Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Declining rates fuel stand-alone terrorism market
Apr 17 2006 // With the exception of a few notorious hotspots, rates for stand-alone terrorism insurance have dropped by 40 to 50 percent since 2002, according to Aon’s Crisis Management division. The reductions have been driven by...
News Currents
Apr 17 2006 // Insurers well-braced for next big California earthquake When the next big earthquake strikes California, it’s unlikely to hurt the insurance industry as much as the last one did. The nation’s largest property...
Summation of Insurance-Related Bills Speeding Through Fla. Legislature
Apr 14 2006 // With Spring meetings of the Florida Legislature coming to an end in Tallahassee in May, the Florida Insurance Council has summarized insurance-related bills now being considered in the House and Senate. Sam Miller,...
Reports Say California Not Earthquake Proof, on 1906 Quake’s Anniversary
Apr 13 2006 // Standard & Poor’s Ratings Services recently noted in two articles, “San Francisco’s Credit Rating Is Strong–But Not Earthquake Proof” and “One Hundred Years Later, California...
FEMA: ‘We Will be Prepared for 2006 Hurricanes’
Apr 13 2006 // The nation’s top emergency planner is promising that the government has learned from past mistakes and will be prepared for the upcoming 2006 hurricane season. R. David Paulison, acting director for the Federal...
Hurricane Expert: ‘The 2006 Season CAN Be Worse than 2005’
Apr 13 2006 // With more than 55 million people living in coastal communities, the nation must learn from the 2004 and 2005 hurricane seasons and prepare now for what could be a worse 2006 season than what happened in 2005, a leading...
Insured Losses from March Tornadoes in Mo. Hit $394 Million
Apr 12 2006 // As state and federal teams assess damage from last week’s severe storms, losses from earlier storms and tornadoes are becoming clear, according to an Associated Press news account. The first round of severe weather...
Florida Senate’s Insurance Fix Hinges on Changes to Citizens
Apr 10 2006 // Owners of homes worth more than $1 million could continue to get hurricane coverage from state-run Citizens Property Insurance until 2011, but would pay a 25 percent surcharge for their coverage under a measure approved...
‘Tornado-like’ Storms Sweep Through Atlanta’s Suburbs
Apr 10 2006 // Storms swept through the Atlanta area early Saturday morning, causing “tornado-like” damage to homes and businesses in densely-populated suburbs, state officials said. Authorities said the storms damaged homes...
Insurance Industry on Solid Financial Footing, But Overall Results Mask Problems in Certain Lines, Locations
Apr 10 2006 // The property/casualty insurance industry will report an increase in its capital base and an overall profitable performance in 2005, enabling it to meet the insurance needs of the growing U.S. economy, according to...
Fla. Senate Looks for Ways to Solve Property Insurance Problems
Apr 7 2006 // With thousands of Floridians reeling from huge property insurance premium spikes as yet another hurricane season approaches, a Senate panel began discussion Wednesday of ways to fix what many say is a broken hurricane...
S&P Announces Revision in Assessing P/C Cat Risks
Apr 7 2006 // Standard & Poor’s Ratings Services announced that it has revised its criteria for measuring the catastrophe risk of primary P/C insurance companies, according to an article published today. The article, which is...
Miss. Kicks Off 2006 Hurricane Awareness Program
Apr 7 2006 // Local, state and federal officials have joined Governor Haley Barbour in announcing an eight-week informational campaign to help make Mississippians more aware of how to protect themselves as the 2006 hurricane season...
S&P Revises Outlook on Global Reinsurers to Stable; Teleconference Scheduled for Today
Apr 6 2006 // Standard & Poor’s Ratings Services announced that it has revised its outlook on the global reinsurance industry to stable from negative, “indicating that there will be little near-term movement in ratings...
Thousands of Claims Anticipated After Tenn., Ky. Tornado
Apr 6 2006 // The cleanup is underway in the aftermath of a large F-3 to F-4 tornado that tore a swath of death and destruction on Sunday evening through northern Tennessee and southern Kentucky, leaving 18 people dead and hundreds...
La. Bill Aims to Protect Post-Hurricane Volunteers From Lawsuits
Apr 6 2006 // Doctors who volunteer post-hurricane medical help in Louisiana need extra protection against malpractice lawsuits, a Louisiana House of Representatives committee decided April 4. Rep. Sidney Mae Durand said doctors from...
Consumer Groups Allege Insurance Wind Models More Politics Than Science
Apr 6 2006 // 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 justify insurance...
Declining Rates, Increasing Demand Fuel Stand-Alone Terrorism Market
Apr 6 2006 // With the exception of a few notorious hotspots, overall rates for stand-alone terrorism insurance have dropped by 40-50 percent since 2002, according to an update on the market by Aon’s Crisis Management Division....
Cleanup Begins After Storms Demolish Scores of Ark. Homes
Apr 5 2006 // Cheryl Ward stood next to her demolished house in Marmaduke, Ark., and put things in perspective. “None of this means anything when you’ve got one kid and your kid is safe,” she said. Nearly two-thirds of...
Top Meterologist Predicts 17 Named Storms Will Form in Atlantic Basin
Apr 4 2006 // A well-known meteorologist is predicting that 17 named storms will form in the Atlantic Basin during the 2006 hurricane season, and the 2006 Atlantic hurricane season will be much more active than the average 1950-2000...
