Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Maryland Mulls Ways to Keep Insurers from Abandoning Coastal Properties
Feb 15 2007 // Alarmed that homeowners on Maryland’s coasts may one day be cut off from home insurance, state lawmakers are mulling new rules prohibiting insurers from pulling out of areas they deem risky. But insurers met with...
La.’s Blanco: Insurance Industry Over-Reacting to 2005 Hurricanes
Feb 15 2007 // The insurance industry is over-reacting to Hurricanes Katrina and Rita, threatening the region’s recovery by withdrawing coverage and charging exorbitant rates, Gov. Kathleen Blanco told a gathering of insurance...
Earthquake Rattles Midwest City, Okla.
Feb 14 2007 // A small earthquake rattled the Midwest City, Okla., area Feb. 12, but no damage or injuries were reported, officials said. The magnitude 3.0 earthquake occurred at 12:33 p.m., 31/2 miles west of Midwest City, according to...
Close to New Madrid Fault, Memphis Undertakes Earthquake Planning
Feb 13 2007 // Shelby County, Tennessee emergency planners must identify “pinch points” that are most vulnerable to earthquake damage, Mayor A C Wharton says. “The best safety tool we have is to be aware of what we can...
Study shows Texas economy vulnerable to Cat 3-sized coastal storm
Feb 12 2007 // A study commissioned by the Independent Insurance Agents of Texas (IIAT) shows that the economy of the entire state of Texas would be severely impacted if a Category 3-type hurricane were to hit heavily populated areas of...
The Commissioners: Mike Geeslin
Feb 12 2007 // Geeslin has faced hurricanes, liquidations, workers’ comp overhaul And that was just in the first year of the commissioner’s term It could be said the first year of Mike Geeslin’s term as Texas Insurance...
Commercial clients ‘swallow a bitter pill’ when it comes to cat coverage
Feb 12 2007 // When it comes to property catastrophe insurance coverage, many commercial clients are being forced to swallow a bitter pill in the form of steep prices, new limits on policies, higher deductibles and a shortage in the...
Fla. pols to lobby Washington for national catastrophe fund
Feb 12 2007 // After the Florida Legislature passed a bill that lawmakers say will address the state’s insurance problems, Gov. Charlie Crist and legislative leaders said their attention will be on pushing for a national...
Don’t be fooled: Extreme weather, terrorism risks not going away
Feb 12 2007 // Now is no time to ease up on loss prevention, warns risk expert. The insurance industry and its customers must not let down their guard concerning loss prevention despite a mild hurricane season and a quiet time on the...
Lessons learned from 2005’s Katrina and 2006’s calm hurricane season
Feb 12 2007 // It’s been more than a year since Katrina made landfall and businesses are still recovering. Then the 2006 Atlantic hurricane season came and went with barely a blip — despite initial projections by some that...
One-on-one interviews with 15 insurance regulators
Feb 12 2007 // One-on-one interviews with 15 insurance regulators At a recent meeting of the National Association of Insurance Commissioners, Insurance Journal sat down with 15 insurance regulators to talk about issues affecting their...
Mitigating the everyday catastrophe
Feb 12 2007 // Fire, water, hail and wind reel in big losses for business, but many could be prevented The exposures faced by businesses in catastrophe-prone areas have been well-documented post-Katrina and facility owners and managers...
Industry forecast predicts slower premium growth in 2007 and 2008
Feb 12 2007 // Despite slow-down, industry still anticipates underwriting profits Most insurance industry analysts predict slower P/C premium growth for 2007, according to an Insurance Information Institute’s annual survey of Wall...
Forecasters predict active hurricane season to come in 2007
Feb 12 2007 // Atlantic basin and U.S. hurricane landfall expected to be up 60 percent above normal A return to high hurricane activity in 2007 is likely following the below-average 2006 hurricane season, according to the consortium of...
P/C industry may be long overdue for massive losses from an extreme “great” earthquake
Feb 12 2007 // >Study says industry could suffer from a $100 million loss The U.S. property/casualty insurance industry is long overdue for heavy losses from a massive earthquake, reports A.M. Best in its recent “2006 Annual...
Top 10 tornado cities
Feb 12 2007 // The violent thunderstorms in Central Florida in early February, spawned powerful tornadoes that killed at least 20 people is a deadly reminder of the constant threat insurers face against tornado exposures. Tornado-related...
Lloyd’s climbs on the climate change bandwagon
Feb 12 2007 // There’s little doubt that the world is getting warmer. But this raises more questions. To what extent are greenhouse gasses, particularly CO2, responsible? Will the warming trend continue? Are there any effective...
Don’t be fooled: Extreme weather, terrorism risks not going away
Feb 11 2007 // The insurance industry and its customers must not let down their guard concerning loss prevention despite a mild hurricane season and a quiet time on the terrorism front in the U.S., advises an expert in risk and...
8 Royal & Sun buyout approval expected
Feb 11 2007 // Plan receives backing from key player in Delaware 9 Tighter steering restrictions in Conn. Conn. AG seeks to fix auto body shop law 9 UNH calculates cyber attack threat Researchers gauge threats posed by hackers,...
Don’t be fooled: Extreme weather, terrorism risks not going away
Feb 11 2007 // The insurance industry and its customers must not let down their guard concerning loss prevention despite a mild hurricane season and a quiet time on the terrorism front in the U.S., advises an expert in risk and...
