Trending Catastrophe Headlines
The most viewed headlines from our Catastrophe Topic Page over the last 30 days.
#1 Allstate Records $2.7B Net Catastrophe Hit on Way to Q2 Loss of $1.4B
Aug 1 2023 // Allstate Corp. reported net catastrophe losses of $2.7 billion in the second quarter, resulting in a net loss for the period of $1.4 billion as catastrophe and underwriting losses offset other favorable factors. President...
#2 Update: Allstate Estimates Catastrophe Losses of $1 Billion in June, $2.7 Billion in Q2
Jul 20 2023 // Allstate Corp. announced estimated catastrophe losses for the month of June of $1.01 billion, or $799 million, after-tax. June’s month catastrophe losses include 18 events estimated at $1.13 billion, with...
#3 Travelers’ Q2 Profit Plummets on Historic-Level Catastrophe Losses
Jul 20 2023 // Travelers Companies Inc. on Thursday reported a 98% fall in quarterly profit, as severe wind and hailstorms in parts of the United States pushed up its catastrophe losses. Core income of the New York-based company, often...
#4 Liberty Mutual Posts Q2 Loss of $585M Driven By Catastrophes
Aug 10 2023 // Liberty Mutual Holding Co. reported a second-quarter net loss of $585 million, driven by catastrophe losses of about $2.27 billion. Tim Sweeney, president and CEO, said weather losses were primarily from widespread wind...
#5 The Hanover Insurance Group Estimates Q2 Catastrophe Losses of $262 Million
Jul 21 2023 // The Hanover Insurance Group Inc. announced a preliminary estimate for second quarter catastrophe losses of approximately $262 million, before taxes, or 18.5 points of net earned premium. Second quarter catastrophe losses...
#6 Inflation, Catastrophe Losses Lead P&C Underwriting Loss in 2023
Aug 8 2023 // The overall property/casualty industry is expected to finish 2023 with a net combined ratio of 102.2, according to a recent webinar by the Insurance Information Institute (Triple-I) and Milliman. Triple-I and Milliman...
#7 Wind-Driven Hawaii Wildfire Destroying Maui Tourist Town
Aug 9 2023 // A wildfire erupted in Maui on Wednesday fueled by strong winds from Hurricane Dora, destroying homes and businesses in a tourist town and forcing some residents to jump into the ocean to escape the flames. The Associated...
#8 CNA Financial Misses Profit Estimates on Higher P/C Catastrophe Losses
Jul 31 2023 // Insurer CNA Financial missed second-quarter profit estimates on Monday, as wider catastrophe losses in its property and casualty (P&C) segment partially offset higher investment income. Profits at insurers came under...
#9 Coastal Construction, Rising Replacement Values Contribute to Costly Hurricane Claims
Jul 21 2023 // Insured losses from hurricanes have risen steadily over just the past 15 years, with nine of the 10 costliest hurricanes in U.S. history occurring since 2005, according to the Insurance Information Institute...
#10 Forecasters Stress Uncertainty in Latest Hurricane Forecast
Aug 4 2023 // Forecasters from Colorado State University (CSU) stressed uncertainty in their latest outlook on Thursday for the current Atlantic hurricane season, even as they held steady the number of storms expected. This year’s...
#11 NOAA Increases Prediction for Atlantic Hurricane Season to “Above-Normal”
Aug 11 2023 // The National Oceanic and Atmospheric Administration is increasing its prediction for the ongoing 2023 Atlantic hurricane season to “above-normal” activity. Warmer-than-normal sea surface temperatures across...
#12 Utility Investors Wary of Exposures After Buffet’s PacifiCorp Held Liable for Wildfires
Jul 19 2023 // Destructive wildfires are now an almost routine part of summer in the American West, and electrical utilities have likewise become used to having their power lines and equipment blamed for igniting the blazes. But a jury...
#13 Louisiana Commissioner Directs Insurers to Talk to Policyholders as Hurricane Ida Claims Deadline Looms
Jul 21 2023 // A day after the Louisiana Supreme Court announced that it is lifting a stay on hurricane-damage lawsuits filed by McClenny Moseley & Associates, state Insurance Commissioner James Donelon on Thursday issued a directive...
#14 Deadly Storms Across US Northeast Bring Floods, Tornado Alerts
Jul 17 2023 // A cluster of severe thunderstorms pounded the US Northeast including New York City on Sunday, unleashing deadly flooding in Pennsylvania, halting operations at several airports, and prompting tornado watches across New...
#15 Markets/Coverages: New Lloyd’s Syndicate Provides E&S Cover for Calif. Wildfire Risks
Jul 26 2023 // Wildfire Defense Systems Inc., Polo Managing Agency Ltd. (PMA) and Aon, announced Lloyd’s has approved the launch of Wildfire Defense Syndicate 1996, which started underwriting on July 1, 2023. Created under...
#16 Tornado Rips Apart Pfizer Plant, Injures 16 in North Carolina
Jul 20 2023 // Drugmaker Pfizer Inc. said on Wednesday its plant in Rocky Mount, North Carolina, which is one of the largest sterile injectable product facilities in the world, has suffered heavy damage from a tornado. A company...
#17 Hurricanes Getting Costlier and Wetter, Triple I Report Finds
Jul 20 2023 // U.S. population growth in hurricane-prone states, coupled with the increasingly heavy rainfall which accompany these storms, has generated costlier insurance claim payouts for wind and flood-caused property damage,...
#18 Small Earthquake Confirmed in Arizona Town
Jul 25 2023 // A 3.8 magnitude earthquake shook a northern Arizona town Sunday afternoon but there was no immediate word on any injuries or damage, the United States Geological Survey confirmed. The USGS said the small quake struck near...
#19 Greece Wildfires Raise Questions for Tourists About Their Travel Insurance Cover
Jul 25 2023 // Wildfires and evacuations on the Greek island of Rhodes, and a heat wave blasting much of southern Europe, have raised questions for tourists about their travel insurance coverage. As the threat of fires remains high...
#20 Containment of Massive Southern California Wildfire Grows
Jul 19 2023 // Fire crews built containment lines and patrolled for hot spots throughout the day on Wednesday to continue to keep a massive Southern California wildfire from growing. Containment on the Rabbit Fire grew to 55% with...
