Catastrophe

Q1 2026 Natural Catastrophe Losses Fall Well Below Average, Leaving Insurers in Strong Position

Global insured losses from natural disasters totaled $20 billion in the first quarter of 2026 — 26% below the 10-year average — according to Gallagher Re’s latest Natural Catastrophe and Climate Report.

U.S. Storms and European Flooding Drive Below-Average Q1 Catastrophe Losses

Claim Volumes Fell Across Most Lines in 2025 as Wildfire Losses Hit Record Highs

California Faces $36 Billion Price Tag to Build Durable Wildfire Catastrophe Fund, State Study Finds

Severe Convective Storm Losses Hit $208 Billion Over Three Years as Hail Emerges as Top Claims Driver

Recently in Catastrophe

The American West Is Burning. Better Risk Management Means ‘Hardening’ Homes and Businesses

Global climate change is making wildfires worse. What U.S. insurers and insureds need to do to prepare.

From Nat CAT Covers to Active Assailant Insurance Options, Why Parametric Solutions Are Rising in the Risk Mitigation Ranks

Better data analytics is enabling a number of new parametric insurance solutions from a product to cover losses caused by an active assailant to ways to manage supply chain risk.

Earthquake Modeling Continues to Evolve: How Today’s Technology Is Paving the Way for Better Seismic Risk Management

For a low frequency, high severity peril like earthquake, businesses need to know their risk management plans before a single pebble falls out of place.

Insurance-Linked Securities Continue to Shatter Volume Records. But How Will CAT Activity Impact the Market?

New capital is entering the market while some insurance-linked securities investors tighten their belts.

Determining the Root Cause of the Surfside Condo Collapse: Failed Risk Management Is the Culprit

A risk management root cause analysis points out the steps that led to the disaster in Surfside. Let this be a lesson, then, when dealing with risk management for all items.

America’s Deplorable Infrastructure, a Complex CAT Property Market and How Insurance Is Responding

With the impact of the recent condominium collapse in Miami only beginning to take effect, the insurance litigation response is sure to be costly.

The Calamitous Surfside Condo Collapse: A Climate Resiliency Lesson All Insurers and the Government Can Learn

Climate change and an unwillingness on the part of owners and regulators to face up to infrastructure risks played a deadly role in the collapse of the Champlain Towers South in Surfside, Fla.

You Thought Superstorm Sandy Was Bad? We Could Well Be Facing a Superstorm of Risk

Property and inventory owners that are situated well inland may very much be at risk during a hurricane. Superstorm Sandy proved that.

A Hardening Renewable Energy Market Renews Interest in Basic Risk Management

Soaring losses have underwriters raising rates while backers insist on greater coverage. Developers are caught in the middle. 

Farmers Insurance Settles for $25 Million with Oklahoma Attorney General Over ‘Faulty’ Earthquake Coverage

Farmers Insurance is on the hook for $25 million after the Oklahoma Attorney General alleged the insurer’s earthquake policy violates the Oklahoma Consumer Protection Act.

Updated Climate Change Risk Models Are Giving Insureds and Underwriters a Better Chance to Defend and Restore Property

AIR Worldwide has updated its hurricane and wildfire models to get more granular insight on long-term climate risk.

Texas’ Perfect Ice Storm of Denial: The Enormous Cost of Ignoring Grid-Strengthening Recommendations

After a damaging winter storm in 2011, officials in Texas received recommendations on weatherizing the state’s grid. Those recommendations were not followed, and in 2021, Texans paid a big price.

2021’s Key Emerging Risks, According to the World Economic Forum

It will come as no surprise to learn that the COVID-19 pandemic was by far the biggest concern for the respondents to the WEF’s annual survey.

What’s a Gigafire? And How Could It Impact My Business?

The frightening superlative given to fires that reach one million acres burned could become part of the risk lexicon as wildfires get larger.

This Market Has Wheels: Surplus Lines Premium Growth Should Roll on Well Through 2021

Growth in the surplus market will continue as companies facing new exposures look for coverage flexibility and rate relief.

Just How Much of a Role Can Technology Play in Bridging the Flood Insurance Coverage Gap?

Existing flood maps consistently underestimate exposure, but the industry is determined to build better models.

Insurance Carrier Surpluses Plummeted But Premiums Written Grew in Q1

Despite significant losses related to the COVID-19 pandemic, the P&C market remains solvent and stable.

Ominous San Andreas Fault Study: Risk of a Big Quake 5X Higher Than Previously Thought

A recent study found that the San Andreas fault has a 1 in 87 probability of producing a major quake within the next year.

This Year’s Hurricane Season Isn’t Anything Like We’ve Seen Before. But There’s Still a Way Through the Storm

Preparation and action that takes place now can help businesses become more efficient, effective and resilient to natural catastrophes and similar crises in the future.

Natural Infrastructure Helps Prevent Natural Catastrophe Damage. Here’s 3 Ways Insurers Can Take Advantage

A recent report from the Natural Wildlife Federation and Allied World takes a look at how natural features can be used to reduce the amount of damage caused by Nat CATs.