Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
RMS Launches Eastern U.S. and Canada Earthquake Model
Jun 8 2006 // Risk Management Solutions (RMS), Newark, Calif., has updated its U.S. and Canada Earthquake models. “Earthquakes east of the Rockies are less common than in the tectonically active West, but can be more severe due to...
Study: Shaking Can Trigger Earthquake Aftershocks Miles from Epicenter
Jun 8 2006 // New research suggests earthquake shaking can trigger aftershocks many miles from the epicenter, countering the popular view that they tend to cluster near the main shock. That might help scientists forecast where...
Treasury Secretary Nominee Paulson Backed Terrorism Reinsurance Plan
Jun 8 2006 // The financier slated to be the country’s next Secretary of Treasury differs with his predecessor and the Bush Administration over the need for federal government involvement in providing terrorism reinsurance. At...
Swiss Re Places $950 Million in ‘Successor Programme’ Cat Bonds
Jun 7 2006 // Swiss Re has obtained $950 million worth of protection against North Atlantic Hurricanes, Europe Windstorms, Californian Earthquakes and Japan Earthquakes through a natural catastrophe protection program named...
S&P Assigns Ratings to Swiss Re’s ‘Successor Programme’ Notes
Jun 7 2006 // Standard & Poor’s Ratings Services has assigned its senior secured debt ratings to the principal at-risk variable-rate notes issued under Swiss Reinsurance Co.’s Successor shelf program (See previous...
AIG Gives $1 Million to Indonesian Earthquake Relief
Jun 7 2006 // American International Group, Inc. is donating $1 million to support relief efforts in the areas affected by the May 27 earthquake in Indonesia. President and CEO Martin J. Sullivan explained: “The earthquake in...
Fla. Rep. Waters: Hurricane Party Mentality Has Been Replaced by Hurricane-Stress
Jun 6 2006 // The hurricane party mentality is gone, replaced by hurricane stress, Rep. Leslie Waters, R-Pinellas, told the Florida Suncoast Chapter of the Chartered Property and Casualty Underwriters at the group’s June 5 meeting...
Allstate Dropping Most Earthquake Insurance Nationwide
Jun 5 2006 // Allstate Insurance Co. says it is dropping earthquake insurance to most of its 407,000 quake customers nationwide as a part of a larger move to reduce exposure to catastrophic losses. Allstate Spokesman Mike Siemienas in...
Business continuity lessons from last season’s hurricanes
Jun 5 2006 // Hurricane season is here, and it is time to evaluate the lessons learned from last year’s hurricanes. It is vital to note that the degree of impact, from a corporate perspective, could have been mitigated with...
Colorado prepares for hail, expects three to four catastrophic hailstorms
Jun 5 2006 // Colorado can expect three to four catastrophic hailstorms every year, according to the Rocky Mountain Insurance Information Association. The group said the damaging hail season is considered to be from mid-April to...
AccuWeather, NOAA warn of active hurricane season
Jun 5 2006 // The AccuWeather.com Hurricane Center in State College, Pa., led by Chief Forecaster Joe Bastardi, in its 2006 hurricane season forecast predicted an active hurricane season that could have major repercussions for the U.S....
Hartwig predicts profitable 2006, premium growth grinding to a halt
Jun 5 2006 // The last 24 months have been traumatic for the insurance industry, but the profit picture for 2006 is quite good overall, Robert P. Hartwig, Insurance Information Institute senior vice president and chief economist said...
AccuWeather, NOAA warn of active hurricane season
Jun 5 2006 // The AccuWeather.com Hur-ricane Center in State College, Pa., led by Chief Forecaster Joe Bastardi, in its 2006 hurricane season forecast predicted an active hurricane season that could have major repercussions for the U.S....
Business continuity lessons from hurricane season
Jun 5 2006 // Hurricane season 2006 is here and it is time to re-evaluate the lessons learned from last year’s destructive hurricanes. Due to the 2005 hurricanes’ size and strength, financial and operational repercussions...
HARTWIG PREDICTS PROFITABLE 2006, SEES PREMIUM GROWTH GRINDING TO A HALT
Jun 5 2006 // The last 24 months have been traumatic for the insurance industry, but the profit picture for 2006 is good overall, Robert P. Hartwig, Insurance Information Institute senior vice president and chief economist, said during...
Allstate moving windstorm coverage in Texas coastal areas to TWIA
Jun 5 2006 // In a move it says will “help protect its ability to meet future customer needs throughout Texas while maintaining a strong presence along the Texas coast,” Allstate Texas Lloyds announced it is phasing out...
Carrot and stick, or bail-out?
Jun 5 2006 // Insurance debate in the Florida Legislature wound down to the final hours of the 2006 spring sessions in Tallahassee, with the final decision ending in the passage of a bill viewed by bystanders as a band-aid approach in...
Tropical Depression:Hurricane linked to long-term mental distress
Jun 5 2006 // Florida State University sociologists in Tallahassee have found that some South Floridians who survived Hurricane Andrew suffered mental health problems many years later, a finding that has led the researchers to predict...
Coverage issues at core of Hurricane Katrina-related litigation
Jun 5 2006 // The amount of property damage caused by Hurricane Katrina in Mississippi and Louisiana has been extensively reported, as has the fact that many people in those states did not have flood insurance coverage. As a result,...
AccuWeather, NOAA warn of active hurricane season
Jun 5 2006 // The AccuWeather.com Hurricane Center in State College, Pa., led by its chief forecaster, Joe Bastardi, in its 2006 hurricane season forecast predicted an active hurricane season that could have major repercussions for the...
