Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Fla. Hurricane Property Losses Now Top $21.6 Billion
Jan 19 2005 // Total property losses from the four major hurricanes that struck Florida in 2004 now top $21.6 billion according to data presented to members of a Select Joint Committee on Hurricane Insurance. The latest estimate,...
CIWA Donates to ARC Following Tsunami Disaster
Jan 19 2005 // The California Insurance Wholesalers Association (CIWA) recently agreed to donate $600 to the American Red Cross Disaster Relief Fund in the wake of the tsunami disaster in Southeast Asia. Incoming CIWA President Mark...
Crawford & Co., GAB Robins Adjusters See Tsunami Destruction Up Close
Jan 17 2005 // While the official death toll may never be known, the reaction to last month’s killer earthquake and tsunamis in Southeast Asia continues. Insurance Journal recently spoke with several individuals whose companies...
AIR White Paper Analyzes Multiple Catastrophes
Jan 14 2005 // Boston-based AIR Worldwide Corporation has released a white paper entitled “Analyzing and Preparing for Multiple Event Seasons,” which it said demonstrates how the industry can “prepare for multiple...
Munich Re Analyzes “Megacities” Vulnerability
Jan 14 2005 // Munich Re presented its views at the UN’s World Conference on Disaster Reduction on the special problems faced by Megacities, defined as “conurbations with ten million or more inhabitants.” These large...
SCOR to Help Tsunami Victims
Jan 14 2005 // France’s SCOR Group announced that it has mobilized to help the Indian Ocean victims of the Tsunami, initially contributing 150,000 euros ($197,000) to the aid campaign. The amount “represents one per thousand...
PCS to Provide CAT Designations, Loss Estimates for Terrorist Acts and Outsized Workers’ Comp Events
Jan 14 2005 // ISO’s Property Claim Services (PCS) unit has expanded its services to include loss estimates for potential catastrophic terrorism losses. PCS this week announced it will assign catastrophe serial numbers to potential...
PCI Asks Fla. Committee: Give Hurricane Reforms Time Before Making Changes
Jan 14 2005 // The Property Casualty Insurers Association of America urged Florida lawmakers meeting today in Tallahassee to allow the reforms made to hurricane insurance deductibles during the special legislative session to have time to...
Lloyd’s Chairman Warns Insurers 2005 Will Be Critical For Rebuilding Industry’s Reputation
Jan 13 2005 // A record year of natural disaster losses and Eliot Spitzer’s investigations into payment practices highlighted the urgent need for the insurance industry to tackle its reputation and practices during 2005, Lord...
Southeast Asia Tsunami Caused Havoc on Marine Fisheries, Aquaculture Infrastructure
Jan 13 2005 // The tsunami waves have had a devastating impact on the fisheries sector in many countries of the Indian Ocean, the Food and Agriculture Organization of the United Nations (FAO) said Thursday. In Sri Lanka, more than 7,500...
Fla. Legislative Committees Preparing for 2005 Session
Jan 12 2005 // An overview of property and casualty issues, homeowners, commercial property, PIP, medical malpractice and workers’ compensation have been presented to Florida legislative committees by Gary Guzzo, Florida Insurance...
PartnerRe: Tsunami Claims Likely $25M-$35M
Jan 11 2005 // Bermuda-based PartnerRe Ltd. on Tuesday estimated that claims relating to its exposure to the earthquake and resulting tsunami in Southeast Asia on Dec. 26, 2004 are expected to be between $25-$35 million. PartnerRe...
Snow-birds Flocking to Fla., Filing 8,000 Damage Claims Per Week
Jan 10 2005 // Snow-birds who only come to Florida in the winter are accounting for an average of 8,000 new hurricane damage claims per week according to the Hurricane Insurance Information Center and the Florida Insurance Council. More...
Tsunami Death Toll Rises as Indonesian Casualties Increase
Jan 7 2005 // As U.N. Secretary-General Kofi Annan toured the devastation on tsunami-battered Sumatra island Friday, officials raised the Indonesian death toll by 7,000. The added deaths brought the total killed in the Dec. 26...
Allianz Providing ‘On the Ground’ Help for Tsunami Victims in Phuket
Jan 6 2005 // Germany’s Allianz announced that it has been providing “on the ground” support to customers in Phuket, Thailand, the popular tourist island which was hit by the tsunamis that devastated Southeast...
Mutiple Deductible Reimbursement Program Lauched to Aid Fla. Hurricane Victims
Jan 6 2005 // The program to reimburse Floridians who were subject to multiple insurance deductibles because their homes were damaged by more than one hurricane in 2004 was launched today by Florida’s Chief Financial Officer Tom...
IUA Offers Condolences to Tsunami Victims; Estimates Insured Losses to Members at $5 to $10 Billion
Jan 5 2005 // The London-based International Underwriting Association has issued a statement offering its condolences to the relatives of victims of the Asian tsunami disaster. IUA Chief Executive Marie-Louise Rossi, stated: “The...
U.S. Death Toll in Tsunami Disaster Rises to 36; Aid Continues to Arrive in Stricken Areas
Jan 5 2005 // The American death toll from last month’s killer earthquake and tsunamis in Southeast Asia was reportedly increasing to 36 on Wednesday as officials added 20 more presumed dead to the list of 16 already...
Chubb Unveils $1 Million Fund for Tsunami Relief
Jan 4 2005 // The Chubb Corp. has established a $1 million fund for disaster relief efforts related to the recent earthquake and tsunami in Asia. Chubb will make direct contributions to disaster relief organizations and will match...
Early Bird Survey Shows Slowing of 2005 P/C Premium Growth
Jan 3 2005 // 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 current and coming year. This year, III invited experts...
