Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Reinsurers Under Pressure in Monte Carlo
Sep 5 2008 // Darker economic clouds are gathering over the world’s reinsurers as they travel to the Mediterranean coast this weekend to kick-off crucial pricing discussions with their insurance clients in Monte Carlo. Reinsurers...
Ike on Deck, Florida Gov. Declares Statewide Emergency
Sep 5 2008 // In what has developed into a proactive preparedness pattern, Florida Gov. Charlie Crist announced another in a series of emergency declarations in the face of oncoming hurricanes and tropical storms — this time in...
Hanna Heading for U.S. – Ike Now a Category 4 Hurricane
Sep 4 2008 // Tropical storm Hanna is on the verge of regaining hurricane strength, as it slowly approaches the U.S. mainland. The latest update from Miami’s National Hurricane Center indicates that “maximum sustained winds...
Hurricane Ike Strengthens Rapidly; Hanna Expected to Hit U.S. Saturday
Sep 4 2008 // Hurricane Ike strengthened rapidly into a fiercely dangerous Category 4 hurricane in the open Atlantic Wednesday and Tropical Storm Hanna intensified to a lesser degree as it swirled over the Bahamas toward the southeast...
AIR Analyzes Atlantic Hurricane Activity
Sep 3 2008 // According to catastrophe risk modeling firm AIR Worldwide, storm development in the tropical Atlantic was even more active on Tuesday than it was on Monday. AIR noted that “shortly after Gustav came ashore in...
Hurricane Gustav Surge Floods Mississippi Casino
Sep 3 2008 // The ground floor of the Hard Rock Hotel and Casino on Biloxi’s casino row was flooded during the storm surge from Gustav and wind-whipped water continued to splash into its parking garage on the afternoon of Sept....
S&P, Best: Gustav’s Impact Minimal – But Storm Losses are Cumulative
Sep 3 2008 // Both Standard & Poor’s Ratings Services and A.M. Best have issued statements following the passage of Hurricane Gustav, which indicate that the storm’s impact on the industry will not be nearly as severe...
USAA Responding to Hurricane Gustav in Louisiana
Sep 3 2008 // A team of 350 catastrophe adjusters and support personnel with USAA are headed to areas of Louisiana affected by Hurricane Gustav. The company’s catastrophe headquarters are planned for Baton Rouge and two satellite...
Gustav only Sideswipes New Orleans
Sep 3 2008 // New Orleans can get back to its comeback. Traumatized after losing their homes when Hurricane Katrina’s floodwaters broke through the levees that protect this city, Hurricane Gustav ended up a mere interruption in...
Missouri National Guard Travels to Louisiana After Hurricane Gustav
Sep 3 2008 // After more than 24 hours on road, a 25-vehicle convoy from the Missouri National Guard arrived on Monday, September 1 in northern Louisiana only hours after Hurricane Gustav hit land farther south, skirting much of New...
N. D. Crews to Provide Hurricane Aid
Sep 2 2008 // Some North Dakotans are heading to the Gulf Coast, to provide help in areas hit by Hurricane Gustav. Randy Fischer with Ringdahl EMS says ambulances and emergency response personnel from Jamestown and Lisbon are part of a...
Goodbye Gustav…Hello Hanna, Ike and Josephine
Sep 2 2008 // The good news is that Hurricane Gustav has been downgraded to a Tropical Depression as it moves slowly across northwest Louisiana. The bad news is that Tropical Storms Hanna, Ike and Josephine are gaining speed, according...
Analyst Sees Gustav Insured Loss Coming In Below Early Estimates
Sep 2 2008 // Hurricane Gustav could trigger insurance claims of up to $10 billion, according to early computer-modeled estimates of damage from the storm, but at least one analyst thinks the final tab could be lower. Gustav, which made...
Hanna Becomes Hurricane Then Stalls; Heads for Georgia, South Carolina
Sep 2 2008 // According to catastrophe risk modeling firm AIR Worldwide, storm development in the tropical Atlantic was even more active on Tuesday than it was on Monday. Shortly after Gustav came ashore in Louisiana on Monday, Hanna...
Gustav Insurance Losses Significant but ‘Manageable,’ Less than Katrina’s
Sep 2 2008 // Hurricane Gustav, which came ashore southwest of New Orleans on Monday morning, is expected to trigger significant insurance claims but far less than record-setting Katrina did three years ago. “This is a...
As Gustav Winds Down, New Orleans Eyes Damage
Sep 2 2008 // A still-largely deserted New Orleans Tuesday prepared to take stock of damage from Hurricane Gustav after rebuilt levees appeared to hold off a repeat of the flooding caused by Katrina three years earlier. Gustav roared...
Gustav Impact Limited But Losses from Moderate Catastrophes Add Up
Sep 2 2008 // Gustav may not wallop the property/casualty insurance industry the way Katrina did but there is still concern in insurance and reinsurance circles over the continued pile-up of catastrophe losses. Standard &...
U.S. Chemical Makers Report Minimal Hurricane Gustav Damage
Sep 2 2008 // Major chemical makers in the U.S. said Tuesday that initial inspections indicate only slight damage to those facilities that were affected by Hurricane Gustav, but companies are still uncertain about when production is...
Estimate of Insured Losses from Gustav Between $2 and $4.5 Billion
Sep 2 2008 // One risk modeling firm estimates that insured losses to onshore properties in the U.S. are between $2 billion and $4.5 billion, with an expected loss of $3 billion due to Hurricane Gustav. According to AIR Worldwide...
Fire Crews Respond to Wildfire South of Lake Tahoe
Sep 2 2008 // Fire crews are battling a fast-moving wildfire that broke out Sunday afternoon south of Lake Tahoe and that has forced the evacuation of campgrounds, resorts and homes in the area. Fire information officer Mark Struble...
