Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Tornado Hits London
Dec 8 2006 // A freak tornado struck a section of northwest London on Thursday morning, Dec. 7, tearing the roofs off and causing other damage to as many as 150 homes, wrecking a number of cars and leaving six people injured....
La. Lawmakers See Little Hope for Insurance Reform
Dec 8 2006 // Louisiana lawmakers will debate changes to state insurance laws beginning Dec. 8, but several said there’s little chance of passing major initiatives to address the problems homeowners face in finding and affording...
Guy Carpenter Issues Report on Impact of Typhoon Saomai
Dec 6 2006 // Guy Carpenter & Co., the global risk and reinsurance specialist of the Marsh & McLennan Companies announced that its Instrat(R) unit has published “Typhoon Saomai: Impact and Historical...
RMS Appoints Zoback VP of Earthquake Risk Applications
Dec 6 2006 // Risk Management Solutions, Newark, Calif., announced that Mary Lou Zoback has joined the firm as vice president of earthquake risk applications. A 28-year veteran of the United States Geological Survey (USGS), Zoback is a...
Florida Program Exceeds Goal of 12,000 Free Home Inspections
Dec 5 2006 // After completing 12,000 free home inspections by the end of the 2006 hurricane season – a goal that was exceeded by nearly 1,000 inspections – the pilot phase of the My Safe Florida Home program ended last...
Swiss Re Advisors See Big Demand for Energy Risk Underwriting
Nov 29 2006 // Major global political and business leaders say energy issues are high on their agenda and that the demands and risk transfer needs of this sector pose challenges and opportunities for insurers and reinsurers. At Swiss...
Virginia Attorney’s Suit Blames City for Hurricane Floyd Floods
Nov 22 2006 // A Virginia attorney has refiled a $20 million lawsuit that blames the city of Newport News for flooding during Hurricane Floyd in 1999. The suit is on behalf of residents of the Denbigh area of the city, and follows a...
Modeler RMS Reaffirms Hurricane Loss Projections Through 2011
Nov 22 2006 // Hurricane loss modeler Risk Management Solutions (RMS) has reaffirmed its medium-term five-year view of landfalling hurricane risk for the period of 2007-2011. The company is projecting higher modeled annualized insurance...
Mississippi Governor Cited for Handling of Hurricane Katrina
Nov 21 2006 // Governor Haley Barbour has been named the nation’s most outstanding governor and a 2006 Public Official of the Year in recognition of his resourcefulness and cool-headed leadership in the face of Hurricane...
Catastrophe Bond Investors to Gain from Mild Hurricane Season
Nov 21 2006 // Investors who bet against the odds of another devastating Atlantic hurricane season now stand to cash in big-time on “catastrophe bonds.” Contrary to expert predictions, the season turned out to be the mildest...
IIAT survey finds coastal insurance market tighter; more expensive
Nov 20 2006 // Property insurance along the Texas coast is getting harder to find plus premiums and deductibles are increasing, according to results from a survey of independent insurance agents. Respondents are members of the...
Burden of proof to determine insurance coverage in ‘slab’ case
Nov 20 2006 // When asked to determine coverage under an insurance policy, courts frequently recite the principle that the insured has the burden of proving coverage under the policy and the insurer has the burden of proving exclusions...
Southeast regulators united in call for national disaster plan
Nov 20 2006 // The New Madrid fault line, the Atlantic hurricane season and tornado alley are just a few factors that weigh heavily on the minds — and regulatory decisions — of insurance regulators in the southeastern United...
Democratic Congress OK for industry traditionally tied to Republicans
Nov 20 2006 // The new Congress may be blue on Capitol Hill, but insiders say that’s not necessarily a bad color for the insurance industry. “The more things change, the more they may remain pretty much the same,” said...
News Currents
Nov 19 2006 // Southeast regulators united in call for national disaster plan The New Madrid fault line, the Atlantic hurricane season and tornado alley are just a few factors that weigh heavily on the minds — and regulatory...
IIAT survey finds coastal insurance market tighter; more expensive
Nov 19 2006 // Property insurance along the Texas coast is getting harder to find plus premiums and deductibles are increasing, according to results from a survey of independent insurance agents. Respondents are members of the...
Burden of proof to determine insurance coverage in ‘slab’ case
Nov 19 2006 // When asked to determine coverage under an insurance policy, courts frequently recite the principle that the insured has the burden of proving coverage under the policy and the insurer has the burden of proving exclusions...
Democratic Congress OK for industry traditionally tied to Republicans
Nov 19 2006 // News Currents The new Congress may be blue on Capitol Hill, but insiders say that’s not necessarily a bad color for the insurance industry. “The more things change, the more they may remain pretty much the...
At Least 3 Dead in N.C. Tornadoes That Swept Across South
Nov 17 2006 // Thunderstorms that tore up homes and buildings across the South hit North Carolina early Thursday, killing at least three people and leaving thousands without power. Another person died Wednesday as a tornado swept through...
Crescent City Harbor Suffers Up To $700K in Tsunami Damages
Nov 17 2006 // The National Weather Service lifted a tsunami advisory hours before powerful waves damaged docks and tore boats from their moorings in Northern California. Forecasters said they were wary of causing chaos along the...
