Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
RMS Releases Newest Catastrophe Model
Oct 3 2001 // Risk Management Solutions (RMS), a specialist in the area of natural hazard risk modeling, announced the most recent release of its U.S. and Canada Tornado/Hail models for use with RiskLink®-DLM and ALM® catastrophe...
RiskMeter Forms Alliance with Eqecat to Provide EQ, Wildfire Risk Info
Oct 3 2001 // RiskMeter (http://www.riskmeter.com/), an online source for insurance professionals for automated property lookups, announced an alliance with EQECAT Inc. (http://www.eqecat.com) to provide earthquake and wildfire...
NAIC Reassures Congress in Aftermath of Terrorist Attacks
Oct 2 2001 // National Association of Insurance Commissioners (NAIC) President and Kansas Insurance Commissioner Kathleen Sebelius told Congress that the American insurance industry is financially able to withstand the pressures created...
Maryland Tornado Losses Top $30 Million
Oct 1 2001 // The damage to public and private property from the tornado which ravaged Prince George’s and Howard Counties last week has been preliminarily estimated at $31.7 million. No indications have yet been made concerning...
Chubb CEO Says Industry Is Strong, Warns That Unavailability of Reinsurance Will Jeopardize Future T
Oct 1 2001 // Dean R. O’Hare, Chairman and CEO of The Chubb Corporation, one of the world’s leading property and casualty insurers, told Congress that the insurance industry is strong and will be able to pay all claims...
The Hartford Extends Premium Payments in Light of Terrorist Attacks
Sep 26 2001 // As part of its ongoing effort to help customers recover from last week’s tragic events, The Hartford Financial Services Group is temporarily extending premium insurance payment periods to customers unable to pay...
NAIC To Hold Summit to Discuss Terrorist Attacks
Sep 26 2001 // The National Association of Insurance Commissioners (NAIC) will hold a summit on Oct. 22-24 to discuss in greater depth the insurance issues related to the recent terrorist attacks. The summit will be held at the Omni...
Fitch Completes Ratings Analysis Following Terrorist Attacks
Sep 26 2001 // Fitch completed the initial phase of its ratings review of insurance and reinsurance companies exposed to losses from the terrorist attacks of Sept. 11 in the United States. Findings have been issued on 16 insurance...
St. Louis Hailstorm Still Impacting Insurers
Sep 26 2001 // Five months after a major hailstorm pelted north St. Louis County, Florissant city inspectors are still checking repair contractors’ work and the Missouri Department of Insurance is continuing to follow through on...
Insurance Leaders Meet with President Bush to Discuss State of Industry
Sep 25 2001 // In a recent White House meeting, Independent Insurance Agents of America (IIAA) CEO Robert A. Rusbuldt and other industry leaders reassured President Bush that insurance agents and companies are well-positioned to handle...
ACE Increases Loss Estimates from Terrorist Attacks
Sep 25 2001 // Bermuda’s ACE Ltd. increased its estimates of anticipated losses from the terrorist attacks in the U.S. from $400 million to $550 million, citing additional reinsurance claims as the principal factor. The...
Navigators Estimates Losses from Terrorist Attack
Sep 25 2001 // The Navigators Group Inc. estimates its after tax net loss from the September 11th terrorist attack on the World Trade Center to be approximately $5 million. The loss comes primarily from business underwritten at the...
International Commentary: A Stunned World Reacts to Terrorist Attacks
Sep 24 2001 // No words will ever be able to fully convey the shock and the stunned incredulity around the world as the Sept. 11th terrorist attacks unfolded on television screens across the globe. Live coverage on French television...
Sept. 11, 2001: Terrorist Attacks Strike America
Sep 24 2001 // Terrorists crashed two hijacked planes into the World Trade Center this morning, causing countless deaths and untold damage as the twin 110-story towers collapsed. The crashes occurred minutes apart just before 9 a.m., and...
Cost of Business Interruption Claims from Terrorist Attacks May Take Months to Determine September
Sep 24 2001 // The large number of businesses affected by the terrorist attacks combined with the length of time it will take to repair the damages means that it may take several months before an accurate estimate on business...
True Loss from Sept. 11 Terrorist Attacks on U.S. is Immeasurable, As Estimates of Potential Insured
Sep 24 2001 // “The World Trade Center is a living symbol of man’s dedication to world peace, his belief in cooperation of men and, through cooperation, his ability to find greatness.” —Minoru Yamasaki (1912-1987),...
U.S.- EU To Help Airlines Cover War, Terrorist Risks
Sep 24 2001 // The governments of the U.S., the U.K. and the European Union rode to the rescue of the airline industry over the weekend when they announced separate decisions to help carriers cope with increases in premiums covering war...
Chubb Estimates $500-$600 Million in Losses from Terrorist Attacks
Sep 21 2001 // Warren, N.J.-based Chubb Corp. announced that it anticipated losses from the terrorist attacks of September would amount to between $500 and $600 million pre-tax, net of reinsurance. The figures, which include the...
Swiss Re, Munich Re Raise Catastrophe Loss Estimates
Sep 21 2001 // The world’s two largest reinsurance companies, Swiss Re and Munich Re, have practically doubled their estimates of potential losses and have lowered their earnings forecasts as a result of the terrorist attacks in...
Kemper Estimates Net Losses from Sept. 11 Terrorist Attacks to be $60M-$80M
Sep 21 2001 // The Kemper Insurance Companies announced that it expects its pre-tax losses from the Tuesday, Sept. 11 terrorist attack to be $60 million to $80 million, net of reinsurance arrangements. David B. Mathis, Kemper chairman...
