Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Mo. Commissioners Elect to Purchase Terrorism Coverage
Jan 2 2007 // Cape Girardeau County, Mo. government buildings have been insured against a terrorist attack, ensuring that taxpayers won’t be stuck with the cost of rebuilding. In approving purchase of the policy late last week,...
Public Adjuster Fees Capped to Protect Florida Tornado Victims
Dec 29 2006 // TheFlorida Department of Financial Services is advising that due to Gov. Jeb Bush’s declaration of a state of emergency in Pasco, Volusia, Lake and Columbia counties as a result of widespread damage from tornadoes...
Report: N.Y. City Commuter Tunnels Vulnerable to Terrorist Activity
Dec 29 2006 // It has long been one of New York City’s nightmares: Terrorists target tunnels, flooding commuter lifelines and possibly some of the city itself. The grim scenario is getting renewed scrutiny after a new report...
Munich Re Warns Insurers Against Nat Cat ‘Complacency’
Dec 29 2006 // While recognizing that economic losses from natural catastrophes were considerably lower in 2006 than in 2005, Munich Re warned the industry against becoming too complacent. In a bulletin on the reinsurer’s web site...
Lloyd’s Comments on ‘Quiet’ 2006 Hurricane Season
Dec 29 2006 // Munich Re isn’t the only major insurance organization to express the industry’s collective sigh of relief as the year 2006 expires with relatively few major catastrophe losses (See related article above)....
Fla. Faces Destruction Delivered by 4 Christmas Tornadoes
Dec 28 2006 // Four Christmas Day tornadoes damaged hundreds of Florida homes, with one flipping airplanes at a flight school and tearing the roofs off three apartment buildings, accoording to officials. Gov. Jeb Bush late Tuesday...
Absence of Hurricane Losses Proves Beneficial to Insurers’ Bottomline
Dec 27 2006 // Driven by a sharp decline in catastrophe losses from hurricanes and other natural disasters in 2006, the U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through nine months. The net gain on...
SCOR Comments on Atlas Cat Bond
Dec 27 2006 // France’s SCOR group noted that it has successfully sponsored a new catastrophe bond. The French reinsurer entered into a multi-year property catastrophe retrocession agreement with Atlas Reinsurance III p.l.c., a...
Florida Storm Hotline Ready to Assist Tornado Victims
Dec 27 2006 // Residents whose homes or businesses were damaged by tornados that struck several central Florida counties can call the Florida Department of Financial Services’ storm hotline at 1-800-22-STORM if they need help...
2 Small Earthquakes Rattle Oklahomans’ Nerves
Dec 26 2006 // Two minor earthquakes shook central Oklahoma, rattling nerves but causing no serious damage or injuries, authorities said. The quakes were centered in the Del City-Midwest City area east of Oklahoma City. The first struck...
Global warming represents watershed event for insurance industry
Dec 25 2006 // At various points in history — the Great Dust Bowl of the 1930s, urban riots of the 1960s, and terrorism today — watershed events or trends ushered in structural changes within the U.S. insurance industry....
Commissioners, compensation rules, earthquakes made for shaky ground
Dec 25 2006 // In the era when cowboys and gold panners roamed, the West was characterized as a wild yet adventurous place to live. Judging by 2006’s insurance industry headlines, those sentiments don’t seem to have...
2006: Agents fight to keep their pay and insurers wise up to the future
Dec 25 2006 // The fight to save contingent commissions topped the minds of agents across the nation as a few select states drove public policy efforts to end their use by insurers. The industry grabbed hold of predictive modeling and...
Global warming represents watershed event for insurance industry
Dec 25 2006 // At various points in history — the Great Dust Bowl of the 1930s, urban riots of the 1960s, and terrorism today — watershed events or trends ushered in structural changes within the U.S. insurance industry....
Global warming represents watershed event for insurance industry
Dec 25 2006 // At various points in history — the Great Dust Bowl of the 1930s, urban riots of the 1960s, and terrorism today — watershed events or trends ushered in structural changes within the U.S. insurance industry....
Despite ‘uneventful’ year, there was no escaping catastrophes in 2006
Dec 25 2006 // It was difficult to get away from natural catastrophes in 2006, even though the year was relatively unscathed by those types of events. Back-to-back 2005 Hurricanes Katrina and Rita continued to wreak havoc on insurance...
Global warming represents watershed event for insurance industry
Dec 25 2006 // At various points in history — the Great Dust Bowl of the 1930s, urban riots of the 1960s, and terrorism today — watershed events or trends ushered in structural changes within the U.S. insurance industry....
Contingent commissions, court rulings highlight 2006
Dec 25 2006 // In 2006, the Midwest experienced the impact of contingent commission settlements based on the actions of several attorneys general and a myriad of court rulings on insurers’ use of credit, liquor liability and...
Global warming represents watershed event for insurance industry
Dec 25 2006 // At various points in history — the Great Dust Bowl of the 1930s, urban riots of the 1960s, and terrorism today — watershed events or trends ushered in structural changes within the U.S. insurance industry....
Insurance issues have been key in Southeast’s ongoing recovery
Dec 25 2006 // While Mother Nature was nicer to the Southeast and the insurance industry in 2006 than she was in 2005, her potential for destruction was never far from the minds of those living and rebuilding in the Southeast. Insurance...
