Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
PROPERTY CATASTROPHE RATES UP
Jun 18 2001 // U.S. property catastrophe rates increased at January 2001 renewals for the first time since 1994, according to Paragon Reinsurance Risk Management Services, Inc. a wholly owned subsidiary of Benfield Blanch Holdings, Inc....
LOOKING OUT FOR HURRICANES
Jun 11 2001 // Five to seven hurricanes could strike the Caribbean and southeast U.S. coasts this year, the National Oceanic and Atmospheric Administration (NOAA) is predicting. This hurricane season, which officially started on June 1,...
Terrorism from Newly Empowered Pressure Groups Poses a Threat
Jun 11 2001 // Firebombs, booby-trapped letters and packages, kidnappings, assaults and extortion—as these violent acts continue to proliferate, insurers have stepped up to offer financial protection. Handling threats from terrorist...
SIIS To Hold Catastrophe Modeling Forum
Jun 4 2001 // Austin-based Southwestern Insurance Information Service will hold a public policy forum on catastrophe loss modeling on June 21 in Dallas. The luncheon forum will begin at 11:30 a.m. at the Dallas Intercontinental Hotel....
New Findings Indicate Major Earthquake Danger for Portland
May 31 2001 // Geologists in Oregon have found new evidence that the lengthy Portland Hills Fault is active and capable of generating an earthquake, the Oregonian reported yesterday. A recent discovery at Rowe Middle School in Milwaukie,...
Forecasters Predict Average Hurricane Season
May 23 2001 // Five to seven hurricanes could strike the Caribbean and southeast U.S. coasts this year, the National Oceanic and Atmospheric Administration (NOAA) is predicting. This hurricane season, which officially starts on June 1,...
AIR Releases New Latin American Earthquake Models
May 21 2001 // Boston’s Applied Insurance Research, Inc. announced the release of new models covering Latin American earthquake risks, combining new information and new technology. “The models incorporate the most recent data...
So Far, So Good
May 13 2001 // As I was saying, before I was so rudely interrupted… Last time, we draped our cover and opening prose in funeral black crepe proclaiming 2001 “The Worst Year Ever”, the property and casualty business...
ISO Estimates Insurers To Pay $705 Million in First-Quarter Cat Damage
May 7 2001 // U.S. property/casualty insurers will pay homeowners and businesses $705 million for insured property losses from three catastrophic events in the first quarter of this year, according to preliminary estimates from...
ISO Estimates Insurers To Pay $705 Million in First-Quarter Cat Damage
Apr 30 2001 // U.S. property/casualty insurers will pay homeowners and businesses in Texas $65 million for insured property losses from catastrophic events in the first quarter of this year. Only Washington and Mississippi incurred...
HURRICANE EXPO SET
Apr 30 2001 // The second annual Hurricane Preparedness Expo is scheduled for June 2 in Savannah, Ga. The expo coincides with the beginning of the hurricane season—June through November. Official sponsors are The Home Depot, Insurance...
Kansas Tornado Provides No Warning
Apr 24 2001 // Twenty-eight people were injured and 200 buildings were destroyed when a tornado hit Hoisington, Kansas, on April 21. The damage was six blocks wide and a mile long. A 69-year-old man was killed in his home when warning...
ISO Predicts Insurers Will Pay $705 Million in
Apr 21 2001 // According to preliminary estimates from the Insurance Services Office Inc’s (ISO) Property Claim Services (PCS) unit, U.S. property/casualty insurers will pay homeowners and businesses $705 million for insured...
Damage Claims Reach 38,000 After Missouri Hailstorm
Apr 20 2001 // Due to the last week’s hailstorm, the five largest auto-insurance companies in Missouri have received more than 38,000 claims of storm damage to cars in the St. Louis area alone. According to the St. Louis...
HURRICANE FORECASTS
Apr 16 2001 // As of early April, the Colorado State University hurricane forecasting team led by William Gray has upped the numbers for 2001 just slightly, suggesting a normal season. For the June 1-Nov. 30, 2001 season, the scientists...
Hurricane Team Revises Outlook Upward; Predicts Average Season
Apr 9 2001 // As of early April, the Colorado State University hurricane forecasting team led by William Gray has upped the numbers for 2001 just slightly, suggesting a normal season. For the June 1-Nov. 30, 2001 season, the scientists...
Combined Ratio for 2001 on Track to Hit Record High, ISO President Says
Apr 2 2001 // Amid signs that the property/casualty insurance market is improving, insurers’ prospects for greater profitability may actually be diminishing in today’s rapidly slowing economy, an industry leader warned. At...
ICAT Managers Enters Carolina Markets
Mar 28 2001 // Catastrophe insurance specialist International Catastrophe Insurance Managers has entered the North Carolina market. ICAT Managers provides windstorm insurance to businesses operating in coastal areas that often lack...
Combined Ratio for 2001 on Track to Hit Record High, ISO President Says
Mar 26 2001 // Amid signs that the property/casualty insurance market is improving, insurers’ prospects for greater profitability may actually be diminishing in today’s rapidly slowing economy, an industry leader warned. At...
Combined Ratio for 2001 On Track to Hit Record High, ISO President Says
Mar 19 2001 // Amid signs that the property/casualty insurance market is improving, insurers’ prospects for greater profitability may actually be diminishing in today’s rapidly slowing economy, an industry leader warned. At...
