Articles about Catastrophic Loss in Insurance
The recent tragedy at the Longview paper mill is a heartbreaking reminder of how quickly things can go wrong. This article explores the critical insurance coverages, like workers' comp and business interruption, that provide a financial lifeline when the unthinkable happens.
A terrifying midair collision between two Navy jets at an Idaho air show had a miraculous outcome for the pilots. But it raises a huge question: who pays for a disaster like this? Let's unravel the complex insurance behind the headlines.
Recent historic flooding in Hawaii left many farmers watching their livelihoods wash away. We'll look at the heartbreaking stories and uncover the surprising insurance gaps that left them unprotected.
The FAA has admitted it failed to act on warnings before a tragic jet-copter collision that killed 67 people. For the insurance world, this is more than a headline—it's a multi-billion dollar case study in liability and negligence.
The recent tragedy at a Maine lumber mill is a heartbreaking reminder of the risks workers face. We'll look at the complex web of insurance policies, from workers' comp to liability, that come into play when disaster strikes.
The tragic collapse of Baltimore's Key Bridge is more than a headline—it's potentially one of the largest marine insurance claims ever. Let's break down exactly who pays for a disaster of this scale and what it means for the world of insurance.
A tiny meow was heard in the rubble of a Mississippi tornado, leading to a stunning rescue. This story is more than just a miracle; it's a powerful reminder of why having the right insurance is your lifeline when disaster strikes.
A tornado just tore through an Oklahoma town, damaging 40 homes. When disaster strikes, the moments after are confusing. Here’s a real, human guide on what to do and how to handle your insurance claim.
The first quarter of 2026 gave the insurance industry a much-needed breather, with natural catastrophe losses falling well below average. Let's break down what this means for insurers, why Europe's story is so different, and what's really driving storm costs in the U.S.
You've seen the news about record droughts, but it's not just a problem for farmers. Let's break down how this dry spell could lead to serious issues with wildfires, water damage, and even food prices—and what it means for your insurance coverage.
A new analysis from catastrophe modeler Karen Clark & Co. paints a sobering picture. A 1-in-100-year hurricane hitting New York City could trigger over $100 billion in insured losses, a figure that would shake the entire industry.
Travelers just posted a fantastic first quarter, and it's not just luck. We're breaking down how disciplined underwriting and a calmer catastrophe season led to a major profit boost for the insurance giant.