Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
P/C Insurers’ Underwriting Results, Profitability Slip in First-Half 2007
Sep 25 2007 // The U.S. property/casualty insurance industry’s overall profitability as measured by its annualized rate of return on average policyholders’ surplus (or statutory net worth) slipped to 13.1 percent in...
Reinsurance was easier to find and cheaper in 2007
Sep 24 2007 // What a difference a year makes. Florida insurers had to look high and low for reinsurance in 2006, and pay dearly if they could find it.In 2007, it was a different story. According to Jack Mangiante, senior vice president...
Catastrophes: There is no free lunch
Sep 24 2007 // Any study that implies consumers and taxpayers have thousands of years to realize savings is immediately suspect. Since the devastating hurricane seasons of 2004 and 2005, some Florida politicians and a few insurers have...
Catastrophes: The time to act is now
Sep 24 2007 // Two years have passed since America’s most shocking wake-up call regarding the devastation that follows the force and fury of Mother Nature. Since that time, a variety of legislative proposals have been offered at...
Catastrophes: The time to act is now
Sep 24 2007 // Two years have passed since America’s most shocking wake-up call regarding the devastation that follows the force and fury of Mother Nature. Since that time, a variety of legislative proposals have been offered at...
The natural disaster dilemma
Sep 24 2007 // What to do about natural disasters? We can’t really prevent them, and while many people are skeptical about dire predictions regarding climate change as the probable cause of an increase in weather-related...
Declarations
Sep 24 2007 // Plumped up payments “The partnership has, over time, relieved FEMA of the need to develop, hire, and train an in-house corps of sales agents, adjusters, and others to administer flood insurance.” — A...
Montana’s wildfire suppression funding process convoluted, analysts say
Sep 24 2007 // Montana legislative analysts agreed that more money is needed to fight fires in Montana but called the state’s current system for funding wildfire suppression “convoluted” and raised concerns about some...
A small private Fla. insurer faces Citizens and the ‘perfect storm’
Sep 24 2007 // From “Happy Days” to “The Perfect Storm” is how one Florida insurance executive describes her state’s defining years between 2003 and 2007 — and she isn’t talking just about the...
Lloyd’s America’s Baker: Time for action on climate change is now
Sep 24 2007 // For an insurer, understanding climate change is a matter of understanding trends in risk and changes in those trends. For Wendy Baker, president of Lloyd’s America Inc., staying on top of those trends in the United...
Reinsurance was easier to find and cheaper in 2007
Sep 24 2007 // What a difference a year makes. Florida insurers had to look high and low for reinsurance in 2006, and pay dearly if they could find it. In 2007, it was a different story. According to Jack Mangiante, senior vice president...
News Currents
Sep 24 2007 // Industry skeptical, while Treasury opposes natural disaster pool Federal legislation that encourages states to pool their catastrophe pool risks and then transfer them to the private market has been greeted with a lukewarm...
From the Big Apple to the Corn State
Sep 24 2007 // From the executive office of the Greater New York Mutual Insurance Companies on Madison Avenue in the heart of New York City, Warren Heck, chairman and chief executive officer, can see Illinois. “It’s...
Industry skeptical, while Treasury opposes natural disaster pool
Sep 24 2007 // Federal legislation that encourages states to pool their catastrophe pool risks and then transfer them to the private market has been greeted with a lukewarm insurance industry reaction at best and outright opposition from...
Catastrophes: The time to act is now
Sep 24 2007 // Two years have passed since America’s most shocking wake-up call regarding the devastation that follows the force and fury of Mother Nature. Since that time, a variety of legislative proposals have been offered at...
Catastrophes: The time to act is now
Sep 24 2007 // Reports show that the typical taxpaying American family paid more than $800 to cover costs associated with Hurricane Katrina. That is an enormous nationwide catastrophe tax. Two years have passed since America’s most...
Montana’s wildfire suppression funding process convoluted, analysts say
Sep 24 2007 // Montana legislative analysts agreed that more money is needed to fight fires in Montana but called the state’s current system for funding wildfire suppression “convoluted” and raised concerns about some...
Editor’s Note: The natural disaster dilemma
Sep 24 2007 // What to do about natural disasters? We can’t really prevent them, and while many people are skeptical about dire predictions regarding climate change as the probable cause of an increase in weather-related...
Lloyd’s America’s Baker: Time for action on climate change is now
Sep 24 2007 // For an insurer, understanding climate change is a matter of understanding trends in risk and changes in those trends. For Wendy Baker, president of Lloyd’s America Inc., staying on top of those trends in the United...
IISS Sees Increasing Terrorist Threats
Sep 24 2007 // While global warming may ultimately prove to be the biggest crisis the world’s people have ever faced, it’s not as immediate a threat as that posed by global terrorism. After Sept. 11 and the Madrid and London...
