Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
Texas Mutual Creates $10M Fund for Policyholders Affected by Hurricane Harvey
Sep 13 2017 // Workers’ compensation insurance provider Texas Mutual Insurance Co. has established a grant of $10 million to policyholders affected by Hurricane Harvey. The grant program is intended to support the recovery of...
Willis Towers Watson: Hurricane Harvey Could Upend Commercial Insurance Prices
Sep 13 2017 // Hurricane Harvey could upend a trend of nearly flat commercial insurance prices that has continued since 2015, Willis Towers Watson said in its latest industry survey. “Insurers are bracing for a significant volume...
Cat Facility CCRIF to Pay 6 Caribbean Nations $29.6M for Hurricane Irma Damage
Sep 13 2017 // Cayman Islands-based CCRIF (formerly the Caribbean Catastrophe Risk Insurance Facility) will make payments totaling US$29.6 million to six Caribbean nations recovering from Hurricane Irma. CCRIF’s parametric tropical...
Hurricane Irma May Push Island States to Seek Climate Change Aid
Sep 13 2017 // Devastation from Hurricane Irma in the Caribbean will sharpen the demands from small island nations that top fossil-fuel consumers help them cope with damage attributable to climate change, according to representatives of...
Death Toll from Mexico Earthquake Rises to 96
Sep 12 2017 // The death toll from Mexico’s 8.1 magnitude earthquake rose to 96 on Monday as more victims were confirmed in the hard-hit southern states of Oaxaca and Chiapas and residents worked to repair shattered homes and small...
Travelers Insurance Expects Hurricane Harvey Losses Between $375M-$750M
Sep 12 2017 // The Travelers Companies Inc. estimates that its catastrophe losses relating to Hurricane Harvey, including estimated recoveries from reinsurance, will be in the range of $375 million to $750 million pre-tax ($245 million...
Hurricane Irma Adds to Pressure on New Greenlight Re Chief
Sep 12 2017 // Hedge fund manager David Einhorn has endured a number of losing bets at his insurance venture. Now, the weather is becoming a threat for his Greenlight Capital Re Ltd. The company’s stock has slumped about 9 percent...
Hurricane Harvey: Identifying the Insurance Gap
Sep 11 2017 // This post is part of a series sponsored by CoreLogic. As hurricane Harvey made landfall north of Corpus Christi last week, this Category 4 hurricane left devastation in its wake. CoreLogic® estimates that the total...
Hurricane Costs Become Talk of Monte Carlo’s Reinsurance Rendez-Vous
Sep 10 2017 // As Hurricane Irma battered Florida on Sunday, the cream of the insurance world — gathered under the Mediterranean sun in Monte Carlo — was assessing the costs of the storm for the global industry. The takeaway...
Irma Update: Tropical Storm Exits Florida for Georgia After Flooding Cities, Cutting Utilities
Sep 10 2017 // Downgraded from a hurricane to a tropical storm, Irma flooded several northern Florida cities with heavy rain and a high storm surge on Monday as it headed out of the state after cutting power to millions and ripping roofs...
Chemical Fallout from Hurricane Irma Could Be Worse than Harvey’s
Sep 8 2017 // Before flames and smoke leaped into the sky over the Arkema chemical plant in Crosby, Texas, last week, Jolyn Masters was hunkered down at home on a Hurricane Harvey-flooded street a mile away. Then came a knock. A...
New York’s ‘Sixth Borough’ with Trophy Condos in Hurricane Irma’s Path
Sep 8 2017 // Beyond the bar and the palm-fringed pool, past the gold-leafed columns and floor-to-ceiling murals, workers at the grand Faena Hotel Miami Beach prepared for Hurricane Irma’s fury. Their unusual assignment: fortify...
Rethinking Freight Flood Risk Management After Hurricane Harvey
Sep 8 2017 // A week before Hurricane Harvey walloped Houston, workers for Union Pacific Corp. began moving rail cars out of the railroad’s Englewood switching yard near downtown and brought in enough generators to fill 70 tractor...
New Texas Task Force Formed to Investigate Hurricane-Related Fraud
Sep 8 2017 // Federal prosecutors will lead a new Houston-based group created to help law enforcement agencies respond to an inevitable wave of fraud and other criminal activity set off by Harvey’s punishing rains. Authorities are...
Life-Threatening Hurricane Irma Heads for Miami-Dade County
Sep 8 2017 // Hurricane Irma continued on a collision course with Miami after devastating a chain of Caribbean islands, triggering the largest evacuation in Miami-Dade County history and threatening to become the most expensive storm in...
Hurricane Irma Pummels Caribbean Islands; 14 Known Deaths
Sep 7 2017 // The eye of Hurricane Irma grazed the Turks and Caicos Islands on Thursday, rattling buildings after it smashed a string of Caribbean islands as one of the most powerful Atlantic storms in a century, killing 14 people on...
Hurricane Irma Devastates Chain of Caribbean Islands, Now Setting Sights on Florida
Sep 7 2017 // Irma barreled toward Florida after battering Puerto Rico and devastating a chain of small Caribbean islands, as the Category 5 hurricane threatens to turn into the most expensive storm in U.S. history. Irma, one of three...
Update: Insurance Industry Preparation for Hurricane Irma in Full Swing in Florida
Sep 7 2017 // Source: National Hurricane Center Insurers are taking no chances in preparing for Hurricane Irma as the powerful category 5 storm slogs its way through the Caribbean, devastating the communities left in its wake on its...
Houston’s Small Businesses Digging Out from Hurricane Harvey
Sep 7 2017 // Josh Beasley and his fiancé bought Houston’s Body3 Personal Fitness on July 1, less than two months before Tropical Storm Harvey swamped the gym with a foot of water and left behind the dank stench of fetid...
Here’s What a Category 5 Hurricane Could Do to Florida
Sep 7 2017 // Florida hasn’t suffered a category 5 storm since Hurricane Andrew hit the north Miami area on Aug. 24 1992, but the risk of such a storm has not gone away or even declined. In fact, the state’s risk of...
