
Sunshine State Homeowners Face New Property Insurance Fee
Homeowners in Florida should prepare for yet another increase in their insurance premiums as more insurers are leaving or failing in the state.
April 26, 2023
Catastrophe
Insurance Industry
Legislation & Regulation
Property
Florida

The Many Faces Of Tornadoes
Tornadoes are some of the most extreme weather events on Earth, and just like snowflakes, no two tornadoes are the same.
April 25, 2023
Catastrophe
Education & Training

Earthquake Damage Estimates Doubled: $14.7B In Annualized Losses
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).
April 21, 2023
Catastrophe
Property
California
Oregon
Washington

FEMA: No Doesn’t Mean No
FEMA has been doing its best when it comes to helping Arkansans recover from the March 31 tornado.
April 21, 2023
Catastrophe
Property
Arkansas

Tornadoes Are Expanding In Space And Time
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.
April 17, 2023
Catastrophe
Property

Climate Change Is Creating A Huge Bubble In The U.S. Financial System
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.
April 17, 2023
Catastrophe
Legislation & Regulation
Property
Risk Management

One Concerning Trend For Independent Adjusters
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.
April 14, 2023
Catastrophe
Insurance Industry

Likely Shift To El Nino Expected To Make 2023 Atlantic Hurricane Season ‘Slightly’ Below Average
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).
April 14, 2023
Catastrophe

Nearly 580K Homes Impacted By Severe Spring Storms
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.
April 13, 2023
Catastrophe
Property
Illinois
Iowa

US Extreme Weather Losses Q1 May Reach $9.5B
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.
April 12, 2023
Catastrophe
Insurance Industry
Property

2023 So Far: 478 Tornado Reports Across 25 States
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.
April 7, 2023
Catastrophe
Property

Hurricane Forecasting Improves, But Preparedness Still Paramount
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.
April 6, 2023
Catastrophe
Property
Louisiana

Preparing For Storm Season
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.
April 4, 2023
Catastrophe
Insurance Industry

The U.S. Leads The World In Weather Catastrophes
The United States is Earth's punching bag for nasty weather. Blame geography for the U.S. getting hit by stronger, costlier, more varied and frequent extreme weather than anywhere on the planet, several experts said.
April 3, 2023
Catastrophe

Natural Catastrophes Trending Upwards
Global insured losses from natural catastrophes reached US$125 billion in 2022, the second consecutive year in which insured losses from NatCats exceeded US$100 billion, according to the latest sigma study from Swiss Re Institute. And it looks like this trend is here to stay.
March 23, 2023
Catastrophe



