Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Citizens Stops Writing New Policies; Tropical Storm Orphelia Moving N.W. Toward Fla.
Sep 6 2005 // Citizens Property Insurance Corp., has stopped writing new policies or taking changes on exhisting policies in Florida due to the approach of Tropical Storm Orphelia. The tropical storm warning for Ophelia was issued at 11...
Insurers Tally Damage After Wisc. Tornadoes
Sep 5 2005 // Insurance companies are totaling up the damage from more than two dozen tornadoes that struck south-central Wisconsin in mid-August. Statewide, the storms resulted in one death, 30 injuries, 20-25 destroyed homes, and 200...
Disasters: Have They Become a Year-Round Phenomenon in California?
Sep 5 2005 // Are disasters in California happening more frequently or are communication technological advances today making us more aware of impending and hard hitting disasters? To really comprehend, we must examine how our state has...
Insurers Tally Damage After Wisc. Tornadoes
Sep 5 2005 // Insurance companies are totaling up the damage from more than two dozen tornadoes that struck south-central Wisconsin in mid-August. Statewide, the storms resulted in one death, 30 injuries, 20-25 destroyed homes, and 200...
Fla. Policyholders Face 6.8% Fee
Sep 5 2005 // A one-time 6.8 percent charge for all homeowner policyholders in Florida has been approved by the board of directors of the Citizens Property Insurance Corp., Florida’s insurer of last resort. The assessment is so...
Disasters: Have They Become a Year-Round Phenomenon in California?
Sep 5 2005 // Are disasters in California happening more frequently or are communication technological advances today making us more aware of impending and hard hitting disasters? To really comprehend, we must examine how our state has...
Typhoon Talim Hits Mainland China; 72 Dead; Thousands Homeless
Sep 5 2005 // At least 73 people have died in eastern China as Typhoon Talim slammed into the coast, triggering floods and landslides. China’s Xinhua News Agency reported that around 53 people have died in Anhui Province, the...
Storm Warnings
Sep 5 2005 // As the hurricane season recently entered its third month, a London-based storm forecaster reported that a higher-than-usual number of hurricanes are expected to hit the United States this year. Tropical Storm Risk...
Storm Warnings
Sep 5 2005 // As the hurricane season recently entered its third month, a London-based storm forecaster reported that a higher-than-usual number of hurricanes are expected to hit the United States this year. Tropical Storm Risk...
RMS Revises Hurricane Katrina Loss Estimate to $20-$35 Billion
Sep 4 2005 // Risk Management Solutions (RMS) increased its estimated insured losses forecast for Hurricane Katrina’s direct impact to $20-$35 billion late last week. When Katrina’s landfall, RMS released a preliminary...
The Allstate Foundation Earmarks $1M for Hurricane Katrina Recovery
Sep 2 2005 // The Allstate Foundation is establishing a $1 million “Hurricane Recovery Fund” to aid the thousands of Hurricane Katrina victims. Foundation funds will be administered by organizations in the affected...
RMS Totals Economic Loss for Katrina at $100 Billion+
Sep 2 2005 // Risk Management Solutions announced that the economic loss from Hurricane Katrina and subsequent flooding in New Orleans is expected to exceed $100 billion. Losses are resulting from two separate catastrophic events:...
Fireman’s Fund Declares Moratorium On Policy Cancellations for Hurricane Katrina Victims
Sep 2 2005 // Fireman’s Fund Insurance Co. based in Novato, Calif., has declared a temporary moratorium on canceling or non-renewing personal and commercial insurance policies in areas severely affected by Hurricane...
Industry Reaches Out to Lead Hurricane Katrina Recovery Efforts
Sep 2 2005 // Join the Insurance Industry Charitable Foundation (www.iicf.org) and Insurance Journal for a nationwide campaign to raise funds on behalf of the insurance industry in support of Hurricane Katrina relief efforts. President...
Miss. Insurers Directed to Grant Grace Periods in Hurricane-Impacted Areas
Sep 2 2005 // Mississippi Insurance Commissioner George Dale has requested all insurance companies doing business in Mississippi to grant a 60-day grace period for collection of insurance policy premiums owed by residents of the state...
Fitch: Katrina May be Most Costly U.S. Insured Loss Ever
Sep 2 2005 // Fitch Ratings on Friday updated its analysis of Hurricane Katrina. The range of estimated insured losses continues to be very wide and Fitch believes it will be a long time before these estimates are refined. Nonetheless,...
Regulators Say Industry Prepared for Katrina’s Cost
Sep 2 2005 // The National Association of Insurance Commissioners (NAIC) says that while the damages from Hurricane Katrina may set record losses, the property and casualty industry maintains the adequate capital and liquidity required...
IIAT Spearheads Aid Drive for Hurricane Katrina Victims
Sep 2 2005 // The Independent Insurance Agents of Texas is spearheading a relief effort of agent donations by contributing $25,000 to assist independent agents in Louisiana, Mississippi and other states who are victims of Hurricane...
‘Casual Friday’ Kicks Off NAMIC ‘Hurricane Katrina Relief Fund’ to Aid the American Red Cross
Sep 2 2005 // A Hurricane Katrina relief fund has been established by the National Association of Mutual Insurance Companies with contributions going directly to the American Red Cross, according to Chuck Chamness, NAMIC president. The...
Swiss Re Estimates Katrina Claims at Around $500M
Sep 1 2005 // Swiss Re announced that, based on its preliminary estimate, it expects claims related to Hurricane Katrina to be in the range $500 million (CHF 625 million) before tax. “Swiss Re expects Hurricane Katrina to cost the...
