Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
XL Capital Reports Q4 2005 Net Loss of Nearly $822M
Feb 7 2006 // Bermuda’s XL Capital Ltd. has reported a net loss to ordinary shareholders for the quarter ended Dec. 31, 2005 of $821.9 million, or a net loss of $5.51 per ordinary share, compared with net income of $288.0 million,...
Aon Impact Forecasting Team Releases Report on Atlantic Storms
Feb 6 2006 // It was a year with more storms in the Atlantic than any other on record, and it was also the costliest hurricane season ever. Impact Forecasting, a wholly owned subsidiary of Aon Corporation, studies some of the possible...
PartnerRe Sees Q4 Net Loss of $33.6M
Feb 6 2006 // Bermuda-based PartnerRe Ltd. reported a net loss of $33.6 million, or $0.76 per share, for the fourth quarter of 2005. This net loss includes net after-tax realized gains on investments of $37.0 million or $0.66 per share....
The big one
Feb 6 2006 // Is this the year Texas will be hit by the “big one?” Last year, Louisiana and Mississippi got hammered, Alabama and Florida, too, along with the year before. The big one, of course, is a hurricane–a...
Insurers seek bond measures for Texas catastrophe fund
Feb 6 2006 // Taking a cue from the Scout motto “Be Prepared,” a group of insurers is recommending legislation that would allow for generating funds to help pay for the reconstruction of the Texas coast should a powerful...
Time to reflect on hurricane lessons learned
Feb 6 2006 // There is no doubt that 2005’s unprecedented hurricane season stretched the human resources of the entire claims industry. Qualified, experienced adjusters were in high demand and short supply. While there are still...
Government estimates its cost under terrorism insurance extension
Feb 6 2006 // The Congressional Budget Office is projecting a government cost of $1.5 billion through the next 10 years under the legislation extending the Terrorism Risk Insurance Act of 2005 (S. 467). However, despite weighing...
TREASURY CLARIFIES LIABILITY UNDER TERRORISM REINSURANCE
Feb 6 2006 // Insurers writing monoline farm policies and incidental professional liability coverage may face additional work to clarify coverage for their insureds under the federal terrorism reinsurance program. Officials of the U.S....
Editor’s Note: Who will be Florida’s governor?
Feb 5 2006 // Two Democrat and two Republican candidates are in an all-out battle to gain support as the candidate for governor. Visibility, action and the public’s conception of how the candidate’s actions affected them...
Colorado State U. review finds 2005 hurricane season ‘Most active
Feb 5 2006 // A list of the 2005 hurricane season’s most unique characteristics and facts has been released by Colorado State University. A CSU statement said that the just-completed hurricane season was the most active and...
While the industry can almost certainly handle a single storm such as Katrina, should we realistically expect it to hand
Feb 5 2006 // There is no doubt that 2005’s unprecedented hurricane season stretched the human resources of the entire claims industry. Qualified, experienced adjusters were in high demand and short supply. While there are still...
News Currents
Feb 5 2006 // Bill Bailey, director of the Hurricane Insurance Information Center Windstorm Conference speaker doesn’t think Mississippi wind vs. flood suits will succeed After 2004, 2005 hurricane season, record attendance...
News Currents
Feb 5 2006 // Insurers seek bond measures for Texas catastrophe fund Taking a cue from the Scout motto “Be Prepared,” a group of insurers is recommending legislation that would allow for generating funds to help pay for the...
Editor’s Note:
Feb 5 2006 // The insurance industry is expected to pay out a record $56.8 billion for 2005 insured residential and business property losses. Is this the year Texas will be hit by the “big one?” Last year, Louisiana and...
News Currents
Feb 5 2006 // Bill Bailey, director of the Hurricane Insurance Information Center Windstorm Conference speaker doesn’t think Mississippi wind vs. flood suits will succeed The controversy over litigation about wind vs. flood damage...
Time to reflect on hurricane lessons learned
Feb 5 2006 // There is no doubt that 2005’s unprecedented hurricane season stretched the human resources of the entire claims industry. Qualified, experienced adjusters were in high demand and short supply. While there are still...
Government estimates its cost under terrorism insurance extension
Feb 5 2006 // The Congressional Budget Office is projecting a government cost of $1.5 billion through the next 10 years under the legislation extending the Terrorism Risk Insurance Act of 2005 (S. 467). However, despite weighing...
Treasury clarifies liability under terrorism reinsurance
Feb 5 2006 // Insurers writing monoline farm policies and incidental professional liability coverage may face additional work to clarify coverage for their insureds under the federal terrorism reinsurance program. Officials of the U.S....
High Winds Leave Heavy Damage in Hurricane-Hit Areas of New Orleans
Feb 3 2006 // A violent thunderstorm swept through neighborhoods in New Orleans hit hard by Hurricane Katrina, tearing off roofs, knocking down utility poles and collapsing at least one previously storm-damaged house early on Feb. 2,...
Experts Predict Devastating Ariz. Wildfire Season
Feb 3 2006 // Dry conditions this year and heavy moisture last year could combine to make Arizona’s imminent wildfire season the most devastating yet, experts told Arizona Gov. Janet Napolitano at a roundtable discussion. While...
