Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
PIAA of Fla. Educational Event Answers Essential Hurricane, Catastrophe Planning Questions
Sep 22 2005 // Professional Insurance Agents of Florida instructor Ron Silverman answered 40 essential questions about catastrophe planning for hurricanes during educational sessions titled “Lessons Learned from Charley, Frances,...
RMS Model Shows Increased Risk of Extreme U.S. Terrorism Losses
Sep 22 2005 // According to Risk Management Solutions’ fourth annual U.S. Terrorism Risk Model, the risk of extreme terrorism-related events over the next five years, including terrorist attacks using chemical, biological,...
TDI Prepared to Help Those Impacted by Hurricane Rita
Sep 22 2005 // The Texas Department of Insurance announced it is preparing staff and resources to be ready for the aftermath of Hurricane Rita, wherever the storm makes landfall. TDI said it is maintaining staff at the Division of...
Hurricane Rita Evacuee Bus Fire Kills 24; Beaumont, Port Arthur Danger Increases
Sep 22 2005 // As many as 24 evacuees trying to escape the impending visit of Hurricane Rita, were killed early Friday in a bus fire on a highway near Dallas. The official death toll was unknown, but authorities said more than 40 people...
TDI Outlines Expectations for Industry Regarding Hurricane Rita
Sep 22 2005 // As Hurricane Rita approaches the Texas coast, the Texas Department of Insurance issued several bulletins to the insurance industry. Bulletins are signed by the insurance commissioner and notify the industry of the...
IPC Holdings Unveils Early Estimate of Katrina Losses
Sep 22 2005 // Bermuda-based IPC Holdings, Ltd. announced that it expects third quarter 2005 earnings to be significantly impacted by Hurricane Katrina. According to a company release, “Based upon a preliminary analysis of the...
La. DOL Launches Toll-Free Number for Hurricane Katrina Evacuees to Report Change of Address
Sep 21 2005 // Hurricane Katrina evacuees from Louisiana who filed for Unemployment Insurance and Disaster Unemployment Assistance benefits must immediately contact the Louisiana Department of Labor to file a change of address if their...
IIA of Georgia Members Donate to Hurricane Katrina Relief
Sep 21 2005 // The Independent Insurance Agents of Georgia has contributed $3,000 to its sister associations in the states damaged by Hurricane Katrina. “We mailed the checks the Tuesday after Labor Day. We also appealed to our...
PIA Requests Advance Emergency Orders From TDI
Sep 21 2005 // The National Association of Professional Insurance Agents and its affiliate, the Texas Insurance Professionals, are recommending that Texas insurance regulators and federal authorities ease certain insurance regulations...
IIAT Prepares Recovery Assistance Web Page in Advance of Hurricane Rita
Sep 21 2005 // Stating “this could be the big one we’ve avoided for years,” the Independent Insurance Agents of Texas announced it has developed a special Web page to report on storm activity and recovery plans, if...
Insurance CAT Teams Mobilize in Texas as Rita Nears
Sep 21 2005 // The Insurance Council of Texas reported that insurance companies have begun to mobilize their catastrophe teams to prepare for the landfall of Hurricane Rita. Texas insurers are repositioning their mobile response teams...
N.C. Agriculture Losses $19.6M From Hurricane Ophelia
Sep 21 2005 // Hurricane Ophelia resulted in damages to North Carolina’s agricultural industry amounting to $19.6 million, based on reports tabulated from 13 counties. According to the North Carolina Department of Agriculture and...
UPDATE: Hurricane Rita Reaches Category 2 Status
Sep 20 2005 // What was once a tropical storm hovering off the Florida coast has turned into Hurricane Rita, as she strengthened into a Category 2 hurricane on Tuesday, lashing the Florida Keys with heavy rain and strong wind. Winds were...
PXRE Estimates Katrina Impact at $235 to $300 Million; Sees 2005 Loss
Sep 20 2005 // The Bermuda-based PXRE Group Ltd. has updated its estimates of potential losses from Hurricane Katrina to between $235 to $300 million, “after tax, reinsurance recoveries on its outwards reinsurance program and the...
Hurricane Rita, Packs 100 mph Winds, Passes Key West; Forecasters Predict Texas Track
Sep 20 2005 // Preliminary reports suggest only moderate damage occurred as Hurricane Rita threaded the needle between the Florida Keys and the northern coast of Cuba Tuesday afternoon flooding roads and beaches with seawater. As...
Fla. AG Warns: Beware of Unscrupulous Operators Capitalizing on Hurricane Rita
Sep 20 2005 // Florida’s Attorney General Charlie Crist has warned unscrupulous businesses operators against attempting to take advantage of Florida residents and visitors as they cope with potential emergency conditions brought on...
Insurance Commissioners To Form National CAT Insurance Program
Sep 20 2005 // Insurance Commissioners of several large states will convene at a summit to develop a National Catastrophe Insurance Program. The summit is being organized by California Insurance Commissioner John Garamendi,...
An Open Letter to the Insurance Industry Seeking Assistance for Independent Agents Devastated from Hurricane Katrina
Sep 20 2005 // Independent insurance agents in Southeast Louisiana and South Mississippi face a daunting task as they play their part in rebuilding their shattered communities. They will need the help of the insurance companies whose...
Fitch: Katrina Causes Unprecedented Challenges/Risks for P/C Insurers
Sep 19 2005 // Circumstances surrounding Hurricane Katrina are unprecedented in many ways, said Fitch Ratings. So much so that the rating agency may need to reassess the core risk profile of the property/casualty insurance...
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...
