Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
I.I.I. Estimates Insurers Will Pay $7.4 Billion for Charley
Aug 18 2004 // Insurers are likely to pay out an estimated $7.4 billion for homes, businesses and personal possessions that were damaged by Hurricane Charley, according to the Insurance Information Institute (I.I.I.). The storm, which...
Insurers Say Charley Not as Devastating as Andrew
Aug 17 2004 // Initial reports from insurance companies with claims adjusters on the ground in Florida indicate that damage from Hurricane Charley, while extensive, was less than the state experienced when Hurricane Andrew hit South...
AIR Worldwide: Charley Paved Narrow, But Destructive Path Across Florida
Aug 17 2004 // With an expected insured loss of $6-10 billion, Hurricane Charley’s assault on Florida will likely rank as the second costliest in U.S. hurricane history. While devastating both in terms of damage and lives lost,...
RMS Revises Hurricane Charley’s Insured Loss Estimate to Around $5 Billion
Aug 16 2004 // It may be small comfort to the beleaguered Floridians who are trying to pick up their lives after Charley’s deadly passage Friday afternoon (See lead article), but the violent storm actually caused less damage than...
21st Century Tallies Claims From Charley
Aug 16 2004 // Florida-based 21st Century Holding Co. has reported losses for Hurricane Charley. Edward (Ted) Lawson, president & chairman of the Board, commented about Federated National Insurance Company, a subsidiary of 21st...
Charley Represents Material Loss, Fitch Says
Aug 16 2004 // According to Fitch Ratings, Hurricane Charley will represent only a material loss to the insurance industry because of the relatively wide range ($5 billion – $10 billion) of insurance loss estimates could be revised...
Best: Majority of Insurers Will Meet Charley Commitments; Industry Not to Be Significantly Weakened
Aug 16 2004 // In response to Hurricane Charley, A.M. Best Co. has been gathering public and private information in order to assess the financial impact the hurricane will have on the global property/casualty insurance and reinsurance...
Charley Batters Cuba; Heads Towards Florida
Aug 13 2004 // It’s now apparent that Charley has become the season’s first full-blown hurricane, packing sustained winds of 105 mph (168 km/hr) with higher gusts. The storm hit Cuba near the port of Batabano, south of...
While Others Flee Dangerous Charley, Crews from MacDill Air Force Base Head Directly for the Storm
Aug 13 2004 // Mother Nature is poised to unleash hurricane-force winds and torrential downpours near Florida’s MacDill Air Force Base in Tampa Bay Friday, Aug. 13 from Hurricane Charley. While most people at MacDill have battened...
Neighbors, Volunteers and Faith Groups Spring into Action as Charley Bears Down on Southeast
Aug 13 2004 // by Susan Kim By Friday morning, two million residents and visitors had evacuated Florida as Hurricane Charley edged its 110-mph winds closer to the state’s west coast. The storm could send parts of Tampa and its...
Storm Bonnie Spawns Tornadoes from Fla. to Va.
Aug 13 2004 // Severe weather from Tropical Storm Bonnie spawned tornadoes from Florida to Virginia Thursday afternoon and Friday morning, killing three people and destroying numerous homes. In Rocky Point, N.C., a twister killed three...
RMS: Hurricane Charley Insured Losses Could Top $15 Billion as Storm Moves
Aug 13 2004 // Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, has updated its forecast and loss estimates (See National news) for Hurricane Charley to reflect changes in the...
Hurricane Charley Heads for U.S. Mainland
Aug 12 2004 // As of 8:00 this morning Hurricane Charley was passing over Western Cuba, and the National Hurricane Center in Miami puts the storm on a track to strike Central Florida by tomorrow morning. Residents (and their insurers) in...
Fla. Residents Brace Themselves for Charley’s Visit
Aug 12 2004 // Residents of coastal areas can take steps now to make the insurance claims process move smoothly should their property be damaged by Hurricane Charley, according to the Insurance Information Institute (I.I.I.). According...
RMS: Direct Charley Hit Losses Could Top $10 Billion
Aug 12 2004 // Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, on Thursday warned that insured losses in the U.S. could exceed $10 billion if Hurricane Charley follows the...
Charley Threatens Caribbean Islands
Aug 11 2004 // The latest advisory bulletin from the National Hurricane Center in Miami reports that Tropical Storm Charley is continuing rapidly west-northwestward toward Jamaica and that a tropical storm warning and a hurricane watch...
Summer in the City: Unconventional Insurance and Olympian Security in Age of Terrorism Risk
Aug 10 2004 // A little more than a year ago, Britain’s Prince William celebrated his 21st birthday with a costume party at Windsor Castle. While William was addressing the partying crowd, a stranger wearing a black beard, white...
DRI Calls on Congress for 2-Year Extension of TRIA
Aug 10 2004 // The national defense bar organization, DRI – The Voice of the Defense Bar, is calling on Congress to support a two-year extension of the Terrorism Risk Insurance Act of 2002 (TRIA). The insurance legislation, which...
AIR Releases 2004 U.S. Storm, Terrorism Models
Aug 9 2004 // AIR Worldwide Corporation (AIR) announced the release of its 2004 U.S. hurricane, earthquake, severe thunderstorm and terrorism models. The updated models reflect the latest scientific and engineering research into these...
Summer in the City: Terrorism, Political Conventions and the Olympics
Aug 9 2004 // A little more than a year ago, Britain’s Prince William celebrated his birthday with a costume party at Windsor Castle. While William was addressing the partying crowd, a stranger wearing a black beard, white turban...
