Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Lloyd’s forecast for Northeast: Storms, global warming threats are real
Jun 19 2006 // The prospect of another nasty hurricane season has everyone in the insurance industry braced for a white-knuckle ride. The spectre of a hurricane hitting a major Northeast population center is hardly the stuff of Hollywood...
Illinois freshman regulator McRaith gives insurance view from Midwest
Jun 19 2006 // Question: What is the specific impact of the 2005 catastrophes on the Midwest? McRaith: There are three identifiable impacts on Midwestern residents. First, since the cost of reinsurance has gone up so significantly...
Hurricanes
Jun 19 2006 // Miss. Katrina Claims 3,693 hurricane claims settled. $5,211,899 in payments, a 1,721 percent increase in secured payments between Jan. 1 and April 30. Previous record, 2005, $4 million. A&H increase 316 percent. Cathy...
Crist reaches $609,000 settlement in hurricane price gouging
Jun 19 2006 // ANorth Carolina-based company has reached a settlement to resolve Florida price gouging allegations stemming from the 2004 hurricane season, according to Florida Attorney General Charlie Crist. Crist said Southeastern...
Crist reaches $609,000 settlement in hurricane price gouging
Jun 19 2006 // ANorth Carolina-based company has reached a settlement to resolve Florida price gouging allegations stemming from the 2004 hurricane season, according to Florida Attorney General Charlie Crist. Crist identified the company...
News Currents
Jun 19 2006 // CAT response vehicle ready just in time for Tropical Storm Alberto Florida insurance agents rolled out a new, state-of-the-art catastrophe response vehicle just in time for the arrival of Tropical Storm Alberto. At press...
Declarations
Jun 19 2006 // Taking responsibility for levee failure ‘This is the first time that the Corps has had to stand up and say, `We’ve had a catastrophic failure.’ … Words alone will not restore trust in the...
Editor’s Note: Commercial property appeal
Jun 19 2006 // According to Fitch, increases are running between 25 percent and 400 percent for windstorm and flood insurance premiums since the June 1 start of this year’s hurricane season. Six hurricanes in 2005 caused $57.3...
A tale of two New Orleans hotels
Jun 19 2006 // If there’s anything to be learned from last year’s hurricanes Katrina, Rita and Wilma, it’s that the value of relationships before, during and after a claim is immeasurable, according to Mel Bangs,...
High-hazard tsunami states could lose precious funding, GAO finds
Jun 19 2006 // The Pacific coast states of Alaska, California, Hawaii, Oregon and Washington, as well as Puerto Rico and the U.S. Virgin Islands in the Caribbean Sea, face the greatest tsunami hazard, but West Coast states could see the...
Editor’s Note: An idea that’s sunk?
Jun 19 2006 // The National Oceanic and Atmospheric Administration wants to provide funding for the majority of states in the nation to prepare for catastrophic tsunamis. That seems like a sound plan, but is it watertight? A recent...
Tropical Depression: Hurricane linked to long-term mental distress
Jun 19 2006 // Do earthquakes and hurricanes affect mental health? Florida State University sociologists in Tallahassee have found that some South Floridians who survived Hurricane Andrew suffered mental health problems many years later,...
Catastrophe Claims Cards Latest Option for Accessing Insurance Funds
Jun 15 2006 // The Hartford Financial Services Group, Inc., starting July 15, it will be offering its property insurance policyholders a new tool for accessing emergency claims payments after a catastrophic event. In addition to...
Three Insurers Sue To Recover Claims Paid in ’02 Wildfire
Jun 15 2006 // Three insurance companies filed a federal lawsuit Wednesday to recover $7.04 million in claims paid for homes damaged or destroyed in the 2002 Hayman Fire in Colorado. State Farm Fire & Casualty Co. Inc., three...
Tenn. Still Rebuilding After April Tornadoes
Jun 14 2006 // Insurance claims from the April tornadoes in Tennessee have climbed to $452 million, and some homeowners and business owners say their efforts to rebuild are being slowed by settlement delays and swamped...
Congress To Be Warned of Increasing Natural Catastrophe Risk
Jun 13 2006 // Congressional Research Service (CRS) is hosting a seminar ar the U.S. Capitol Building today titled, “Insuring and Mitigating Risks of Large-Scale Disasters: Is Federal Disaster Insurance Needed?” There, AIR...
Texas Insurer Group Says Alberto May be Omen for Rest of Season
Jun 13 2006 // Tropical Storm Alberto should be a warning to all coastal residents in Texas that the 2006 hurricane season may exceed the expectations for an overly active storm season. The Insurance Council of Texas urges everyone...
Davis Makes Proposals to Fix Florida’s Property Insurance Problems
Jun 12 2006 // Windstorm insurance companies would have to cover water damage caused by hurricanes under a proposal Democratic gubernatorial candidate Jim Davis released June 9, part of a multi-pronged proposal to solve the problems...
Windstorm Insurance May Be Problem as Hurricane Season Begins
Jun 12 2006 // U.S. commercial real estate (CRE) values in coastal areas, and in particular smaller multifamily properties, may suffer as insurance companies reduce loss exposure to hurricane-prone areas by increasing premiums, raising...
Research Team to Study Genesis of Monsoon Storms
Jun 12 2006 // A team of researchers from Alabama and other states will train an array of instruments skyward in Arizona this summer for an unprecedented study of the genesis of monsoon storms. About 20 scientists will spend July and...
