Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Storm Ready
Jun 2 2008 // Forecasters predict that the 2008 Atlantic hurricane season will be an active one for hurricane and tropical storm formation. The National Oceanic and Atmospheric Administration’s most recent forecast calls for 12 to...
Here We Go Again
Jun 2 2008 // The odd-numbered year scenario could come as close to predicting hurricanes as hurricane forecasting experts have recently. Gulf Coast residents: It’s time to cross your fingers, pull out the old rabbit’s foot,...
Credit Woes May Cause Turbulence in Catastrophe Markets
Jun 2 2008 // Florida, Louisiana and Texas may be most at risk The credit crunch in the U.S. financial markets that boiled over due to the subprime mortgage meltdown may affect the ability of insurers and reinsurers that cover coastal...
Colorado Residents Cleaning Up After Tornadoes, Hail
Jun 2 2008 // Colorado residents affected by powerful storms that struck the northern part of the state about 80 miles north of Denver on May 22, 2008, are beginning to sort through the wreckage and pick up the pieces. According to the...
Scientists Predict $200B in Damage From Southern California Earthquake
Jun 2 2008 // The U.S. Geological Survey (USGS) and the California Geological Survey (CGS) are predicting a 7.8 magnitude earthquake in Southern California — similar to the recent earthquake in China — would kill 1,800 people,...
Storm Ready
Jun 2 2008 // Forecasters predict that the 2008 Atlantic hurricane season will be an active one for hurricane and tropical storm formation. The National Oceanic and Atmospheric Administration’s most recent forecast sees 12 to 16...
‘Garbage In, Gospel Out’
Jun 2 2008 // Catastrophe Modeling Pioneer Clark Analyzes an Industry She Helped Create Karen Clark, former CEO of AIR Worldwide, now heads her own firm Karen Clark & Co. (www.karenclarkandco.comwww.karenclarkandco.com). She made...
Starr Foundation Pledges $1 Million for China Earthquake Relief
May 30 2008 // The Starr Foundation of New York and Starr International Foundation of Switzerland have announced a joint grant to the China Charity Federation totaling $1 million for earthquake relief in China. The donation was...
Secquaero Licenses AIR Worldwide’s CATRADER to Manage Cat Bonds
May 30 2008 // AIR Worldwide Corporation announced that Secquaero Advisors Ltd., an investment specialist with a focus on insurance risk management and intermediation, has licensed CATRADER®, its software for analyzing catastrophe...
RMS Attends Chinese Regulatory Conference to Promote Data Standards
May 30 2008 // In the wake of the devastating Sichuan earthquake, representatives from The China Insurance Regulatory Commission (CIRC), Risk Management Solutions (RMS), and China’s Institute of Engineering Mechanics (IEM) met with...
FEMA Emergency Housing Options Include Pre-Fabricated Cottages
May 30 2008 // Disaster victims might one day watch their homes and communities be rebuilt from the cool comfort of a front porch. The porches are a feature of prefabricated cottages designed for Hurricane Katrina’s victims as an...
Good Time to Lock in Property Insurance Pricing, Advise Brokers
May 30 2008 // Science and technology are converging with risk management to help insurers negotiate the current hurricane season such that it’s now possible to use short-term hurricane forecasts — as few as 10 days out...
Deadly Iowa Tornado Rated State’s Strongest in 32 Years
May 29 2008 // A tornado that leveled half a town in northeast Iowa and killed seven people was the strongest to hit the state in 32 years, the National Weather Service said on May 27. The twister, three-quarters of a mile wide with...
Insured Damage from Recent Georgia Tornado Tops $40M, State Reports
May 29 2008 // State officials say damage from the tornado that hit north metro Atlanta last week now totals more than $40 million. The tornado that touched down on May 20 caused extensive damage in Cherokee, Cobb, north Fulton and...
For Emergency Planners, Hurricane Forecasts Have Limited Value
May 29 2008 // Each April, weather wizard William Gray emerges from his burrow deep in the Rocky Mountains to offer his forecast for the six-month hurricane season that starts June 1. And the news media are there, breathlessly awaiting...
Hurricane Season Begins June 1; Will Odds be in Texas’ Favor?
May 28 2008 // With hurricane season beginning June 1, Texans may be able to hold on to the hope that the odds are stacked for them. If historical experience for the past two decades holds true, Texas won’t see a hurricane hit its...
Colorado Tornado, Hail Damage Adds Up To Estimated $147M in Damage
May 28 2008 // Colorado residents in Windsor and surrounding communities are starting the process of repairing and rebuilding their homes, following May 22’s tornadoes and hail and wind storm. Meanwhile insurance companies have...
Expect Above Average Atlantic Hurricane Season, Say Forecasters
May 27 2008 // The nation’s annual forecast about how many hurricanes the Atlantic Ocean will churn up is now more like the daily weather report. Forecasters added probabilities to their 2008 report. It’s the same sort of...
ACE Contributes $1 Million to China Earthquake Relief
May 27 2008 // The ACE Group of Companies announced that the ACE Foundation – International has made a $1 million contribution to the Red Cross Society of China to support emergency relief efforts following the earthquake that...
Tornadoes Kill 1 Child in Minnesota; Iowa Twister Kills 6
May 27 2008 // While most of the country was celebrating Memorial Day with picnics and parades, people in two states were fighting to stay alive. A town official says a 2-year-old child has died and 20 are missing after a severe storm...
