Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
UK Insurers Already Banned from Paying Ransoms to Terrorist Organizations
Nov 25 2014 // The UK Government’s proposal to ban the payment of ransoms by insurers to terrorist organizations, which will be officially presented to Parliament tomorrow, is in fact already inscribed in law, not only by the UK,...
Quiet Atlantic Hurricane Season Coming to End
Nov 24 2014 // The Atlantic hurricane season will officially end November 30, and will be remembered as a relatively quiet season as was predicted, according to weather scientists at the National Oceanic and Atmospheric Administration...
UK Anti-Terrorism Proposal Would Clarify Insurance Law on Ransom Payments
Nov 24 2014 // The U.K. government will introduce anti-terrorism legislation this week requiring internet companies to provide user data to authorities. The bill, to be published on Nov. 26 and fast-tracked through Parliament so it...
How Carriers Are Handling Property Cat Renewals, Terrorism, Ebola: NAPCO
Nov 21 2014 // Property/catastrophe insurers have been focused on winning new business, which means new customers are seeing bigger price cuts, according to a market report from a wholesale broker specializing in catastrophe risk...
Kansas Agents See Increased Demand for Earthquake Insurance
Nov 17 2014 // Kansas insurance agencies say they’ve been flooded with queries about earthquake coverage after the 4.8 magnitude temblor on Nov. 12. “We have been getting calls all day,” Matt Woodall, who works at a...
4.8 Mag Earthquake Shakes Parts of Kansas, Oklahoma
Nov 14 2014 // An earthquake with a preliminary magnitude of 4.8 shook parts of Kansas and Oklahoma on Nov. 12, the largest since a series of temblors began rattling Kansas a little more than a year ago. The quake’s epicenter was...
North Atlantic Hurricanes Can Have Big Impact in the Midwest
Nov 13 2014 // Located hundreds of miles inland from the nearest ocean, the Midwest is unaffected by North Atlantic hurricanes. Or is it? With the Nov. 30 end of the 2014 hurricane season just weeks away, a University of Iowa researcher...
Experts: Eastern Colorado Wildfires Likely to Start on Private Lands
Nov 13 2014 // Fires ignited on private lands pose the most significant wildfire threats to populated areas on the eastern-facing range of the Colorado Rocky Mountains, according to risk analysts who used extensive evidence regarding a...
Catlin Group Interim Report Shows 11% Hike in Gross Premiums Written
Nov 13 2014 // Catlin Group Limited, the Bermuda-based specialty property & casualty insurer and reinsurer, has issued its interim management statement for the nine-month period ended September 30, 2014, which shows premiums reported...
Cyber Attacks, Terrorism Are Top Emerging Risks for 2015: Guy Carpenter
Nov 12 2014 // Cyber attacks and terrorism are ranked among the top emerging risks concerning the (re)insurance industry in the year ahead, according to a survey released by Guy Carpenter & Co. According to the findings, new...
U.S. Veterans Sue Banks, Allege Money Scheme Aided Terrorists
Nov 12 2014 // Wounded U.S. veterans and family members of U.S. soldiers killed in Iraq sued five European banks on Monday, seeking to hold them responsible for shootings and roadside bombings because they allegedly processed Iranian...
Katrina, Rita Flood Settlement Letters Mailed Out in Louisiana
Nov 11 2014 // Letters are going out this week to residents and businesses in New Orleans, St. Bernard Parish and the east bank of Jefferson Parish notifying them they could receive payments ranging from $1 to $463 for flood damage...
4.1 Magnitude Earthquake Recorded in Oklahoma
Nov 11 2014 // The U.S. Geological Survey has recorded a 4.1 magnitude earthquake near Stillwater, Okla. The USGS says the earthquake was recorded at 2:10 p.m. Sunday five miles southwest of Stillwater, about 45 miles northeast of...
Desktop Hurricane Tool Shows Storm Risk in Neighborhoods
Nov 7 2014 // When a hurricane comes ashore, there are so many dangers: tree-snapping winds, torrential downpours and even tornadoes spawned by the tempest itself. But it’s the wall of water that tropical systems push onto land,...
Swiss Re Net Income Rises 14%, Supported by Lower Catastrophe Losses
Nov 7 2014 // Swiss Re AG, the world’s second- biggest reinsurer, said third-quarter profit rose 14 percent, beating analysts’ estimates, following lower-than-expected losses from natural catastrophes. Net income rose to...
U.S. Attorney: Hurricane Katrina Fraud Complaints Still Coming In
Nov 6 2014 // Hurricane Katrina generated more than 30,000 fraud complaints and agencies still receive complaint calls relating to the 2005 storm, according to Walter Green, U.S. Attorney for the Middle District of Louisiana. Green,...
Impact Forecasting: Costs of Tropical Cyclones Up for Non-U.S. Exposures
Nov 6 2014 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, released the latest edition of its monthly Global Catastrophe Recap report, which reviews the natural disaster perils that...
Hannover Re 3rd Quarter Profit Rises 21% on Benign Hurricane Season
Nov 5 2014 // Hannover Re, the world’s third- biggest reinsurer, said third-quarter profit rose 21 percent, helped by a benign U.S. hurricane season and higher income from investments. Net income rose to 251 million euros ($315...
State Auto Financial Reports $11.9M Net Income in Q3 2014
Nov 4 2014 // Columbus, Ohio-based State Auto Financial Corp. reported third quarter 2014 net income of $11.9 million, or $0.28 per diluted share, versus net income of $18.5 million, or $0.45 per diluted share, for the third quarter of...
Texas Windstorm Insurance Association Expert Panel to Meet
Nov 4 2014 // The Texas Department of Insurance announced that the Texas Windstorm Insurance Association expert panel will hold a public meeting on Nov. 12 to discuss the progress of the panel’s work thus far. Attendees will have...
