Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
World Bank Seeks to Restart Cat Bond Issuance to Boost Emerging Nations’ Resilience
Dec 7 2022 // The World Bank is looking to restart the issuance of catastrophe bonds to help developing countries improve their preparedness for losses from natural disasters. The supranational lender has issued close to $2.6 billion of...
Eruption of Indonesia’s Highest Volcano Buries Homes, Destroys Bridge
Dec 6 2022 // SUMBERWULUH, Indonesia (AP) – Improved weather conditions Monday allowed rescuers to resume evacuation efforts and a search for possible victims after the highest volcano on Indonesia’s most densely populated...
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...
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...
Hawaii Volcano Eruption Has Some on Alert, Draws Onlookers
Dec 1 2022 // The first eruption in 38 years of the world’s largest active volcano is attracting onlookers to a national park for “spectacular” views of the event, and it’s also dredging up bad memories among...
Tornadoes Kill 2 in Alabama, Damage Homes and Businesses in Mississippi
Nov 30 2022 // Tornadoes and high winds destroyed a fire station, damaged homes and ripped the roof off an apartment complex in Alabama, as the storm front moved into eastern states Wednesday morning. Local news reports and the...
Report from California Insurers Calls for More Freedom to Use Wildfire Catastrophe Models
Nov 29 2022 // Associations representing insurers operating in California on Tuesday released an analysis from Milliman showing wildfire catastrophe models would improve homeowners’ access to insurance in the face of...
Hurricane Ian Runoff May Be Worsening Red Tide on Florida’s SW Coast
Nov 29 2022 // Scientists are saying a red tide bloom that’s lingered along the coast for a few weeks is now being fed by nutrients running off the landscape in the wake of Hurricane Ian. Red tide (Karenia brevis) is a naturally...
Wildfire Mitigation Plan Would Cut 2.4 Million New Jersey Pinelands Trees
Nov 28 2022 // BASS RIVER TOWNSHIP, N.J. (AP) — Up to 2.4 million trees would be cut down as part of a project to prevent major wildfires in a federally protected New Jersey forest heralded as a unique environmental treasure. New...
Indonesia Earthquake Kills 268 Amid Collapsed Homes, Landslides
Nov 23 2022 // A quake in Indonesia killed at least 268 people as the search continues for victims amid landslides and collapsed buildings. The 5.6-magnitude earthquake that struck West Java on Monday damaged more than 20,000 homes,...
West Texas Earthquake Causes Damage Hundreds of Miles Away
Nov 21 2022 // MENTONE, Texas (AP) – A strong earthquake that struck a remote area of the West Texas desert caused damage in San Antonio, hundreds of miles from the epicenter, officials said. University Health said last Thursday that...
Florida Bar Charges ‘Mobile Claim Center’ Deceived Hurricane Victims
Nov 21 2022 // The Florida Bar is seeking sanctions against a partner with a prominent New Orleans area law firm, alleging that she used deceptive tactics to solicit clients after Hurricane Ian. The bar on Thursday filed a petition with...
Lloyd’s of London Estimates Claims From Hurricane Ian of US$2.3B-US$3B
Nov 21 2022 // Lloyd’s announced that the market’s claims from Hurricane Ian are estimated to be in the range of US$2.3 billion – US$3 billion, net of reinsurance, based on Q3 data provided by Lloyd’s...
FEMA Projects $3.5-$5.3B NFIP Losses for Hurricane Ian
Nov 21 2022 // The Federal Emergency Management Agency has projected an initial estimate of Hurricane Ian losses for the National Flood Insurance Program, putting them in the range of $3.5 billion to $5.3 billion, including loss...
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...
One County in Florida Took the Brunt of Hurricane Nicole with $522M in Damage
Nov 16 2022 // Damages are estimated at more than $522 million in a central Florida coastal county where homes collapsed into the Atlantic Ocean following Hurricane Nicole last week. The damages from the category 1 storm in Volusia...
Delos in California Launches New Program to Expand Wildfire Insurance Options
Nov 15 2022 // Delos Insurance Solutions launched a program to expand homeowners insurance options for Californians facing wildfire risks and provide full home insurance policies to homeowners currently on the California Fair Access to...
Mindfulness Program Hopes to Alleviate Stress After Hurricanes
Nov 14 2022 // The 10 women gathered on yoga mats in a New Orleans suburb, the lights dimmed. “I’d like to invite you to close your eyes,” instructor Stephanie Osborne said in a soothing voice from the front of the...
FEMA Projects $3.5-$5.3B NFIP Losses for Hurricane Ian
Nov 14 2022 // n Friday, the Federal Emergency Management Agency announced an initial estimate of Hurricane Ian losses for the National Flood Insurance Program, putting them in the range of $3.5-$5.3 billion, including loss adjustment...
UPDATED: All the Latest Insurance Company Hurricane Ian Estimates Plus NFIP
Nov 14 2022 // With third-quarter earnings reports for publicly traded companies slowing down to a trickle, and FEMA publishing an estimate of NFIP last Friday, Carrier Management has updated a company-by-company list of Hurricane Ian...
