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Hurricane Season Ends Historic As Predicted

Hurricane Season Ends Historic As Predicted

Monday officially marks the final day of Atlantic hurricane season, and it has been one for the record books. 2020 has been undoubtedly a crazy year -- with the Covid-19 pandemic, murder hornets, and some of the largest wildfires in recorded history.
November 30, 2020 Catastrophe

Pandemic Insurance Losses Were Bigger Than What Lloyd’s Of London Expected

Pandemic Insurance Losses Were Bigger Than What Lloyd’s Of London Expected

Bruce Carnegie-Brown, chairperson at Lloyd’s of London, announced that the global pandemic insurance losses this year will be higher than what they had previously estimated.
November 24, 2020 Catastrophe

These Places Are Bound To Burn And People Keep Moving There

These Places Are Bound To Burn And People Keep Moving There

As climate change contributes to ever-worsening fire seasons in the Western U.S., more people are moving to the very areas most likely to burn.
November 23, 2020 Catastrophe Education & Training Property California Idaho Oregon Utah Washington

Study Reveals Hurricanes Now Take Twice As Long To Weaken After Landfall

Study Reveals Hurricanes Now Take Twice As Long To Weaken After Landfall

Hurricanes are keeping their staying power longer once they make landfall, spreading more inland destruction, according to a new study. Warmer ocean waters from climate change are likely making hurricanes lose power more slowly after landfall, because they act as a reserve fuel tank for moisture, the study found.
November 12, 2020 Catastrophe Risk Management

Nearly 80% Of Derecho Claims Closed; Payouts Exceed $1.6B

Nearly 80% Of Derecho Claims Closed; Payouts Exceed $1.6B

State officials released a report with preliminary insurance claim totals for Iowa from the August 10 derecho which gave some sense of the enormous extent of the damage caused by the storm.
November 10, 2020 Auto Catastrophe Property Iowa

Hurricane Zeta Damages In Louisiana Estimated To Hit $2.8 Billion

Hurricane Zeta Damages In Louisiana Estimated To Hit $2.8 Billion

Insurance industry analysts estimate storm damage from Hurricane Zeta in Louisiana could cost between $1.7 billion and $2.8 billion in repairs. Analytics business CoreLogic estimated that when storm damage in Mississippi and Alabama are factored in Hurricane Zeta caused $3.5 billion in destruction.
November 4, 2020 Catastrophe Property Louisiana Mississippi

Colorado Burning: Climate Change And A Record-Breaking Wildfire Season

Colorado Burning: Climate Change And A Record-Breaking Wildfire Season

From Wednesday night into Thursday morning the East Troublesome fire in Grand County, Colorado exploded from 19,000 to 125,000 acres in just 12 hours, driven by wind gusts of up to 60 mph. It is now the fourth biggest fire in state history.
October 22, 2020 Catastrophe California Colorado

One Year After The Dallas Tornado Outbreak

One Year After The Dallas Tornado Outbreak

We are marking the one-year anniversary of the state’s most expensive tornado outbreak. Most of the cost was created by an EF-3 tornado that slashed North Dallas on October 20, 2019.
October 21, 2020 Catastrophe Legislation & Regulation Property Texas

Watch For Governments To Transfer Financial Risk From Natural Disasters To Insurers: Swiss Re

Watch For Governments To Transfer Financial Risk From Natural Disasters To Insurers: Swiss Re

There is growing awareness that governments can transfer the financial risk of natural disasters to both insurance and capital markets, a Swiss Re expert observes.
October 19, 2020 Catastrophe Property

2020 A Record Hurricane Season, But Not For Losses

2020 A Record Hurricane Season, But Not For Losses

When Hurricane Delta smashed ashore along the Louisiana coast at 6 p.m. Friday, it became the 10th tropical storm to make landfall in the United States in 2020, breaking a record that had survived more than a century.
October 13, 2020 Catastrophe

Louisiana Officials Survey Hurricane’s Devastation In Lake Charles

Louisiana Officials Survey Hurricane’s Devastation In Lake Charles

As floodwaters from Hurricane Delta receded from this city, the largest in southwestern Louisiana to be severely hit by two hurricanes in six weeks, residents and city officials on Sunday were still surveying the damage of compounding crises — and wondering how much federal help they can count on.
October 12, 2020 Catastrophe Property Louisiana

In Path Of Hurricane Delta, Lake Charles’ Debris From Laura May Be Additional Hazard

In Path Of Hurricane Delta, Lake Charles’ Debris From Laura May Be Additional Hazard

Hurricane Delta is gaining strength and size over the Gulf of Mexico as it takes aim for the Louisiana coast, which is still recovering from a powerful Category 4 storm six weeks ago that ripped houses from their foundations, peeled off roofs and tore trailers in half.
October 8, 2020 Catastrophe Property Louisiana

Intense Hurricane Delta Threatens Louisiana And Florida

Intense Hurricane Delta Threatens Louisiana And Florida

Hurricane Delta, the 25th named Atlantic storm this year, is moving toward the Gulf of Mexico and expected to take aim at the U.S. Gulf Coast this week as a major hurricane, the National Hurricane Center said.
October 6, 2020 Catastrophe Property Florida Louisiana

California’s Grim Fire Mark: Burn Exceeds Last 3 Years Combined

California’s Grim Fire Mark: Burn Exceeds Last 3 Years Combined

Wildfires in California have burned a record 4 million acres since the start of 2020, charring more land in the past nine months than during the previous three years combined. The results are devastating.
October 5, 2020 Catastrophe Property California

More Wildfire Evacuations Ordered As Northern California Braces For Powerful Winds

More Wildfire Evacuations Ordered As Northern California Braces For Powerful Winds

More evacuations were ordered Thursday in Northern California as wildfire-weary residents braced for a return of powerful winds that could stoke a blaze burning in the region’s wine country.
October 2, 2020 Catastrophe Property California
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