Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Insurance Spokespersons to Discuss ‘Aftermath of Hurricane Wilma’ on Saturday S. Fla. Radio Talk Show
Nov 4 2005 // The aftermath of Hurricane Wilma and insurance issues will be discussed on Saturday morning by an on-the-air panel of insurance industry experts, including the president of the Latin American Insurance Agencies, Coral...
Mercury Insurance Group Partners with Employees, Helps Hurricane Victims
Nov 3 2005 // California-based Mercury Insurance Group has donated $110,000 to the Red Cross Hurricane Relief Fund, it was announced by the company’s President and Chief Operating Officer, Gabriel Tirador. Matching its...
Wilma Damaged a Record Number of Vehicles in South Florida
Nov 2 2005 // State Farm and Progressive spokespersons indicate they received more auto damage claims from Hurricane Wilma than any of last year’s hurricanes. The two firms are Florida’s largest auto insurers. Wind is to...
Hispanics in Naples Cite Lack of Spanish Information About Wilma
Nov 2 2005 // Hispanics in areas of Florida hit by Hurricane Wilma report a lack of directions and information in Spanish to assist them in preparing for a hurricane, telling them what to do and where to go when a hurricane is...
LDI Says Time Extension for Paying Premiums Still in Effect
Nov 2 2005 // The Louisiana Department of Insurance issued a reminder that the department’s Emergency Rules required insurance companies to give policyholders affected by Hurricane Katrina or Hurricane Rita an automatic extension...
Majority of Hurricane Rita’s $4.7 Billion in Losses Sustained in La., Texas
Nov 2 2005 // The Insurance Council of Texas reported that property and casualty losses from Hurricane Rita are expected to hit $4.7 billion with the majority of losses sustained in Texas and Louisiana. According to the Insurance...
Fla. Attorney General: Price Gouging Complaints Rise for Repairs, Cleanup
Nov 2 2005 // With Floridians beginning the rebuilding process in the wake of Hurricane Wilma’s assault one week ago, Attorney General Charlie Crist said his office’s Price Gouging Hotline has seen a spike in repair and...
Horace Mann Reports Q3 Results
Nov 2 2005 // Horace Mann Educators Corporation today reported net income of $1.0 million (2 cents per share) and $61.2 million ($1.32 per share), respectively, for the three and nine months ended Sept. 30, 2005, compared to a net loss...
Montpelier Re: Net Loss in Q3 of $875M
Nov 2 2005 // Bermuda-based Montpelier Re Holdings Ltd. reported a net loss of $875.1 million, or $12.16 loss per share, for the three months to Sept. 30, 2005 and a net loss of $691.9 million, or $10.49 loss per share, for the first...
Two OIR Orders Protect Florida Victims of Hurricane Wilma
Nov 1 2005 // Two protective orders, one protecting consumers from being dropped by their insurers while repair work is being done, and a second prohibiting insurance companies from canceling of non-renewing any insurance policy until...
J.D. Power: Hurricanes Play Major Role in Homeowners Customer Satisfaction
Nov 1 2005 // Major hurricanes, such as the ones that have ravaged the Gulf Coast states in the past two years, have had a significant negative impact on homeowners insurance customer satisfaction in those states, according to the J.D....
White Mountains Notes Book Value Per Share of $345
Nov 1 2005 // Bermuda-based White Mountains Insurance Group Ltd. ended the third quarter of 2005 with a fully converted tangible book value per share of $345, down $14 from the second quarter of 2005 primarily due to the Gulf Coast...
Carriers Flooded With Auto Damage Claims from Hurricane Wilma
Nov 1 2005 // The “Insurance Village” established in Plantation, Fla. near Fort Lauderdale by the Department of Financial Services, had a lot of damaged vehicles in the lot, and many auto policyholders were seen in the...
ISO: Insurers to Pay Hurricane Rita’s Victims $4.7B for Insured Property Losses
Nov 1 2005 // U.S. property/casualty insurers will pay an estimated $4.7 billion for insured property losses to residential and commercial policyholders affected by Hurricane Rita, according to preliminary analysis by ISO’s...
TRH Posts $144.2 Million Q3 Loss
Oct 31 2005 // Transatlantic Holdings, Inc. (TRH) joined the roster of third quarter hurricane victims, posting a $144.2 net loss for the period, or $2.19 per common share (diluted), compared to a net loss of $21.8 million, or 33 cents...
Wilma’s Aftermath: Dade, Broward Counties Await Electricity; Agents Expect An Onslaught of Claims
Oct 31 2005 // Four days after Hurricane Wilma crossed southwest Florida and tore into South Florida, insurance agents told Insurance Journal they had not encountered the onslaught of claims they expected, but since a large percentage of...
After Hurricane Wilma: Claims Piling Up As Cleanup Begins in Naples; In Some Areas Power Could Be Out for Weeks
Oct 28 2005 // Southwest and South Florida are recovering, very slowly, from the after-effects of Hurricane Wilma, which crossed over Naples on Monday and then speedily traveled due east to Miami and South Florida. Margaret M. Weems,...
Arch Capital Posts $86.3 Million Q3 Loss from Hurricanes
Oct 28 2005 // The Bermuda-based Arch Capital Group Ltd. has duly taken its turn at the hurricane whipping post, reporting a third quarter net loss of $86.3 million, or $1.15 per share â??on a pro forma basisâ?? (explained in a...
PXRE Posts $317.3 Million Q3 Net Loss
Oct 28 2005 // The Bermuda-based PXRE Group Ltd. also fell victim to the third quarter disaster, posting a net loss of $317.3 million, compared to a net loss of $73.2 million in the third quarter of 2004, which wasn’t particularly...
OdysseyRe Posts $96.9 Million Q3 Loss
Oct 28 2005 // Odyssey Re Holdings Corp. joined the Q3 loss parade with a reported net loss of $96.9 million, or $1.51 per diluted share, for the quarter ended September 30, 2005. The figure includes previously announced catastrophe...
