Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Fortified building standards: Gulf Coast market salvation?
May 7 2007 // Concrete houses sprouting up in southern Alabama, Mississippi and elsewhere in the Gulf Coast region are more than just fortified structures that will protect their owners from up to 250 mph winds and 36 foot storm surges...
Figures
May 7 2007 // $100 Million Insured losses from the storm that spawned tornadoes and large hail over portions of the Dallas – Fort Worth area on April 13, have been set at approximately $100 million, the Insurance Council of Texas...
Declarations
May 7 2007 // Sometimes a plaintiff “While the state is often a defendant in civil cases, and we welcome reform efforts in many regards, it is important to remember that the state is sometimes a plaintiff. … Our ability to...
Congress should consider ‘guiding principles’ for TRIEA
May 7 2007 // The Coalition to Insure Against Terrorism (CIAT) and the American Insurance Association (AIA) jointly announced on April 24 that the two organizations have agreed on a set of common principles to be considered by Congress...
Congress should consider “guiding principles” for TRIEA
May 7 2007 // The Coalition to Insure Against Terrorism and the American Insurance Association jointly announced on April 24 that the two organizations have agreed on a set of common principles to be considered by Congress as it...
Weather Report
May 7 2007 // Estimating the potential costs of future weather related events, linked to climate change, is, at best, an inexact science; there are just too many variables. Nonetheless, a picture is emerging that, whatever happens, the...
News Currents
May 7 2007 // Key subcommittee chairman favors six to eight-year terrorism insurance extension Insurance industry pushes for longer period with some in favor of 20 years or more In his opening statement as chair of a U.S. House of...
News Currents
May 7 2007 // Another report details property/casualty insurers’ 2006 profitability, escape from storms Warns falling prices mean profits are at, or are steadily, approaching the cyclical peak Another report on the insurance...
Tenn. Earthquake Commission to Begin Meeting Next Month
May 3 2007 // Tennessee’s first commission devoted to dealing with a major earthquake is scheduled to begin reviewing disaster preparations next month. The West Tennessee Seismic Safety Commission was established after concerns...
Total Cost of Risk Continues Downward Trend, RIMS Survey Finds
May 2 2007 // The commercial insurance industry continued to experience an overall decline in total cost of risk in 2006 despite coastal property premium hikes, according to the 2006 Annual Benchmark Survey book from the Risk and...
Fla. Renews Tax Break on Hurricane Prep Items
May 2 2007 // Flashlights, gasoline cans, weather radios and plastic tarps are among the storm preparedness items that will be available tax-free as hurricane season begins. Florida Gov. Charlie Crist has signed a bill into law making...
Swiss Re Expands Nat Cat Global Asset Protection Services
May 1 2007 // Swiss Re announced from the RIMS Convention in New Orleans that its Global Asset Protection Services (GAPS) are offering new consulting capabilities to improve the management of risks that result from wind and earthquake...
R.I. Staging Massive Hurricane Response to Fake Hurricane Yvette
May 1 2007 // Rhode Island is prepping for the worst hurricane to ever crash into New England — on paper at least. About 250 federal emergency management officials plan to stage a response to the fictional “Hurricane...
Report: U.S. Turned Away Foreign Aid Offered After Hurricane Katrina
May 1 2007 // In the wake of Hurricane Katrina’s devastation, the U.S. government failed to take advantage of millions of dollars in foreign aid from its allies, The Washington Post reported. The U.S. has collected about $126...
Additional Federal Funds Approved For Southeast Georgia Wildfires
Apr 30 2007 // Gov. Sonny Perdue said additional federal funds were authorized to assist in fighting the “Kneeknocker Fire” that has flared up again in Georgia’s Brantley County, just outside the city limits of...
Earthquake Hits Southeast England
Apr 30 2007 // A moderate earthquake rattled parts of southeast England Saturday morning, toppling chimneys from houses and rousing residents from their beds. Several thousand people were left without power after the quake in the county...
N.Y., Northeast Small Businesses Face Need for Disaster Insurance
Apr 27 2007 // Many small business owners in New York and the Northeast are still trying to recover from floods caused by as much as eight inches of rain earlier this month. Those who had flood insurance can recoup some of their losses,...
First Quarter Catastrophes Cost U.S. Insurers $1.22 billion
Apr 27 2007 // U.S. property and casualty insurers are expected to pay some $1.22 billion for catastrophic events during the first quarter, including severe tornadoes in several southern states, according to a company that tracks...
Subcommittee Chairman Favors 6 – 8 Year TRIA Extension
Apr 27 2007 // In his opening statement as chair of a U.S. House of Representatives subcommittee considering extension of the Terrorism Risk Insurance Act (TRIA), Rep. Paul E. Kanjorski of Pennsylvania said he believes the act should be...
Romney Wants Early Fla. Primary, Backs National Catastrophe Fund
Apr 26 2007 // Republican presidential candidate Mitt Romney is betting on an early Florida primary and continued his push for support this week, wooing Gov. Charlie Crist and speaking a lot about a top Florida insurance issue. The...
