Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Safeco Estimates Losses From Hurricane Charley
Aug 25 2004 // Seattle-based Safeco announced that claims stemming from Hurricane Charley are estimated at $45 million in pretax catastrophe losses. This figure represents the estimated losses both from claims received through Aug. 24,...
ISO: Insurers to Pay Estimated $6.8 Billion on Charley
Aug 25 2004 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6.8 billion for insured property losses from Hurricane Charley, according to preliminary estimates by ISO’s Property Claim...
Strategic Planning is Key to Wildfire Recovery
Aug 25 2004 // As the anniversary of the 2003 wildfires approaches, fire survivors may face deadlines for replacing possessions and for the additional living expenses provided by their home insurance coverage. A careful review of their...
Fla. Notes ‘Bridge Loans’ Available Following Charley
Aug 25 2004 // Florida Gov. Jeb Bush has announced the activation of Florida’s Small Business Emergency ‘Bridge Loan’ Program to provide emergency, short-term loans to businesses located in counties most severely...
Platinum Estimates Net Impact From Hurricane Charley at $20 Million to $35 Million
Aug 24 2004 // Platinum Underwriters Holdings, Ltd. announced that on the basis of currently available information, it estimates that after-tax losses from Hurricane Charley, net of reinstatement premiums, will range from $20 million to...
Typhoon Aere Bearing Down on Taiwan
Aug 24 2004 // Typhoon Aere is reported to be on a collision course towards Taipei, the capital of Taiwan, after pelting the northern portion of the island with high winds and rain. According to forecasters’ estimates the storm is...
White Mountains, Montpelier Re Hurricane Charley Loss Estimates May Top $100 Million
Aug 24 2004 // In separate announcements Bermuda’s White Mountains Insurance Group, Ltd. and its insurance operation, Montpelier Re Holdings Ltd., released estimates of losses the companies may suffer as a result of claims from...
Starr Foundation to Donate $1 Million to Hurricane Charley Relief Efforts
Aug 24 2004 // An announcement from American International Group notes that the Starr Foundation will donate $1 million to the Hurricane Charley relief effort. “The donation, which will be managed by the Volunteer Florida...
Ohio Casualty Corp. Announces Loss Estimates from Hurricane Charley
Aug 24 2004 // Ohio Casualty Corporation announced that it expects net catastrophe losses in the range of $6 to $8 million before-tax from Hurricane Charley. The catastrophe loss impact for Hurricane Charley is expected to add...
Right This Way! Hotels Make Room for Risk Management
Aug 23 2004 // In the months after the Sept. 11 terrorist attacks, the U.S. hospitality industry took a one-two punch. Travel and tourism plummeted as worried Americans canceled vacation plans and cautious businesses cut back on trips....
Charley Not as Bad as Andrew but Bad Enough
Aug 23 2004 // As the remnants of Hurricane Charley disintegrated off the New England coast Aug. 15, Florida officials estimated the storm caused $5 billion to $11 billion in damage to insured homes. At least 15 people were killed. The...
Being Prepared
Aug 23 2004 // Hurricanes are terrible, frightening things, as Florida residents battered by Hurricane Charley are finding out once again. As they do every spring and summer the National Oceanic Atmospheric Administration, the Federal...
Hurricane Spin-down
Aug 23 2004 // Nuts & Bolts: ACE USA introduced hurricane spin-down insurance that can be used by the chemical process industry to help reduce the financial costs of closing down plant operations in response to the threat of a...
Have Catastrophe Risks’ ‘Bring ‘Em On!’ Says Specialized Writer ICAT
Aug 23 2004 // The map shows a thin blue line skirting the edge of the Gulf and Atlantic coasts from Louisiana around Florida and all the way up to Maine to highlight the hurricane states. The blocks of red across the Western territories...
Homeowners in Hurricane Paths Hit with High Insurance Costs
Aug 23 2004 // Retired police officers Ed and Nancy McCue are thinking about leaving their dream home near the shores of Biscayne Bay because it’s in a prime area for hurricanes. It’s not the storm threat itself that’s...
Bracing for the Worst: Industry Prepares for Another Wildfire Season
Aug 23 2004 // The fire season started early this year. Wildfires erupted all over California and in Nevada in mid-July, forcing thousands to evacuate and destroying several homes and outbuildings. Affected areas in California included...
AIR Releases 2004 U.S. Storm, Terrorism Models
Aug 23 2004 // AIR Worldwide Corp. announced the release of its 2004 U.S. hurricane, earthquake, severe thunderstorm and terrorism models. The updated models reflect the latest scientific and engineering research into these perils, as...
PartnerRe, Converium, Transatlantic and SCOR Give Preliminary Loss Estimates from Hurricane Charley
Aug 20 2004 // Bermuda-based PartnerRe Ltd. estimated that claims relating to its exposure to Hurricane Charley are expected to be between $35 and $45 million. Transatlantic Holdings, Inc. announced from New York that its estimated net...
Panel Takes Fresh Look at Terrorism
Aug 20 2004 // In a code orange New York, the International Association of Industrial Accident Boards and Commissions (IAIABC) took a fresh look at terrorism and its relation to workers’ compensation at its recent 90th Annual...
NICB: Fla. Hurricane Victims Beware
Aug 19 2004 // Victims of Hurricane Charley in Florida may be the target of unscrupulous contractors and others who prey on people who are beginning to rebuild their homes and businesses, warns the National Insurance Crime Bureau...
