Florida property insurers face 2026 hurricane test
Fitch says Florida property insurers enter the 2026 hurricane season with stronger capital, better reinsurance, and lower Citizens exposure
Natural Catastrophe News
California reviews wildfire deductibles in surplus homeowners insurance policies
California will review surplus homeowners policies after wildfire deductibles left some fire victims facing large out-of-pocket costs after losses
El Niño may weaken Atlantic hurricane season risks
El Niño points to a quieter Atlantic hurricane season, though NOAA and forecasters warn hurricanes still bring major U.S., Caribbean, and insured-loss risks
Florida home insurance premiums rise 75% as weather risks mount
Florida homeowners insurance premiums rose 75% from 2021 to 2025, nearly twice the U.S. average, as weather risk and reinsurance costs strain the market
Hurricane season may still test the US power grid – 13 named Atlantic storms this season
Forecasters expect 13 named Atlantic storms, but grid damage depends on local infrastructure, access, and repair capacity, not storm count alone
El Niño raises hurricane risk for Hawaii and California
AccuWeather expects an above-average 2026 Pacific hurricane season as warm ocean waters and El Niño conditions increase storm risks
PERILS lifts Victoria bushfire insurance loss estimate to AUD 810 mn
PERILS raised its second industry loss estimate for the January 2026 Victoria bushfires to AUD 810 mn, with a further update due in July
Hail and AI are reshaping severe storm risk management
Allianz says severe convective storms are driving heavy insured losses, with hail as a major factor and AI becoming more important in resilience planning
Ontario-Quebec ice storm became Canada’s costliest weather loss of 2025
Insured losses from the March 2025 ice storm in Ontario and Quebec reached CAD 466mn, sharpening calls for stronger resilience planning across Canada
Hail now rivals major hurricanes in insured loss potential in the US
Cotality says hail has become a major insured loss driver, with modern storms causing damage on par with a Category 4 hurricane in the US
AccuWeather sees slightly softer 2026 Atlantic hurricane season
AccuWeather forecasts 11-16 named storms in 2026 as El Nino may suppress activity, though warm Atlantic waters still raise rapid intensification risk
Outdated flood maps drive debt in US National Flood Insurance Program
The National Flood Insurance Program provides flood coverage to households and businesses across the United States
California FAIR Plan expands as insurers withdraw from lower-risk neighborhoods
California’s property insurance market shows growing strain as insurers retreat from areas once considered moderate wildfire risk
California bill targets wildfire non-renewals, adds 6-month notice
California lawmakers propose requiring insurers to give six months’ notice and specific reasons before dropping homeowners over wildfire risk
PERILS sets €467 mn loss for windstorm Goretti across UK and France
PERILS estimates €467mn insured loss from Windstorm Goretti in England, France and Belgium, with France accounting for nearly 75% of claims
Los Angeles wildfires reveal gaps in insurance wildfire risk models
Analysis of the Jan 2025 Los Angeles fires shows why fuel structure, access, and ember dynamics matter more than ignition risk for insurance underwriting
Slide Insurance targets $250 mn Purple Re cat bond with wider storm coverage
Slide Insurance returns to the cat bond market seeking $250 mn via Purple Re 2026-1, expanding named storm coverage beyond prior deals
US winter storms drive billions in insured losses as risk climbs – Aon
Winter storms across the US continue to generate multi-bn insured losses, exposing homeowners, drivers, and businesses to rising financial risk
PERILS sets final Windstorm Éowyn insured loss at EUR 765 mn
PERILS issues its final estimate for Windstorm Éowyn, putting insured property losses across the UK and Ireland at EUR 765 mn after limited loss development
Canada’s insured catastrophe losses reach CAD 2.4 bn in 2025
CatIQ reports CAD 2.4 bn in insured catastrophe losses for Canada in 2025, with ice storms and wildfires driving one of the most active years on record
Gallagher Re: 2025 catastrophe losses stay manageable for insurers
Gallagher Re estimates $129 bn in insured catastrophe losses for 2025, with US storms dominating and capital levels reaching a record $838 bn
US homeowners face chronic underinsurance as LA wildfire losses mount
Wildfires expose decades of US home underinsurance, with studies showing most policies fall short of rebuilding costs as climate risks and prices rise
Florida bill raises hurricane fund retention and reshapes insurer reimbursements
Florida lawmakers proposed HB 1349 to lift the Hurricane Catastrophe Fund retention to $8.5 bn, revise insurer multiples, and expand reimbursement to loss adjustment expenses
Victorian bushfires in Australia trigger 1,386 insurance claims as total losses hit 30%
Insurers logged 1,386 claims from Victoria’s January bushfires, with 30% of property claims total losses, as the ICA activates its catastrophe response
Los Angeles wildfires drive $22.4 bn in claims as insurance losses mount
California insurers have paid $22.4 bn on wildfire claims, with insured losses projected up to $40 bn as rate hikes and regulatory battles intensify
Howden Re flags sharp property cat pricing drop at Jan. 2026 renewals
Howden Re estimates global property cat reinsurance pricing fell 14.7% at Jan. 2026, the steepest annual drop since 2014, with retrocession down 16.5%
Global Property Catastrophe Rate fell 12% at 1/1, 2026 reinsurance renewals
Guy Carpenter reports global property catastrophe ROL down 12% at Jan. 1, 2026, with excess capacity, stable retentions, and softer terms
