Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Tornado-Torn Arkansas Town to Build Shelter with Grant Money
Jul 17 2015 // An Arkansas town damaged by an April 2014 tornado will receive more than $1 million in federal grant money to build a safe room that will shelter more than a thousand people. Arkansas Sens. John Boozman and Tom Cotton and...
Insure Against Risk of Climate Catastrophe: Peter Orszag in Bloomberg View
Jul 17 2015 // “Go Set a Watchman” isn’t the only book this year that brings new perspective to an old story line. “Climate Shock: The Economic Consequences of a Hotter Planet” should shift our narrative on...
Q2 Cat Bonds Issuance Nearly $3 Billion: Aon Securities Report
Jul 16 2015 // Aon Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, has released its latest report –”Insurance-Linked Securities Second Quarter 2015 Update”...
AIR Estimates Typhoon Chan-hom Insured Losses Less than $354 Million
Jul 16 2015 // According to catastrophe modeling firm AIR Worldwide, insured losses in China from Typhoon Chan-hom are unlikely to exceed CNY 2.2 billion [$354.3 million]. “Typhoon Chan-hom made landfall in the coastal city of...
Typhoon Nangka Continues on Course towards Japan: AIR Analysis
Jul 15 2015 // Catastrophe modeling firm AIR Worldwide has released an analysis of Typhoon Nangka, which is currently a Category 3 storm “with a central pressure of 950 mb and maximum 10-minute sustained wind speeds of 80 knots...
Michigan Bill Calls for Transparency from Catastrophe Claims Assn.
Jul 14 2015 // A bill introduced in Michigan would require transparency and detailed financial and actuarial information from the Michigan Catastrophic Claims Association (MCCA) to be published on the association’s website. House...
High Winds, Tornadoes Damage Parts of Midwest
Jul 14 2015 // Several Midwest states have been hit with damaging winds, tornadoes and flooding over the past several days. Forecasters say at least four unconfirmed tornadoes may touched down in western Minnesota when strong storms...
Evacuation Orders Lifted in Washington Wildfire
Jul 14 2015 // Evacuations orders have been lifted for a Central Washington wildfire, officials said Tuesday. Firefighters worked to continue strengthening fire lines, and do mop up work on the 22,212 acre blaze, which is now 80 percent...
Southern California Wildfire Caused by Human Activity, Officials Say
Jul 14 2015 // Authorities say human activity caused a Southern California wildfire that burned four buildings and 49 square miles of forest land. However, it’s unclear whether the fire was set on purpose or by accident. The blaze...
Global Insured Cat Losses in First Half Are Below Long-Term Average: Munich Re
Jul 14 2015 // Overall losses and insured losses from natural catastrophes during the first half of 2015 were below long-term average values, according to a review of global natural catastrophes issued by Munich Re. Total natural...
As Nine Storms Roar Across the Pacific Ocean, Two Forces Are to Blame
Jul 14 2015 // The Pacific Ocean, named for placidity, is roaring. In the past week, eight tropical systems — and that includes two major typhoons — have formed across the Pacific from China to Mexico. On top of that, another...
Typhoon Chan-hom Loses Strength as It Moves Toward Korean Peninsula
Jul 13 2015 // Typhoon Chan-hom, which caused the evacuation of about a million people and the cancellation of hundreds of air flights in eastern China on Saturday, weakened as it moved northeast along the East China ocean toward the...
Texas Seeking Applications for Windstorm Insurance Assoc. Board
Jul 12 2015 // The Texas Department of Insurance is accepting applications for the Texas Windstorm Insurance Association board of directors after the makeup of the board was changed by the 84th Legislature. Under Senate Bill 900, the...
UK Insurers to Stress Test Capital Reserves Against Synchronized Terrorist Attack
Jul 10 2015 // UK regulators have asked property and casualty insurers to stress test their capital reserves against catastrophes, including a synchronized terrorist attack in London, New York and one other major city. The Prudential...
Twitter, Facebook, YouTube Must Report Terrorist Activity: Senate Bill
Jul 9 2015 // Social media operators such as Twitter, Facebook and YouTube would have to notify federal authorities of online “terrorist activity,” according to the text of a bill approved by the U.S. Senate Intelligence...
Typhoon Chan-hom Tracks toward SE China, May Graze Taiwan: AIR Report
Jul 9 2015 // According to catastrophe modeling firm AIR Worldwide, Typhoon Chan-hom is “steadily intensifying as it passes over warmer-than-average ocean water.” The storm also remains on track to make land fall on Saturday...
ACE Doubles Terrorism, Political Violence and War Insurance Capacity
Jul 9 2015 // ACE Group announced it is offering increased insurance capacity of up to US$100 million/100 million euros (previously US$50 million/50 million euros) for terrorism, political violence and war risks in response to evolving...
Aon Benfield’s June Cat Report Highlights China Rains, Floods, U.S. Storms
Jul 9 2015 // Impact Forecasting, Aon Benfield’s catastrophe model development team, has released its latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that...
5 Tornadoes Confirmed in Middle Tennessee
Jul 9 2015 // The National Weather Service says it has confirmed five tornadoes touched down in Middle Tennessee during storms July 2. The Tennessean reports two tornadoes touched down in Wilson County, two in Old Hickory and one in Mt....
PERILS 3rd Loss Estimate for Windstorm Ebon-Felix is $362 Million
Jul 8 2015 // PERILS AG has disclosed its third loss estimate for windstorm Elon-Felix which affected Western and Northern Europe between the 8th and the 12th of January 2015. The revised estimate of the property insurance market loss...
