Catastrophe modeller Karen Clark & Company (KCC) has estimated that the June hailstorm in Texas has caused insured losses of over $1 billion.

The future insurability of Florida hurricanes is in question because of storm severity, the state’s storm-exposed coastal topography and development patterns, and Florida’s high-cost legal environment. These factors combine to make coverage for hurricane risks in Florida the most expensive in the country.

The Central Pacific hurricane season has started, and this year, the Nature Conservancy has purchased $2 million in insurance coverage to protect against potential damage to the coral reefs in Hawaii.

Floods pose a severe threat to communities across the United States, causing extensive property damage and potential risks to human life. Recognizing the importance of identifying flood-prone cities, Insurify developed a flood risk score, taking into account FEMA’s risk scores for coastal and river flooding, population data, average home insurance premiums, and average home values.

The National Oceanic and Atmospheric Administration (NOAA) announced on Thursday morning that El Nino, the powerful ocean and atmosphere cycle in the tropical Pacific, has officially resurfaced after a hiatus of approximately four years. El NiÃ,o plays a significant role in shaping global weather patterns and has the potential to amplify extreme weather events worldwide.

Many of the nation’s disaster organizations are exposed to perilous financial risks at the start of hurricane season, jeopardizing efforts across much of the U.S. to recover from catastrophes.

The 2023 Atlantic hurricane season officially started June 1 and is forecast to be a busy one, which is why homeowners need to prepare. Yet many lack even the most basic preventative measures, unaware of the risks they face, according to a new survey by Triple-I, in coordination with Munich Re.

CoreLogic Inc. said Thursday that more than 33 million U.S. properties are at risk of hurricane-force wind damage and that there is $11.6 trillion of total reconstruction cost value at risk nationally for the 2023 Atlantic hurricane season.

The National Oceanic and Atmospheric Administration (NOAA) has released its annual forecast for the upcoming 2023 Atlantic hurricane season, set to begin on June 1.

For its third annual Contractor Fraud Awareness Week, the National Insurance Crime Bureau (NICB) has chosen to highlight the issue of post-disaster contractor fraud. According to NICB, approximately 10% of the $92 billion catastrophe losses suffered by insurers in 2021 went towards post-disaster fraud.

The expected annual cost from earthquake damage for California is climbing sharply amid an increase in property values and better understanding of how soft soils could result in greater damage during shaking.

In an emergency financial maneuver, the state-chartered insurance associations of Florida and Louisiana have been forced to borrow a combined $1.3 billion to cover insurance claims caused by worsening hurricanes.

The National Flood Insurance Program may undergo significant transformations as Congress deliberates 17 proposed changes, aiming to enhance the program’s effectiveness and affordability, particularly for low-income homeowners.

The National Oceanic and Atmospheric Administration (NOAA) has announced that it has upgraded its Probabilistic Storm Surge model to version 3.0, which will significantly enhance the ability to predict the storm surge of some of the world’s worst tropical cyclones.

New research has revealed that hundreds of industrial sites along the California coastline, such as oil and gas refineries and sewage-treatment plants, could be severely affected by flooding from rising sea levels, in the event of worsening climate change.