Most Popular Catastrophe Headlines This Year
The most viewed headlines from our Catastrophe Topic Page over the last year.
#1 Terrorist Threat to US Has Reached ‘Whole Other Level,’ FBI’s Wray Warns
Mar 15 2024 // Terrorist threats toward the US have reached a “whole other level” from the already heightened situation before the Oct. 7 attack by Hamas on Israel and its response, FBI Director Christopher Wray said...
#2 Allstate Announces May Catastrophe Losses, Auto Rate Hikes
Jun 15 2023 // Allstate Corp. today released estimated catastrophe losses for the month of May of $885 million or $699 million, after-tax. There were a dozen events in May causing $893 million in catastrophe losses, Allstate said, but...
#3 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...
#4 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...
#5 NHC Unveils New Hurricane Forecast Maps for 2024, Showing More Inland Warnings
Feb 21 2024 // The familiar “cone of uncertainty” map, used for years by meteorologists to show a hurricane’s predicted path, is about to get an upgrade – at least temporarily, the National Hurricane Center announced...
#6 Iceland Plans to Buy Out Homeowners in Volcano-Struck Town
Feb 13 2024 // Iceland’s government has agreed to buy all residential properties in the fishing town of Grindavik, which has become uninhabitable after three volcanic eruptions rocked the region in the last two months. Grindavik...
#7 Allstate Says Q3 Catastrophe Losses Were $1.2 Billion
Oct 19 2023 // Allstate Corp. today reported September catastrophe losses of $317 million and total catastrophe losses for the third quarter of about $1.2 billion pretax. Seventeen events in September resulted in catastrophe losses of...
#8 AccuWeather Warns of ‘Super-Charged’ 2024 Hurricane Season
Mar 18 2024 // AccuWeather experts warn that the return La Nina and historically warm water across the Atlantic Ocean could contribute to a “super-charged” hurricane season in 2024. AccuWeather long-range forecasters say that...
#9 Travelers Q3 Net Income Down 11% on Catastrophe Losses, Reserve Development
Oct 18 2023 // Third quarter net income at Travelers Cos. fell 11% compared to the prior-year quarter to $404 million on higher catastrophe losses and unfavorable reserve development. As one of the first insurers to report quarterly...
#10 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...
#11 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...
#12 Florida to Borrow Billions to Backstop Insurers After Hurricanes
Jan 23 2024 // The state corporation that oversees the Florida Cat Fund is planning to borrow as much as $3.8 billion to ensure the fund has plenty of money on hand to reimburse property insurers for losses when homes are damaged or...
#13 Hub Launches High Net Worth Excess Wildfire Program in California
Feb 5 2024 // HUB International launched a new program to address the need for enhanced wildfire coverage of high value homes that will be offered exclusively by HUB Private Client to address the insurance and risk management needs of...
#14 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...
#15 Federal Cyber Insurance Backstop Is Warranted With Focus on Catastrophic Risk
Nov 28 2023 // Much more work and collaboration needs to be done but the U.S. Treasury has reached a “tentative conclusion” that a potential federal cyber insurance backstop will be focused on catastrophic cyber...
#16 Delos to Insurers Shedding Wildfire Risk: Send the Homes to Us
Jul 12 2023 // About 6 million homes in the U.S. are considered uninsurable due to wildfire risk. The models at Delos Insurance say about half of those homes are absolutely insurable. “Delos sees a lot more insurable homes in...
#17 Allstate Starts Q3 With $313M in Catastrophe Losses in July
Aug 18 2023 // Allstate Corp. said estimated catastrophe losses for the month of July were $313 million or $247 million, after-tax. July has 18 events, highlighted by widespread wind and hail storms, with estimated losses of about $349...
#18 What’s to Come in 2024: Hard Market, AI Expansion, More Catastrophes, Network Consolidation
Feb 5 2024 // No one can predict the future, but insurance professionals are likely the best qualified when it comes to predicting risk. For this special report, Insurance Journal asked industry thought leaders their predictions for the...
#19 Hedge Funds Rake in Huge Profits Betting on Catastrophe Risk
Jan 22 2024 // For hedge funds, the science of catastrophes helped generate the best returns of any alternative investment strategy last year. The calculus around natural disasters such as hurricanes and cyclones fed record gains at...
#20 AccuWeather Warns of Potential ‘Super-Charged’ 2024 Hurricane Season
Feb 23 2024 // AccuWeather experts warn that the return La Niña and historically warm water across the Atlantic Ocean could contribute to a “super-charged” hurricane season in 2024. AccuWeather long-range forecasters say...
