Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Big ‘I’ Leader Says Hurricane Response ‘Too Slow;’ Hails Flood Reform, TRIA Progress
Nov 22 2005 // The insurance industry’s response to Hurricanes Katrina and Rita has been “too slow” and the job of adjusting claims is a long way from being completed in the view of the leader of the nation’s...
Iowa Tornadoes Leave 1 Dead, 70 Homes Damaged
Nov 21 2005 // Nearly one week after tornadoes left more than 20 dead in Indiana, tornadoes on Nov. 12 killed at least one woman and destroyed 70 homes in Iowa. At least three twisters hit two counties in the towns of Stratford and...
Stealth Tornado Rips Through Indiana
Nov 21 2005 // Twenty-two people died and about 230 were injured when a tornado touched down in southern Indiana and Kentucky during the early-morning hours of Nov. 6. Initial estimates by local insurance adjusters put property damage as...
National Newsbriefs
Nov 21 2005 // Q3 Insured Losses an All-Time Record: Pummeled by Hurricane Katrina and six other natural catastrophes in the third quarter, U.S. property/casualty insurers paid an all-time record $40.8 billion to homeowners and...
House Committee Proposes Two-Year Terrorism Insurance Extension
Nov 21 2005 // The House Financial Service Committee has come up with a proposal to renew the federal terrorism insurance act for two years that some industry groups see as “workable” and “positive.” The bill,...
Fla. CFO Gallagher Voices Support for Tax-Deferred CAT Fund Reserves
Nov 21 2005 // The serious challenge to Florida’s economy, the rising cost of property insurance and five solutions to hurricane issues were discussed on Nov. 7 in Tallahassee by Florida’s CFO Tom Gallagher at a briefing...
OFFICIALS WAITING TO RECEIVE FEDERAL HURRICANE ACCOUNTING
Nov 21 2005 // Mississippi is still waiting to hear from the federal government what its share of the Hurricane Katrina recovery efforts will cost according to Buddy Bynum, a spokesman for Gov. Haley Barbour. States are required to pick...
Three Residents Charged With Making False Hurricane Katrina Claims
Nov 21 2005 // Three Mississippi residents have been accused of making false claims to the Federal Emergency Management Agency for Hur-ricane Katrina relief funds. Dunn Lampton, U.S. Attorney for the southern district of Mississippi,...
Hurricanes Katrina and Rita: Exposing Settled (?) Insurance Coverage Issues
Nov 21 2005 // After any natural disaster, people who suffered property damage eventually look for sources of money to repair their damage and/or replace their loss with insurance being the first source for those with policies. In this...
Hurricane Rita Claims Expected to Hit $4.7 Billion
Nov 21 2005 // Majority of losses sustained in Louisiana, Texas. The Insurances Services Office expects property and casualty losses from Hurricane Rita to hit $4.7 billion, with the majority of losses occurring in Texas and Louisiana....
Stealth Tornado Rips Through Indiana
Nov 20 2005 // Twenty-two people died and about 230 were injured when a tornado touched down in southern Indiana and Kentucky during the early-morning hours of Nov. 6. Initial estimates by local insurance adjusters put property damage as...
Editor’s Note:
Nov 20 2005 // Okay, so my rantings about what a great insurance market the Midwest is have come back to haunt me. Evidently we’re just as vulnerable as any other region of the country or the world. Look what happened on Nov. 6, as...
Iowa Tornadoes Leave 1 Dead, 70 Homes Damaged
Nov 20 2005 // Nearly one week after tornadoes left more than 20 dead in Indiana, tornadoes on Nov. 12 killed at least one woman and destroyed 70 homes in Iowa. At least three twisters hit two counties in the towns of Stratford and...
Fla. CFO Gallagher Voices Support for Tax-Deferred CAT Fund Reserves
Nov 20 2005 // The serious challenge to Florida’s economy, the rising cost of property insurance and five solutions to hurricane issues were discussed on Nov. 7 in Tallahassee by Florida’s CFO Tom Gallagher at a briefing...
Carriers Flooded With Auto Damage Claims
Nov 20 2005 // Plantation, Fla., ‘Insurance Village’ The “Insurance Village” established by Florida’s Depart-ment of Financial Services in Plantation, Fla. west of Fort Lauderdale, had a lot of damaged...
News Briefs
Nov 20 2005 // FloridaFAIA Likes Due-Diligence Decision The Florida Association of Insu-rance Agents has filed an amicus (friend of the court) brief with the First District Court of Appeals in a case involving an insurance agent who...
News Currents
Nov 20 2005 // Hurricane Rita Claims Expected to Hit $4.7 Billion Majority of losses sustained in Louisiana, Texas. The Insurances Services Office expects property and casualty losses from Hurricane Rita to hit $4.7 billion, with the...
Hurricanes Katrina and Rita: Exposing Settled (?) Insurance Coverage Issues
Nov 20 2005 // After any natural disaster, people who suffered property damage eventually look for sources of money to repair their damage and/or replace their loss with insurance being the first source for those with policies. In this...
House Committee Proposes Two-Year Terrorism Insurance Extension
Nov 20 2005 // The House Financial Service Committee has come up with proposal to renew the federal terrorism insurance act for two years that some industry groups see as “workable” and “positive.” The bill,...
News Briefs
Nov 20 2005 // Q3 Insured Losses an All-Time Record: Pummeled by Hurricane Katrina and six other natural catastrophes in the third quarter, U.S. property/casualty insurers paid an all-time record $40.8 billion to homeowners and...
