Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Hurricane Survivor Feels Lucky, Despite Hassles
Oct 4 2004 // Betsy Gunderson isn’t living in her Coral Gardens neighborhood these days. Hurricane Frances rendered her home unfit for habitation. Then came a second slap for good measure from the remnants of Ivan, and the final...
Midwest Insurers Issue $90 Million More in Hurricane Loss Estimates
Oct 4 2004 // Another group of Midwest-based insurers have issued loss estimates totaling $90 million related to the recent hurricane season. St. Paul Travelers Cos. estimated its losses from Hurricane Frances at about $75 million,...
Hurricanes Insurance Claims Expected to Exceed $22 B
Oct 4 2004 // Thanks to Charley, Frances, Ivan, and Jeanne, insurance claim payments are expected to exceed $22 billion, far surpassing the claims for hurricane Andrew in 1992, which totaled $15.5 billion. According to the Insurance...
Zenith Estimates Losses Related to Hurricanes
Oct 4 2004 // Woodland Hills, Calif.-based Zenith National Insurance Corp. announced its initial estimate of aggregate losses in its assumed reinsurance business attributable to Hurricanes Charley, Frances, Ivan and Jeanne. Zenith...
Montpelier Re Estimates Hurricane and Typhoon Net Impact at $185 to $235 Million
Oct 1 2004 // Bermuda-based Montpelier Re Holdings Ltd. announced that on the basis of currently available information the estimated combined net negative impact of losses from Hurricanes Charley, Frances, Ivan and Jeanne and Typhoons...
At $22 Billion, Insured Losses from Four Florida Hurricanes Will Exceed Andrew’s Record
Oct 1 2004 //
Munich Re Estimates $616 Million Hurricane Losses
Oct 1 2004 // Munich Re, the world’s largest reinsurer, issued a statement estimating that its losses from “an unusually close succession of windstorms in the Atlantic and Pacific” would be around 500 million euros...
Hurricane-Related Claims Force American Superior Into Receivership
Oct 1 2004 // Florida state regulators have placed American Superior Insurance Co. into receivership (See Southeast News Sept. 29) after it became overwhelmed by homeowners claims. The small company with offices in Plantation, Fla., has...
XL Estimates Frances and Ivan Claims at $220 Million
Oct 1 2004 // Bermuda’s XL Capital Ltd. announced that, based on initial loss reports and preliminary estimates, it expects to receive net claims arising from Hurricanes Frances and Ivan of approximately $70 million and $150...
Transatlantic Holdings Estimates Net Hurricane Losses at $97.5 Million
Oct 1 2004 // Transatlantic Holdings, Inc. (TRH) estimated that its net losses from Hurricanes Frances, Ivan and Jeanne will amount to approximately $65 million, after tax. It said, “after adding the impact of such losses to the...
Fla. Official Urges Patience in Filing Insurance Claims
Oct 1 2004 // After preparing for recent hurricanes, then living through them, the last thing shell-shocked Osceola County, Fla. residents want is difficulty in filing claims with insurance or government agencies. Some homeowners are...
The Hartford Reports Q3 Earnings
Sep 30 2004 // The Hartford Financial Services Group Inc. today estimated its 2004 third quarter earnings per fully diluted share at between $0.85 and $0.95. This estimated range assumes no net realized capital gains or losses or unusual...
Fairfax, OdysseyRe Estimate Hurricane Losses
Sep 30 2004 // Toronto-based Fairfax Financial Holdings Limited announced that its initial estimate of aggregate potential net losses relating to Hurricanes Frances, Ivan and Jeanne is in the range of US$85 million to US$95 million after...
Insurers Applaud House Committee Passage of TRIA Extension Act
Sep 30 2004 // Both the Property Casualty Insurers Association of America (PCI) and the National Association of Mutual Insurance Companies (NAMIC) praised the House Financial Services Committee’s passage of H.R. 4634, the Terrorism...
RenRe Comments on Hurricanes’ $425 Million Impact; Fitch Affirms Debt Ratings
Sep 30 2004 // Bermuda-based RenaissanceRe Holdings Ltd. estimates that Hurricanes Charley, Frances, Ivan and Jeanne will have a combined negative impact on the Company’s third quarter earnings of approximately $425 million. RenRe...
Horace Mann Reports Hurricane Impact
Sep 30 2004 // Illinois-based Horace Mann Educators Corp. estimates its financial impact from Hurricane Frances and Hurricane Ivan, net of anticipated reinsurance, will total approximately $23 to $26 million pretax. In addition, the...
Penn-America Group Notes Hurricane Losses
Sep 29 2004 // Pennsylvania-based Penn-America Group Inc. stated that based upon claims reported to date, it expects after-tax losses from Hurricanes Charley, Frances, Ivan and Jeanne, including additional reinsurance premiums, will be...
SCOR Estimates Q3 Hurricane Losses at $27.5 Million
Sep 29 2004 // France’s SCOR Group estimates that the total gross cost of the cost of the hurricanes in the United States and in the Caribbean, Charley, Frances and Ivan, to be 22.5 million euros million ($27.5 million). SCOR noted...
W. Va. Hurricane Ivan Aid at $2.5 Million
Sep 29 2004 // Federal and state grants to assist West Virginians with flood recovery efforts have reached $2.5 million, state and federal recovery officials said on Wednesday. President Bush’s Sept. 20 Hurricane Ivan disaster...
Fla. Insurers Often Waive Multiple Deductibles
Sep 29 2004 // Many insurance companies are waiving additional deductibles for people who’ve suffered losses from more than one hurricane. Hurricane Jeanne’s path poses the grim prospect of triple insurance deductibles for...
