Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
N.Y. Lawmakers Call for Federal, State Catastrophe Funds
Jan 23 2006 // Three elected representatives from New York joined with a leading homeowner’s insurance company last week in a call for increased government involvement in providing reinsurance for catastrophes. Congressman Steve...
Springing Back
Jan 23 2006 // In the insurance world catastrophes pretty much defined what 2005 was all about; 2004, as well, for that matter. As devastating as all the hurricanes, tsunamis and earthquakes were for the people who suffered from them,...
Arson suspected in Texas wildfires
Jan 23 2006 // Some 70 fires thought to be work of arsonists Many of the wildfires that plagued Texas during the first half of January 2006 may have been started intentionally, according to the Texas Forest Service. Some 70 wildfires in...
I.I.I.: CLAIMS IN LA. EQUAL TO 25 YEARS OF PREMIUMS
Jan 23 2006 // The record total of homeowners insurance claims payments resulting from the 2005 hurricanes in Louisiana is enough to wipe out all homeowners premiums paid in the state during the past 25 years, as well as every dollar of...
Analysts predict faster P/C premium growth, underwriting profit
Jan 23 2006 // Each year the Insurance Information Institute invites a panel of Wall Street stock analysts and industry professionals to review the prospects for the industry in the year ahead. This year’s survey results indicate...
A seriously shaken reinsurance industry rebuilds
Jan 23 2006 // Although Katrina is long gone, the clouds of misfortune she and her sisters generated will linger for decades. They radiate well beyond Louisiana, Florida, Texas, Mississippi, Alabama and other regions into the heart of...
2006 looking good already for P/C industry
Jan 23 2006 // ‘The expectation for a third consecutive underwriting profit in 2006 is, of course, predicated on the belief that catastrophe activity will return to more “normal” levels. Record catastrophe losses will...
Regulatory modernization tops industry’s legislative agenda for 2006
Jan 23 2006 // With the extension of the Terrorism Risk Insurance Act, passage of federal class action and crop insurance reform, enactment of asbestos reform in several states and some changes in state laws on pricing, property/casualty...
2006 hurricane preparations top Mississippi’s legislative agenda
Jan 23 2006 // PCI pushing for stronger building codes Enacting and enforcing a strong statewide building code could save billions of dollars in damages from hurricanes and should be among the top priorities of Mississippi lawmakers...
Fla. Insurance Council predicts hurricane coverage utmost concern
Jan 23 2006 // Florida Insurance Council Executive Vice President Sam Miller predicts hurricane insurance will be the most significant property and casualty issue in 2006, just as it was in 2005, on the state level. “Congress, at a...
Hawaii recognized as first state to be tsunami and storm ready
Jan 23 2006 // The National Weather Service has declared Hawaii the first state in the nation to be tsunami- and storm-ready. Only 23 communities in the nation are tsunami-ready, according to David L. Johnson, director of the...
2006 already looking good for the property/casualty industry
Jan 23 2006 // Record catastrophe losses will weigh heavily on 2005’s underwriting results, according to the Insurance Information Institute’s recent “Earlybird Forecast Survey,” but the survey of Wall Street...
Earlybird Forecast
Jan 22 2006 // Record catastrophe losses will weigh heavily on 2005’s underwriting results, according to the Insurance Information Institute’s Earlybird Forecast Survey, but the survey of Wall Street stock analysts and...
Earlybird Forecast
Jan 22 2006 // 2006 looking good already for P/C industry Record catastrophe losses will weigh heavily on 2005’s underwriting results, according to the Insurance Information Institute’s recent Earlybird Forecast Survey, but...
Looking at 2005 accomplishments
Jan 22 2006 // PIA of Fla.: Citizens will be ‘Biggest challenge of 2006’ The biggest challenge faced by Florida insurance agents and a topic which will also be discussed by the Legislature during its spring sessions will be...
News Currents
Jan 22 2006 // 2006 hurricane preparations top Mississippi’s legislative agenda PCI pushing for stronger building codes Enacting and enforcing a strong statewide building code could save billions of dollars in damages from...
Editor’s Note: Springing Back
Jan 22 2006 // Despite losses from the 2005 hurricane season, property and casualty insurance company failures de-clined 44 percent from the previous year. In the insurance world catastrophes pretty much defined what 2005 was all about;...
I.I.I.: Claims in La. Equal to 25 Years of Premiums
Jan 22 2006 // The record total of homeowners insurance claims payments resulting from the 2005 hurricanes in Louisiana is enough to wipe out all homeowners premiums paid in the state during the past 25 years, as well as every dollar of...
Arson suspected in Texas wildfires
Jan 22 2006 // Many of the wildfires that plagued Texas during the first half of January 2006 may have been started intentionally, according to the Texas Forest Service. Some 70 wildfires in Texas are thought to have been started by...
Earlybird Forecast
Jan 22 2006 // Fortunately for insurers, 2006 will likely feature far fewer screaming headlines announcing investigations into various insurance industry practices such as broker compensation and finite reinsurance. Each year the...
