Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Hurricane Recovery Jobs Remain in Louisiana as Funding Drops
Aug 1 2011 // Louisiana is winding down its hurricane recovery programs, but Gov. Bobby Jindal’s administration hasn’t cut much of the staff assigned to the work, even as other agencies across state government have faced...
Allstate Reports High Catastrophe Losses, Increased Revenues for Q2
Aug 1 2011 // Allstate Corp. reported improved underlying profitability across all business lines for the second quarter quarter, but those gains were more than offset by $2.3 billion in record second quarter catastrophe...
Waffle House Serves Up Lessons in Risk Management
Aug 1 2011 // What can Waffle House teach about disaster preparedness and risk management, especially in the wake of this spring’s devastating tornadoes? Plenty, says a supply chain expert at Olin Business School, Washington...
Tropical Storm Don Expected to Hit South Texas Coast Overnight
Jul 29 2011 // A tropical storm warning remains in effect for the Texas coast from Matagorda Island to the mouth of the Rio Grande River. The National Hurricane Center expects Tropical Storm Don to make landfall on the south Texas coast...
PartnerRe Comments on Financial Impact of Q2 Losses
Jul 28 2011 // Bermuda-based PartnerRe Ltd. has provided information on the net impact of catastrophe-related large losses affecting second quarter 2011 results. Significant losses, related to the tornadoes that struck the U.S. in April...
Forecasts for 2011 Atlantic Hurricane Season Largely Unchanged
Jul 28 2011 // Forecasters at Weather Services International stuck with their earlier prediction that the 2011 Atlantic hurricane season would bring 15 tropical storms, with eight of those growing into hurricanes. Four of those were...
Tropical Storm Warning Issued for Texas Coast
Jul 28 2011 // The National Hurricane Center has issued tropical storm warnings and watches for areas along the Texas coast after the formation of Tropical Storm Don just north of Mexico’s Yucatan peninsula. As of 10 a.m. on July...
Aon Benfield Guide: All You Need to Know on Volcanoes, Landslides, Tsunamis
Jul 26 2011 // The Aon Benfield UCL Hazard Centre has launched an introductory guide -“Getting to Grips with Non-Modelled Perils” – on volcanoes, landslides and tsunamis, which highlights the important characteristics...
AIR Expands Atlantic Basin Tropical Cyclone Models to Central America
Jul 25 2011 // Catastrophe risk modeling firm AIR Worldwide announced the release of its Central America tropical cyclone model. “The new model covers Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and...
Huge Bomb Blast Hits Oslo; Terrorists Suspected
Jul 22 2011 // A powerful explosion caused extensive damage to government buildings in the Norwegian capital Oslo. At least two people have reportedly been killed by the blast and 15 have been injured. Rescue teams, hampered by fires,...
Catastrophes Take Toll on EMC Insurance Group’s Q2 Results
Jul 22 2011 // EMC Insurance Group Inc., based in Des Moines, Iowa, announced that second quarter 2011 operating results will be negatively impacted by a record amount of catastrophe losses. It expects to report a second quarter 2011...
Moody’s Affirms California Earthquake Authority Bonds
Jul 22 2011 // Moody’s Investors Service has affirmed the A3 rating on the California Earthquake Authority’s (“CEA”) 6.169% fixed rate Series 2006-B revenue bonds (mature July 20, 2016) and changed the rating...
Texas Gov. Signs Windstorm Bill, Measure Affecting Surplus Lines
Jul 21 2011 // Legislative measures passed during the special session of the 82nd Legislature that impact the insurance industry in Texas have been signed by the governor. On July 19, Gov. Rick Perry signed Senate Bill 1 and Senate Bill...
Travelers Posts Q2 Loss with $1 Billion in Tornado Costs
Jul 21 2011 // Travelers Cos. Inc. reported a second-quarter loss, missing analysts’ estimates by a huge margin as the property insurer suffered more than $1 billion in catastrophe losses from record-breaking tornadoes in April and...
Tropical Storm Ma-On Makes Landfall, Heavy Rains in Southern Japan
Jul 20 2011 // According to catastrophe modeling firm AIR Worldwide, Tropical Storm Ma-On made landfall in southern Tokushima Prefecture on Shikoku Island late Tuesday night local time. Dr. Peter Sousounis, principal scientist at AIR...
Hailstorms Result in 50,000 Claim Filings in Colorado, Wyoming
Jul 20 2011 // Mother Nature wrecked havoc along the Front Range and southeastern Wyoming last week — again living up to the region’s weather reputation as “hail alley.” The Rocky Mountain Insurance Information...
Indonesia’s Mount Lokon Volcano Erupts Twice
Jul 19 2011 // An Indonesian volcano spewed hot gases and ash in two eruptions on Monday that show high and unpredictable activity from the volatile mountain, experts said. The second blast at Mount Lokon was the larger of the two...
7,500 Earthquakes Shake Resolve in Christchurch, New Zealand
Jul 19 2011 // It’s been 10 months since the first big earthquake struck New Zealand’s second-largest city. It’s been nearly five months since a far more devastating one killed 181 people and crippled the downtown. And...
What the Waffle House Can Teach About Managing Supply Chain Risk
Jul 19 2011 // What can Waffle House teach about disaster preparedness and risk management, especially in the wake of this spring’s devastating tornadoes? Plenty, says a supply chain expert at Olin Business School, Washington...
Typhoon Ma-On Nears Japan
Jul 18 2011 // According to catastrophe modeling firm AIR Worldwide, Category 2 Typhoon Ma-On (local name Ineng) is currently about 885 kilometers (550 miles) southwest of Tokyo. The storm packs winds with gusts up to 157 km/h (98 mph)....
