Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Tomas Regains Hurricane Strength; Soaks Haiti Refugee Camps
Nov 5 2010 // Tropical Storm Tomas re-strengthened to a hurricane Friday as it headed between Cuba and Haiti, drenching with overnight rain crowded tent and tarpaulin camps housing vulnerable Haitian earthquake survivors. Although some...
Swiss Re Structures $386 Million ‘European Windstorm’ Notes
Nov 3 2010 // Swiss Re’s Capital Markets Division has structured €275 million [$386 million] in notes as an alternative risk transfer vehicle, covering European windstorm events, for AXA Global P&C’s Calypso Capital...
The Hartford Boosts Profits in Q3
Nov 3 2010 // The Hartford Financial Services Group, Inc. reported third quarter 2010 net income of $666 million. This compares to the company’s third quarter 2009 net loss of $220 million. The Hartford reported core earnings for...
State Auto Reports Drop in Income, Higher Combined Ratio in Q3
Nov 2 2010 // State Auto Financial Corp., headquartered in Columbus, Ohio, reported third quarter 2010 net income of $0.2 million, or $0.00 per diluted share, versus net income of $13.0 million, or $0.33 per diluted share, for the third...
Gulf Region Property Markets Still Troubled 5 Years After Katrina
Nov 1 2010 // Five years after Hurricane Katrina devastated the Gulf Coast, neither the federal government nor the private sector is any closer to developing effective solutions to the problems facing flood and windstorm insurance,...
Gulf Region Property Markets Still Troubled 5 Years After Katrina
Nov 1 2010 // Five years after Hurricane Katrina devastated the Gulf Coast, neither the federal government nor the private sector is any closer to developing effective solutions to the problems facing flood and windstorm insurance,...
Tropical Storm Shary on Track to Hit Bermuda by Tonight
Oct 29 2010 // The 8:00 a.m. AST bulletin from the National Hurricane Center in Miami placed the season’s latest tropical storm, Shary, around 220 miles (355 kms) south–southwest of Bermuda. The storm, which coalesced from a...
Californians Asked to Volunteer to Have Earthquake Sensors in Homes
Oct 29 2010 // Scientists want to know just how much shaking is going on in California house. The U.S. Geological Survey issued a request this week for volunteer homes in Southern California to host one of its earthquake sensors. The...
RenaissanceRe Q3 Net Income $204.8 Million; Operating $90.9 Million
Oct 28 2010 // Bermuda-based RenaissanceRe Holdings Ltd reported net income available to common shareholders of $204.8 million or $3.70 per diluted common share in the third quarter of 2010, compared to net income available to common...
Midwest Pummeled by Storms
Oct 28 2010 // A massive storm making its way through a big chunk of the United States brought a bit of everything: strong winds, rain, tornadoes and now even some snow for parts of the Midwest. The storm packed wind gusts of up to 81...
272 Die in Indonesia Quake, Tsunami; Aon Benfield Analysis
Oct 27 2010 // The earthquake and the subsequent tsunami, which struck the Mentawai Islands off of the Indonesian island of Sumatra has left at least 272 dead, with over 400 people still reported missing. Indonesian authorities are also...
Swiss Re is ‘Well Placed’ for Baden-Baden Renewal Discussions
Oct 25 2010 // Swiss Re has issued a bulletin noting that it is “well placed for the upcoming 2011 renewal negotiations with its European clients.” The talks, which begin this week in the German resort of Baden-Baden, bring...
Hurricane Richard Hits Belize; Could Reach Mexico’s Oil Fields
Oct 25 2010 // Hurricane Richard struck the tiny Central American nation of Belize Sunday, blowing roofs off houses and knocking out electricity as tourists and residents huddled in emergency shelters. Richard, which made landfall just...
Chubb Weathers Catastrophe Losses, Reports Q3 Profit
Oct 22 2010 // The Chubb Corp. reported that net income in the third quarter of 2010 was $572 million, compared to $596 million in the third quarter of 2009 Operating income was $537 million in the third quarter of 2010 compared to $552...
Introducing… The Florida Sinkhole Insurance Fund?
Oct 22 2010 // Will Floridians, who already support a state-backed property insurer and a catastrophe fund, support another public insurance entity for sinkhole coverage? Such a fund might be the “best way to go,” according...
TS Richard Set to Become Hurricane; Hit Yucatan
Oct 22 2010 // Tropical Storm Richard headed toward Central America Friday, triggering a hurricane watch along the Honduras-Nicaragua border, a region already hit by months of heavy rains. The 17th named storm in the Atlantic so far this...
Record 7.7M Expected to Participate in Calif. Earthquake Drill
Oct 21 2010 // More than 7.7 million people are expected to shake, drop, cover and hold on in the country’s largest earthquake drill in history. The Great California ShakeOut is an earthquake drill in which participants practice...
Southern China Braces for Super Typhoon Megi
Oct 21 2010 // Residents scrambled to stockpile food and authorities ordered ships to remain docked as southern China geared up Wednesday for a super typhoon after it killed 15 people and wiped out crops in the northern...
Home, Flood Insurance Markets Still Troubled 5 Years After Katrina
Oct 20 2010 // Five years after Hurricane Katrina devastated the Gulf Coast, neither the federal government nor the private sector is any closer to developing effective solutions to the problems facing flood and windstorm insurance,...
AIR Estimates Philippines Typhoon Insured Losses under $150 Million
Oct 19 2010 // Catastrophe modeling firm AIR Worldwide estimates that insured losses to onshore properties in the Philippines from Super Typhoon Megi will likely be less than 6.5 billion Philippine pesos ($150 million. AIR said its...
