Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
The Midland Co. Assessing Hurricane Katrina Losses
Sep 1 2005 // Ohio-based The Midland Company is currently assessing the anticipated losses from Hurricane Katrina, which made landfall along the borders of Louisiana and Mississippi earlier this week. “Access to some of the most...
Policyholders Line Up to File Claims at Miss. Agency; Fla. Associations Offer Aid, Assistance to Kartina’s Victims
Aug 31 2005 // Insurance adjusters are scrambling around South Florida, where before crossing into the Gulf of Mexico and becoming a catastrophic hurricane, Katrina slapped Dade and Broward counties with damages experts estimate from...
Insurer Pays $11 Million in Wisc. Tornado Claims
Aug 31 2005 // American Family Insurance of Madison has paid out $11 million in damage claims so far as a result of the Aug. 18 tornadoes that hit central Wisconsin. The insurer provided an update Wednesday on damage claims stemming from...
NBIS – ProBuilders Offering Assistance to Contractors in Several Hurricane-Stricken States
Aug 31 2005 // In an effort to alleviate some of the pain that Hurricane Katrina has brought to the southeastern part of the United States, ProBuilders is offering reduced premiums to those contractors licensed and domiciled in the...
Web Site Provides List of Hurricane Katrina Survivors, Those Unknown
Aug 31 2005 // A list of survivors and those whose fate is unknown following Hurricane Katrina is up and running at www.gulfcoastnews.com. The site has a survivor list with the person’s hometown address and the latest updates on...
S&P Says Katrina Won’t Hit Cat Bonds
Aug 30 2005 // Although they are still relatively rare, compared to the number of commercial property policies in force, a number of cat bonds covering specific property risks were briefly threatened by Hurricane Katrina. However,...
Tropical Storm Katrina to Bring Rain, High Winds Into Tennessee Valley
Aug 30 2005 // Tropical storm Katrina was 35 miles south of Clarksville, Tenn. on Tuesday morning, moving north-northeast at 18 mph. Predictions by the National Hurricane Center indicate it should take a turn toward the northeast, gain...
Florida AG Notes $21,000 in Price Gouging Restitution with 2 Companies
Aug 30 2005 // Florida Attorney General Charlie Crist has announced his office has reached settlements with two companies accused of price gouging during last year’s record-setting hurricane season. Both cases involve established...
CLUS Deploys Adjusters in Response to Katrina
Aug 29 2005 // Dallas-based Cunningham Lindsey U.S. (CLUS) announced it has deployed catastrophe teams across Florida, Louisiana, Alabama and Mississippi in response to Hurricane Katrina. Catastrophe offices have been established, and...
Katrina Now a Tropical Storm; High Winds, Flooding, Possible Tornadoes Still a Threat
Aug 29 2005 // The National Hurricane Center has downgraded Katrina to a tropical storm in the last few hours and issued warnings from Lake Ponchartrain and the mouth of the Pearl River, eastward to the Alabama/Florida border. All other...
Fitch: Katrina Likely to be Largest Insured Loss Since 9/11, 1992’s Hurricane Andrew
Aug 29 2005 // Hurricane Katrina likely will be the largest insured loss from a single event since the terrorist attacks of Sept. 11, 2001 and the largest U.S. hurricane loss since Hurricane Andrew in 1992, Fitch Ratings said...
UPDATE: Katrina Sets Sights on New Orleans; Sustained Winds at 160 mph
Aug 28 2005 // Officials, residents and tourists went into the evening hours Sunday in New Orleans and surrounding areas watching the skies. As rain began to fall and winds picked up, The Big Easy could be in line for a direct and...
UPDATE: Emergency Aid Authorized for Hurricane Katrina Emergency Response in Louisiana
Aug 28 2005 // Michael Brown, under secretary of Homeland Security for Emergency Preparedness and Response, announced that Federal resources are being allocated to support emergency protective response efforts response efforts in the...
RMS: Katrina Could be Even More Devastating than Hurricanes Camille and Betsy
Aug 28 2005 // Based on the current track and forecast intensity (as of Sunday afternoon), insured losses from Hurricane Katrina’s second landfall on the Gulf Coast of the U.S. could be even more devastating than previous...
California Authority Approves Earthquake Insurance Rate Reduction
Aug 26 2005 // The California Earthquake Authority has voted to reduce earthquake insurance premiums by 22 percent, in hopes that it will encourage more homeowners to purchase or renew earthquake coverage. The proposal will now go before...
AIR Worldwide Estimates Hurricane Katrina’s Damages at Less Than $600M
Aug 26 2005 // AIR Worldwide Corp., a risk modeling company, estimates that insured losses from the initial landfall of Hurricane Katrina should not exceed $600 million. With maximum sustained wind speeds of 80 mph at landfall, Hurricane...
CNA Opens Claims Center for Hurricane Katrina
Aug 26 2005 // CNA insurance companies announced the opening of a Catastrophe Operations Center within its Nashville, Tennessee office for handling anticipated claims from Hurricane Katrina. All new Hurricane Katrina losses should be...
General Casualty to Pay $5 Million in Wisc. Tornado Claims
Aug 26 2005 // General Casualty Cos. said today it expects to pay out about $5 million in losses on the nearly 60 claims that have been filed as a result of tornados last Thursday in southeastern Wisconsin. More than 30 of the claims are...
Typhoon Mawar Nears Japan
Aug 25 2005 // Typhoon Mawar is reported to be nearing Japan’s main island of Honshu. It is currently a category 2 storm with sustained winds of 105 mph (168 kph). Mawar’s path has been erratic and it’s still unclear...
Weintraub Arrested in Miami for Selling Bogus Windstorm Insurance Policies
Aug 25 2005 // Allen E. Weintraub of Miami, Fla. has been arrested for collecting more than $100,000 for worthless hurricane insurance he sold to at least 45 consumers. The arrest was announced by Tom Gallagher, Florida’s CFO, who...
