Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
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...
ISO Estimates $330 Million in Claims Payments for Northwest Earthquake
Mar 16 2001 // Property/casualty insurers will pay $330 million to homeowners and businesses for insured property damage from the earthquake that struck Seattle and nearby areas of Washington and Oregon, according to preliminary...
Swiss Re Study Finds Lower Cat Losses, Rising Rates
Mar 16 2001 // A recent study released by Swiss Re, confirms that insured catastrophe losses for 2000 totaled $10.6 billion, falling significantly below those in 1999, which reached $32.9 billion.The survey also concluded that p/c...
Seattle Earthquak Wracks Up Insured Losses
Mar 12 2001 // The most telling number about the earthquake that hit Western Washington on Feb. 28 was neither its 6.8 magnitude nor the fact that it was the largest temblor in the state in more than half a century; it was its depth,...
Insured Losses from Seattle Earthquake Could Reach $1 Billion
Mar 6 2001 // The insurance industry could pay up to $1 billion in claims to people whose property was damaged by the earthquake that struck Washington State last week, according to the Insurance Information Institute. The I.I.I. noted...
From Pin Maps to the World Wide Web
Mar 5 2001 // Since the 1800s, the insurance industry has used technology to track and control catastrophic exposures. Insurers first used mapping after companies were hit by major fires in cities such as Boston, Chicago and...
ISO CatCube Unveiled
Feb 28 2001 // Insurance Services Office has launched ISO CatCube, a flexible way to access and analyze data in ISO’s Property Claim Services Catastrophe History Database. Insurers, risk managers and other industry interests use...
Rise in Reinsurance Rates Propelled By a More Cautious Approach
Feb 26 2001 // The long-awaited hardening of reinsurance rates may finally be occurring, as companies reassess their capacity commitments and take a more critical look at their risk exposures, particularly concerning natural...
Rate of Hurricanes Will Increase, Expert Warns
Feb 16 2001 // Hurricane forecaster William Gray predicted Wednesday during the Windstorm Insurance Conference in Orlando, that the nation’s East Coast, particularly Florida, was at the beginning of a period of more frequent...
The Global Picture: Debate Over Climate Change Continues to Storm
Feb 12 2001 // Experts agree that the world’s climate is changing, but the debate continues about the causes and consequences. Multiple interactive factors are involved. The oceans warm and cool, the sun goes through an 11-year...
TEXAS LEADS 2000 CAT LOSSES
Feb 5 2001 // U.S. property/casualty insurers paid $4.3 billion in catastrophe claims, making 2000 the second-lowest year for catastrophe losses in the last 10, according to estimates by Insurance Services Office’s Property Claim...
