Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
RMS Purchases HailCalc Europe
Jan 9 2007 // Newark Calif.-based Risk Management Solutions, a leading provider of products and services for the management of natural hazard risk, announced the acquisition of HailCalc Europe, which it described as “the first...
Consumer Federation: Insurers Increase Profit Levels by Overpricing Policies
Jan 8 2007 // National consumer organizations joined the Consumer Federation of America (CFA) today in Washington D.C. to release a new study concluding that the property/casualty insurance industry (which includes the nation’s...
Bi-cycling
Jan 8 2007 // What a difference a year makes. The U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through the first nine months of 2006. For the same period in 2005, it lost $2.5 billion. Insurers and...
Insurance priorities for the U.S. Senate
Jan 8 2007 // Sen. Chris Dodd, D-Conn., is the incoming chairman of the Senate Committee on Banking, Housing and Urban Affairs, which has jurisdiction over flood and terrorism insurance, as well as over regulation of insurance, credit...
Tornadoes deliver Christmas disaster for Floridians
Jan 8 2007 // Four Christmas Day tornadoes damaged hundreds of Florida homes, with one flipping airplanes at a flight school and tearing the roofs off three apartment buildings, according to officials. Gov. Jeb Bush declared a state of...
Insurance priorities for the U.S. Senate
Jan 8 2007 // Sen. Chris Dodd, D-Conn., is the incoming chairman of the Senate Committee on Banking, Housing and Urban Affairs, which has jurisdiction over flood and terrorism insurance, as well as over regulation of insurance, credit...
Insurance priorities for the U.S. Senate
Jan 8 2007 // Sen. Chris Dodd, D-Conn., is the incoming chairman of the Senate Committee on Banking, Housing and Urban Affairs, which has jurisdiction over flood and terrorism insurance, as well as over regulation of insurance, credit...
Bi-cycling
Jan 8 2007 // What a difference a year makes. The U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through the first nine months of 2006. For the same period in 2005, it lost $2.5 billion. Insurers and...
Insurance priorities for the U.S. Senate
Jan 8 2007 // Sen. Chris Dodd, D-Conn., is the incoming chairman of the Senate Committee on Banking, Housing and Urban Affairs, which has jurisdiction over flood and terrorism insurance, as well as over regulation of insurance, credit...
Absence of hurricane losses proves beneficial to insurers’ bottomline
Jan 8 2007 // P/C industry posts $24.4 billion net gain on underwriting in first three quarters of 2006 Driven by a sharp decline in catastrophe losses from hurricanes and other natural disasters in 2006, the U.S. property/casualty...
Editor’s Note: Bi-cycling
Jan 7 2007 // What a difference a year makes. The U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through the first nine months of 2006. For the same period in 2005, it lost $2.5 billion. Insurers and...
Insurance priorities for the U.S. Senate
Jan 7 2007 // Sen. Chris Dodd, D-Conn., is the incoming chairman of the Senate Committee on Banking, Housing and Urban Affairs, which has jurisdiction over flood and terrorism insurance, as well as over regulation of insurance, credit...
Insurance priorities for the U.S. Senate
Jan 7 2007 // Sen. Chris Dodd, D-Conn., is the incoming chairman of the Senate Committee on Banking, Housing and Urban Affairs, which has jurisdiction over flood and terrorism insurance, as well as over regulation of insurance, credit...
Editor’s Note: Bi-cycling
Jan 7 2007 // What a difference a year makes. The U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through the first nine months of 2006. For the same period in 2005, it lost $2.5 billion. Insurers and...
Absence of hurricane losses proves beneficial to insurers’ bottomline
Jan 7 2007 // News Currents Driven by a sharp decline in catastrophe losses from hurricanes and other natural disasters in 2006, the U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through nine months....
House Reps. Introduce National Catastrophe Insurance Proposal
Jan 5 2007 // U.S. Representatives Ginny Brown-Waite (FL) and Vern Buchanan (FL) today introduced the Homeowners’ Insurance Protection Act of 2007, a comprehensive catastrophic insurance bill that would establish a federal...
Safeco Estimates its Pacific Northwest Windstorm Losses at $20 Million
Jan 5 2007 // Seattle-based Safeco announced estimated after-tax catastrophe losses from the Pacific Northwest windstorm in Nov. and Dec. 2006 of $20 million, or $0.18 per diluted share. Pretax catastrophe losses from the storm are...
Insurer Group to Target Windstorm Funding in Texas
Jan 4 2007 // Texas Windstorm Insurance Association (TWIA) funding issues will be the Property Casualty Insurers Association of America’s (PCI) top legislative priority in its Southwestern region, the insurer group announced. The...
Fla. Gov. Crist Calls for Congress to Address Catastrophe Insurance Costs
Jan 4 2007 // Florida Gov. Charlie Crist has sent a letter to U.S. Sens. Mel Martinez and Bill Nelson in support of federal legislation to address rising catastrophe insurance costs. Crist also sent letters to House Speaker Nancy Pelosi...
Agents, Brokers Set 2007 Legislative Priorities
Jan 3 2007 // The Independent Insurance Agents & Brokers of America (the Big “I”) will again confront a number of legislative issues important to agents and brokers at both the state and federal levels in 2007,...
