Natural Disasters News

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Neptune Insurance Holdings Inc. (“Neptune” or the “Company”) (NYSE: NP), the parent company of Neptune Flood Incorporated, today reported revenue of $44.4 million for the third quarter of 2025, up 31.2% from the third quarter of 2024. The Company reported net income of $11.5 million and Adjusted EBITDA of $26.7 million. Adjusted EBITDA increased 28.6% compared to the same period in 2024. Third Quarter 2025 Highlights Third quarter Revenue growth of 31% to...

BOSTON--(BUSINESS WIRE)--ShoreOne Insurance Managers, Inc. has officially launched its residential homeowners policy with full flood insurance protection in Rhode Island. This first-of-its-kind coverage simplifies protection for coastal homeowners by combining both home and flood insurance under one policy—with one deductible and one streamlined claims process. The product, already available in New Jersey, New York, South Carolina, and Massachusetts, addresses a long-standing gap in the market...

BOSTON--(BUSINESS WIRE)--Karen Clark & Company (KCC) is pleased to announce the release of the US Severe Convective Storm (SCS) Model Version 4.0. The new model expands on the advanced physical modeling techniques KCC has introduced for this most important emerging peril. SCS losses dominate annual weather-related insured property losses in the US. The older catastrophe modeling technology still used by many reinsurers and ILS investors does not provide credible loss estimates for severe co...

SAN FRANCISCO--(BUSINESS WIRE)--kWh Analytics, the market leader in Climate Insurance, today announced the release of its inaugural Resilient Power Report, a compilation of case studies highlighting the resilience of renewable energy assets when intelligent engineering, proactive operational strategies, and collaborative risk management are implemented throughout the entire value chain. The Resilient Power Report was created as a companion piece to kWh Analytics’ widely read annual Solar Risk A...

SAN DIEGO--(BUSINESS WIRE)--FutureProof Technologies, the venture-backed insurtech revolutionizing property insurance through AI-driven underwriting, today announced that it has entered into a definitive agreement to acquire Terrafuse AI, a leading provider of wildfire risk analytics. This strategic acquisition combines Terrafuse's patented wildfire prediction technology with FutureProof's AI-enabled underwriting and pricing platform. This creates a comprehensive platform for offering next-gene...

LOS ANGELES--(BUSINESS WIRE)--Steadfast LA, in partnership with Banc of California, distributed a second round of small business recovery grants through its Small Business Initiative, awarding a total of $400,000 to ten cornerstone businesses in Altadena, Malibu, Pasadena, and the Pacific Palisades to help them reopen, restore jobs, and bring a sense of normalcy back to their communities. When combined with the first round of grants, this initiative has now disbursed $525,000 in direct support...

YORBA LINDA, Calif.--(BUSINESS WIRE)--The Metropolitan Water District of Southern California and the Yorba Linda Water District celebrated today the dedication of a new helicopter hydrant at the Robert B. Diemer Water Treatment Plant – providing firefighters a new, strategically located water source for aerial fire suppression. More than 100 community stakeholders and dignitaries attended the dedication ceremony, highlighting a shared appreciation and commitment to wildfire preparedness, region...

SEATTLE--(BUSINESS WIRE)--Flood-prone America is losing more residents than it’s gaining for the first time since 2019, according to a new report from Redfin, the real estate brokerage powered by Rocket. High-flood-risk counties saw 29,027 more people move out than in last year. By comparison, low-flood-risk counties saw 35,941 more people move in than out—the largest gain since 2019. Major hubs in coastal Florida, Texas, New York and Louisiana were driving forces behind the national net outflo...

YORBA LINDA, Calif.--(BUSINESS WIRE)--Metropolitan Water District of Southern California: WHAT: Metropolitan Water District and Yorba Linda Water District, in collaboration with Orange County Fire Authority, will inaugurate and demonstrate a new strategically located fire-fighting facility that they have partnered to build in Orange County. The Diemer Helicopter Hydrant facility will allow fire authorities to save critical time and more effectively fight wildfires by providing a quick-fill wate...

HOUSTON--(BUSINESS WIRE)--Mutualink, a leader in secure communications for public safety and critical infrastructure agencies, today announced a strategic partnership with Rescue 42, a California-based manufacturer renowned for its rugged, deployable emergency response equipment. This partnership brings Mutualink’s Go-Kit, a portable self-contained field communications kit, under a 100% American-made manufacturing and fulfillment model, dramatically improving production and availability. The Ne...