The 2018 Hurricane Season Could Be As Busy As The 2017 Season
After a record drought that featured no major (Category 3-5) hurricane landfalls in the United States, 2017 roared to life, reminding everyone how powerful and destructive these monster storms can be.
April 5, 2018
Catastrophe
How Satellites Can Help Catch Disaster Insurance Fraudsters
A new fleet of satellites could become the ultimate foil for fraudsters looking to make a quick buck in the wake of a natural disaster. Thats the intention of Planet, a San Francisco company that has sent around 380 satellites into space since 2013.
March 28, 2018
Catastrophe
Fraud
Property
Climate Change Raises Risks For Insurers
A new report revealed the impact of warming climates worldwide on the insurance industry. The impact of climate change on the economy will have an increased liability risk for insurance companies. Catastrophes related to extreme weather are becoming more severe and frequent, according to a Moodys Investors Service report.
March 26, 2018
Catastrophe
Risk Management
NFIP Extended Through July With Omnibus Spending Bill
Advocates who have been pushing for renewal of the U.S. federal flood insurance programs in the wake of last years devastating hurricanes and floods praised Congress for extending the program through July 31.
March 26, 2018
Catastrophe
Legislation & Regulation
Property
Fourth Noreaster In Three Weeks Leaves 90,000 Without Power After Heavy Snow
More than 90,000 customers were without power overnight after another major noreaster the fourth in three weeks pummeled the Interstate 95 corridor with as much as 19 inches of snow on the first full day of spring.
March 22, 2018
Catastrophe
Property
Massachusetts
New Jersey
New York
Pennsylvania
Six Months Later: A Look At Hurricane Irma By The Numbers
She was fast, she was furious, and she wreaked havoc across the Atlantic basin. Hurricane Irma struck the Caribbean and southern Florida six months ago, but her impact is still being felt to this day.
March 14, 2018
Catastrophe
Property
Florida
NFIP Boss: Floridians, One And All, Get Flood Insurance
If youre a homeowner in Florida relying on flood zone maps to decide whether to buy insurance, you may want to check your drivers license instead.
March 6, 2018
Catastrophe
Property
Florida
Insurers Urged To Play A Role In Rebuilding Economies After Disasters
Insurers should be giving more thought to planning how to rebuild economies in the aftermath of a crisis, a reinsurance executive urges.
February 13, 2018
Catastrophe
California Earthquake Insurance Sales Skyrocketed Last Year
Californians have been warned for many years, but 2017 seemed to be the year to take action. Scientists have been cautioning homeowners to buy California earthquake insurance for decades.
February 13, 2018
Catastrophe
Property
California
Despite Catastrophic Losses In 2017, Few Homeowner Insurance Complaints In Texas
In 2017, Texas homeowners suffered significant losses from Hurricane Harvey, severe hailstorms and tornadoes around the state. Despite another year of bad weather, data from the Texas Department of Insurance (TDI) shows that justified consumer complaints continued to be low.
February 8, 2018
Catastrophe
Property
Risk Management
Texas
Floods Are Getting Worse, And 2,500 Chemical Sites Lie In The Waters Path
Anchored in flood-prone areas in every American state are more than 2,500 sites that handle toxic chemicals, a New York Times analysis of federal floodplain and industrial data shows. About 1,400 are located in areas at highest risk of flooding.
February 8, 2018
Catastrophe
Excess & Surplus Lines
Liability
Wildfire Damage Assessment Continues In California
The wildfire season in California may be over, but insurers and their customers are still reeling from the aftermath of devastating losses relating to homes, businesses and vehicles.
February 5, 2018
Catastrophe
Property
California
Natural Disaster Recovery: Who Owns The Risk?
Canadians are not fully aware of their exposure to natural catastrophe risks, triggering a conversation at the C4 2018 conference in Ottawa about who is responsible for shouldering the heavy load of mounting disaster recovery costs.
February 1, 2018
Catastrophe
Property
Californias 2017 Insured Wildfire Losses Approaching $12B
Insurance claims from last falls deadly California wildfires have reached $11.8 billion, making it the most expensive series of wildfires in state history, an official said Wednesday.
February 1, 2018
Auto
Catastrophe
Property
California
NHC Report On Harvey: Most Significant Tropical Cyclone Rainfall Event In US History
The National Hurricane Center released Thursday its official 76-page report on Hurricane Harvey and its impacts on Texas and the rest of the United States.
January 25, 2018
Auto
Catastrophe
Property
Texas



