Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Insurers Unveil ‘Market-Based’ Proposals to Boost Private Terrorism Insurance
Jul 27 2005 // Property casualty insurers have outlined what they term a “market-based” approach to providing terrorism risk insurance. The proposals include repeal of some state laws on fire policies and creation of a...
Key Elements of PCI’s ‘Market-Based’ Plan for Terrorism Risk Insurance
Jul 27 2005 // Key Elements in a Market-Based Approach to Terrorism Insurance Property Casualty Insurers Association of America Presented to the House Financial Servcies Committee July 26, 2005 Fundamental Objectives Fundamental...
TDI Available for Questions About Hurricane Emily Claims
Jul 27 2005 // A week after Hurricane Emily made landfall in northern Mexico many of those in South Texas who suffered damage from the storm are now settling insurance claims and making repairs. Once a settlement is reached, insurance...
Greater N.Y. Mutual CEO Makes Case for Terror Coverage; NAMIC Suggests Britain’s Pool Re as Model
Jul 27 2005 // Warren Heck, chairman and chief executive officer of Greater New York Mutual Insurance Company in New York, N.Y., brought his company’s front line experience with terrorism risk before a House Financial Services...
Valley Residents Repairing Storm Damage May Need to Have a Windstorm Inspection Done
Jul 27 2005 // In order to retain or acquire Windstorm Insurance from the Texas Windstorm Insurance Association (TWIA) residents of Texas’14 coastal counties, which include Cameron and Willacy Counties, must obtain a Windstorm...
Could This Hurricane Season Break 21-Storm Record?
Jul 27 2005 // The United States has already experienced seven named storms in less than six weeks, at this rate, 22 systems would form by Nov. 30, which would break the 21-storm record established in 1933. According to the National...
Hurricane Sales Tax Measure Dies in Alabama; Sponsors Pledge to ‘Try Again Next Year’
Jul 26 2005 // Although an effort was mounted during Alabama Legislature meetings in Montgomery to grant a sales tax break on necessary supplies to prepare for a hurricane, the measure was not passed, but its sponsor Rep. Spencer...
Hurricane Dennis Losses Estimated at $900 Million in Four S.E. States
Jul 26 2005 // Insurance companies are expected to pay policyholders in four states $900 million on claims for insured property losses from Hurricane Dennis according to damage estimates released by the Florida Insurance Council and...
Progressive Settles 80 Percent of Hurricane Dennis Fla. Auto Claims
Jul 26 2005 // Hurricane Dennis hit the Florida Panhandle 16 days ago, yet Progressive, Florida’s fourth largest auto insurer reports it has settled 80 percent of its auto claims resulting from the hurricane. “The phones...
Pensacola, Fla.’s Gasoline Supplies ‘Dry Up’ After Hurricane Dennis
Jul 25 2005 // In the aftermath of Hurricane Dennis, Pensacola, Fla. gasoline station owners and employees are pleading with suppliers to make more deliveries. The gasoline shortage is due to area resident’s reaction to Hurricane...
Fla. Commissioner McCarty Issues Statement Backing TRIA’s Renewal
Jul 22 2005 // The removal of the Terrorism Risk Insurance Act, set to expire Dec. 31, could return the insurance market to the uncertainty of the aftermath of Sept. 11, 2001, according to Florida Insurance Commissioner Kevin...
TDI Urges Coastal Residents to Review Insurance Coverages
Jul 22 2005 // During this already active hurricane season, officials at the Texas Department of Insurance are reminding all Gulf Coast home and business owners that is important to periodically review your insurance policies to ensure...
Labor, Material Shortages Result in Unfinished Repairs in Florida
Jul 21 2005 // Contractors attempting to rebuild buildings destroyed in the Florida Panhandle by Hurricane Ivan last year, and Hurricane Dennis this month, claim their inability to complete repairs is due to a lack of labor; while...
AIG Disaster Relief for Tsunami Victims Enters Reconstruction Phase
Jul 20 2005 // Now that immediate efforts to assist tsunami victims with housing and food relief are well underway, the AIG Disaster Relief Fund and CHF International are joining together to begin the next critical phase of long-term...
Second Time Around, Emily Hits Northeastern Mexico
Jul 20 2005 // A Category 3 storm with 125 mph winds, Hurricane Emily blew into the Mexican state of Tamaulipas about 75 miles south of Brownsville early Wednesday morning, forcing residents along a wide swath of northeastern Mexico to...
ASUR Reports Small Impact from Hurricane Emily
Jul 19 2005 // Grupo Aeroportuario del Sureste S.A. de C.V. (ASUR) announced that its Cancun, Cozumel, and Merida airports were temporarily closed as a safety precaution in anticipation of Hurricane Emily. The three airports have since...
Miss. Insurance Department Cautions: ‘Be Prepared, Vigilant’ for Hurricanes
Jul 19 2005 // Mississippi Insurance Commissioner George Dale has cautioned everyone to be “prepared and vigilant” for what could be a very active hurricane season. When it was unsure where Hurricane Dennis would go,...
Success Stories Abound at ICT’s Mid Year Symposium
Jul 19 2005 // Speakers at the Insurance Council of Texas’ 2005 Mid Year Property and Casualty Symposium had good news to tell about both the property and casualty industry and the 2005 regular session of the Texas Legislature. The...
The London Bombings: Terror Pool Will Help Cover Losses
Jul 18 2005 // Sept. 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, sent...
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 49 people, sent...
