Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Uncertainty Pervades the Terrorism Insurance Market
Mar 8 2010 // Threats Rise and TRIA Funding Comes Under Attack The threat of terrorism in the United States is rising, but the future of the Terrorism Risk Insurance Act (TRIA) is in question. At a time when top U.S. officials warn of...
Uncertainty Pervades the Terrorism Insurance Market
Mar 7 2010 // As Threats Rise, TRIA Funding Comes Under Attack The threat of domestic terrorism is rising, but the future of the Terrorism Risk Insurance Act (TRIA) is in question. At a time when top U.S. officials warn of an imminent...
Uncertainty Pervades the Terrorism Insurance Market
Mar 7 2010 // Threats On Rise and TRIA Funding Faces Possible Cutback; Standalone Market Could Gain The threat of terrorism in the U.S. is rising but the future of the Terrorism Risk Insurance Act (TRIA) is in question. At a time when...
Florida Cabinet Delays Hurricane Fund Assessments
Mar 7 2010 // The Florida Hurricane Catastrophe Fund needs $710 million to continue to pay claims still coming in from 2005’s Hurricane Wilma but it is going to have to wait to assess policyholders to get those funds. The Florida...
Hurricane Forecasters Promise Earlier Warnings
Mar 7 2010 // The National Hurricane Center has vowed it will begin issuing storm watches and warnings about half a day sooner in the biggest change to its warning system in decades. When a storm is approaching land, forecasters will...
Texas Catastrophic Weather Losses Totaled $2.5B in 2009
Mar 7 2010 // Texas in 2009 experienced weather catastrophes that resulted in more insured losses than any other state. Texas experienced 10 weather catastrophes in 2009 that caused nearly $2.5 billion in losses. The next highest state...
Terrorism and Intentional Acts: Austin Plane Crash Raises Coverage Questions
Mar 7 2010 // IRS Worker’s Widow Files Suit to Determine Insurance Coverage Austin, Texas, Police Chief Art Acevedo stopped short of calling the crashing of a small plane into a commercial office building in northwest Austin on...
A ‘Great Earthquake’ Strikes Chile; Insurance Doesn’t Pose Systemic Risks to the Economy; Berkshire Buys More Munich Re
Mar 7 2010 // February was a short month, but a deadly one. In addition to a massive earthquake in Chile, the Northeastern U.S. was hit by three blizzards; floods and mudslides ravaged the Portuguese island of Madeira and beleaguered...
Magnitude 6.4 Earthquake Shakes Taiwan; AIR, EQECAT Analysis
Mar 5 2010 // Catastrophe risk modeling firms AIR Worldwide and EQECAT have both issued bulletins analyzing the magnitude 6.4 earthquake that struck south central Taiwan Thursday morning at 8:20 a.m. local time. AIR noted that the...
Countries Raise Security in Malacca Strait after Terror Warning
Mar 5 2010 // Malaysia and Indonesia said on Thursday they are stepping up security in the Strait of Malacca, one of the world’s busiest shipping lanes, following the Singapore navy’s warning of possible attacks on oil...
Fitch Sees Chile Quake Losses Unlikely to Impact P/C Insurance Ratings
Mar 5 2010 // Based on preliminary analysis, Fitch Ratings said it believes that the Chilean P/C insurance industry “will likely be able to absorb losses from the earthquake and Tsunami that hit the central-south part of Chile on...
Maritime Terrorism Could Have Global Economic Impact
Mar 5 2010 // Singapore said on Friday it had raised alert levels in the city-state and beefed up security at its airport and new casino resorts after a warning of possible attacks on oil tankers in the Malacca Strait. [See IJ web site...
AIR Updates Analysis of Damages from Chile Earthquake
Mar 4 2010 // According to catastrophe risk modeling firm AIR Worldwide, a more complete picture of damages is beginning to emerge in the hardest-hit regions of Bio Bio and Maule, four days after the devastating Mw8.8 earthquake struck...
I.I.I.’s Hartwig Contrasts Impact of Chilean, Haitian Earthquakes
Mar 3 2010 // Why was he death toll over 200,000 when an earthquake struck Haiti, while so far less than 1000 people have died from the one that struck Chile, which was approximately 500 times more powerful? One of the answers lies in...
AIR Estimates Windstorm Xynthia Insured Losses at $2 to $4.1 Billion
Mar 3 2010 // Catastrophe risk modeling firm AIR Worldwide has estimated that insured losses in France, Belgium, Germany, and Netherlands from winter storm Xynthia will be between €1.5 billion and €3 billion [$2 to $4.1...
Windstorm Xynthia Leaves a Trail of Destruction; RMS Analysis
Mar 2 2010 // Windstorm Xynthia, which swept across Western Europe on Saturday and Sunday, [See IJ web site – https://www.insurancejournal.com/news/international/2010/03/01/107736.htm] left a lot of damage in its wake. The storm...
Catastrophe Firms Analyze, Estimate Losses from Chilean Quake
Mar 2 2010 // Catastrophe modeling firms Air Worldwide, Risk Management Solutions and EQECAT have all released preliminary analysis and estimates of the economic and the insured losses from the devastating 8.8 magnitude earthquake that...
Nevada Insurance Division Offers Earthquake Coverage Guide
Mar 2 2010 // Nevada may be the third most-active state for earthquakes after California and Alaska, but most homeowners don’t purchase earthquake insurance coverage. earthquake country, but what many people In light of Nevada...
Some Scientists Defend Tsunami Warnings
Mar 2 2010 // The warning was ominous, its predictions dire: Oceanographers issued a bulletin telling Hawaii and other Pacific islands that a killer wave was heading their way with terrifying force and that “urgent action should...
‘Great Earthquake’ Strikes Chile; 700 Dead; 2 Million Affected
Mar 1 2010 // One of the strongest earthquakes ever recorded struck the central coast of Chile early Saturday morning, February 27. The U.S. Geological Survey (USGS) measured the magnitude at 8.8 with severe “shaking...
