Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Hiscox Weathers Hurricanes, But 2005 Profits Decrease
Mar 14 2006 // Hiscox Plc, the U.K.-based Lloyd’s and specialty insurer, released its 2005 preliminary results on Monday, March 13. Although Hiscox was one of many companies whose earnings were adversely affected by last...
UPDATE: Insurers Tally Storm Damage to Auto, Property in Midwest
Mar 14 2006 // Insurance companies in the Midwest are beginning to tally claims connected to hundreds of tornadoes and severe storms that hit a five state region in the Midwest late Saturday and early Sunday. Illinois, Indiana, Missouri,...
Texas Responds to Deadly Wildfires in the Panhandle
Mar 14 2006 // Gov. Rick Perry said Texas is leading a coordinated effort to battle deadly blazes that have swept through the Texas Panhandle, burning about 663,000 acres and leaving at least 11 people dead. The Tradewind Aircraft...
Dale to Speak in Memphis About Hurricane Katrina
Mar 14 2006 // The trials and tribulations encountered after Hurricane Katrina will be discussed by Mississippi Commissioner of Insurance George Dale, the featured speaker during the Thursday, March 16 monthly meeting of the Independent...
Regulators Establish Task Force on Climate Change
Mar 14 2006 // The National Association of Insurance Commissioners (NAIC) voted unanimously last week at its quarterly meeting in Orlando, Fla., to establish a task force to examine the impact of climate change on the U.S. insurance...
Aon Study Reveals Investors More Intolerant of Catastrophe Risk
Mar 14 2006 // Aon Re Global announced today that it has produced research on the impact of earnings volatility on shareholder value for insurers and reinsurers. Hurricane Katrina and the entire hurricane season provided an interesting...
Fla. Forum Topic: Disappearing Markets, Looming Hurricanes
Mar 14 2006 // Challenges like disappearing markets, looming hurricanes and the quest to add more to the bottom line will all be addressed during a Professional Insurance Agents of Florida Member Forum on May 12 in Orlando at the Caribe...
Hurricane-related Jobless Benefits Extended in La.
Mar 13 2006 // President Bush has authorized the extension of disaster unemployment benefits to individuals affected by hurricanes Katrina and Rita, the Louisiana Department of Labor announced. “Approximately 92,000 people whose...
100 Tornadoes Hit Midwest, Damage, Injury Totals Still Being Assessed
Mar 13 2006 // Heavy windstorms and tornadoes hit the Midwest yesterday causing major damage in five states. Illinois, Indiana, Missouri, Kansas and Oklahoma were ravaged by high winds, rain and hail in addition to tornadoes. Several...
N.C. Committee Petitioned to Strengthen Building Codes
Mar 8 2006 // Tougher building code standards aimed at reducing future hurricane damage in North Carolina have been forwarded to a state committee studying disaster management by Insurance Commissioner Jim Long. Long petitioned the...
Insurers’ Photography Tells Story of ’06 San Francisco Quake
Mar 7 2006 // Finding old photographs to mark the centennial of California’s 1906 “Great Quake” and fire was the easy part of Corey Keller’s job as an assistant curator at the San Francisco Museum of Modern...
Preparing for the worst
Mar 6 2006 // According to a new report released by GE Insurance Solutions, massive growth along the nation’s coastlines has dramatically increased the potential for insured losses, even without a cyclical increase in the...
TWIA to present Texas Legislature with a two-fold agenda
Mar 6 2006 // Unlike insurers of last resort in states like Louisiana and Florida, the Texas Windstorm Insurance Association does not enjoy federal tax-exempt status. TWIA’s Board of Directors and its Executive Director Jim Oliver...
Max Mayfield gives wind conference ‘bad news’
Mar 6 2006 // There is no reason to think there will be any change in hurricane patterns in the near future; the number of hurricanes have been increasing since 1995 and there is no doubt that they will continue to do so for the next...
ICT: $1.5B Paid on Hurricane Rita Claims in Texas
Mar 6 2006 // The Insurance Council of Texas reported that insurance companies have settled 90 percent of property claims in Texas that were the result of the devastation caused by Hurricane Rita that struck in late September...
Fla. Congressman Files Catastrophe Savings Account Legislation
Mar 6 2006 // Legislation to create Catastrophe Savings Accounts to give Florida homeowners the opportunity to put aside tax-free money to financially prepare for major catastrophes has been filed by Congressman Tom Feeney from Orlando,...
Insurance Trade Group Sees Storm Brewing in Texas
Mar 6 2006 // Hurricane season is just a few short months away and the head of a Texas-based insurance trade group already sees some dark clouds on the horizon. “The Texas Windstorm Insurance Association is considerably under...
Windstorm panelists: Carriers hesitant to write policies in Florida
Mar 6 2006 // A panel of eight insurance experts agreed unanimously that carriers are closely scrutinizing Florida and are hesitant to renew homeowners policies. Bill Bailey, director of the Hurricane Insurance Information Center,...
Incentives could improve earthquake protection
Mar 6 2006 // There are opportunities to make California more earthquake-safe, according to the Institute for Business & Home Safety (IBHS). At the recent meeting of the Little Hoover Commission, a state oversight agency that...
Commissioners Face Long List of Topics in Orlando
Mar 3 2006 // Reference to the National Catastrophe Insurance Plan is prominently absent from the National Association of Insurance Commissioner’s agenda as NAIC kicks off its March 4-7 Spring National Meetings in Orlando,...
