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The Unprecedented Hurricane Season

The Unprecedented Hurricane Season

The National Oceanic and Atmospheric Administration (NOAA), part of the Department of Commerce, released a report in May predicting a strong chance of a busy Atlantic hurricane season this year. So far, that prediction has held true.
October 1, 2020 Catastrophe Property

After Easter Storms In Chattanooga Area, Recovery Is Slow And Hurdles Are High

After Easter Storms In Chattanooga Area, Recovery Is Slow And Hurdles Are High

Five months after an Easter night tornado sent trees crashing through her roof and rain cascading into her kitchen, Lauren Cameron’s home was still draped in blue tarps, wide open to the weather.
October 1, 2020 Catastrophe Property Tennessee

Swiss Re Reveals Percentage Of Countries At Risk Of Ecosystem Collapse

Swiss Re Reveals Percentage Of Countries At Risk Of Ecosystem Collapse

A fifth of countries worldwide are at risk from ecosystem collapse due to a decline in biodiversity, according to a new Swiss Re report. Countries around the world are reliant on services that are based on their natural ecosystems, according to the reinsurer.
September 25, 2020 Catastrophe Education & Training

Hurricane Sally Could Drive $3.5B Industry Loss In US, Says RMS

Hurricane Sally Could Drive $3.5B Industry Loss In US, Says RMS

Catastrophe risk modeller RMS has estimated that total insured losses from Hurricane Sally in the US will be between $2.0 billion and $3.5 billion.
September 24, 2020 Auto Catastrophe Property Alabama Florida Georgia

The Role Of Insurance Companies In Optimising Disaster Recovery

The Role Of Insurance Companies In Optimising Disaster Recovery

The crucial role that insurance plays in the resilience of societies, communities and countries has become clearer than ever during the COVID-19 pandemic.

September 22, 2020 Catastrophe Risk Management

California Regulator, Insurers To Work Together On Fire Risk Mitigation Standards

California Regulator, Insurers To Work Together On Fire Risk Mitigation Standards

California’s insurance commissioner announced a plan to tackle the state’s wildfire insurance crisis Wednesday, saying the state will collaborate with the industry to develop standards for “hardening” homes and communities against fire risk.
September 17, 2020 Catastrophe Legislation & Regulation Property California

Public Health Emergency, Disaster Declaration Issued For Oregon

Public Health Emergency, Disaster Declaration Issued For Oregon

President Donald Trump has issued an emergency declaration for Oregon due to the deadly wildfires that have burned across the state and federal officials have also declared a public health emergency as dangerous, smoky conditions continue.
September 16, 2020 Catastrophe Property California Oregon

Hurricane Sally Could Bring Historic Flash Flooding Along Mississippi, Alabama, Florida Coasts

Hurricane Sally Could Bring Historic Flash Flooding Along Mississippi, Alabama, Florida Coasts

This year’s hurricane season is on pace to be the most active of all time, so it’s no wonder that the tropics remain very busy. The National Hurricane Center now sees four named storms and seven active systems in the Atlantic storm basin.
September 15, 2020 Catastrophe Property Alabama Florida Mississippi

The Edge Of Disaster: What Can Past Hurricane Seasons Teach Us About 2020’s Challenges?

The Edge Of Disaster: What Can Past Hurricane Seasons Teach Us About 2020’s Challenges?

The global pandemic and the associated issues that 2020 has brought, ranging from health risks and social distancing to economic strain and supply-chain difficulties, have framed a year unlike any other. Insureds and claims departments alike are dealing with a host of unprecedented concerns and challenges.
September 11, 2020 Catastrophe Property

Deadly Wildfires Worsen Across California, Oregon And Washington

Deadly Wildfires Worsen Across California, Oregon And Washington

Wildfires fueled by extreme heat and high wind spread further across California, Oregon and Washington on Thursday, destroying hundreds of homes and killing at least seven people.
September 10, 2020 Auto Catastrophe Property California Oregon Washington

NFIP Enters New Millennium With Virtual Adjusting And Risk Rating 2.0

NFIP Enters New Millennium With Virtual Adjusting And Risk Rating 2.0

As evidenced by Hurricane Laura and other significant events, including the flooding in the Midwest last year, floods pose a serious risk to property owners across the country.
September 10, 2020 Catastrophe Legislation & Regulation Property

Latest On California Wildfires: Record 2M Acres Burned, 3,300 Structures Destroyed

Latest On California Wildfires: Record 2M Acres Burned, 3,300 Structures Destroyed

Wildfires have burned a record 2 million acres in California this year, and the danger for more destruction is so high the U.S. Forest Service announced today it was closing all eight national forests in the southern half of the state.
September 8, 2020 Auto Catastrophe Property California

More Than One Way To Define A Cat

More Than One Way To Define A Cat

If you disagree with a co-worker on exactly what a catastrophe is, both of you could be right. There is no single standard definition of a “Cat,” with the industry’s loss costs — and even media coverage — among the factors that go into deciding whether an event is a Cat.
September 4, 2020 Catastrophe

Wildfires Hasten Another Climate Crisis: Homeowners Who Can’t Get Insurance

Wildfires Hasten Another Climate Crisis: Homeowners Who Can’t Get Insurance

As wildfires burn homes across California, the state is also grappling with a different kind of climate predicament: How to stop insurers from abandoning fire-prone areas, leaving countless homeowners at risk.
September 2, 2020 Catastrophe Legislation & Regulation Property California

Dodd’s Insurance Claims Streamlining Bill Clears California Legislature

Dodd’s Insurance Claims Streamlining Bill Clears California Legislature

A proposal from State Sen. Bill Dodd, D-Napa, that would streamline residential insurance claims for victims of disasters such as wildfires passed the legislature today with bipartisan support.
August 31, 2020 Catastrophe Legislation & Regulation Property California
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