Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Texas Wind Pool Claims Add Up as New Tropical Storm Develops,
Aug 26 2008 // With hurricane season halfway over for 2008, Louisiana has so far dodged the bullet but Texas has taken on two warning shots with Hurricane Dolly and Tropical Storm Edouard. As hurricanes and tropical storms go, neither...
AP: New Orleans Repeating Deadly Levee Mistakes
Aug 25 2008 // Signs are emerging that history is repeating itself in New Orleans, still healing from Katrina: People have forgotten what happened after Hurricane Betsy caused catastrophic flooding four decades ago and again believe the...
Florida Insurance Regulator: Hurricane Deductible Does Not Apply
Aug 22 2008 // Florida Insurance Commissioner Kevin McCarty issued an advisory to remind Florida consumers and authorized insurers that the hurricane deductible of their homeowner’s policy does not apply at this time —...
Update: Tropical Storm Fay Hangs on to Status, Stays in Florida
Aug 22 2008 // Tropical Storm Fay continues slowly westward across the northern Florida peninsula while tropical storm warnings remain in effect throughout the region, into the panhandle and north through Georgia to the South Carolina...
Study Finds Economic Costs of Federal Cat Legislation Burdensome
Aug 22 2008 // Natural catastrophe legislation passed by the U.S. House of Representatives and pending in the U.S. Senate would create a multi-billion dollar burden on taxpayers in at least 20 states, according to a new study released...
State Ranking In Number of Events
Aug 21 2008 // F5 Tornado damage in Parkersburg, Iowa, May 25, 2008. Tornado damage, Windsor, Colo. Prior to 1990, the average number of tornadoes per year in the Continental US was 772. In the period from 1990 through 2007, the average...
Tornado Threats Loom Large as Flood Waters Recede
Aug 21 2008 // Kansas had 1,616 tornadoes, 11 of them were F4 tornadoes and nine were categorized as F5. … The number of tornadoes reported has gone up over 50 percent. Much has been written in the last six weeks about the 2008...
Obtaining Optimal Catastrophe Coverage
Aug 21 2008 // The complexity of the cat insurance market can make it difficult to keep pace with the coverage options. In the midst of hurricane season, insurance agents and brokers are reminded of the need for forward-thinking...
5 Florida Regions Among Top 10 Tornado-Prone
Aug 21 2008 // The rural area to the northeast of Denver, Colo., tops the nation when it comes to regions most prone to tornados, according to Boston-based CDS Business Mapping LLC, an online hazard mapping firm. The top 10 most tornado...
Japan: Risk and Rewards
Aug 21 2008 // In Japan, agencies write 93 percent of P/C insurance. The Japanese property and casualty insurance market is ripe for opportunities, but there also are significant risks in the country, according to Keiji Fukasawa of...
Obtaining Optimal Catastrophe Coverage
Aug 21 2008 // The complexity of the cat insurance market can make it difficult to keep pace with the coverage options. In the midst of hurricane season, insurance agents and brokers are reminded of the need for forward-thinking...
Cleaning Up After Hurricane Katrina
Aug 21 2008 // In both Mississippi and Louisiana, the principal argument in support of the alleged ambiguity was that the flood waters during Hurricane Katrina were pushed ashore by wind, a covered peril, and the flood exclusion did not...
Colorado Ranks High on Tornado Charts
Aug 21 2008 // Tornadoes are usually classified using the Fujita Tornado Scale, or FScale developed by Dr. T. Theodore Fujita at the University of Chicago in 1971, CDS said. Using FScale classifications, the study looked at whether there...
Majority of California Wildfires Contained, 100 Homes Destroyed
Aug 21 2008 // The California wildfires, with smoke drifting out to the Pacific Ocean (L), are seen in this NASA satellite image released July 9, 2008. REUTERS/NASA/Handout (UNITED STATES). More than 1,400 fires that burned as part of...
Obtaining Optimal Catastrophe Coverage
Aug 21 2008 // The complexity of the cat insurance market can make it difficult to keep pace with the coverage options. The savvy wholesale broker keeps tabs on which surplus lines insurers have the appropriate capacity for In the midst...
By Charles E. Boyle
Aug 21 2008 // From Novelty to Necessity: Bermuda’s Insurance Market 2008 Bermuda’s insurance industry has grown steadily since it began 50 years ago. It is now a mature market, and, in certain sectors – natural...
Fay Sits on Florida, Brings Heavy Rainfall
Aug 20 2008 // As of 8 a.m. the National Weather Service said Tropical Storm Fay was centered near Cape Canaveral and headed slowly in a northerly direction. A tropical storm warning remains in effect from north of Jupiter Inlet,...
Taiwan Issues Warning for Typhoon Nuri
Aug 20 2008 // Taiwan has issued a warning for ships traveling through its southern waters Tuesday as Typhoon Nuri approached the island. Nuri’s center was located about 466 miles (740 kilometers) southeast of Taiwan’s...
Tropical Storm Fay Reaches Florida, Fails to Reach Hurricane Status
Aug 19 2008 // Tropical Storm Fay remained at tropical storm status when it arrived on Florida’s mainland. As of 8 a.m. EDT (Aug. 19), Fay’s center was north of Immokalee and about 20 miles south of LaBelle and moving toward...
Risk Modeler: Tropical Storm Fay Turned East Sooner than Expected
Aug 19 2008 // According to catastrophe risk modeling firm AIR Worldwide, Tropical Storm Fay took an eastward turn sooner than expected and made landfall at Cape Romano, Florida, on Aug. 19 at around 5 a.m. EDT. “Landfall was along...
