Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
AIG Posts Q2 Profit on AIA Stake
Aug 5 2011 // Bailed-out insurer American International Group reported a profit for the second quarter Thursday, as tax benefits and its one-third stake in Asian insurer AIA offset a decline in operating income at its main...
Typhoon Muifa Drops Heavy Rains on Philippines; Moving to China
Aug 5 2011 // Catastrophe modeling firm AIR Worldwide is currently tracking Typhoon Muifa as it moves across the Pacific Ocean towards mainland China, after delivering heavy rain to the Philippines Tuesday and Wednesday. Muifa is...
Tropical Storm Emily Breaks up over Haiti; Still Threatens Rains
Aug 5 2011 // Tropical Storm Emily broke apart over the mountains of Haiti and the Dominican Republic Thursday, but its remnants still packed rains threatening flash floods and mudslides in the neighboring Caribbean countries. The U.S....
Aon Benfield Monthly Report Highlights Increased Global Storm Activity
Aug 5 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has released the latest edition of its Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during...
Atlantic Hurricane Forecast Revised
Aug 4 2011 // Federal storm watchers issued an updated 2011 Atlantic hurricane season outlook today, raising the number of expected named storms from its pre-season outlook issued in May. Forecasters at the National Oceanic and...
The Hartford Q2 Profit Hit by Asbestos Charges, Tornado Losses
Aug 4 2011 // As it warned earlier, Hartford Financial Services Group saw its profit fall in the second quarter due to large catastrophe losses and a charge to increase asbestos reserves. Overall, The Hartford reported a net profit of...
Tropical Storm Emily on Path toward Haiti
Aug 4 2011 // Tropical Storm Emily brushed past Puerto Rico and set its sights on the Dominican Republic and Haiti, where more than 630,000 people are still without shelter after last year’s earthquake. A “steady shield of...
Catlin Hit by $201 Million Net Loss for 1st 6 Months
Aug 4 2011 // The Bermuda-based Catlin Group Limited announced its financial results for the six-month period ended 30 June 2011 from its London office, highlighted by a $201 million net loss for the period, compared to an $86 million...
CCRIF Builds Regional Capacity for Storm Impact Forecasting
Aug 4 2011 // The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has been gearing up to face the 2011 Atlantic Hurricane Season by “providing assistance to Caribbean nations to prepare for the tropical cyclones that are...
HCC Insurance Holdings Reports Strong Results in Q2 2011
Aug 4 2011 // Houston-based HCC Insurance Holdings Inc. reported that despite widespread catastrophe losses internationally and domestically during the second quarter of 2011 the company’s financial results for both the second...
California Earthquake Authority Bond Issue a ‘First Step’
Aug 3 2011 // Officials with the California Earthquake Authority said yesterday that their recent $150-million bond issue is just a first step in diversifying their risk so that they can expand earthquake coverage in the...
Tropical Storm Emily Heading for Puerto Rico, Hispaniola
Aug 3 2011 // Tropical Storm Emily was expected to bring heavy rain Tuesday to Puerto Rico after crossing the northeast Caribbean Sea on a track that would take it near Haiti within 24 hours. The storm was expected to bring up to 4...
Insurer Group Taking Hurricane Tour of Texas
Aug 2 2011 // The Insurance Council of Texas (ICT) will take its message of preparing for a hurricane down the Texas coast for its annual media tour in late August. The ICT team will consist of company personnel, insurance agents,...
Alabama Study: Small Changes Could Prevent Twister Damage
Aug 2 2011 // A new study of tornado destruction in Tuscaloosa found that relatively minor changes in construction — including better shingles, more anchors and thicker vinyl siding — could have prevented much of the damage to...
Hurricane Recovery Jobs Remain in Louisiana as Funding Drops
Aug 1 2011 // Louisiana is winding down its hurricane recovery programs, but Gov. Bobby Jindal’s administration hasn’t cut much of the staff assigned to the work, even as other agencies across state government have faced...
Allstate Reports High Catastrophe Losses, Increased Revenues for Q2
Aug 1 2011 // Allstate Corp. reported improved underlying profitability across all business lines for the second quarter quarter, but those gains were more than offset by $2.3 billion in record second quarter catastrophe...
Waffle House Serves Up Lessons in Risk Management
Aug 1 2011 // What can Waffle House teach about disaster preparedness and risk management, especially in the wake of this spring’s devastating tornadoes? Plenty, says a supply chain expert at Olin Business School, Washington...
Tropical Storm Don Expected to Hit South Texas Coast Overnight
Jul 29 2011 // A tropical storm warning remains in effect for the Texas coast from Matagorda Island to the mouth of the Rio Grande River. The National Hurricane Center expects Tropical Storm Don to make landfall on the south Texas coast...
PartnerRe Comments on Financial Impact of Q2 Losses
Jul 28 2011 // Bermuda-based PartnerRe Ltd. has provided information on the net impact of catastrophe-related large losses affecting second quarter 2011 results. Significant losses, related to the tornadoes that struck the U.S. in April...
Forecasts for 2011 Atlantic Hurricane Season Largely Unchanged
Jul 28 2011 // Forecasters at Weather Services International stuck with their earlier prediction that the 2011 Atlantic hurricane season would bring 15 tropical storms, with eight of those growing into hurricanes. Four of those were...
