Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
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...
Three Steps Towards Getting Your Portfolio Ready for Hurricane Season
Jul 6 2015 // This post is part of a series sponsored by CoreLogic. Insuring property along our nation’s coastlines can be either extremely lucrative or laden with risk. Many coastal residents are underinsured—which puts...
California Funds Incentives for Earthquake Protection
Jul 6 2015 // When California Gov. Jerry Brown signed the 2015-2016 budget, it included $3 million in funding to expand the Earthquake Brace and Bolt program and clarified that the program’s grants are income-tax exempt at the...
Wildfire Report Shows 2 Million California Homes at Risk as Drought Continues
Jul 6 2015 // A report issued in June shows California has more than 2 million homes at “high” or “extreme” wildfire risk, as the multi-year drought continues to stoke fears among some experts of a potentially...
How Hurricane Katrina Changed Business Preparation Planning for Disasters
Jul 6 2015 // Nearly 10 years ago, wind and storm surges as a result of Hurricane Katrina caused $41 billion in insured losses and $108 billion in total economic losses. Many of the lawsuits filed as a result of the fifth hurricane of...
‘Seismicity’: Re/insurers Ponder the Impact of Human-Caused Earthquakes
Jul 6 2015 // Earthquakes, the natural kind caused by the movements of vast tectonic plates, have been occurring since the dawn of time. But now there is a new type of quake, the study of which has been labeled “seismicity,”...
NWS: Tornado in St. Louis Area Was EF-2
Jul 1 2015 // The National Weather Service has confirmed that a tornado touched down in St. Charles County, Mo., last weekend. A strong stormed rolled through the St. Louis region Sunday night. The weather service says an EF-2 tornado...
ILS Products Are Changing Reinsurance Industry Norms: ‘Acts of God’ Author
Jul 1 2015 // Second of two articles In the first article in this series, Paula Jarzabkowski, professor of Strategic Management at Cass Business School, City University London, discussed the findings of her book on the reinsurance...
National Hurricane Center, Florida University to Launch Hurricane Site in Spanish
Jul 1 2015 // The National Hurricane Center and Florida International University are launching a new Spanish-language website for hurricane preparation. The website will include information on hurricane science, residential mitigation...
California Funds Incentives For Earthquake Protection
Jun 29 2015 // When California Gov. Jerry Brown signed the 2015-2016 budget, it included $3 million in funding to expand the Earthquake Brace and Bolt program and clarified that the program’s grants are income-tax exempt at the...
Updated AIR Hurricane Model for U.S. Features Storm Surge Module
Jun 29 2015 // Catastrophe risk modeling firm AIR Worldwide has updated its hurricane model for the U.S. to help insurers and reinsurers better understand and quantify the risk from hurricanes. The update features a hydrodynamic storm...
How Terrorism Reinsurance Law Uncertainty Affected Market
Jun 29 2015 // After a slight dip in the wake of the brief lapse of the terrorism reinsurance program in early 2015, terrorism insurance market conditions are steady again, although there have been some noteworthy changes in behavior,...
Reinsurance Market’s Evolution Could Affect Its Stability: ‘Acts of God’ Author
Jun 26 2015 // First of Two Articles The reinsurance market is moving from coverage of acts of God to one that covers commoditized risks – an evolution that could have long-term implications for market stability and trading large-scale...
Models for Explosions from Terrorist Attacks Could Reduce the Carnage
Jun 25 2015 // While catastrophic event models mainly focus on weather related events, the world also has to cope with catastrophic terrorist acts, particularly those caused by explosive devices placed in areas where they will cause the...
Alaska Wildfires Grow, Prompt Evacuations
Jun 24 2015 // Intensifying wildfires in Alaska have led to evacuations in several parts of the state, including a tiny village where residents fled on boats. A firefighter on one blaze also was treated for a bear bite after encountering...
Michigan Hit with Damaging Winds, Tornados, Flooding
Jun 24 2015 // A series of severe thunderstorms that pushed damaging winds and tornados into several parts of Michigan on Monday and Tuesday wrecked homes and knocked out power to thousands of people, officials said. From Monday...
Severe Storms, Tornado Damage Homes, Injure 7 in Illinois
Jun 24 2015 // At least seven people were injured as severe thunderstorms that swept across northern Illinois spawned a tornado, damaged homes and uprooted trees. Particularly hard hit Monday night was Coal City, a community of...
‘Seismicity’ – Re/Insurers Ponder the Impact of Human-Caused Earthquakes
Jun 24 2015 // Earthquakes, the natural kind caused by the movements of vast tectonic plates, have been occurring since the dawn of time. But now there is a new type of quake, the study of which has been labeled “seismicity,”...
Newbridge Writes Political Violence, Terrorism Risks via Castel MGA Platform
Jun 24 2015 // Newbridge Risk Partners has launched operations on Castel Underwriting Agencies MGA formation platform, targeting political violence and terrorism risks in emerging markets. The new underwriting cell will be focused on the...
Remnants of Tropical Storm Bill Headed for the Midwest
Jun 18 2015 // Tropical Storm Bill wrung out almost 12 inches of rain over parts of eastern Texas, was downgraded to a depression and then handed off from the National Hurricane Center to the Weather Prediction Center. That doesn’t...
