Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
NAII Calls on Congress to Act on Terrorism Reinsurance Legislation Before Adjournment
Oct 16 2002 // If Congress adjourns without reaching a final agreement on terrorism reinsurance legislation, insurance markets for such coverage will continue to be plagued by availability and affordability issues, particularly for...
OneBeacon Catastrophe Team Deploys ActivePhoto Solution
Oct 15 2002 // ActivePhoto, a provider of mobile workflow automation solutions for businesses, announced that OneBeacon Insurance Group has deployed the ActivePhoto Express solution for its catastrophe claim operations. The ActivePhoto...
Hiscox Launches New System for U.S. Terrorism Insurance
Oct 14 2002 // London-based Hiscox Plc, which operates in both the Lloyd’s and specialty lines markets, announced the launch of a unique broker “extranet system” to provide solutions for U.S. clients requiring terrorism...
Voodoo, Hurricanes and Insurance… in the Big Easy
Oct 14 2002 // AAMGA. ASCnet. NAPSLO. NAII. The Big I. And the list goes on… Each year, the insurance industry receives plenty of invitations to the industry’s biggest conventions, as well as countless local meetings to...
Voodoo, Hurricanes and Insurance… in the Big Easy
Oct 14 2002 // AAMGA. ASCnet. NAPSLO. NAII. The Big I. And the list goes on… Each year, the insurance industry receives plenty of invitations to the industry’s biggest conventions, as well as countless local meetings to...
House Subcommittee Explores Use of Capital Markets to Spread Catastrophe Risk
Oct 11 2002 // The House Financial Services Oversight and Investigations Subcommittee is exploring the expanded use of capital markets to spread the financial risk from future catastrophic losses. At a hearing this week, the Subcommittee...
Investigators Confirm French Supertanker Was Hit by Terrorist Attack
Oct 11 2002 // An official bulletin from the French Foreign Ministry confirmed that a team of French and U.S. investigators had found definitive evidence that the explosion and fire that engulfed the supertanker Limburg in the Gulf of...
Fitch Ratings Expects Low Losses From Hurricane Lili
Oct 10 2002 // Fitch Ratings announced the release of a special report titled, “Hurricane Lili: Storm Weakens before Landfall, Low Insured Losses Expected as a Result,” which predicts damages from the hurricane will not...
NAMIC Urges Conferees to Complete Action on Terrorism Reinsurance Program
Oct 10 2002 // In a letter hand delivered to all terrorism reinsurance conferees, the National Association of Mutual Insurance Companies (NAMIC) and two other industry trade associations stated the critical nature of terrorism...
I.I.I. Estimates $600M in Claims from Hurricane Lili
Oct 7 2002 // Estimates from the Insurance Information Institute (I.I.I.) say that U.S. insurers could pay $600 million in claims as a result of Hurricane Lili, which began its attack on the Gulf Coast last week, and has continued with...
Tanker Attack Terrorist Connection May Raise Rates
Oct 7 2002 // Authorities are examining the circumstances surrounding the explosion and fire that ripped through the French supertanker Limburg on Sunday morning in the Gulf of Aden off the coast of Yemen. While all but one of the crew...
PIA Glenmont Alliance Pushes Passage of Terrorism Backstop Bill
Oct 3 2002 // The Professional Insurance Agents of Connecticut, New Hampshire, New Jersey and New York State Inc. is urging Congress to pass federal terrorism backstop legislation currently being debated in conference, echoing President...
EQECAT To Help Canadian Insurance Bureau Redefine CRESTA Zone Boundaries for Earthquake Loss Exposure
Oct 3 2002 // Oakland-based EQECAT has been selected by the Insurance Bureau of Canada (IBC) to participate in a major industry study that will revise and redraw the Canadian CRESTA zone seismic boundaries. The study plans to use...
IIABA, Business Leaders Talk with President Bush on Terrorism Coverage
Oct 3 2002 // Independent Insurance Agents & Brokers of America (IIABA) CEO Robert Rusbuldt, Senior Vice President of Government Affairs Maria Berthoud and two independent agents, along with business and union leaders, met with...
Lili May Become a “Major Hurricane” Today
Oct 2 2002 // Miami’s National Hurricane Center issued a new update on Hurricane Lili, currently located northwest of Cuba, warning that “maximum sustained winds have increased to near 110 mph, with higher...
AAI Encouraged by President’s Stance on Terrorism Legislation
Oct 2 2002 // The Alliance of American Insurers reports it was encouraged by President George W. Bush’s strong stance on the need for federal terrorism insurance legislation earlier this week. “President Bush painted a very...
IIABA Pens Letter to U.S. Senate Chairman to Commend Pursuit of Terrorism Reinsurance Legislation
Oct 1 2002 // In a letter to the United States Senate and Chairman Paul Sarbanes, the Independent Insurance Agents & Brokers of America (IIABA) is commending the Chairman in seeking a quick resolution to the present terrorism...
Pres. Bush Tells Lawmakers to Agree on Terrorism Legislation Within 3 Days
Oct 1 2002 // Noting that time was of the essence, President Bush has given lawmakers three days to come to an agreement on legislation guaranteeing businesses affordable terrorism insurance, according to the Associated Press. Bush...
The State of the Surplus Lines Market with Michael J. Hall
Sep 30 2002 // Insurance Journal publisher Mark Wells recently spoke with Michael J. Hall, chairman of M.J. Hall & Company Inc. and president of Golden Bear Insurance Company, both headquartered out of Stockton, Calif. Hall shared...
Securing Building Sites in the Wake of Sept. 11
Sep 30 2002 // With the remembrance of the events of Sept. 11, building and site security has become an increasingly important issue to companies all over the nation and the world. Nowadays, it is simply not prudent to be lax on...
