Best Read Catastrophe Headlines
Headlines from our Catastrophe Topic Page with the most time spent reading.
#1 The 2023 Hurricane Season: Are Insurers Prepared for the Growing Risks?
Jun 2 2023 // This post is part of a series sponsored by CoreLogic. As the 2023 Hurricane Season approaches, it is crucial for coastal and inland communities alike to understand and prepare for the potential risks associated with...
#2 U.S. Hurricane Victims Want Improved Disaster Relief, With Faster Money, Less Red Tape
Oct 31 2022 // Survivors of storms that pounded several U.S. states say the nation’s disaster aid system is broken and that they want reforms to get money into victims’ hands faster, with less red tape. On the 10th...
#3 US Starts Criminal Probe Into PG&E Role in California Wildfire
Sep 27 2022 // Federal officials have initiated a criminal investigation into PG&E Corp.’s potential role in starting California’s largest wildfire of the year. On Sept. 24, the US Forest Service removed one of the...
#4 2022 Hurricane Season Ends But Was the Third-Costliest on Record, Thanks to Ian
Dec 2 2022 // An Atlantic hurricane season that had 14 named storms officially ended on Wednesday, leaving residents in the Florida Keys to celebrate even as others around Florida and Puerto Rico continue to grapple with the damage...
#5 Hurricane Ian Drives Global Insured Losses of $115B From Natural Disasters: Swiss Re
Dec 1 2022 // Hurricane Ian and other natural catastrophes, such as European winter storms, floods in Australia and hailstorms in France and the U.S., have cost global insurers an estimated $115 billion so far this year, according to a...
#6 Zurich Insurance Expects $550M Hit From Hurricane Ian, but On Track to Beat Targets
Nov 10 2022 // Zurich Insurance Group expects a net $550 million pre-tax hit from Hurricane Ian, Europe’s fifth-largest insurer said on Thursday, though it remains on track to beat its 2020-2022 financial targets, helped by premium...
#7 CSU Research Team Forecasts Slightly Below Average 2023 Hurricane Season
Apr 14 2023 // The hurricane research team at Colorado State University in its early forecast of the 2023 Atlantic hurricane season is predicting slightly below-average activity. The CSU Tropical Meteorology Project team is predicting 13...
#8 Hurricane Ian Fallout, Inflation Among Talking Points at AAIS Pulse
Oct 28 2022 // The enormous amount of uninsured loss from Hurricane Ian will lead to a “veritable swamp” of trial lawyers waiting to sue the insurance industry, according to one industry expert at AAIS Pulse. “This...
#9 RMS: Less Than $2B in Insured Losses from Hurricane Nicole
Nov 16 2022 // Catastrophe modeler RMS said private market U.S. insured losses from Hurricane Nicole are estimated at less than $2 billion, with a best estimate of $1.6 billion. This estimate represents insured losses associated with...
#10 Thwarted Plot to Attack Baltimore Power Grid Part of Growing Domestic Terrorism: Feds
Feb 8 2023 // A Maryland woman spent months conspiring with a neo-Nazi leader based in Florida to plan an attack on Baltimore’s power grid, hoping to further their racist mission, law enforcement officials said Monday. The plan...
#11 Insurer Spots Cybersecurity Weakness With Model Simulating Catastrophic Attacks
Mar 22 2023 // Coalition Inc., a cyber-insurance provider that tries to curb digital risk, has designed technology that simulates large-scale attacks to help insurers identify potential weaknesses in their portfolios and prevent...
#12 Swiss Re Posts Q3 Loss on Hit From Hurricane Ian, Signals Price Hikes
Oct 28 2022 // Swiss Re reported a third-quarter loss of $442 million driven by claims tied to the damage from hurricane Ian, and signaled that renewal prices would jump next year. The Zurich-based reinsurer’s key unit saw $2.5...
#13 Cat Bond Investors Demand Higher Premiums as Weather Becomes More Extreme
Jan 11 2023 // Investors in the $35 billion catastrophe bond market are demanding the highest premiums in years to cover issuers against disasters, as weather events become more extreme while interest rates rise. Margins on new issuances...
#14 Filipino Workers Say Oil Company Abandoned Them in Hurricane Ida
Jan 30 2023 // NEW ORLEANS (AP) – As Hurricane Ida struck the Louisiana Gulf Coast in August 2021, Renato Decena and Rosel Hernandez watched the storm punch a hole in the roof of the bunkhouse where they were sheltered _ abandoned,...
#15 NFIP: 43,000 Flood Claims and $273 Million Paid So Far After Hurricane Ian
Nov 2 2022 // The Federal Emergency Management Agency is reminding flood insurance policyholders hit by Hurricane Ian that they have an extra three months to renew their expiring policies. The agency said last week that Florida property...
#16 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...
#17 New Models Aim to Better Predict Storm Surge, Insured Losses From Hurricanes
Jun 2 2023 // Two new hurricane forecast models promise to help property owners and insurers better predict the losses from storms that may be increasing in intensity as ocean waters continue to warm. The National Hurricane Center...
#18 Insurer Off the Hook in Defending Western Union Against Terrorist Financing Suit
Sep 30 2022 // An insurer’s war and financial services exclusions relieve it of having to provide coverage for an insured being sued for allegedly aiding international terrorists responsible for the crash of Malaysia Airlines...
#19 Rising Premiums, Low Catastrophe Losses Boost U.S., Bermuda Reinsurers’ H1 Profits
Aug 24 2022 // U.S. and Bermuda reinsurers reported strong operating performance for the first six months of 2022, supported by continued pricing increases in most reinsurance and specialty lines of business as well as tighter terms and...
#20 Hurricanes and Floods Bring $120B in 2022 Insurance Losses: Munich Re
Jan 10 2023 // Hurricane Ian in the United States and floods and Australia helped to make 2022 one of the costliest years on record for natural disasters, Munich Re said on Tuesday, warning that climate change was making storms more...
