Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Fla. Insurance Council predicts hurricane coverage utmost concern
Jan 23 2006 // Florida Insurance Council Executive Vice President Sam Miller predicts hurricane insurance will be the most significant property and casualty issue in 2006, just as it was in 2005, on the state level. “Congress, at a...
Hawaii recognized as first state to be tsunami and storm ready
Jan 23 2006 // The National Weather Service has declared Hawaii the first state in the nation to be tsunami- and storm-ready. Only 23 communities in the nation are tsunami-ready, according to David L. Johnson, director of the...
2006 already looking good for the property/casualty industry
Jan 23 2006 // Record catastrophe losses will weigh heavily on 2005’s underwriting results, according to the Insurance Information Institute’s recent “Earlybird Forecast Survey,” but the survey of Wall Street...
Earlybird Forecast
Jan 22 2006 // Record catastrophe losses will weigh heavily on 2005’s underwriting results, according to the Insurance Information Institute’s Earlybird Forecast Survey, but the survey of Wall Street stock analysts and...
Earlybird Forecast
Jan 22 2006 // 2006 looking good already for P/C industry Record catastrophe losses will weigh heavily on 2005’s underwriting results, according to the Insurance Information Institute’s recent Earlybird Forecast Survey, but...
Looking at 2005 accomplishments
Jan 22 2006 // PIA of Fla.: Citizens will be ‘Biggest challenge of 2006’ The biggest challenge faced by Florida insurance agents and a topic which will also be discussed by the Legislature during its spring sessions will be...
News Currents
Jan 22 2006 // 2006 hurricane preparations top Mississippi’s legislative agenda PCI pushing for stronger building codes Enacting and enforcing a strong statewide building code could save billions of dollars in damages from...
Editor’s Note: Springing Back
Jan 22 2006 // Despite losses from the 2005 hurricane season, property and casualty insurance company failures de-clined 44 percent from the previous year. In the insurance world catastrophes pretty much defined what 2005 was all about;...
I.I.I.: Claims in La. Equal to 25 Years of Premiums
Jan 22 2006 // The record total of homeowners insurance claims payments resulting from the 2005 hurricanes in Louisiana is enough to wipe out all homeowners premiums paid in the state during the past 25 years, as well as every dollar of...
Arson suspected in Texas wildfires
Jan 22 2006 // Many of the wildfires that plagued Texas during the first half of January 2006 may have been started intentionally, according to the Texas Forest Service. Some 70 wildfires in Texas are thought to have been started by...
Earlybird Forecast
Jan 22 2006 // Fortunately for insurers, 2006 will likely feature far fewer screaming headlines announcing investigations into various insurance industry practices such as broker compensation and finite reinsurance. Each year the...
Allstate units agree to coverage checks sought after Ariz. wildfire
Jan 22 2006 // Two Allstate Insurance units have agreed to implement new procedures to re-evaluate coverage needs of homeowners-steps sought by Arizona regulators in the wake of consumer complaints after a devastating 2003 wildfire on...
News Currents
Jan 22 2006 // Regulatory modernization tops industry’s legislative agenda for 2006 With the extension of the Terrorism Risk Insurance Act, passage of federal class action and crop insurance reform, enactment of asbestos reform in...
Reinsurance Outlook
Jan 22 2006 // Although Katrina is long gone, the clouds of misfortune she and her sisters generated will linger for decades. They radiate well beyond Louisiana, Florida, Texas, Mississippi, Alabama and other regions into the heart of...
Fla. Residents Urged to Purchase Flood Insurance for 2006 Hurricane Season
Jan 20 2006 // As Floridians continue to recover from the storms of 2004 and 2005, and the 2006 season fast approaches, it is vital that all property owners living and doing business in areas designated as flood zones by the National...
LIRC Approves Post-Katrina Rate Hikes
Jan 20 2006 // The first post-Katrina increase in homeowners insurance rates has been approved by the Louisiana Insurance Rating Commission, beginning what is expected to be a line of rate increase requests this year. The commission...
AIR Worldwide Opens Munich Office
Jan 20 2006 // AIR Worldwide Corp. announced the opening of AIR Worldwide GmbH in Munich, Germany, “to meet the needs of its expanding client base in the region.” Yoern Tatge will head the new office. AIR noted: “Europe...
Entergy Reports $1.5 Billion in Hurricane Damage
Jan 20 2006 // Utility holding company Entergy Corp. reported that its damages from hurricanes Katrina and Rita totaled $1.5 billion and predicted its fourth-quarter earnings will drop from a year ago. Entergy said it expected earnings...
11 Defendants Indicted on Domestic Terrorism Charges; Blamed for Arsons
Jan 20 2006 // Eleven defendants have been indicted on charges including arson and destruction of an energy facility for allegedly participating in a campaign of domestic terrorism in five western states on behalf of the extremist Earth...
Mercury General Revises Loss Estimates from Hurricane Wilma
Jan 19 2006 // Mercury General Corp. has revised its estimate of losses caused by Hurricane Wilma. On Oct. 24, 2005, Hurricane Wilma made landfall as a Category 3 storm on the southern gulf coast of Florida. The storm crossed the Florida...
