Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
‘Adequate rate for the risk’ a big concern for industry executives
Jul 24 2006 // The question of how to structure property insurance rates adequately in coastal zones while still making it affordable for people to live and work there is becoming an increasingly important one to insurers and consumers...
News Currents
Jul 24 2006 // Former FEMA director promotes state, federal disaster mediation Federal and state governments need to work with insurance companies to sponsor disaster mediation programs before something happens, before people who have...
The excess flood market steps up when national flood program falls short
Jul 24 2006 // The historical lessons learned from Katrina and Rita, and looming predictions of a future with bigger and stronger storms have made flood insurance popular these days — even in locations where it was previously...
Former FEMA director promotes state, federal disaster mediation
Jul 24 2006 // Federal and state governments need to work with insurance companies to sponsor disaster mediation programs before something happens — before people who have worked all their lives for everything they have, all of a...
Quake Triggers Tsunami Fears in Indonesia
Jul 24 2006 // An earthquake with a preliminary magnitude of 6.1 struck off Indonesia’s Sulawesi island on Sunday, causing residents to flee coastal areas in fear of a tsunami. Indonesian officials — who have been under fire for...
Ind. April Hailstorms Generate $560 Million in Claims
Jul 24 2006 // A wave of April thunderstorms that pummeled central Indiana with hail the size of golf balls, or bigger, has so far generated insurance claims totaling $560 million, making it one of the state’s costliest weather...
One Home Lost to Wildfire in Western Montana
Jul 24 2006 // A wildfire in western Montana destroyed a house and two outbuildings, a U.S. Forest Service official said Saturday. The fire, which has scorched about 4 square miles, is one of five large blazes in Montana, according to...
INTRODUCING H.E.A.T. – A Timely Security Solution for the Upcoming Hurricane Season
Jul 24 2006 // GRAND ISS has organized Special Security Teams solely focused on responding to devastating storm-related risks St. Petersburg, FL – GRAND ISS, a global provider of security, risk mitigation, and investigative...
The excess flood market steps up where NFIP drops off
Jul 24 2006 // The historical lessons learned from Katrina and Rita and looming predictions of a future with bigger and stronger storms highlight more than ever before the importance of flood insurance, even in locations where it was...
U.S. property/casualty industry posts record 1Q profits
Jul 24 2006 // News Currents The U.S. property/casualty industry’s net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined...
Watching out what you wish for
Jul 24 2006 // I don’t know about you but it’s only the middle of July (as this issue goes to print) and I’m already ready for the weather to cool off. You know that old adage about waiting 15 minutes for the weather to...
A separate survey
Jul 24 2006 // A separate survey released in May by the National Hurricane Survival Initiative (www.hurricanesafety.org) also revealed a high percentage of residents in hurricane-vulnerable states aren’t prepared, don’t take...
HIGHER WINDSTORM RATES
Jul 24 2006 // Although many in the insurance industry don’t think they are going up enough, the Texas Windstorm Insurance Association (www.twia.org) is set to raise its rates effective Sept. 1 for new and renewal policies....
Coastal communities only halfway ready for a major storm
Jul 24 2006 // Survey finds Louisiana, Mississippi, Alabama and Georgia most prepared Average insured homeowners throughout Gulf and Atlantic coastal communities have taken just half the steps which would best position them to recover...
Former FEMA director promotes state, federal disaster mediation
Jul 24 2006 // Federal and state governments need to work with insurance companies to sponsor disaster mediation programs before something happens, before people who have worked all their lives for everything they have, then all of a...
‘Adequate rate for the risk’ a big concern for industry executives
Jul 24 2006 // The question of how to structure property insurance rates adequately in coastal zones while still making it affordable for people to live and work there is becoming an increasingly important one to insurers and consumers...
Two Miami Adjusters Arrested in $400,000 Hurricane Fraud Case
Jul 21 2006 // Two licensed public adjusters who fraudulently collected more than $400,000 from two insurance companies by submitting bogus contractor agreements have been arrested in Miami by detectives in the Department of Financial...
Hawkeye-Security Offers New Web-based Disaster Planning Tool
Jul 20 2006 // Businesses insured through Des Moines-Iowa-based Hawkeye-Security Insurance, a member of the Liberty Mutual Group, will be among the first in the upper Midwest to use Open for Business, a free, web-based tool that allows...
Tropical Storm Beryl Warning Continues for SE Mass.; Storm Watch Issued for Long Island
Jul 20 2006 // A tropical storm warning remains in effect as of 2 p.m. for southeastern Massachusetts from Plymouth to Woods Hole including Cape Cod and the islands of Nantucket and Martha’s Vineyard. The National Hurricane Center...
Three Arrested in Post-Hurricane Katrina New Orleans Hospital Deaths
Jul 19 2006 // Louisiana Attorney General Charles C. Foti, Jr., announced that his Medicaid Fraud Control Unit (MFCU) has made three arrests in the investigation surrounding patient deaths at Memorial Medical Center in New Orleans. The...
