Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Engineers working toward earthquake-proof structures
May 8 2006 // Sometime in the not-so-distant future, newly constructed buildings will be able to withstand earthquakes of the magnitude that destroyed San Francisco one century ago, scientists say. Working with super-strong materials...
Hurricane winds could be felt in professional liability markets
May 8 2006 // The professional liability market may be significantly affected by the increase in frequency and severity of hurricanes, causing greater rating agency scrutiny and changes to evaluation models. “The three recent...
Survey: Risk managers spent more on disaster preparedness, catastrophe management
May 8 2006 // Spending for loss control services increased or remained flat for a majority of organizations in the past year, and the greatest spending increases occurred in such areas as disaster preparedness and catastrophe...
INSURERS TO PAY $1.38 BILLION FOR Q1 LOSSES
May 8 2006 // U.S. property/casualty insurers are expected to pay an estimated $1.38 billion to homeowners and businesses in insured property losses from seven catastrophe events in first-quarter 2006, according to preliminary analysis...
Actuaries to White House: Federal insurance backstop needed
May 8 2006 // The American Academy of Actuaries, in response to questions posed by the President’s Working Group on Financial Markets, has submitted its terrorism risk insurance analysis, which concludes that a national framework...
Sound risk management, investment plus for insurers
May 8 2006 // U.S. property/casualty insurers managed to increase earnings and add to their capital base in 2005 despite record catastrophe losses, according to Insurance Services Office (ISO) and the Property Casualty Insurers...
Hurricane winds could be felt in professional liability markets
May 8 2006 // The professional liability market may be significantly affected by the increase in frequency and severity of hurricanes, causing greater rating agency scrutiny and changes to evaluation models. “The three recent...
Critics allege wind modelers following politics over science
May 8 2006 // News Currents Risk Management Solutions has defended its hurricane risk models in the face of consumer groups’ criticisms that the models are more political than they are scientific and that they are designed to...
News Currents
May 8 2006 // Tornado ploughs across Tenn., Ky., resulting in thousands of claims In the aftermath of a large F-3 to F-4 tornado, thousands of carriers and insurance agents in northern Tennessee and southern Kentucky are paying...
Editor’s Note: Tornados foretell things to come
May 8 2006 // As emergency planners and hurricane experts from across the U.S. met in April to plan and prepare for the hurricane season, the timing couldn’t have been better, as massive twisters roared down “tornado...
Critics allege wind modelers following politics over science
May 8 2006 // News Currents Risk Management Solutions has defended its hurricane risk models in the face of consumer groups’ criticisms that the models are more political than they are scientific and that they are designed to...
$25 million tornado damage in north Georgia
May 8 2006 // Insurance Commissioner John Oxendine described the tornadoes as the second largest insurance disaster in Georgia and as one of the most financially-devastating storms in Georgia’s history. More than $25 million in...
Mayfield: ‘2006 hurricane season CAN be worse than 2005’
May 8 2006 // With more than 55 million people living in coastal communities, the nation must learn its lesson from the 2004 and 2005 hurricane seasons and prepare now for what will happen after June 1, according to Max Mayfield,...
The Texas Windstorm Insurance Association: Challenges and solutions
May 8 2006 // The 2006 hurricane season is looming and the insurance industry already sees dark clouds on the horizon. The Texas Windstorm Insurance Association is considerably under-funded in the event a major hurricane makes landfall...
Hurricane winds could be felt in professional liability markets
May 8 2006 // The professional liability market may be significantly affected by the increase in frequency and severity of hurricanes, causing greater rating agency scrutiny and changes to evaluation models. “The three recent...
Lloyd’s sees 1906 San Francisco earthquake as a turning point
May 8 2006 // One of the most significant natural disasters in U.S. history, the San Francisco earthquake of 1906, rolled to its centennial anniversary April 18, 2006. One hundred years ago in San Francisco, the Earth bounced and the...
Tonga Fails to Receive Tsunami Alert from Hawaii Center
May 5 2006 // Minutes after an earthquake struck near the South Pacific nation of Tonga, tsunami warnings began to radiate to countries as far away as Fiji and New Zealand by phone, e-mail and fax. But in the island country closest to...
Hurricane Awareness Tour Successfully Concludes in Tampa, Fla.
May 5 2006 // With the official start of the Atlantic hurricane season less than one month away, the National Oceanic and Atmospheric Administration’s 2006 Hurricane Awareness Tour has come to a successful conclusion in Tampa,...
Research Center to Unveil New Hurricane Loss Prediction Model
May 5 2006 // The first public model to project hurricane losses for the State of Florida has been completed by the International Hurricane Research Center in Miami, Fla. The new model already has produced excellent figures on Hurricane...
Texas Agent Group Supports Increase in Windstorm Limits
May 4 2006 // The Independent Insurance Agents of Texas announced its support of the proposal by the Texas Windstorm Insurance Association (TWIA) to increase commercial and government building limits to $3 million. IIAT Executive...
