Natural disasters

Devastating floods have killed more than 1,300 people and caused at least $20 billion in losses since late last month across parts of South and Southeast Asia.

For years, academics and brokers have discussed whether cat bonds could do more than just clean up after disasters.

A rare thing is about to happen in the $55 billion market for catastrophe bonds: a trigger event will wipe out 100% of a bond's principal.

The insured costs of Hurricane Melissa's damages to onshore property in Jamaica now range between $2.2 billion and $4.2 billion, according to data firm Verisk Analytics Inc.

Of the 15 states most affected by natural disasters, California and Florida had the highest non-renewal rates in 2024, a Weiss Ratings study found.

Hurricane Melissa thrashed Cuba, unleashing landslides and flooding in the nation's second-largest city.

How to build a more resilient and efficient CAT playbook through communication automation.

The dangerous storm was about 50 miles south-southeast of Negril, Jamaica, at the western tip of the island, the US National Hurricane Center said in an 9 a.m. New York time update.

The seemingly unstoppable rise of catastrophe bonds may now be eroding the market share of reinsurers.

Jay Koh, a private equity veteran and former Carlyle Group Inc. executive, says investors should be paying a lot more attention to the new economy forming around extreme weather.

Preliminary insured losses for the first nine months of 2025 already stand at about $105 billion, according to a report Wednesday by Gallagher Re.

Many businesses are overlooking the full extent of their climate risk, even after they've experienced the impacts of more extreme weather first-hand.

Five ways technologies and revised processes are helping insurance organizations better predict and protect.

Larger states are more likely to have funds for prevention of natural disasters and responses to these events, says Chip Merlin, an attorney who represented Hurricane Katrina survivors.

Neptune Insurance filed for an IPO showing growing revenue for the flood insurance company.

A Category 5 hurricane could lead to more than $200 billion in damage, Moody's Analytics said in a report released before the 20th anniversary of Hurricane Katrina.

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The models at the time overestimated the strength of the levees. They also underestimated the exposure of commercial properties.

The legislature, which returns to respond to recent floods, could also take up bills to curb local property taxes, including bills aimed at bond issuance.