Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
D.C. Man Sentenced for FEMA Hurricane Relief Fraud Scheme
Feb 6 2007 // Jeffrey Alan Rothschild, 59, also known as Jeffrey Zahler, has been sentenced to 102 months in prison in connection with a scheme to defraud the Federal Emergency Management Agency (FEMA) of more than $100,000 in relief...
Industry Forecast Predicts Slower Premium Growth, But Underwriting Profit in 2007 and 2008
Feb 5 2007 // Most insurance industry analysts predict slower P/C premium growth for 2007, according to an Insurance Information Institute’s annual survey of Wall Street stock analysts and industry professionals released each year...
RMS Creates ‘Climate Change’ Position to Evaluate Impact on Risks
Feb 5 2007 // Newark, Calif.-based – Risk Management Solutions, a provider of products and services for the management of catastrophe risk, announced the appointment of Dr. Celine Herweijer to the position of “Principal...
City Disaster Teams Share Lessons from Terrorist Attacks
Feb 5 2007 // Government and American Red Cross disaster experts from New York, London and Madrid — three cities hit by terrorist attacks in recent years — met last week in New York for a two-day conference to share experiences and...
Small Earthquake Shakes Western Kentucky
Feb 5 2007 // A small earthquake along the New Madrid Fault shook two towns in far western Kentucky, but no injuries or damages were reported. The magnitude 2.9 quake, centered 3 miles northwest of Bardwell, was recorded at 5:47 p.m....
Central Florida Clean Up Continues in Wake of Deadly, Costly Tornados
Feb 5 2007 // Officials in central Florida resumed search and rescue operations amid more thunderstorms Saturday, a day after powerful tornados killed at least 20 people and left a swath of central Florida in shambles. Violent...
USAA Defends Its Katrina Response Against Comments by Miss. AG Hood
Feb 1 2007 // In response to a recent pending settlement involving State Farm Insurance, certain victims of Hurricane Katrina and the State of Mississippi, USAA or United Services Automobile Association, came forward to define what it...
Clark Steps Down as President and CEO of AIR Worldwide
Feb 1 2007 // AIR Worldwide announced that Karen Clark, its current president and CEO, will assume the role of vice chairman of the board of AIR, effective April 15, 2007. S. Ming Lee, currently the company’s executive vice...
Carvill Issues 2006 Hurricane Report
Jan 31 2007 // ReAdvisory, the analytical arm of specialty reinsurance intermediary Carvill, has released a white paper titled: “2006 Atlantic Hurricane Season in Review,” which examines recent weather patterns in the...
La.’s Blanco and Donelon Travel to Calif. for Outreach to Insurers
Jan 30 2007 // Louisiana Governor Kathleen Babineaux Blanco kicked off a three-day insurance outreach mission Jan. 29 in San Francisco, part of her continuing efforts to bring affordable insurance home to Louisiana, the governor’s...
The Hanover Net Income Down in 4th Quarter But Up for Year
Jan 30 2007 // Net income for the fourth quarter of 2006 at The Hanover Insurance Group, Inc. fell to $45.5 million, or $0.88 per share, compared to $118.7 million, or $2.19 per share, in the fourth quarter of the prior year. Net income...
Agents, brokers ready to pursue ambitious legislative agenda in 2007
Jan 29 2007 // There is a new political dynamic in Congress that presents both opportunities and pitfalls. Last year, the President signed into law pension and health care reform that will greatly benefit insurance consumers. House...
Agents, brokers ready to pursue ambitious legislative agenda in 2007
Jan 29 2007 // There is a new political dynamic in Congress that presents both opportunities and pitfalls. Last year, the President signed into law pension and health care reform that will greatly benefit insurance consumers. House...
Agents, brokers ready to pursue ambitious legislative agenda in 2007
Jan 29 2007 // There is a new political dynamic in Congress that presents both opportunities and pitfalls. Last year, the President signed into law pension and health care reform that will greatly benefit insurance consumers. House...
BRACING FOR THE “BIG ONE:” EARTHQUAKES JUST AS RISKY”
Jan 29 2007 // Although hurricanes have received wide attention in the media, earthquake exposure also should be a significant concern. Forecasts of potential damages indicate that earthquake destruction could be just as massive as that...
Windstorm expected to be major insurance issue for Texas lawmakers
Jan 29 2007 // Funding for the Texas Windstorm Insurance Asso-ciation (TWIA) may not be the only insurance issue on lawmakers’ plates during the 2007 session of the Texas Legislature, but it will likely be the most high profile...
Ind. leads country with highest catastrophe losses in 2006
Jan 29 2007 // In a year where coastal states endured no major tropical storms, Indiana saw more property damage due to large weather events than any other state (in 2006), according to statistical firm the Insurance Services Office...
Midwestern states top 2006 list for largest catastrophe losses
Jan 29 2007 // While most of the country tends to consider the coastal areas to be the jackpot winners for pending catastrophes, in 2006 the Midwest won in the disaster lottery. Living in the Midwest, all of us know the devastating...
Eqecat Analysis Predicts Risk for Insured Losses from U.S. Hurricanes Higher
Jan 29 2007 // Oakland, Calif.-based Eqecat Inc. is predicting that in the next decade, the risk for insured losses from hurricanes in the United States will be higher than the long-term average derived from 100 years of data, according...
Coping with catastrophe
Jan 29 2007 // Ten things agents and brokers can do to help clients obtain adequate cat coverage When it comes to property catastrophe insurance coverage, many commercial clients are being forced to swallow a bitter pill in the form of...
