Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Update: Jamaica to Get Record $70.8M Parametric Payout for Hurricane Melissa
Nov 4 2025 // The Caribbean Catastrophe Risk Insurance Facility (CCRIF) announced it will make a payout of US$70.8 million to the government of Jamaica to cover damages from Hurricane Melissa. This marks the largest single payout in the...
Typhoon Kalmaegi Kills 21 as It Pummels Central Philippines
Nov 4 2025 // Typhoon Kalmaegi killed 21 people and displaced nearly 400,000 more as it dumped heavy rains and caused widespread flooding in central Philippines, according to officials and local media. Many of the fatalities were in...
CNA Net Income for Q3 Up 42% on Lower Catastrophe Losses
Nov 4 2025 // CNA Financial Corp. recorded third quarter net income of $403 million compared with $283 million a year during the same period. Pretax catastrophe losses were $41 million for Q3, down more than $100 million from the prior...
Insured Losses From Hurricane Melissa Could Reach $4.2 Billion, Verisk Estimates
Nov 3 2025 // Insured losses from Hurricane Melissa’s strike on Jamaica are expected to range between $2.2 billion and $4.2 billion, according to estimates from data analytics firm Verisk. The Category 5 hurricane made landfall in...
Jamaica Catastrophe Bond Has Now Triggered, Government Says
Nov 3 2025 // Jamaica’s catastrophe bond has now triggered as a result of the fallout from Hurricane Melissa, the government said. “Over the next few weeks we’ll get more details into what the payout is,” Dana...
Wildfire Forces Rural Community in Southern Texas to Evacuate
Oct 31 2025 // Thick smoke blanketed a rural community in southern Texas and many residents were ordered to evacuate as firefighters worked to contain a blaze Wednesday evening, officials said. The Mill Fire in Gregory, Texas, about 150...
Hurricane Melissa to Bring Wet, Windy Weather to Northern Europe
Oct 31 2025 // Hurricane Melissa is forecast to dissipate in the Atlantic Ocean next week, bringing wet and windy weather to northern Europe after wrecking havoc across the Caribbean. The record-setting storm left a trail of destruction...
Satellite Data Reveals Hurricane Melissa Damage in Jamaica
Oct 31 2025 // As Hurricane Melissa sweeps past Bermuda, new satellite data of Jamaica has revealed devastation for tourist center Montego Bay and much of the Western part of the country. At least 40% of the buildings and roads in the...
Expert Underwriter Secures Critical Wildfire Coverage for High-Risk California Warehouse, Saving Key Account
Oct 30 2025 // Monrovia, CA ., Oct 30, 2025 – In a notable victory against challenging market conditions, the specialized underwriting team at Greenwood General Insurance Agency successfully placed a complex property insurance policy...
Jamaica’s Grid Was Not Ready for Hurricane Melissa
Oct 30 2025 // After Hurricane Beryl devastated Jamaica’s grid last year, officials at the island’s sole utility vowed to fortify it. But the company’s initiatives were only in the planning and early implementation...
Hurricane Melissa Wreaks $8 Billion of Damage, Kills Dozens
Oct 30 2025 // The devastation from Hurricane Melissa came into focus after the record-setting storm moved past Jamaica, Haiti and Cuba with at least 33 deaths and almost $8 billion of damage in its wake. Across the Caribbean, the...
SCE Wildfire Fund to Pay Millions, Fast-Track Death Claims
Oct 29 2025 // Southern California Edison said on Wednesday it would pay several million dollars each to families who lost loved ones in the January wildfires that scorched 14,000 acres in greater Los Angeles and destroyed thousands of...
Reinsurers Hold Bulk of Jamaica’s Property Exposures From Hurricane Melissa: Reports
Oct 29 2025 // Hurricane Melissa made landfall in Jamaica as a powerful category 5 storm – a record for the Caribbean island nation — which brought storm surge, torrential rain, strong winds and massive damages. Making landfall...
Hurricane Melissa Makes Cuba Landfall After Lashing Jamaica
Oct 29 2025 // Hurricane Melissa made landfall in Cuba less than a day after it became the strongest recorded storm to strike Jamaica, where it left hundreds of thousands without power and forced hospitals to evacuate. Melissa crossed...
‘Catastrophic’ Hack Underscores Public Defender Security Gaps
Oct 29 2025 // Recent cyberattacks on public defenders’ offices in multiple Western US states have spotlighted the technological vulnerabilities of an often overlooked but critical part of the US judicial system. Public defenders,...
Jamaica Catastrophe Bondholders Now Face Full-Trigger Event
Oct 28 2025 // Investors in Jamaica’s catastrophe bond now face a full trigger event that would force payment of the entire $150 million bond to help the island deal with fallout from Hurricane Melissa. That’s according to...
Ex-PIMCO Executive Plans to Launch Europe’s First ETF Based on Catastrophe Bonds
Oct 28 2025 // Europe may soon get its first exchange-traded fund based on catastrophe bonds. An application to register the ETF was filed in Ireland, according to Rick Pagnani, co-founder and chief executive officer of King Ridge...
Update: Hurricane Melissa Bears Down on Jamaica as Category 5 Storm
Oct 28 2025 // Hurricane Melissa is churning toward Jamaica as the island’s worst-ever storm, with high winds and flooding rains already pummeling coastal areas in the hours before landfall. Melissa’s top winds reached 185...
Catastrophe Bond Investors Told to Brace for Jamaica Payout
Oct 28 2025 // Investors in a catastrophe bond tied to Jamaica look set to experience a trigger event as Hurricane Melissa barrels toward the Caribbean island as a Category 5 storm. “Based on current models there is a high chance...
Hurricane Melissa Churns Toward Jamaica as Category 5 Storm
Oct 27 2025 // Hurricane Melissa plowed toward Jamaica as a powerful Category 5 storm, threatening to bring widespread destruction to the island. Melissa’s top winds reached 165 miles (266 kilometers) per hour, up from 160 mph...
