Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
UK SMEs Face BI Coverage Gaps After Terrorist Events: Pool Re Report
Sep 26 2017 // Many terrorism insurance policies are triggered when there is physical damage to a property. As a result, commercial insurance buyers may find that they are unprotected against business interruption losses if there is...
Damage From Rare Utah Tornado Still Being Felt a Year Later
Sep 26 2017 // Damage from a rare tornado that ripped through a Utah county a year ago still lingers in the homes and minds of people who live in its path. The twister gutted 12 homes and damaged dozens more in Weber County, causing a...
Insured Losses in Caribbean from Hurricane Maria Estimated at $40B-$85B: AIR
Sep 26 2017 // Industry insured losses for Hurricane Maria in the Caribbean will be between US$40 billion and US$85 billion, according to catastrophe modeling firm AIR Worldwide. Puerto Rico alone accounts for more than 85 percent of the...
2 Wildfires In Northern California Destroy or Damage Multiple Homes
Sep 25 2017 // Authorities say multiple homes and other structures have been destroyed or damaged in two wildfires that broke out over the weekend in Northern California. Fire officials in Auburn northeast of Sacramento said flames that...
Natural Disasters Begin to Hit Profits of Global Reinsurers
Sep 22 2017 // A profit warning from one of the world’s largest reinsurers is the latest sign that the death and destruction from a spate of hurricanes and earthquakes in North America are now taking a toll on the titans of global...
Insurance Industry Foundation Opens Charity Fund for Hurricane Irma Victims
Sep 21 2017 // The Insurance Industry Charitable Foundation (IICF), a nonprofit organization for insurance industry charitable giving, has launched a new disaster relief fund to assist the millions affected by the catastrophic damage of...
Global Reinsurers Face Exposures to Mexico City Earthquake: Morgan Stanley
Sep 21 2017 // Global reinsurers will likely face exposures from a massive magnitude 7.1 earthquake that struck Mexico City on Sept. 19, Morgan Stanley said in a new research note. This earthquake led to dozens of deaths and the toppling...
States Need Better Protections for Insurance Consumers in Natural Disasters: Rutgers Report
Sep 21 2017 // As homeowners continue to file insurance claims in the wake of Hurricanes Harvey and Irma, a research report released by the Rutgers Center for Risk and Responsibility at the Rutgers Law School in Camden, N.J., suggests...
Fitch: Hurricane Irma Losses Substantial, But Won’t Weaken Insurer Ratings
Sep 21 2017 // Estimated insured losses for the insurance industry for Hurricane Irma range from $25 to $50 billion based on various loss estimates, according to a report from Fitch Ratings. The ratings agency said these losses will...
Hurricane Maria Carves Path of Destruction Through Puerto Rico
Sep 20 2017 // Hurricane Maria, the strongest storm to strike Puerto Rico in nearly 90 years, carved a path of destruction through the U.S. territory on Wednesday, causing widespread flooding and knocking power out across the island...
Small Earthquake in Illinois Felt in 3 States
Sep 20 2017 // The U.S. Geological Survey reports that a small earthquake in southeastern Illinois was felt across parts of Illinois, Indiana and Kentucky. The USGS says the preliminary 3.8-magnitude earthquake occurred at 6:47 a.m....
FEMA Not Relying on Trailers to House Hurricane Victims
Sep 20 2017 // The hurricanes that battered Texas and Florida have likely spawned the worst disaster-created housing crisis since Hurricane Katrina left hundreds of thousands of Gulf Coast residents without homes more than a decade...
A.M. Best Warns on Hurricane Maria Impact on Caribbean/Puerto Rican Insurers
Sep 20 2017 // Many insurers and reinsurers in the Caribbean and in Puerto Rico will be tested as they brace for Hurricane Maria, the second hurricane to hit the region in two weeks, according to ratings agency A.M. Best. Hurricane Maria...
New York State Prepares Long Island for Hurricane Jose’s Impact
Sep 20 2017 // New York state officials have deployed members of the National Guard and specialized emergency response units to Long Island to prepare for potentially severe weather caused by Hurricane Jose. Gov. Andrew Cuomo says 100...
Most Produce Farmers Hit by Recent Hurricanes Not Covered by Federal Crop Insurance
Sep 20 2017 // In the U.S, government-backed insurance plans help compensate farmers for losses after natural disasters. Unfortunately for the produce growers that were ravaged by recent hurricanes, a lot of the nation’s vegetable...
Category 4 Hurricane Maria Barrels Into Puerto Rico
Sep 20 2017 // Hurricane Maria slammed into southeastern Puerto Rico as a Category 4 storm with the potential to inflict $30 billion in damages just two weeks after Irma ravaged the cash-strapped island. Top winds reached 155 miles (249...
Search for Survivors Underway after Mexico Earthquake; Hundreds Killed
Sep 20 2017 // Mexican search and rescue teams worked through the night after an earthquake rocked one of the world’s largest urban centers, killing hundreds and reducing buildings to rubble. Military police, paramedics and...
Rain and Snow Help Montana Wildfires But Won’t End Season
Sep 19 2017 // Rain snow and cold have replaced heat and smoke after about two dry months on Montana’s fire lines, leaving crews scrambling for extra sleeping bags, heaters, coats and long underwear. While the change in weather is...
What If an Irma-Like Hurricane Hit the New York City Metro Area?
Sep 19 2017 // It sounds like a Hollywood disaster movie. A Category 5 hurricane churning in the mid-Atlantic suddenly veers northwest – and heads straight for New York City. The good news is that, for now, experts agree a Cat...
Financially-Strapped Puerto Rico Faces Hurricane Maria After $1 Billion Hit by Irma
Sep 19 2017 // Two weeks ago, Puerto Rico was spared a devastating hit when Hurricane Irma ripped up the Caribbean. This time, it may not be so lucky. The bankrupt island, already contending with the aftermath of a storm that left as...
