Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
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...
Commercial Property Market Survives Extraordinary and Ordinary Catastrophes
Jan 3 2005 // The commercial property market took a huge hit from four major hurricanes that struck the U.S. mainland this past year. The full effects may have yet to be felt, however, it looks like commercial property insurers came...
Florida: Still a Long Way to Go
Jan 3 2005 // Disgruntled homeowners attempting to repair residences destroyed by hurricanes Charley, Frances, Ivan and Jeanne applauded Florida legislators after they unanimously approved a bill to reimburse them for multiple...
N.C. GOV. APPROVES $90M FOR HURRICANE RELIEF:
Jan 3 2005 // North Carolina Gov. Mike Easley approved a request from the Western Recovery Task Force to provide assistance to local governments affected by six storms that inflicted heavy losses in North Carolina last fall. In response...
WINDSTORM CONFERENCE SLATED IN TAMPA:
Jan 3 2005 // Max Mayfield, National Hurricane Center director and Bill Bailey, Hurricane Insurance Information Center director will join leading property insurance industry experts speaking at the Feb. 1 — 4, Sixth Annual...
Fla. Legislature Approves Refunds, Slates Special January Sessions
Jan 3 2005 // Florida’s storm-ravaged hurricane victims made top-of-the page headlines in newspapers and were interviewed “Live at Five” on television news broadcasts during mid-December as the Florida Legislature met...
