Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
IIAA, AAI Study Backs up Terrorism Insurance’s Impact on Economy
Apr 11 2002 // A recent survey of nearly 1,000 independent agents and brokers conducted by the Independent Insurance Agents of America (IIAA) and the Alliance of American Insurers (AAI) confirms the problems the insurance industry is...
BOMA International President Joins Call for Terrorism Insurance Legislation
Apr 11 2002 // BOMA International President Sherwood Johnston, III, who met earlier this week with President George W. Bush and other business leaders to discuss the federal government’s role in addressing the unavailability of...
President’s Message on Terrorism Insurance on Target; AAI Urges Senate to Act
Apr 10 2002 // President Bush’s strong stance on the need for federal terrorism insurance legislation April 8 has won the praise of the Alliance of American Insurers. The President told a White House audience, that included...
Six Leading Insurers To Set Up Joint European Venture to Cover Terrorist Risks
Apr 5 2002 // Six of the world’s largest insurance companies announced that they intend to establish a joint venture in Luxembourg, named Special Risk Insurance and Reinsurance Luxembourg S.A. (SRIR), to provide “limited...
White House Continues Talk on Terrorism
Apr 5 2002 // The White House will again makes its case to get Congress to tackle problems created by a shortage of terrorism insurance since the 9/11 attacks, according to The Washington Post. President Bush is slated to meet with...
Trenwick Exercises Catastrophe Equity Put Option
Apr 2 2002 // Bermuda-based Trenwick Group Ltd. announced that it has delivered notice of exercise of its put option under a “Catastrophe Equity Securities Issuance Option Agreement” entered into with European Reinsurance...
IIAA Applauds Introduction of Natural Disaster Bill
Apr 2 2002 // The Independent Insurance Agents of America (IIAA) is endorsing a just-introduced House bill that would increase availability and affordability of homeowners insurance in disaster-prone areas, according to the...
Aon Unveils Tornado/Hail Loss Solutions
Apr 2 2002 // Aon announced that its reinsurance services unit has assembled substantial capacity for clients that are exposed to potentially significant tornado/hail losses. The capacity is available on either an indemnity or index...
New Report Addresses Challenge of Modeling Terrorism Risk
Mar 26 2002 // To address the insurance industry’s growing need to model the risk of terrorism, Guy Carpenter & Company, Inc., has published a research paper entitled “Advanced Techniques for Modeling Terrorism...
Berkshire Earnings Hit by Sept. 11th
Mar 25 2002 // Berkshire Hathaway’s boss Warren Buffett didn’t become America’s most successful investor, and one of its richest men, by making mistakes, so when General Re suffered a $2.4 billion hit from the WTC...
Workers’ Comp Texas, A League of its Own
Mar 25 2002 // One of the many singular phenomena that sets Texas apart from the rest of the U.S. is the fact that it is the only state in the Union that does not require its employers to participate in the workers’ compensation...
Workers’ Comp TexasA League of its Own
Mar 25 2002 // One of the many singular phenomena that sets Texas apart from the rest of the U.S. is the fact that it is the only state in the Union that does not require its employers to participate in the workers’ compensation...
Terrorism
Mar 25 2002 // Nuts & Bolts: First Premium Insurance Group of Covington, La., is offering a terrorism policy. Available by appointment only. Dollars: Policy limits to $5 million. Carrier: THB/Lloyd’s, rated “A.”...
Terrorism Policy
Mar 25 2002 // Nuts & Bolts: First Premium Insurance Group Inc. is offering a program for terrorism policies. Dollars: Policy limits of $5,000,000. Carrier: THB/Lloyd’s. Rated “A.” Nonadmitted. States Available:...
Catastrophe Losses Set at $34.4 Billion Last Year Says Swiss Re Study
Mar 14 2002 // A sigma study by Swiss Re estimates that more than 33,000 people lost their lives as a result of natural catastrophes and man-made disasters in 2001, and puts the cost to the insurance industry at $34.4 billion. Over half...
AAI Calls for Terrorism Bill on Anniversary of
Mar 13 2002 // Speaking on the six-month anniversary of the Sept. 11 terrorist attacks Monday, the Alliance of American Insurers’ president called for renewed congressional focus on stabilizing the economy by passing terrorism...
Counter-Terrorism Specialist to Speak At Blue Ribbon Conference
Mar 11 2002 // A retired Navy Seal, who now is a top consultant in counter-terrorism security and a best-selling author, is one of an array of experts set to address executives of insurance brokers, independent agencies and insurers...
Insurance and Home Security
Mar 11 2002 // The issue of whether or not the government should be in the business of providing terrorism insurance is a confusing one. Congress clearly has a problem with it. Although the House passed its version of a bill that would...
Insurance and Home Security
Mar 11 2002 // The issue of whether or not the government should be in the business of providing terrorism insurance is a confusing one. Congress clearly has a problem with it. Although the House passed its version of a bill that would...
AAI Praises Oxley for Leadership on Terrorism Bill
Mar 8 2002 // The Alliance of American Insurers praised House Financial Services Committee Chairman Michael Oxley (R-OH) for signaling his desire to make necessary compromises with the Senate to pass a terrorism insurance bill in...
