24 hearing on the competitiveness of earthquake insurance coverage in Oklahoma state insurance regulators released data showing four insurance companies hold 55 percent of the market. That’s a concern for...
South Carolina Commissioner Farmer: Lessons from Historic Floods
Jun 6 2016 // South Carolina’s coastal property insurance market is strong, but the state’s significant catastrophe risk remains an ongoing threat and not one that should be taken lightly. That is the message South Carolina...
Texas Coast Wind Insurer: Position for Hurricane Season Is ‘Strongest-Ever’
Jun 3 2016 // With its reinsurance program now in place, the Texas Windstorm Insurance Association (TWIA) says it is in its strongest-ever position for this year’s hurricane season with $4.9 billion in total funding available to...
Insurance Rates Unlikely to Rise a Lot Even If Hurricane Season is Above Normal: Fitch
Jun 2 2016 // Hurricane forecasters may be split on whether the 2016 Atlantic hurricane season will be above average or normal, but even a higher level of storms might not boost property insurance prices to levels seen in prior market...
Atlantic Coast Should Expect Normal Hurricane Season, Says Colorado State
Jun 2 2016 // The Atlantic should produce a near-normal 12 storms during the six-month hurricane season that officially begins Wednesday, while the U.S. coastline has a below-average chance of being struck by a major system, according...
Fitch: Florida Specialist Insurers Largely Untested By Hurricanes
Jun 2 2016 // The majority of Florida’s homeowner specialist insurers have brief histories, and their ability to manage a large catastrophic hurricane is uncertain despite recent strong performance, according to a new report from...
More than 6.8 Million US Homes at Risk of Hurricane Storm Surge Damage
Jun 1 2016 // This post is part of a series sponsored by CoreLogic. Total Reconstruction Cost Value is More Than $1.5 Trillion Current projections for the 2016 hurricane season indicate that an average or slightly greater-than-average...
Canada ‘Needs to Do More’ to Mitigate Climate Disasters Such as Wildfires, Flood
Jun 1 2016 // The Canadian government needs to do more to mitigate climate disasters such as floods and wildfires, a top green watchdog said on Tuesday as the Alberta town of Fort McMurray struggled to recover from a huge...
GOES-R Satellite Promises Less Art, More Science in Storm Forecasting
Jun 1 2016 // For forecasters trying to better pinpoint the havoc of storms, the future begins next year. That’s when the test phase for the new GOES-R satellite should be complete, providing the National Weather Service with an...
