Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
N.Y. Congressional Delegation Urges Renewal of Terrorism Insurance
Jul 7 2005 // Twnety-one bipartisan members of Congress from New York have signed a letter urging quick action on renewal of the Terrorism Risk Insurance Act, which the Bush Administration has opposed in its current form. A day after...
Blair Reacts to London Bombings; Says Countries United to Fight Terrorism
Jul 7 2005 // British Prime Minister Tony Blair spoke about this morning’s explosions on buses and tubes in the capital. Speaking from the G8 summit in Gleneagles, he said his thoughts were with the victims and families of those...
Florida Keys Evacuate as Hurricane Dennis Eyes State
Jul 7 2005 // Evacuations began early Thursday in the Florida Keys as the year’s first hurricane, Dennis, eyed the Sunshine State as it moved through the Caribbean. Forecasters report it could hit Florida as soon as this...
Dennis Becoming Hurricane Menace
Jul 6 2005 // Tropical storm Dennis, the fourth named storm of the season, is currently in the process of consolidation. The latest bulletin from the National Hurricane Center in Miami puts the center of the storm about 310 miles (500...
Tropical Storm Cindy Heads for Northern Gulf Coast
Jul 5 2005 // The National Hurricane Center in Miami issued a tropical storm warning for the northern coast of the Gulf of Mexico from Intracoastal City, La., to Pascagoula, Miss., including the city of New Orleans and Lake...
Multi-Nation Report Finds Terror Insurance Lacking; Private Markets’ Coverage Not Enough
Jul 5 2005 // Days after the U.S. Treasury issued its report downplaying the need for renewal of a federal terrorism risk reinsurance program, an organization of 30 democratic countries including the U.S. has warned of shortfalls in...
Sens. Schumer, Clinton Blast Treasury Report; Call for TRIA Renewal
Jul 5 2005 // New York Senators Charles E. Schumer, D, and Sen. Hillary Rodham Clinton, D, have blasted the Treasury Department’s report, submitted to the Senate Banking Committee, which urged Congress not to renew the Terrorism...
Deductibles Motivated Homeowners to Cheat on Claims
Jul 4 2005 // Investigators Cite Increase in Fla. Insurance Fraud Insurance fraud has increased dramatically in Florida as an after-effect of the 2004 hurricane season Robert Elliott, a lead investigator with Nationwide...
News Briefs
Jul 4 2005 // ALABAMA Arlene’s Timing Perfect for Referral List When Tropical Storm Arlene blew through Alabama it made the timing ideal for the release of a homeowners insurance referral list providing area homeowners with the...
Deductibles Motivated Homeowners to Cheat on Claims
Jul 4 2005 // Insurance fraud has increased dramatically in Florida as an after-effect of the 2004 hurricane season Robert Elliott, a lead investigator with Nationwide Insurance’s Special Investigation Unit told law enforcement...
News Briefs
Jul 4 2005 // ACIC OPPOSES CREDIT BILL: The Association of California Insurance Companies is opposing legislation which would eliminate rather than regulate credit-based insurance scoring, according to ACIC President Sam Sorich. The...
News Briefs
Jul 4 2005 // ACIC OPPOSES CREDIT BILL: The Association of California Insurance Companies is opposing legislation which would eliminate rather than regulate credit-based insurance scoring, according to ACIC President Sam Sorich. The...
FAIA Speaker Warns: Make Hurricane Policy Changes Before That One-in-10,000 Hurricane Hits
Jul 1 2005 // It’s essential to prepare now in case that one-in-10,000 major hurricane hits the Southern United States, Roger Looyenga, CEO of Auto-Owners Insurance told conventioneers attending the Florida Association of...
Record-Breaking 2004 Hurricane Season to Change Cat Modeling
Jul 1 2005 // The 2004 hurricane season has led to a much greater focus on aggregate risk and this will prompt changes in catastrophe risk assessment, attendees at the Casualty Actuarial Society (CAS) Spring meeting heard. Randall...
Agents Unhappy with Administration’s View on Terror Insurance
Jul 1 2005 // The Independent Insurance Agents & Brokers of America expressed both cautious optimism and concern over Administration comments regarding a federal backstop for terrorism insurance. The Terrorism Risk Insurance Act is...
ABI Study Finds “Extreme Weather” Could Raise Losses to $27 Billion
Jun 30 2005 // The Association of British Insurers (ABI) has released a ground-breaking report, “Financial Risks of Climate Change,” which shows that the worldwide costs of major storms is likely to increase by as much as...
Treasury Report Opposes Renewal of Terrorism Risk Insurance Act
Jun 30 2005 // The Treasury Department on June 30 released a long-awaited report on the Terrorism Risk Insurance Act of 2002 that concludes the act should not be renewed by Congress in its current form. The report finds that TRIA has...
Treasury Report on Terrorism Insurance: Exec Summary
Jun 30 2005 // The following is the Introduction and the Executive Summary of the June 30, 2005 report from the Treasury Department on the Terrorism Risk Insurance Act of 2002 including its assessment of the act and recommendations for...
Businesses Hit Treasury Terrorism Insurance Report
Jun 30 2005 // The business lobby, Coalition to Insure Against Terrorism, is blasting as “flawed” and illogical the Treasury Department’s report recommending against renewal of the federal Terrorism Risk Insurance Act...
UF Study Shows Fla. Homes Built After 2002 Sustained Less Damage in Hurricane Winds
Jun 29 2005 // Homes built under the Florida Building Code that became effective in 2002 sustained less damage on average than those built between 1994 and 2001 under the Standard Building Code according to a University of Florida study...
