Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Tsunami Waves Minimal after Undersea Japan Quake
Nov 16 2006 // A strong undersea earthquake south of the Kuril Islands off Japan’s northwest coast, which measured up to 8.1 on the Richter Scale, failed to produce any significant tsunami’s Following the quake, warnings went...
Texas Commissioner Agrees to Windstorm Rate Hikes
Nov 16 2006 // Although not as substantial as those sought by the Texas Windstorm Insurance Association, Texas Insurance Commissioner Mike Geeslin signed an order on Nov. 15 giving TWIA rate hikes of 3.7 percent for commercial property...
Hannover Re Posts $486 Million Half-Year Net Income
Nov 15 2006 // Germany’s Hannover Re joined the expanding list of large reinsurers who are having a pretty good year due to the decline in natural catastrophes. The Group earned €380 million ($486 million) in the first six months...
New Research Center in Miss. Aims for Better Hurricane Forecasts
Nov 15 2006 // Scientists at a new research institute are studying ways to improve hurricane forecasts and protect the U.S. Gulf Coast’s natural resources from storms, the National Oceanic and Atmospheric Administration...
Fla. Weighs Special Session to Take Up Property Insurance Ideas
Nov 15 2006 // Insurers would be able to buy more reinsurance from the state’s hurricane catastrophe fund and homeowners would be able to buy lower cost policies offering less than complete coverage if recommendations from a...
Guy Carpenter Comments on Catlin Cat Bond Placement
Nov 14 2006 // Guy Carpenter, the global risk and reinsurance specialist of the Marsh & McLennan Companies and its affiliate MMC Securities Ltd., noted their role as advisors in the completion of a multi-territory, multi-peril...
ISO Chief: It’s ‘Haves’ Vs. ‘Have-Nots’ in Insurance Technology Race for Survival
Nov 14 2006 // Spurred by intensifying competition, breakthroughs in analytics are transforming insurance markets, according to an industry leader. Sophisticated insurers able to harness large volumes of high-quality data to drive...
A year after Katrina, commercial property market ‘bleak’ in New Orleans
Nov 6 2006 // Placing of business is harder than it has ever been, agent says We insure a business in French Quarter in New Orleans which was unaffected by the flooding from Katrina and for the most part had fairly limited windstorm...
SOUTHEAST TOPS TOP 10 HURRICANE-PRONE AREAS
Nov 6 2006 // Dr. Stephen P. Leatherman, director of the International Hurricane Research Center at Florida International University, in Miami released the Top 10 List that nobody wants to be on: the 10 Most Vulnerable U.S. Mainland...
Hawaii’s earthquake losses, not earthquake policies, on the rise
Nov 6 2006 // Estimated damages from the two earthquakes that struck Hawaii on Oct. 15 have been rising. Yet the recent disaster has not spurred homeowners and businesses to purchase earthquake coverage, according the state’s...
Hawaii acknowledges tsunami warning deficiencies
Nov 6 2006 // Hawaii may have just suffered through two earthquakes, but the state says it has a potential flood problem. Hawaii’s tsunami warning system has serious deficiencies in reliability and coverage area, according to...
Southeast tops top 10 hurricane-prone areas
Nov 5 2006 // Dr. Stephen P. Leatherman, director of the International Hurricane Research Center at Florida International University, in Miami released the Top 10 List that nobody wants to be on: the 10 Most Vulnerable U.S. Mainland...
A year after Katrina, commercial property market ‘bleak’ in New Orleans
Nov 5 2006 // We insure a business in French Quarter in New Orleans which was unaffected by the flooding from Katrina and for the most part had fairly limited windstorm damage,” said Parke Ellis, a principal with Gillis, Ellis...
Hawaii’s earthquake losses, not earthquake policies, on the rise
Nov 5 2006 // Estimated damages from the two earthquakes that struck Hawaii on Oct. 15 have been rising. Yet the recent disaster has not spurred homeowners and businesses to purchase earthquake coverage, according the state’s...
News Currents
Nov 5 2006 // Hawaii acknowledges tsunami warning deficiencies Hawaii may have just suffered through two earthquakes, but the state says it has a potential flood problem. Hawaii’s tsunami warning system has serious deficiencies in...
Hawaii Acknowledges Tsunami Warning Deficiencies
Nov 2 2006 // Hawaii’s tsunami warning system has serious deficiencies in reliability and coverage area, according to state emergency officials. About 100 of the tsunami sirens don’t have emergency backup power, meaning they...
Evacuees Return to Find Homes Destroyed by Calif. Wildfire
Nov 1 2006 // While crews made progress on a wildfire that killed four firefighters, evacuees began returning to their homes — often to find nothing left. Carol Hurley stood Saturday at the still-smoldering wreckage of a...
Hanover: Big 3d Quarter Improvement, Despite Katrina Charge
Oct 31 2006 // The Hanover Insurance Group, Inc. reported net income for the third quarter of $33.4 million, or $0.65 per share, compared to a net loss of $562.4 million, or $10.51 per share, in the third quarter of last year. The...
The Hartford’s Net Income Jumps 41% for Third Quarter
Oct 30 2006 // The Hartford Financial Services Group, Inc. reported record third quarter 2006 net income of $758 million, or $2.39 per diluted share — a sizable 41 percent boost over the same quarter last year. The Hartford’s...
Profits Surge at Chubb; Professional Liability Continues Improvement
Oct 27 2006 // The Chubb Corp. reported that net income in the third quarter of 2006 was $604 million, or $1.43 per share, compared to $246 million, or $0.60 per share, in the third quarter of 2005. Operating income increased to $579...
