The Gulf Coast insurance crisis has hit a new low as two state-chartered insurance associations are being forced to borrow hundreds of millions of dollars for the first time in three decades to pay the hurricane claims of insolvent insurers.

The Mississippi state insurance department has reported that insurance losses from the March tornado that swept through parts of Mississippi have reached nearly $100 million, with uninsured losses expected to surpass this figure.

Homeowners in Florida should prepare for yet another increase in their insurance premiums as more insurers are leaving or failing in the state.

Tornadoes are some of the most extreme weather events on Earth, and just like snowflakes, no two tornadoes are the same.

Earthquakes cause $14.7 billion in damages and related losses on an annualized basis in the U.S., according to an updated estimate from the U.S. Geological Survey (USGS) and the Federal Emergency Management Agency (FEMA).

FEMA has been doing its best when it comes to helping Arkansans recover from the March 31 tornado.

Tornadoes are becoming more frequent in populated parts of the United States and are often occurring as damaging clusters -- a development seen in recent deadly outbreaks from Alabama to Michigan.

Homes constructed in flood plains, storm surge zones, regions with declining water availability, and the wildfire-prone West are overvalued by hundreds of billions of dollars, recent studies suggest, creating a housing bubble that puts the U.S. financial system at risk.

Canadian P&C carriers appear to be taking claims adjusting expenses in-house more often than several years ago, a trend of concern to the independent adjusting community.

The intensity of the 2023 Atlantic hurricane season is expected to be ‘slightly below average,’ due to a likely shift of Pacific temperature conditions of the past three years from La Nina to El Nino, according to Dr. Phil Klotzbach, Triple-I nonresident scholar and research scientist with Colorado State University (CSU).

The recent outbreak of severe weather that crossed a large swath of the country reaching from the Great Lakes to the Gulf of Mexico on April 4 was responsible for more than 200 tornado reports, large hail, and hurricane force winds.

According to BMS Re, a specialised reinsurance broker, and available industry data, it is estimated that the insured losses caused by severe weather events such as hail, tornadoes, and thunderstorm wind gusts in the US during the first-quarter amount to a range of $7 billion to $9.5 billion.

A string of destructive tornadoes ripped through huge swaths of the country in recent weeks, with experts saying a warmer-than-usual winter across the South likely fueled what has been one of the busiest recorded starts to the tornado season.

Hurricane forecasting and warning systems have greatly improved in recent years, providing residents with valuable time to plan, but preparedness remains paramount in south Louisiana as another tropical storm season approaches, federal and state officials said at the start of a national conference in New Orleans on Monday.

The storms of life exist to teach valuable lessons -- literally and figuratively. In the world of insurance, post-catastrophe analysis is crucial for making effective changes in a response plan to continue improving year over year.