Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
Munich Re Estimates $1.6 Billion Hit From Hurricane Ian Could Affect 2022 Targets
Oct 21 2022 // Munich Re said it will probably take a hit of about 1.6 billion euros ($1.6 billion) after hurricane Ian led to massive damages in Florida, and warned reaching its full-year profit goal has become “significantly more...
All The Latest Insurance Company Estimates: Hurricane Ian Losses
Oct 21 2022 // Just a few days into earnings season for the third quarter, a number of carriers have published loss estimates for insurance claims from Hurricane Ian, or prewarned investors about loss figures that will dent their bottom...
Global Natural Disasters Cost Insurers $99B in Q3, With Economic Losses of $227B: Aon
Oct 21 2022 // Global natural disaster events to the end of Q3 2022 caused total economic losses estimated minimally at $227 billion – of which $99 billion was covered by public and private insurers, which means that insured losses...
Report: Hurricane Ian Farm Loss Could Reach $1.56 Billion
Oct 20 2022 // Agriculture losses in Florida from Hurricane Ian’s high winds and drenching rains could reach $1.56 billion, with citrus, cattle, vegetable and melon operations among the hardest hit, the University of Florida...
Hurricane Fiona Breaks New Records in Atlantic Canada With Insured Damage of C$660M
Oct 19 2022 // Hurricane Fiona is estimated to have caused C$660 million (US$436.8 million) in insured damage, according to the Insurance Bureau of Canada (IBC), which quoted initial estimates from Catastrophe Indices and Quantification...
Swiss Re Expects Claims From Hurricane Ian to Bring Q3 Loss
Oct 18 2022 // Swiss Re forecast on Tuesday a third-quarter net loss of around $500 million after the reinsurance company absorbed preliminary claims from Hurricane Ian of approximately $1.3 billion. “While the 2022 target of 10%...
5.0 Quake Confirmed During Hawaii’s Mauna Loa Volcano Unrest
Oct 17 2022 // A magnitude 5.0 earthquake was the strongest of a series of temblors that struck Friday on Hawaii’s Mauna Loa, the largest active volcano on the planet that scientists say is in a “state of heightened...
Lessons from Hurricane Michael Being Applied to Ian Recovery in SW Florida
Oct 17 2022 // Four years before Category 4 Ian wiped out parts of southwest Florida, the state’s Panhandle had its own encounter with an even stronger hurricane, Michael. The Category 5 storm all but destroyed one town, fractured...
How Uninsured Residents of Maryland’s Smith Island Help Each Other in Tornado Recovery
Oct 17 2022 // The aftermath of the tornado that struck Smith Island is still visible two months after it carved a destructive path through the sparsely populated Chesapeake Bay archipelago. The EF1 tornado began as a waterspout that...
Series of Tesla Fires in Florida Linked to Saltwater Damage From Hurricane Ian
Oct 17 2022 // A Florida senator is calling for action from the Transportation Department and automakers after a series of electric vehicle fires tied to Hurricane Ian. The storm caused flooding and destruction across the state, and fire...
Will Hurricane Ian Consume Florida’s Catastrophe Fund, Forcing More Back-Breaking Reinsurance Next Year?
Oct 17 2022 // While some analysts are predicting that the property insurance industry will be able to manage Hurricane Ian and its estimated $50 billion in insured losses, a few are now warning that the storm could significantly erode...
Over 329K Missourians to Partake in Statewide Earthquake Drill
Oct 13 2022 // A week before Missouri’s annual statewide earthquake drill, more than 329,000 people are already registered to participate in the Great Central U. S. “ShakeOut” on October 20. A total of nearly 2 million...
Stonybrook Capital Says Hurricane Ian Is Largest-Ever Insured Loss Event at Over $75B
Oct 12 2022 // According to Stonybrook Capital, the damage from Hurricane Ian will result in the largest-ever insured loss event in nominal dollars. The advisory and investment banking firm focused on the insurance industry said the...
How One Computer Forecast Model Botched Hurricane Ian
Oct 11 2022 // As Hurricane Ian bore down on Florida, normally reliable computer forecast models couldn’t agree on where the killer storm would land. But government meteorologists are now figuring out what went wrong – and...
Hawaii Volcano Unrest, But No Signs of Imminent Eruption
Oct 11 2022 // Mauna Loa, the largest active volcano on the planet, is in a “state of heightened unrest,” but is not erupting and there are no signs of an imminent eruption, the Hawaiian Volcano Observatory said in an...
IICF Launches Hurricane Ian Relief Fund
Oct 10 2022 // The Insurance Industry Charitable Foundation (IICF) has launched the IICF Hurricane Ian Relief Fund to support those in need in the wake of Hurricane Ian. Funds will benefit Team Rubicon, a nonprofit providing emergency...
M4.4 Earthquake Confirmed in Northwest Oregon
Oct 10 2022 // A 4.4 magnitude earthquake struck northwest Oregon, the U.S. Geological Survey confirmed. No damage was reported but KOIN reports that people from Albany to the Portland metro area reported feeling the temblor on...
California Updating Tsunami Hazard Maps for Seven Counties
Oct 10 2022 // The California Geological Survey has released updated tsunami hazard maps for seven counties to help users determine whether they are in areas at risk for inundation and for planning. The revised interactive maps released...
Hurricane Julia Hits Nicaragua Bringing Torrential Rainfall
Oct 10 2022 // MEXICO CITY (AP) – Hurricane Julia hit Nicaragua’s central Caribbean coast on Sunday after lashing Colombia’s San Andres island, and a weakened storm was expected to emerge over the Pacific. Julia hit as a...
Insured Damages From Hurricane Ian $31-$53B: CoreLogic
Oct 10 2022 // Property data and analytics provider CoreLogic included new and updated projections of storm surge and flood losses for Hurricane Ian for a final tally of between $41 billion and $70 billion in insured and uninsured flood...
