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Forecasters Predict Above-Normal Atlantic Hurricane Season

Forecasters say the Atlantic could see another above-normal hurricane season in 2017. Forecasters predicted 11-17 named storms, five to nine hurricanes and two to four hurricanes could be "major" with sustained winds of at least 111 mph.
May 26, 2017 Catastrophe Property Delaware District Of Columbia Florida Georgia Maryland

Denver Hailstorm Is Costliest Ever For Colorado

The hailstorm that pounded west metro Denver with golf ball- and baseball-sized stones on May 8 will rank as the most expensive catastrophe in state history, according to estimates Tuesday from the Rocky Mountain Insurance Information Association.
May 25, 2017 Auto Catastrophe Property Colorado

Resiliency, Mapping And Consumer Choice Changes Recommended For NFIP

More focus on resiliency measures, updated mapping techniques and increased consumer choices are among the recommendations for reforms to the National Flood Insurance Program (NFIP) issued by a coalition for “environmentally responsible, fiscally sound approaches to natural catastrophe policy that promote public safety.”
May 4, 2017 Catastrophe Legislation & Regulation Property

Earthquake Insurance Campaign Successful; Policies Increase Among California Homeowners

A record number of homeowners have purchased California earthquake insurance following a significant effort to encourage consumers to buy coverage. In 2016, the California Earthquake Authority (CEA) rolled out a number of new policy options and other offerings to boost the accessibility of coverage.
May 2, 2017 Catastrophe Property California

Rising Seas Claiming California’s Coast Faster Than Scientists Imagined

A slow-moving emergency is lapping at California’s shores — climate-driven sea-level rise that experts now predict could elevate the water in coastal areas up to 10 feet in just 70 years, gobbling up beachfront and overwhelming low-lying cities.
April 27, 2017 Catastrophe Property California

Australian Insurance Companies May Face Massive Payouts From Cyclone Debbie

The Insurance Council of Australia (ICA) has cautioned Australian insurance companies, businesses and residents that the damage from Cyclone Debbie is extensive and will be costly. In fact, the ICA declared it a catastrophe.
April 4, 2017 Auto Catastrophe Marine Property

Catastrophe Declared As Cyclone Makes Landfall In Australia

The Insurance Council of Australia (ICA) has declared a catastrophe as Tropical Cyclone Debbie makes landfall between Bowen and Airlie Beach in North Queensland.
March 28, 2017 Catastrophe Property

Study Reveals Greater Earthquake Danger In Southern California

The odds of the earth moving beneath the feet of Southern Californians just got a lot higher. According to a newly published study, a fault line that stretches along that coast could produce earthquakes far more severe than previously suspected.
March 9, 2017 Catastrophe California

A Series Of Catastrophic Events: How Would The Industry Cope?

A group of major insurers has held a ‘dry-run’ simulation of catastrophic loss events, which resulted in the highest global insurance losses in history — at approximately US$200 billion — and found that the industry has sufficient liquidity to cope.
February 1, 2017 Catastrophe

Gatlinburg Wildfire Claims Total Nearly $1B

Insurance claims resulting from the Sevier County wildfires have risen by more than $100 million in the most recent report issued by the Tennessee Department of Commerce and Insurance.
January 31, 2017 Auto Catastrophe Property Tennessee

Catastrophic Designation Varies Among Idaho Insurers Handling Winter Claims

Kristine Howe and her mother were stopped at the intersection of Ustick and Meridian roads on Monday when a driver slammed into the back of their minivan. The minivan’s brakes were no match for the icy road.
January 26, 2017 Auto Catastrophe Liability Property Risk Management Idaho

Georgia Insurance Commissioner Estimates $100M In Damage

Insurance Commissioner Ralph Hudgens has called on the state’s insurance companies to expedite storm damage claims resulting from this weekend’s deadly tornadoes in South Georgia.
January 26, 2017 Auto Catastrophe Property Georgia

Global Natural Catastrophe Losses In 2016: Only 30% Were Insured

Natural disasters caused $175 billion worth of damages in 2016, the highest cost associated with natural catastrophes since 2012.
January 4, 2017 Catastrophe

Insurer Workshops Focus On New Open Catastrophe Loss Models

An interactive catastrophe risk modelling tool using maps, metrics and real time updates called RiskInsight and created by Karen Clark & Company (KCC) is branding itself as the insurance industry’s go-to for digital catastrophe analysis.
December 23, 2016 Catastrophe Education & Training Risk Management

NASA Launches 8 Mini-Satellites For Hurricane Forecasting

NASA has launched eight mini-satellites to measure surface wind deep in the heart of hurricanes. The plane carrying the satellites took off shortly after sunrise Thursday from Cape Canaveral, Florida.
December 15, 2016 Catastrophe Technology Florida
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