Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
PERILS Updates Windstorm Andrea Loss Estimate to $422 Million
Jul 5 2012 // Swiss-based consulting firm PERILS has issued its third loss report for windstorm Andrea, which affected the UK and Western Europe in January 2012. The updated property market loss estimate for Andrea is €337 million...
CEA Unveils Homeowners Choice Earthquake Coverage Product Line
Jul 3 2012 // As of July 1, 2012, the California Earthquake Authority (CEA) is offering its new Homeowners Choice product line. The new product will give residents greater control over their earthquake insurance premium and the ability...
Colorado’s Historic Wildfire Season Could Cost ‘Hundreds of Millions’
Jul 2 2012 // Insured losses from two wildfires in what’s shaping up to be a historic wildfire season for Colorado may be into the “hundreds of millions of dollars,” an insurance industry association executive said on...
P/C Industry Should Not Expect Traditional Hard Market Soon: Hartwig
Jul 2 2012 // Although insurance rates have been drifting upward in recent months, the property/casualty industry is unlikely to see a return to the traditional hard market this year or next, an insurance expert told reinsurance...
Dallas Hailstorm Loss Estimated at Nearly $1B
Jul 2 2012 // Insured losses from violent hailstorm in Dallas in mid-June should be just under $1 billion, a trade group for Texas insurers said. That amount is sharply less than what another industry trade group previously...
Businesses Balk at South Carolina Hurricane Plan
Jul 2 2012 // Hotel owners and tourism promoters along South Carolina’s Grand Strand are concerned about new hurricane evacuation plan that includes areas not previously part of such plans. Under the plan, if the governor orders...
Habitat Plans Building Blitz in Indiana Tornado Zone
Jun 29 2012 // Habitat for Humanity organizers are planning a construction blitz to build 19 new houses for southern Indiana families who lost their homes in the tornadoes that struck in March. The group hopes to recruit about 3,000...
Second Colorado Wildfire Makes for ‘Unprecedented’ Season
Jun 27 2012 // Following a fire that forced the evacuation of more than 32,000 people, Colorado continues to be plagued with an “unprecedented” wildfire season that’s shaping up to yield high-dollar values in terms of...
Colorado’s Early June Storms Among State’s Most Costly
Jun 27 2012 // New insurance claim estimates from the hail, wind and flooding that wreaked havoc on June 6 from South Denver down to Colorado Springs and again on June 7 in Northern Colorado and the Eastern Plains made it the...
North Texas Has Another Minor Earthquake
Jun 27 2012 // Texas has had another minor earthquake. The U.S. Geological Survey says a 2.6 magnitude quake happened around 4 a.m. on June 26 in North Texas. Experts say the quake was centered about 1 mile south of Alvarado. The area is...
P/C Insurers Profits Rose to $10.1B in Q1
Jun 27 2012 // Private U.S. property/casualty insurers’ net income after taxes rose to $10.1 billion in first-quarter 2012 from $7.8 billion in first-quarter 2011, with insurers’ overall profitability as measured by their...
UK’s MI5 Chief Talks about Threats before Olympic Games
Jun 27 2012 // Britain has seen a credible terrorist attack plot about once a year since the Sept.11 attacks – a worrying pattern as security officials brace for an array of threats ahead of next month’s summer Olympics, the...
Tropical Storm Debby Makes Landfall in Florida Near Steinhatchee
Jun 26 2012 // Tropical Storm Debby made landfall near Steinhatchee, Florida on Tuesday, the U.S. National Hurricane Center said. It is the first tropical storm of 2012 to form in the Gulf of Mexico. “Debby is expected to weaken to...
Monsoons Bring Hope, Caution to Wildfire Stricken Western States
Jun 26 2012 // Monsoons are about the only thing right now that could bring much needed relief to wildfire-plagued Western states like Colorado and New Mexico, which are both on track to have fire seasons on a historic level – although...
Tropical Storm Debby Tracking Slowly Towards Florida’s West Coast: AIR
Jun 26 2012 // According to catastrophe modeling firm AIR Worldwide, as of 8 a.m. today, Tropical Storm Debby was still a weak tropical storm on the Saffir-Simpson Hurricane Wind Scale, but it was drenching northern Florida and parts of...
FEMA to Floridians, Visitors: ‘Take Debby Seriously’
Jun 26 2012 // The Federal Emergency Management Agency (FEMA) and its federal partners said they continue to monitor and work closely with states potentially affected by Tropical Storm Debby, including Florida, Georgia, Mississippi,...
RMS Update on Tropical Storm Debby in Florida
Jun 26 2012 // Catastrophe modeling firm Risk Management Solutions (RMS) issued the following update on Tropical Storm Debby this morning, Tuesday, June 26: Over the last 24 hours, Tropical Storm Debby (located over the northeast Gulf of...
P/C Industry Should Not Expect Traditional Hard Market Soon: Hartwig
Jun 26 2012 // Although insurance rates have been drifting upward in recent months, the property/casualty industry is unlikely to see a return to the traditional hard market this year or next, an insurance expert told reinsurance...
Tropical Storm Debby Drenches Florida
Jun 26 2012 // Tropical Storm Debby whipped Florida with bands of drenching rain Monday while its center was nearly stationary in the Gulf of Mexico. Its slow progress meant the most pressing threat from the storm was flooding, not...
Trade Group: 70K Vehicles Damaged in Dallas Area Hailstorm
Jun 25 2012 // Approximately 70,000 vehicles were damaged in the June 13 hailstorm in the Dallas, Texas, area and car rental companies are feeling the pinch, according to an insurance industry trade group. Car rental companies are...
