Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Dennis Slams Fla. Panhandle; AIR Damage Estimate $1B to $2.5B
Jul 18 2005 // Hurricane Dennis slammed into the northern coastline of the Gulf of Mexico between Pensacola Beach and Navarre Beach, Fla. July 10 shortly after 3 p.m. (EDT) packing top sustained winds of 120 mph. The hurricane lost...
Anytime, Anywhere
Jul 18 2005 // The bombings of London’s transportation system on July 7 were a reminder once again that a sad fact of the world we live in is that those with a mind for destruction are not only capable of, but are more than willing...
The Threat Remains: With or Without TRIA, Terrorism Still a Top Concern
Jul 18 2005 // The insurance industry expressed its disappointment over the June 30 release of the Treasury Department’s report announcing its opposition to the renewal of the Terrorism Risk Insurance Act by Congress in its current...
The London Bombings: Terror Pool Will Help Cover Losses
Jul 18 2005 // September 11, March 11, July 7–dates on a calendar until 2001, 2004 and now 2005. Everyone living, and numbers yet unborn, will remember those dates. The latest terrorist attacks in London killed at least 52 people,...
Hurricane Emily on the Prowl in Yucatan; Texas Coast Prepares for Storm This Week
Jul 17 2005 // The season’s second major hurricane set its sights on Mexico’s Yucatan Peninsula and the tourist haven of Cancun on Sunday, with the Category 4 storm possibly visiting the Texas Gulf Coast later this...
OSHA Issues Alert on Dangers Involving Cleanup, Recovery from Hurricanes
Jul 15 2005 // The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) is urging employers and workers to take appropriate safety measures to avoid injury and illnesses associated with the recovery and...
Insurers Advise Texas Gulf Residents to Prep for Hurricanes as Season Unfolds
Jul 15 2005 // Residents along the Gulf Coast of Texas can learn a lot from the experiences of those people in Florida who were victims of multiple hurricanes last year, according Sandra Ray, public affairs director of Southwestern...
Fitch Affirms RenaissanceRe’s Ratings
Jul 15 2005 // Fitch Ratings has affirmed the ‘A-‘ long-term and senior debt ratings and ‘BBB+’ preferred stock rating on RenaissanceRe Holdings Ltd. (RenRe). Additionally, Fitch has affirmed the...
RMS Revises Dennis Loss Estimate to $1B – $3B
Jul 14 2005 // Risk Management Solutions revised its insured U.S. loss estimate from $1 billion to $5 billion to $1 billion to $3 billion from Hurricane Dennis, reflecting observations of their field reconnaissance team and additional...
Tropical Storm Emily Fast Moving; Expected to Become a Hurricane Soon
Jul 13 2005 // Tropical Storm Emily had 60 mph winds early Wednesday morning and was continuing on its path into the Caribbean. The National Weather Service reported at 5 a.m. its eye was 260 miles southeast of Barbados at latitude 11.1...
House Chair Oxley Vows Terrorism Insurance Bill This Year
Jul 13 2005 // The chairman of the House committee dealing with terrorism insurance and renewal of the Terrorism Risk Insurance Act vowed Wednesday to have a bill out of committee this year. “I am committed to delivering a bill...
Lloyd’s Licenses RMS Catastrophe Modeling Software
Jul 12 2005 // Risk Management Solutions (RMS) announced that Lloyd’s has licensed the RiskLink catastrophe modeling software which will be used by the Loss Modeling team. This license agreement is a testament to the continuing...
Hurricane Dennis’s Bark Was Worse Than Its Bite; Carriers, Associations Evaluating Damages
Jul 12 2005 // As Hurricane Dennis approached Key West, Fla., large insurance carriers, expecting and preparing for the worst, alerted hundreds of adjusters to proceed to Florida and Alabama, and put hundreds of other employees on...
Safeco Team Deployed to 3 States for Hurricane Dennis
Jul 12 2005 // Seattle-based Safeco’s National Catastrophe Team has deployed additional claims professionals to Alabama, Florida and Georgia to aid customers recovering from Hurricane Dennis. Safeco’s claims personnel are...
Hurricane Center Watching Tropical Storm Emily
Jul 12 2005 // Tropical Storm Emily, the fifth named storm of the Atlantic hurricane season, developed late on Monday but was still far out in the ocean and several days away from posing a threat to any inhabited areas. Emily, given...
Fitch Reports Hurricane Dennis Could Have Implications for Fla. Market
Jul 12 2005 // Chicago-based Fitch Ratings states that Hurricane Dennis is expected to represent a material loss to the insurance industry. Dennis came ashore on Sunday, July 10, at 3:25 p.m., on Santa Rosa Island, Fla., as a Category 3...
Fla. CAT Fund Has $3B Available for Hurricane Claims
Jul 12 2005 // Almost $3 billion is available to pay for claims from Hurricane Dennis and any other storms that may hit the state according to Mike McCauley, a spokesman for the Florida Hurricane Catastrophe Fund. Risk assessment groups...
Citizens Activates Hotline, Dispatches Response Unit; Only a Few FAIA Agents Report Damage
Jul 11 2005 // Citizens Property Insurance Corp. reports it has set up its “storm claims hotline,” and has dispatched a claims response unit to Milton, Fla.; while the Florida Independent Insurance Agents reports most of its...
Mercury Group Teams Mobilize to Help Victims of Hurricane Dennis
Jul 11 2005 // Mercury Insurance Group emergency response teams have mobilized to support its policyholders with claims resulting from Hurricane Dennis. The response teams are now in place and prepared to immediately deploy to impacted...
Hurricane Dennis’ Insured Losses Estimated to Reach $2.5 Billion
Jul 10 2005 // AIR Worldwide estimates insured losses in the United States from Hurricane Dennis will be between $1 billion to $2.5 billion. Although Dennis made landfall in the same region as Hurricane Ivan in 2004, insured losses from...
