Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
President Bush Declares Third Major Disaster for Florida as Result of Ivan
Sep 16 2004 // The head of the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced today that President Bush has ordered the release of all necessary federal disaster aid resources for...
S&P: Challenges to Property Catastrophe Reinsurers
Sep 16 2004 // Standard & Poor’s Ratings Services has published a review of the property catastrophe reinsurance industry, titled “Is Property Catastrophe Reinsurance a Commodity,” examining its commodity-like...
Industry-Backed Study Claims TRIA Extension Would Strengthen U.S. Economy
Sep 15 2004 // A study, commissioned by the American Insurance Association, Financial Services Roundtable, National Association of Mutual Insurance Companies, National Council on Compensation Insurance, Property Casualty Insurers...
Hurricanes Have Travelers Flocking to Insurance Hotline
Sep 15 2004 // As Hurricane Ivan approaches the southeastern U.S. from the Caribbean, anxious travelers have the phones ringing at Travel Guard International. “As the hurricane approaches, causing evacuations and cancelled flights,...
RMS: Potential Losses for Ivan $4 to $10 Billion
Sep 15 2004 // Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, said that insured losses in the U.S. could range from $4 to $10 billion if Hurricane Ivan follows the latest...
Ivan Sets His Sights on Gulf Coast; Residents from Florida to Louisiana Get Suitcases Packed
Sep 14 2004 // Having left a swath of destruction from Grenada to Cuba, Hurricane Ivan turned its sights on the Florida Panhandle west to New Orleans on Tuesday, forcing thousands to pack what they could and head for higher ground. More...
The Allstate Foundation Extends Portion of Fund to Help Hurricane Victims
Sep 14 2004 // The Allstate Foundation will extend $200,000 from the $1 million fund established at the Southwest Florida Community Foundation to reportedly aid in the rebuilding and recovery of victims of the recent hurricanes. The...
Guy Carpenter Releases Study of 2004 World Catastrophe Reinsurance Market
Sep 14 2004 // Guy Carpenter & Company, Inc., MMC’s reinsurance brokerage division, announced the release of its annual, comprehensive study of the property catastrophe reinsurance market, “The World Catastrophe...
Ivan Skirts Cuba, Yucatan; Heads for U.S. Gulf Coast
Sep 14 2004 // Powerful Hurricane Ivan continues to play cat and mouse with forecasters. As of yesterday morning the Category 5 storm was headed for Western Cuba, but just before hitting the island, Ivan moved westward. The main body of...
Ivan Continues Caribbean Rampage: Jamaica, Cayman’s Hit; Cuba and U.S. on Alert
Sep 13 2004 // Hurricane Ivan continued its destructive rampage through the Caribbean over the weekend, pummeling the island of Jamaica with winds of 155 mph (250km/h), 23 foot (7 meter) waves and heavy rainfall. Ivan is one of the...
S&P Concerned by Hurricane Ivan; “Challenges Insurers’ Predictive Models”
Sep 13 2004 // Standard & Poor’s Ratings Services has issued a bulletin indicating that it “views the approach of Hurricane Ivan, which is projected to be moving toward Florida, with concern.” Reinstatement...
Disaster Assistance Option for Insured Property Owners Following Hurricanes
Sep 13 2004 // People who have applied for assistance for hurricanes Charley or Frances may still be able to get help even if they got a letter from the Federal Emergency Management Agency (FEMA) telling them they are not eligible at...
Ivan the Terrible Bears Down on Jamaica
Sep 10 2004 // As Hurricane Ivan continues on its deadly path through the Caribbean, people in Jamaica and the Cayman Islands are bracing for its arrival. Jamaica is directly in the path of the powerful storm, which is packing sustained...
EQECAT Says Ivan Landfall Would Be a ‘1 in 50 Year’ Series of Storm Events
Sep 10 2004 // It may come as small comfort to Florida’s storm-battered residents, but Thomas Larsen, senior vice president of EQECAT Inc., the Oakland Calif.-based catastrophe modeling specialist, announced that a Florida landfall...
Fla. Storm Victims Facing Double Deductibles from Hurricanes Charley, Frances
Sep 10 2004 // Florida CFO Tom Gallagher released a statement this week as the Sunshine State took a hit from Hurricane Frances, meantime keeping a watchful eye out for Hurricane Ivan, which was possibly headed for the Florida Keys by...
The Midland Co. Projects Frances Losses
Sep 10 2004 // The Midland Company, an Ohio-based provider of specialty insurance products and services, today reported projected losses from Hurricane Frances. “Based on the information received to date, we expect to incur pre-tax...
Ivan Leaves 15 Dead in Lesser Antilles; Category 5 Storm Heads for Jamaica, Cuba, U.S.
Sep 9 2004 // At least 9 persons were reported to have died on the Caribbean Island of Grenada, following a direct hit from Hurricane Ivan. A report from the BBC, delayed because of damage to communications facilities, said that 90...
PCI: Hurricanes Prove Commercial Insurance Value
Sep 9 2004 // The Property Casualty Insurers Association of America has issued a bulletin, which notes: “Business owners who debate the need for insurance coverage can learn a valuable lesson from Hurricanes Charley and...
AIR Worldwide Reports Fla. Losses at $5 Billion to $10 Billion from Frances
Sep 9 2004 // While significantly less intense than Hurricane Charley in terms of sustained wind speeds at landfall, AIR Worldwide estimates that total insured losses for Florida from Frances will fall within a very similar range:...
S&P Analyzes Potential Impact of Q3 Hurricanes; Questions Catastrophe Models
Sep 8 2004 // Standard & Poor’s Ratings Services has issued a prelimlinary report on the series of hurricanes, notably Frances and Charley, which have struck the U.S. S&P indicated: “Although it’s still too...
