Nonprofit Revives NOAA Billion-Dollar Disaster Data to Support Risk Modeling
Climate Central will take over the halted NOAA database of billion-dollar disasters, expanding its scope to support insurers, researchers, and public safety planning.
August 14
Catastrophe
Legislation & Regulation
Property
Risk Management
Record-Breaking Insured Losses in 2025 Highlight Growing Impact of U.S. Wildfires and Storms
The first half of 2025 brought $84 billion in insured catastrophe losses, driven by U.S. wildfires and severe convective storms, making it the costliest H1 since 2011.
August 14
Catastrophe
Insurance Industry
Property
Risk Management
California
Florida
New Jersey
New York
North Carolina
Tropical Storm Erin on Track to Become Hurricane with Impacts Likely in Northern Caribbean
Tropical Storm Erin may strengthen into a hurricane by Friday, with potential impacts including high surf and rip currents in the northern Leeward Islands, Virgin Islands, and Puerto Rico.
August 14
Catastrophe
Insurance Industry
Property
Risk Management
Florida
NOAA Maintains Above-Normal Hurricane Season Outlook With Updated 2025 Forecast
NOAA’s updated 2025 Atlantic hurricane forecast still calls for above-normal activity, with 13-18 named storms expected and up to five major hurricanes possible.
August 8
Catastrophe
Legislation & Regulation
Property
Risk Management
Fraud Strikes Over One-Third of Americans Impacted by Natural Disasters, AICPA Survey Reveals
A new AICPA survey finds 37% of Americans impacted by natural disasters experienced fraud, with identity theft and contractor scams among the top reported schemes.
August 5
Catastrophe
Fraud
Insurance Industry
Risk Management
Truck Crash Spills Thousands of Hot Dogs Across Pennsylvania Interstate
A mechanical failure caused a tractor-trailer to rupture along I-83 in Shrewsbury, Pennsylvania, spilling a load of hot dogs and briefly halting traffic in both directions.
August 4
Auto
Catastrophe
Property
Risk Management
Pennsylvania
California FAIR Plan Faces Legal Action Over Alleged Smoke Damage Claim Denials
California’s insurance commissioner accuses the FAIR Plan of violating claims laws and misleading regulators over wildfire smoke damage coverage, sparking a rare enforcement case.
August 4
Catastrophe
Legislation & Regulation
Litigation
Property
California
Colorado
Quiet Start to 2025 Hurricane Season May Be Deceiving as Forecasters Predict Spike in Storms Ahead
Although the Atlantic hurricane season began quietly, meteorologists warn that most tropical activity typically occurs after August 1 and that conditions are ripe for storms ahead.
August 1
Catastrophe
Insurance Industry
Property
Risk Management
Florida
Louisiana
How Allstate Transformed a $145 Million Loss into a $1.28 Billion Underwriting Win
Allstate reversed massive losses by refining its underwriting strategy, focusing on risk selection, pricing precision, and catastrophe readiness to deliver billion-dollar gains.
August 1
Catastrophe
Insurance Industry
Property
Risk Management
Insurance Industry Under Pressure as AI Data Centers Expand Rapidly Across the U.S.
As AI-fueled mega data centers multiply, insurers face mounting pressure to provide sufficient capacity and specialized coverage to meet soaring operational risks.
August 1
Catastrophe
Property
Risk Management
Technology
Louisiana
Ohio
Rare Russian Earthquake Sends Tsunami Waves Across Pacific and Underscores Gaps in U.S. Flood Coverage
An 8.8 magnitude quake near Russia’s Kamchatka Peninsula triggered tsunami alerts across the Pacific, spotlighting flood insurance gaps and the unpredictability of natural disasters.
August 1
Catastrophe
Legislation & Regulation
Property
Risk Management
Alaska
Hawaii
New Mexico
Oregon
Texas
US Natural Disasters Push Insured Losses to $80 Billion in First Half of 2025
Munich Re reports $80B in insured losses globally for H1 2025, largely due to record-setting wildfires in Los Angeles and widespread US storm activity earlier this year.
July 29
Catastrophe
Insurance Industry
Property
Risk Management
California
Record Catastrophe Losses Continue into 2025 as Wildfires and Storms Surge
Willis reports that 2025 is on track to exceed $100 billion in insured catastrophe losses for the seventh consecutive year, with wildfires and storms driving early-year impacts.
July 29
Catastrophe
Insurance Industry
Property
Risk Management
California
Hurricane Season Starts Quiet in 2025 but Forecasters Warn of a Volatile Second Half
The 2025 hurricane season has begun with minimal storm activity, but experts warn that conditions could shift dramatically, increasing U.S. landfall risks by mid-September.
July 25
Catastrophe
Insurance Industry
Property
Risk Management
Florida
California Wildfire Claims Could Drain $21 Billion Insurance Fund Amid Investigation
As insurance losses from the Eaton Fire mount, California’s wildfire fund faces depletion, with scrutiny intensifying over Southern California Edison’s potential liability.
July 25
Catastrophe
Litigation
Property
Subrogation
California
