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
Natural Catastrophe News
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
- 3
The 20 Global largest insurance and reinsurance broking groups generated approximately $121.9 bn in combined group revenue
Global economic losses from natural disasters in 9M 2026 were estimated at $204 bn, which was 31% below the long-term average since 2000 ($296 bn)
Homeowners insurance typically covers lightning damage to houses, belongings and detached structures, but coverage for power surges depends on policy terms
Life insurance customer trust fell in 2026, particularly among Gen Z and financially vulnerable consumers, despite stable overall satisfaction