Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Texas Gov. Requests Hurricane Preparedness Report
Oct 6 2004 // Texas Gov. Rick Perry notified legislators from coastal areas across the state that he has directed Homeland Security Director Steve McCraw to assess Texas’ ability to handle large scale evacuations in the event of a...
Max Re Estimates Hurricanes’ Impact on Q3 Earnings at $20 to $25 Million
Oct 5 2004 // Bermuda’s Max Re Capital Ltd. announced that preliminary estimates indicate that the Company’s 2004 third quarter earnings will be negatively impacted by $20 to $25 million as a result of Hurricanes Charley,...
Hiscox Estimates Hurricanes’ Impact at $45 Million
Oct 5 2004 // U.K. insurer Hiscox PLC, which writes coverage both in the Lloyd’s market and independently, said that based on an initial review of its losses from the recent four hurricanes, which caused extensive damage in the...
Endurance Estimates Hurricane Claims at $115 Million
Oct 5 2004 // Bermuda-based Endurance Specialty Holdings Ltd. reported that estimated aggregate potential claims from hurricanes Charley, Frances, Ivan, and Jeanne, net of reinsurance recoverables, reinstatement premiums, and taxes, is...
Berkley Updates Q3 Hurricane Loss Estimates to $20 Million, Including Jeanne
Oct 5 2004 // W. R. Berkley Corporation announced that has updated its estimate of hurricane losses in the third quarter to now include those from Hurricane Jeanne as well as Hurricanes Charley, Frances and Ivan. Berkley’s...
ISO Study Reveals Calif. Brushfire Destruction in High-Risk Areas
Oct 5 2004 // With wildfires becoming a growing threat to homeowners and businesses in the western United States, insurers are increasingly relying on space age technology to help them identify these exposures as part of their...
Markel Estimates $80 Million in Hurricane Losses
Oct 4 2004 // Richmond, Va.-based Markel Corporation announced that on the basis of currently available information its estimated pre-tax net losses, including reinstatement premiums, from Hurricanes Charley, Frances, Ivan and Jeanne...
Everest Re Estimates Around $190 Million Exposure to Hurricane, Typhoon Losses
Oct 4 2004 // Barbados-based Everest Re Group, Ltd. announced that, based on its initial assessment of potential exposures, it expects aggregate losses from Hurricanes Charley, Frances, Ivan and Jeanne, and the quarter’s Pacific...
Brit, Beazely and Kiln Estimate Storm Losses
Oct 4 2004 // Three leading Lloyd’s Market insurers, Brit Insurance Holdings PLC, Beazley Group PLC and Kiln PLC, have announced preliminary estimates of their losses from the recent hurricanes, which struck Florida and a number...
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...
