Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
Ironshore’s Shrubb Joins AXA XL’s Terrorism Insurance Team in U.S.
Feb 20 2019 // Morgan Shrubb has joined AXA XL Insurance as underwriting manager for War, Terrorism & Political Violence insurance. Shrubb joins AXA XL from Ironshore International where she served as a production specialist, charged...
SCOR’s Net Profit in 2018 Rises 13% Despite Spate of Q4 Natural Disasters
Feb 20 2019 // French reinsurer SCOR, which was the target of a thwarted acquisition by rival Covea last year, posted a surge in overall 2018 net profits despite making a loss in the fourth quarter caused by a spate of natural...
Thousands of Lawsuits Demanding PG&E Pay for Damages from Wildfires
Feb 18 2019 // Some 1,000 lawsuits have been filed since late 2017 demanding Pacific Gas & Electric Corporation pay for damages caused by wildfires. The lawsuits represent thousands of people, companies, cities and counties affected...
Number of Missouri Homes with Earthquake Coverage Declines
Feb 18 2019 // Between 2008 and 2017 rhere was a significant drop in the number of homes in Missouri insured for damage from earthquake, state insurance regulators report. That’s despite the fact that earthquakes present a...
Predicting Path of Spreading Wildfires
Feb 18 2019 // A University of Missouri researcher is teaming up with scholars in Kansas and Georgia to develop drone technology to monitor and potentially predict the spread of wildfires. The $1.2 million project will use drones to...
California Weighs Buying Disaster Insurance Policy to Cover Wildfire Costs
Feb 14 2019 // California’s insurance commissioner and a lawmaker want to the state to consider buying insurance in the private market to cover rapidly increasing costs of fighting wildfires due to climate change. State Sen. Bill...
UK’s Pool Re Extends Terrorism Cover to Include Non-Damage Business Interruption
Feb 13 2019 // UK’s Pool Re now is able to cover losses incurred if a business cannot trade or is prevented from accessing its premises in the wake of a terrorist attack. Before a change in the law, Pool Re, a public-private...
Georgia House Budget Increases Funds for Hurricane, School Safety
Feb 13 2019 // The Georgia House has approved a midyear budget adjustment that increases funding for school safety and farmers hit by the devastation of Hurricane Michael in October. Republican Rep. Terry England, chairman of the House...
Firefighters Gain Upper Hand over New Zealand Wildfires; Evacuees Return Home
Feb 12 2019 // About 3,000 people who fled as a wildfire threatened a New Zealand town were allowed to return home Monday [Feb. 11] as firefighting conditions improved. Another 400 residents living in valleys near the fire aren’t...
Another California Utility One Wildfire Away From Ruin
Feb 11 2019 // The warning couldn’t have been clearer. As PG&E Corp. plunged into bankruptcy last month, S&P Global Ratings slashed credit grades almost to junk status for California’s two other big electric...
PG&E Vows to Improve Wildfire Prevention
Feb 8 2019 // The nation’s largest utility is promising to overhaul its wildfire-prevention measures in response to growing legal, financial and public pressure over its role in starting some of the most destructive blazes in...
Number of Missouri Homes Insured for Earthquakes Declined from 2008 to 2017
Feb 7 2019 // Despite the fact that earthquakes present a significant hazard to Missourians, the number of homes insured against damage from earthquakes declined between 2008 and 2017, according to a Residential Earthquake Coverage...
Boeing Sued for Negligence in Southern California Wildfire
Feb 7 2019 // Boeing Co. was accused of negligence tied to a wildfire that tore through Malibu, California, in November and that purportedly started on the grounds of the nearby, disused Rocketdyne testing site. A group of homeowners...
PG&E Could Kill Lights to Customers When California Wildfires Occur
Feb 7 2019 // Anyone who gets power from PG&E Corp. could see their lights go out this fire season. Even the millions of Californians who live outside risky areas could be left in the dark under a sweeping proposal the utility filed...
Munich Re Reports 56% Drop in Q4 Profit on Spate of Natural Disasters
Feb 6 2019 // German reinsurer Munich Re on Wednesday reported a 56 percent decline in fourth quarter net profit after a spate of natural catastrophes but proposed raising its dividend for 2018. Net profit fell to 238 million euros...
The United States Saw 11 Natural Disaster Events That Exceeded $1 Billion in Damage During 2018
Feb 6 2019 // This post is part of a series sponsored by CoreLogic. When it comes to natural disasters, 2018 was an eventful year worldwide. Typhoons devastated the Philippines, Hong Kong, Japan and Oman. Earthquakes caused mass...
Thousands of Lawsuits Demanding PG&E Pay for Damages from Wildfires
Feb 5 2019 // Some 1,000 lawsuits have been filed since late 2017 demanding Pacific Gas & Electric Corporation pay for damages caused by wildfires. The lawsuits represent thousands of people, companies, cities and counties affected...
Bankruptcy Won’t End Problem PG&E Must Still Deal With: Wildfires
Feb 4 2019 // Big corporations forced into bankruptcy by liability lawsuits often take the offending product off the market and try to move on. That’s what happened with the Dalkon Shield birth control device, asbestos and...
Lawmakers Need to Decide Nature of Texas Windstorm Insurer, Sunset Commission Says
Feb 4 2019 // To be the insurer of last resort for wind and hail insurance along the Texas coast — without state support and reliant on premium dollars and debt financing for funding, or to be a true insurance company that derives...
When Rebuilding After Hurricanes, Big Homes Replace Small
Feb 4 2019 // Trend Is Playing Out in Areas Prone to Extreme Winds and Storm Surge A study of hurricane-hit areas of the United States has revealed a trend of larger homes being built to replace smaller ones in the years following a...
