Trending Catastrophe Headlines
The most viewed headlines from our Catastrophe Topic Page over the last 30 days.
#1 M4.1 Earthquake Shook Parts of Los Angeles Area: USGS
May 2 2024 // A magnitude 4.1 earthquake shook parts of the Los Angeles Area, including the cities of Corona, Anaheim, and Santa Ana on at 1:49 p.m. local time on the afternoon of Wednesday, the USGS confirmed. The epicenter was in the...
#2 Risk Perception Drops After Hurricanes: Study
Apr 23 2024 // As time passes after hurricanes, new analysis by Stanford University researchers shows perception of personal risk, including the likelihood of injury and home damage, decline. The findings suggest that programs and...
#3 Growing Wildfire Risk Leaves States Grappling With How to Keep Insurers From Fleeing
May 1 2024 // Months after a catastrophic fire burned more than 2,200 homes in Hawaii, some property owners are getting more bad news—their property insurance won’t be renewed because their insurance company has deemed the risk...
#4 Allstate Reports $731M in Q1 Pretax Catastrophe Losses
Apr 19 2024 // Allstate Corporation estimated pretax catastrophe losses of $731 million, with $328 million from the month of March. Six events contributed to the $343 million total for March — before favorable reserve re-estimates...
#5 The Top 15 U.S. Metros with High Exposure to Wildfire Risk
May 7 2024 // The number of wildfires per year is going down, but the increasing size and intensity of the fires is creating more property damage than ever before – in fact, the average fire size has tripled over the past 30 years, a...
#6 What Is Volt Typhoon, the Hacking Group the FBI Warns Could Deal a ‘Devastating Blow’?
Apr 22 2024 // China is developing the “ability to physically wreak havoc” on U.S. critical infrastructure and its hackers are waiting “for just the right moment to deal a devastating blow,” FBI Director...
#7 Greater Chance of Major Hurricane on East Coast This Year, Less in Gulf, Scientist Says
May 17 2024 // Multiple computer models from forecasting organizations across the globe have predicted a very active hurricane season starting next month, spelling trouble for Florida and much of the Eastern United States. The models...
#8 Catastrophe Bonds Use Models Underestimating Climate Risks, Investors Say
May 13 2024 // The risk models that helped drive one of the most lucrative bets of 2023 are increasingly being tested by smaller weather shocks fueled by climate change. Catastrophe bonds and other insurance-linked securities, which...
#9 Over 700 Tornado Reports Filed in 2024, Above Historical Average – AccuWeather
May 13 2024 // Approximately 700 preliminary tornado reports have been filed so far in 2024, above the historical average for this time of year, according to AccuWeather Global Weather Center. The roughly 700 preliminary tornado reports...
#10 Wildfires Are Upending Some of the Safest Bets on Wall Street
Apr 18 2024 // When the Texas Panhandle went up in flames this winter, the news spread fast on Wall Street. An electric utility by the name of Xcel Energy Inc. was getting blamed for the massive blaze — a lawsuit pointed the finger at...
#11 It’s a Matter of When, Not if, a Hurricane Will Hit Florida, Forecasters Say
May 13 2024 // SANFORD, Fla. (AP) — With the start of hurricane season less than a month away, U.S. officials who predict, prepare for and respond to natural disasters had a message for Floridians on Friday: It’s not a matter of...
#12 Warren Buffett’s PacifiCorp Now Faces $30B Claim Demand in Oregon Wildfires
May 1 2024 // Berkshire Hathaway Inc.’s PacifiCorp now faces a demand for $30 billion from victims of Oregon’s 2020 Labor Day wildfires, an escalation of a legal onslaught on the largest grid operator in the western...
#13 Multiple Tornadoes Hit Nebraska and Iowa, Leaving Trails of Damage
Apr 28 2024 // OMAHA, Neb. (AP) — A tornado plowed through suburban Omaha, Nebraska, on Friday, damaging hundreds of homes and other structures as it tore for miles along farmland and into subdivisions. Some injuries were reported but...
#14 Tornadoes Damaged 7,200 Residential Properties, Left $2B in Reconstruction Costs
May 1 2024 // The tornadoes that ripped through parts of Nebraska, Iowa and Oklahoma late last week damaged some 7,200 homes, leaving a reconstruction tab of $2.1 billion, according to CoreLogic, the data analytics firm. Some 127...
#15 New $20M Coverage for California Commercial Property E&S Risks in Wildfire Areas
May 8 2024 // Wildfire Defense Insurance Services is offering a $20 million excess and surplus commercial property coverage for E&S risks in wildfire prone areas of California. The coverage is for total insured value up to $20...
#16 AIG Profit Exceeds Expectations on Lower Catastrophe Losses
May 2 2024 // American International Group Inc. (AIG) reported profit above analysts’ estimates in the first quarter as lower-than-expected catastrophe losses contributed to strong underwriting results. Adjusted earnings for the...
#17 Tornadoes in Tennessee, North Carolina Kill Three, Damage Properties
May 9 2024 // High winds, hail, heavy rain and tornadoes battered Southern states from Alabama to North Carolina Wednesday and Thursday morning, leaving three people dead and hundreds of properties with heavy damage. USA Today, CNN and...
#18 Decayed, Broken Utility Pole Caused Largest Wildfire in Texas History: Report
May 13 2024 // LUBBOCK — A decayed utility pole that broke, causing power wires to fall on dry grass in the Texas Panhandle, sparked the state’s largest wildfire in history, a Texas House committee confirmed Wednesday. And other...
#19 Report Using Aerial Imagery Keys in on Hailstorm Risks to Colorado Homes
May 10 2024 // A report looking at 1.2 million homes in Colorado shows risks in the one of the top states for hail-related insurance claims are made worse by the state of some properties. The Arturo used artificial intelligence models...
#20 SageSure and SURE Close $130 Million Gateway Re 2024-2 Catastrophe Bond
Apr 25 2024 // SageSure, a managing general underwriter focused on catastrophe-exposed markets, and SureChoice Underwriters Reciprocal Exchange (“SURE”), a policyholder-owned reciprocal exchange, announced the close of the...