Nevada allows wildfire exclusions, reshaping home insurance risk
Nevada will allow insurers to exclude wildfire coverage from homeowners policies in 2026, signaling deeper risk segmentation in property insurance
Wildfire risk drives Montana insurance hikes, report outlines fixes
A Headwaters and Columbia Climate School report flags wildfire risk as an urgent driver of Montana insurance costs and maps potential market reforms
La Niña returns, driving floods, snowstorms, and rising global losses
A renewed La Niña is fueling floods in Asia, early US snowstorms, and mounting economic losses, with insurers and commodity markets bracing for impact
FEMA releases $350 mn for Helene, Debby relief after delays
FEMA approves $350 mn in disaster aid tied to Hurricane Helene and Tropical Storm Debby after pressure over hundreds of millions in unpaid funds
Hawaii’s Act 296 revives hurricane fund to ease soaring condo insurance premiums
Hawaii expands state-backed hurricane coverage for condo buildings as Act 296 aims to cut premiums, boost market capacity and draw insurers back
Climate risk drives insurance spikes and slams home values nationwide
Insurance premiums soar across disaster zones, pushing homeowners to sell, reshaping markets, and dragging down property values in hurricane and wildfire regions
Hurricane Melissa causes up to $4.2 bn insured losses in Jamaica
Verisk estimates Jamaica’s insured losses from Hurricane Melissa at $2.2–$4.2 bn, with near-total building destruction in landfall zones
Hurricane Melissa hits Jamaica with 185 mph winds, low insured losses
Hurricane Melissa’s 185 mph winds bring heavy damage to Jamaica and Cuba, with billions in losses expected but low insured coverage across the region
PERILS pegs Central Europe, Italy flood losses at €2.15 bn in final report
PERILS sets final insured loss for Sept 2024 Central Europe and Italy floods at €2.15bn, citing Austria, Czech Republic, and Poland as hardest hit
Atlantic hurricane season reliably drags reinsurer and London Market insurer stocks lower
Autonomous finds hurricanes rarely dent reinsurer stocks long term—pricing cycles, diversification, and discipline matter far more than storm counts
Cat Bond issuance tops $21 bn in 2025, marking the most active year in the history of ILS
Aon reported that catastrophe bond issuance surpassed $21 bn during, marking the most active year in the history of the ILS market
CatIQ estimates loss for Hurricane Debby floods: C$2.806 bn in insured damages
The flooding followed the remnants of Hurricane Debby and has generated total insured losses of C$2.806 bn, a slight decrease from the previous estimate of C$2.817 bn
Severe Convective Storms inflicted $58bn in insured losses – ZestyAI’s research
Severe Convective Storms (SCS) inflicted $58bn in insured losses in 2024, surpassing hurricanes and ranking as the second-costliest year on record for these events
PERILS raises insurance industry loss estimate for Windstorm Éowyn to €747 mn
PERILS has increased its third industry loss estimate for extratropical windstorm Éowyn (also referred to as Gilles) to €747mn, up from €696mn in April
Insurance Australia Group estimated natural perils costs at A$1.1 bn
Insurance Australia Group Ltd. raised its fiscal-year 2025 guidance as estimated natural perils costs are projected at A$1.08 bn
Insured losses from Mexico’s Hurricane Erick are expected to remain limited
Insured losses from Hurricane Erick, which made landfall last week in southern Mexico, are expected to remain limited
Global insured losses could exceed $300 bn in a peak year – Swiss Re
Swiss Re warned that insured losses could exceed $300bn in a peak year, underscoring the essential role of the reinsurance sector, which holds $500bn in capital
Severe weather cost Canadian insurers C$1.7 bn, total insured damage exceeded C$8.5bn
Severe weather events cost Canadian commercial carriers over C$1.7bn ($1.19bn) in 2024, according to Catastrophe Indices and Quantification
PERILS released 3rd insurance industry loss estimate for the Central Europe and Italy floods
PERILS, a Zurich-based organization providing catastrophe insurance data, released its third industry loss estimate for the Central Europe and Italy floods
Flood Re secured £140 mn in retrocession reinsurance coverage with catastrophe bond
Flood Re has secured £140 mn in retrocession reinsurance coverage with its first catastrophe bond, Vision 2039 – Series 2025-1
Wildfires in Los Angeles impact classic cars and art collections, triggering major insurance claims
Recent wildfires in Los Angeles have affected the market for collectible cars, though the extent of the impact remains uncertain
Perils revised its estimated insured losses for floods in Central Europe & Italy
PERILS has disclosed its second industry loss estimate for the floods in Central Europe and Italy to €2.08 bn
Insured losses surpassed C$110 mn following severe storms & flooding in Canada
Insured losses have surpassed C$110 mn following severe storms and flooding in southern British Columbia, as reported by Catastrophe Indices and Quantification
- « Previous
- 1
- 2
Insurance regulators in the US, UK and Japan are strengthening oversight of asset-intensive reinsurance, targeting counterparty credit risk, recapture reserve adequacy
US 30-year mortgage rates reached 7.55% as refinancing and purchase applications declined, raising monthly costs and pushing more borrowers toward ARMs
Google and CoverGo examine how Agentic AI could reshape insurance operations, underwriting, data architecture, governance and human oversight
Mastiffs top the list of the most expensive dog breeds for pet insurance, with annual premiums averaging $2,546, according to Insurify data