Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
FAIA Studying Windstorm ‘Vehicle’
Sep 19 2005 // The Florida Association of Insurance Agents has announced it will study “another avenue” for covering hurricane wind damage in Florida and would like to establish its own “vehicle” to insure...
S. Floridians Viewed Hurricane Katrina as an Expensive Nuisance
Sep 19 2005 // Insurance adjusters scrambled to South Florida to work on claims before they realized Hurricane Katrina was going to cross into the Gulf of Mexico and become a catastrophic hurricane devastating Mississippi and...
Fla. Lawmakers Nelson, Foley Voice Support for National CAT Fund
Sep 19 2005 // Two Florida lawmakers, Sen. Bill Nelson (D-Fla.) and U.S. Rep. Mark Foley (R-Fla.), have voiced support for a national catastrophe fund insurance companies would establish to provide extra funding in the event of...
There’s a Lot to Do in Katrina’s Wake
Sep 19 2005 // The aftermath of Hurricane Katrina’s crushing blow to Louisiana and Mississippi makes one wonder, how long it will take for everything to get back to normal, and will it? Last week, I talked to several insurance...
Fla. Task Force to Discuss How to Solve Hurricane Insurance Crisis
Sep 19 2005 // A 12-member Task Force on Long-Term Solutions for Florida’s Hurricane Insurance Market is studying how to help Floridians obtain hurricane insurance, amid complaints that consumers don’t have a seat on the...
Katrina Prompts States to Review Their Disaster Playbooks
Sep 19 2005 // With the horrors from Hurricane Katrina still flashing on live television, Connecticut emergency officials and Gov. M. Jodi Rell (R) met on Sept. 7 to decide how to evacuate 100,000 coastal residents if a Category 4...
Climate Change Poses Major Threat to U.S. Insurance Industry
Sep 19 2005 // Hurricane Katrina is a reminder that U.S. insurers, government and consumers are at great risk from escalating losses from hurricanes and other weather-related events, according to a report by a Boston-based investor and...
Fla. Lawmakers Nelson, Foley Voice Support for National CAT Fund
Sep 19 2005 // Two Florida lawmakers, Sen. Bill Nelson (D-Fla.) and U.S. Rep. Mark Foley (R-Fla.), have voiced support for a national catastrophe fund insurance companies would establish to provide extra funding in the event of...
Editor’s Note: There’s a Lot to Do in Katrina’s Wake
Sep 19 2005 // The aftermath of Hurricane Katrina’s crushing blow to Louisiana and Mississippi makes one wonder, how long it will take for everything to get back to normal, and will it? Last week, I talked to several insurance...
Hurricane Katrina: The Legal Saga Begins
Sep 19 2005 // The New Orleans tragedy may spawn a wave of litigation related to flood protection and levee failures. Public statements, which may serve as a foundation for massive public safety legal claims, began Sept. 1. Based on the...
States Take on Hurricane Relief
Sep 19 2005 // The wheels of state governments across the continent are spinning into action to cope with the far-reaching devastation of Hurricane Katrina. Nearly all states are pitching in somehow. At least 40 states are providing...
States Reopen their Disaster Playbooks in Light of Hurricane Katrina
Sep 19 2005 // Mark K. Matthews With the horrors from Hurricane Katrina still flashing on live TV, Connecticut emergency officials and Gov. M. Jodi Rell (R) met recently to decide how to evacuate 100,000 coastal residents if a Category 4...
Weathering the storm
Sep 19 2005 // Hurricane Katrina could be called an industry nightmare. Some insurers were still reeling from the effects of the Asian tsunamis and last year’s four hurricanes. Yet when Katrina struck in late August, she forced...
HURRICANE KATRINA: The Legal Saga Begins
Sep 19 2005 // The New Orleans tragedy may spawn a wave of litigation related to flood protection and levee failures. Public statements, which may serve as a foundation for massive public safety legal claims, began Sept. 1. Based on the...
Tropical Storm Ophelia Weakens, Sparing New England from Damage
Sep 18 2005 // Predicted heavy rains and fierce winds never materialized and New England escaped the worst of Tropical Storm Ophelia. By Saturday morning, Ophelia pushed past southeastern Massachusetts, the Cape and the Islands, and...
Hurricanes Getting Stronger Even as Worldwide Total Drops
Sep 16 2005 // The number of Category 4 and 5 hurricanes worldwide has nearly doubled over the past 35 years, even though the total number of hurricanes has dropped since the 1990s, according to a study by researchers at the Georgia...
AIIA Launches Hurricane Katrina ‘Blog’
Sep 16 2005 // The Alabama Independent Insurance Agents have launched a Hurricane Katrina ‘blog’ on which information can be logged chronologically to provide information, commentary or thoughts about Hurricane...
Hurricane Ophelia Lashes Cape Lookout, N.C.; Serious Flooding, 11-foot Storm Surge Predicted
Sep 15 2005 // Hurricane warnings are up over a 220 mile stretch of North Carolina’s coast, from Surf City, north of Wilmington to the Virginia line as officials fear serious flooding and a possible 11-foot storm surge. Early...
Lloyd’s Estimates Katrina Impact at $2.54 Billion
Sep 15 2005 // Following a review by all of its 44 managing agents, who operate its 62 active syndicates, Lloyd’s issued a bulletin indicating that its preliminary estimate of losses from Hurricane Katrina are approximately 1.4...
Meadowbrook Insurance Group Expects No Big Hits from Hurricane Katrina
Sep 15 2005 // Meadowbrook Insurance Group Inc. on Thursday reported that, although potential claims information is very preliminary, it does not expect its net losses to be significant from Hurricane Katrina. Meadowbrook President and...
