Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
CNA Boosts Q3 Profit Despite Catastrophes; Sees ‘Favorable’ 2022 Ahead
Nov 3 2021 // Continued rate hikes helped boost CNA Financial’s 2021 third quarter net income, even as the Chicago-based commercial and specialty property/casualty insurer dealt with higher net catastrophe losses and lower net...
Insurer Hiscox Sets Aside $150M for Hurricane Ida, European Flood Losses
Nov 2 2021 // Hiscox has set aside $150 million to cover losses linked to Hurricane Ida and floods in Europe, the insurer said, above analysts’ expectations, while it reported strong premiums written this year thanks to rising...
Louisiana Implements Mediation Program for Hurricane Ida Claims
Nov 1 2021 // Louisiana has established a voluntary mediation program for the purpose of resolving property/casualty insurance claim disputes related to damage caused by Hurricane Ida, which struck Southeast Louisiana as a category 4...
Month-Long Halt in Hurricanes Thanks to Dry Air and Atmospheric Lull
Oct 29 2021 // This year’s hurricane season started out as one of the most prolific in the modern era. Then suddenly, in October, the storms stopped. As of Friday, the Atlantic hasn’t produced a single new tropical storm in a...
Severe South Australia Storms Declared a Catastrophe by Insurance Council
Oct 29 2021 // The Insurance Council of Australia (ICA) has declared an insurance catastrophe for parts of South Australia, which were hit by significant hail, rain, and strong winds over the past 24 hours. Insurers have received more...
Louisiana Tornado Damages Homes in Region Still Reeling From Hurricanes
Oct 29 2021 // A tornado touched down in western Louisiana Wednesday, Oct. 28, damaging more than a dozen homes in a part of the state still struggling to recover from repeated weather disasters, officials said. The National Weather...
FEMA Extends Deadline to Apply for Hurricane Ida Assistance to Nov. 29
Oct 28 2021 // Louisiana residents seeking disaster aid from Hurricane Ida now have until Nov. 29 to apply for assistance. The Federal Emergency Management announced that the deadline to register for individual assistance has been...
How Insurers Can Better Prepare for Wildfire
Oct 28 2021 // This post is part of a series sponsored by CoreLogic. Nine of the 20 largest wildfires in California have occurred since 2020, including four so far in 2021. Five of the 19 largest wildfires in Oregon and three of...
Severe Storm Brings Tornado Watch to Texas, Louisiana
Oct 27 2021 // A severe storm generated thunderstorms and reports of tornados across southeastern Texas into Louisiana late morning Wednesday, Oct. 27. The National Weather Service put out severe thunderstorm and tornado warnings for...
Pair of Earthquakes Confirmed on California’s Central Coast
Oct 27 2021 // A pair of earthquakes rattled California’s central coast late Monday afternoon, the U.S. Geological Survey confirmed. A magnitude 4.7 quake hit at 4:42 p.m., centered about 11 miles northwest of San Simeon, according...
Small Earthquake Confirmed in Southern California
Oct 26 2021 // A small earthquake near downtown Los Angeles on Sunday morning was felt widely across Southern California, the U.S. Geological Survey confirmed. The magnitude 3.6 quake hit just after 7 a.m. and was centered about a mile...
Tornadoes Cause Damage Along Missouri Illinois State Line
Oct 25 2021 // A large storm system spawned tornadoes along the Missouri Illinois state line late Sunday, Oct. 24, causing structural damage to residences and knocking out power. The National Weather Service reported an EF-0 tornado...
Louisiana Mayor: 300-400 Buildings Condemned From Hurricane Laura Damage
Oct 22 2021 // A Louisiana mayor says 300 to 400 commercial buildings damaged last year by Hurricane Laura are being condemned or marked for demolition. Lake Charles Mayor Nic Hunter told the City Council on Wednesday that he realizes...
Mosaic Offers $600M of Capacity for War, Terrorism and Political Violence Risks
Oct 22 2021 // Bermuda-based Mosaic Insurance has extended its war, terrorism and political violence coverage to offer up to $600 million per risk. The increased capacity allows the company to serve clients via domestic U.S. or Bermuda...
Two Tornados Confirmed in Western Pennsylvania
Oct 20 2021 // A pair of tornados have been confirmed in western Pennsylvania over the weekend, forecasters said. The National Weather Service says an EF-0 tornado with estimated winds up to 85 mph touched down in the town of...
Great Shakeout Highlights Dwindling Missouri Earthquake Insurance Market
Oct 20 2021 // Millions of Americans will participate in the Great Shakeout on Oct. 21, a day designated to earthquake education and awareness. Annually held on the third Thursday of October, the Great Shakeout encourages schools and...
Southern California Wildfire Almost Fully Contained, Residents Go Home
Oct 19 2021 // Residents who fled the Alisal Fire west of Santa Barbara have been allowed to return home. All evacuation orders and warnings were canceled Sunday afternoon. The fire was 87% contained Monday morning and its size was...
Higher Investment Returns Help Offset Catastrophe, Auto Losses for Travelers in Q3
Oct 19 2021 // Third quarter profit fell 20% at The Travelers Companies due to higher catastrophe and auto losses but the insurer also reported a 15% boost in investment returns. Net income of $662 million for the third quarter compared...
Louisiana Implements Mediation Program for Hurricane Ida Claims
Oct 18 2021 // Louisiana has established a voluntary mediation program for the purpose of resolving property/casualty insurance claim disputes related to damage caused by Hurricane Ida, which struck Southeast Louisiana as a category 4...
Guy Carpenter Launches European Wildfire Risk Score as Exposure Management Tool
Oct 18 2021 // Guy Carpenter & Co., the reinsurance business of Marsh McLennan has announced the launch of a Wildfire Risk Score designed to help clients manage their exposure to the evolving risk of wildfire across Europe. The...
