Kelvin wave tied to El Niño is moving toward California, increasing coastal flood risk
A Pacific Kelvin wave tied to El Niño is moving toward California, with sea levels expected to rise by up to 1 foot and increase coastal flood risk
Natural Catastrophe News
Nor’easter brings flood and wind losses across US East Coast
A strong nor’easter brings coastal flooding, heavy rain and damaging winds across the US East Coast, with further rain expected in the Northeast
EigenRisk adds Swiss Re CatNet hazard data to EigenPrism
EigenRisk adds Swiss Re CatNet hazard data to EigenPrism, giving insurers, MGAs and brokers access to global catastrophe risk analytics in one platform
Catastrophe insurance gap persists as reinsurance capacity grows
Reinsurance capital hit a record $785 bn, yet 57.8% of global catastrophe losses went uninsured from 2015 through 2025, Moody’s found
Hawaii urges insurance checks as Hurricane Nolo approaches
Hawaii regulators urge residents to review hurricane, flood, renters and auto insurance as Hurricane Nolo approaches the islands
Hurricane watch issued for Hawaii as Tropical Storm Nolo strengthens
Hawaii’s Big Island is under a hurricane watch as Tropical Storm Nolo strengthens, with up to 35 inches of rain and major flooding possible
California insurers pledge new policies as FAIR Plan stays near 697,000
California insurers have committed to new policies under catastrophe-model rules, while FAIR Plan enrollment remains near 697,000 amid a dispute over progress
Florida approves home insurance rate cuts ~7% for 62,000 policies
Florida approved homeowner rate cuts averaging 7% for 62,000 policies as insurers file more decreases and Citizens continues shrinking
Europe to spend €500 bn on climate adaptation through 2035
Europe is expected to spend €500 bn on climate adaptation and disaster recovery through 2035 as extreme weather drives long-term investment
Hurricane Polo pressure puts Mexico catastrophe bond in focus
Hurricane Polo reached 180 mph winds and 892 mb pressure, putting pressure triggers on Mexico’s $175 mn Pacific hurricane catastrophe bond under scrutiny
Severe Caribbean hurricanes rise 94% over the past decade – Atrium research
Atrium research finds Category 3-5 Caribbean hurricanes rose 94% in a decade, increasing property losses and insurance exposure across tourism markets
Florida hurricane losses could exceed $300 bn as coastal exposure grows
A Category 5 hurricane hitting Miami or Tampa Bay could cause insured losses above $300 bn as Florida’s population and property exposure keeps rising
Insurers face higher catastrophe risk as Pacific typhoon activity rises
Northwest Pacific typhoon activity is forecast 60% above average in 2026, raising catastrophe exposure across China, Japan, the Philippines and Vietnam
Eastward tornado Alley shift raises insured loss risk in US Midwest
Record tornado activity in Illinois, Indiana and Wisconsin is increasing insured loss exposure as severe storms shift toward more populated US regions
Hurricane Lowell may cause up to $1 bn in Hawaii damage
Hurricane Lowell passed west of Hawaii, bringing heavy rain and surf, with estimated damage of $600 mn and potential losses reaching $1 bn
Insured losses from non-peak natural catastrophes exceeded $104 bn
Munich Re says insured losses from non-peak perils reached $104 bn in 2025 as cyber, AI and climate risks add pressure to reinsurance markets
Verisk launches US data center exposure database for insurers
Verisk launched a US data center exposure database covering more than 2,500 facilities as insurers assess growing AI infrastructure concentrations
Natural catastrophe protection gap leaves most losses uninsured
Only 38% of global natural catastrophe losses are insured, Verisk says, with Europe’s coverage rate at 22% and far lower protection in some markets
Florida judge dismisses Lighthouse investor lawsuit over Hurricane Ida losses
A Florida judge granted summary judgment against investment funds that accused former Lighthouse Property Insurance executives of concealing Hurricane Ida losses
Nepal floods could drive insurance losses above $132 mn
Nepal’s floods could produce more than $132 mn in commercial insurance losses, with hydropower projects expected to account for most claims
California wildfire insurance reform should focus on risk reduction
California’s homeowners insurance market is under pressure from wildfire losses, rising premiums and reduced coverage, while policymakers assess further reforms
Manitoba and Saskatchewan storms drive insured losses above $840 mn
Insured losses from June 9-10 storms in Manitoba and Saskatchewan have topped $840 mn after tornadoes, hail, flooding and damaging winds
Europe wildfires test insurers as climate losses rise
France, Spain and Greece face wildfire losses as insurers absorb claims and Europe debates who pays for climate-driven disaster risk
Axa profit rises despite Europe wildfire and Middle East losses
Axa reported higher first-half profit despite European wildfire claims and a €100 mn hit tied to Middle East war and political violence risks
Verisk estimates Kumamoto earthquake insured losses at $2.1 bn
Verisk estimates insured losses from the July 28 Kumamoto earthquake at JPY 220 bn to JPY 340 bn, or about $1.4 bn to $2.1 bn
Chartered Institute of Loss Adjusters urges adjusters to submit fire and flood loss data
As the UK experiences one of its most severe wildfire seasons on record the Chartered Institute of Loss Adjusters (CILA) has called for loss adjusters to submit large loss data
Flood and storm risks reshape catastrophe insurance
RiskScan data shows flood, winter storms and thunderstorms driving concern as localized disasters pressure P&C pricing and preparedness
Verisk acquires McKenzie Intelligence Services for catastrophe risk analytics
Verisk buys MIS to add real-time geospatial intelligence, catastrophe response data and political violence risk analytics for insurers
Cyclone Harry caused over €1 bn in Sicily losses and exposed NatCat insurance gaps
Cyclone Harry caused over €1 bn in Sicily losses and showed why Italy’s mandatory disaster insurance leaves firms exposed to storm surge risk
Louisiana Insurance Commissioner is urging insurance checks before Gulf storm
Louisiana residents are being urged to review home and flood cover as Tropical Depression Two moves toward the Gulf Coast
Missouri insurance regulator Angela Nelson warns homeowners after rare flood emergency
Missouri insurance regulator Angela Nelson urges homeowners to review flood risk after July 10 storms caused severe flooding and rescues
Oklahoma sues Allstate over storm damage insurance claim payments
Oklahoma AG Gentner Drummond sued Allstate, accusing the insurer of denying or underpaying valid wind and hail damage claims from homeowners
US flood insurance gap exposes households to $375 bn in losses
Moody’s says the US flood insurance gap has reached 65%, leaving households and local governments exposed to more than $375 bn in uninsured losses
New Zealand’s Natural Hazards Commission secures record $7.2 bn reinsurance cover
New Zealand’s NHC secures NZ$12.3 bn of reinsurance protection for 2026, including catastrophe bond cover through Totara Re
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
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%
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How Lloyd's institutional structure supports re/insurance underwriting across marine, aviation, energy, cyber and other complex insurance classes
Global insurance-linked securities market reached $145 bn in 2026, supported by record catastrophe bond issuance, 12.5% investor returns and expanding reinsurance sidecars
Global reinsurance capital reached $800 bn in 2026 as expanding capacity, lower property pricing and stronger catastrophe bond activity favor buyers
Insurance regulators in the US, UK and Japan are strengthening oversight of asset-intensive reinsurance, targeting counterparty credit risk, recapture reserve adequacy