Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
La. Proposal Would Create State-chartered Bank for Hurricane Recovery
Jun 28 2007 // A Louisiana state-chartered bank would be created, touted as a way to spur private investment in the rebuilding of public infrastructure devastated by Hurricane Katrina, under a bill nearing final legislative passage. The...
Fla. Coalition: Briny Plan is Recipe for Chaotic Hurricane Evacuation
Jun 27 2007 // The Florida Coalition for Preservation has asked Secretary Thomas Pelham of the Florida Department of Community Affairs to consider a host of costs that will be borne by taxpayers if the agency accepts the...
Industry Supports Terror Bill But Not All Agree with NBCR Mandate
Jun 26 2007 // At a June 21 congressional hearing in Washington, D.C., insurance industry group representatives generally spoke in favor of a bill that would extend the federal backstop for terrorism insurance coverage for another 10...
N.H. Coast Again Experiences Minor Earthquake
Jun 25 2007 // A minor earthquake shook people on New Hampshire’s Seacoast last Wednesday night. The U.S. Geological Survey reports that the quake was centered in North Hampton. It registered as a magnitude 1.0. No damage was...
S&P: Insurance Execs Urge ‘Common Sense’ in Model Use
Jun 25 2007 // Standard & Poor’s Ratings Services’ Insurance 2007 conference, held June 3-5 in New York City, has yielded some valuable advice from three industry leaders on how to properly employ models. S&P noted...
RMS Sets Parameters for Brit’s Fremantle Sidecar
Jun 25 2007 // Risk Management Solutions has designed the trigger mechanisms and performed the risk analysis for a securitization of multi-peril, multi-event catastrophe risk relating to securities issued by Fremantle Ltd, a Cayman...
Risk Management Solutions Sets Up Multi-Peril Catastrophe Swap
Jun 25 2007 // Newark, Calif.-based Risk Management Solutions (RMS), a risk modeling company, has designed the trigger mechanisms and performed the risk analysis for a securitization of multi-peril, multi-event catastrophe...
UK’s Met Office Predicts 7-13 North Atlantic Tropical Storms
Jun 21 2007 // The Met Office, the UK’s official weather forecasting center, (http://www.metoffice.gov.uk.) has forecast 10 tropical storms in the North Atlantic during the July to November period, with a 70 percent chance of there...
Gallagher (UK), MAP Launch Israeli War & Terrorism Coverage
Jun 21 2007 // Arthur J. Gallagher (UK) Limited in conjunction with MAP, a specialist insurer at Lloyd’s, has launched an insurance facility for terrorism liability. The new product aims to provide coverage for tourist and study...
Hurricane Exit Plans for Alabama’s Elderly, Sick Upgraded
Jun 21 2007 // Some of the people whose lives are at stake during a hurricane are lying helpless in nursing homes and hospitals on the Alabama coast, where emergency computer and phone networks have been enhanced to help them when a...
Damaged Bridge on S.C. Hurricane Evacuation Route to Fully Reopen
Jun 21 2007 // A Beaufort County bridge severely damaged less then two months ago is scheduled to completely reopen this week. Only one lane of the J.E. McTeer Bridge has been open for limited hours since the steel beams under the span...
Wildfire Burns on Colorado’s Western Slope
Jun 21 2007 // The New Castle Fire burning near Glenwood Springs, Colo., has forced the evacuation of about 90 homes with another 100 on high alert, according to the Rocky Mountain Insurance Information Association. In light of the fire,...
Chertoff, Gov. Urge North Carolinians to Prepare for Hurricane Season
Jun 20 2007 // Gov. Mike Easley met with Michael Chertoff, secretary of the U.S. Department of Homeland Security, to discuss North Carolina’s emergency preparedness for the hurricane season that began June 1. This is the second...
Rain Helps Stop Spread of Wildfires in North Carolina
Jun 19 2007 // Rain has helped stop the spread of wildfires in North Carolina’s Pisgah National Forest that have been burning for more than a week. Neither the 600-acre-fire at Dobson Knob or the 1,900-acre-fire at Shortoff...
More Arizonans Working to Protect Homes from Wildfires
Jun 19 2007 // Efforts to better safeguard homes from the threat of wildfire have taken off in mountain communities throughout Arizona, with homeowners cutting down trees, removing wood piles, raking leaves and caulking around windows to...
House Bill Renews Federal Terrorism Reinsurance for 10 Years, Expands Definition
Jun 19 2007 // Congress officially has a new bill to reauthorize the federal terrorism reinsurance program. Two Democrats from Massachusetts — U.S. Rep. Mike Capuano and the Chairman of the House Financial Services Committee Barney...
News Currents
Jun 18 2007 // R.I. House members forward coastal measures The leaders of a special Rhode Island House commission studying the effects of natural disasters on property insurance costs have introduced legislation they say is aimed at...
Richardson: S.C. went the ‘right way’ with hurricane law
Jun 18 2007 // The South Carolina House of Representatives and Senate recently agreed to changes to coastal omnibus hurricane legislation, which include extending the notice for homeowners whose insurance would be canceled to 90 days...
News Currents
Jun 18 2007 // Slow death for coastal windstorm bill in last days of Texas session In the waning days of the 2007 session of the Texas Legislature, marked by a tumultuous, unsuccessful struggle to oust the current Speaker of the House of...
Poll: Many coastal residents still not ready for hurricanes
Jun 18 2007 // Many people along the Atlantic and Gulf Coasts still lack a hurricane survival plan and don’t feel vulnerable to storms, despite Katrina’s dramatic damage and pleas from emergency officials for residents to...
