Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
AIR Releases New Web Application for Underwriters
Oct 16 2001 // AIR, the Boston-based catastrophe modeling company, has announced the availability of AIRProfiler™, a web-based application that provides a quick and cost-effective means to assess the natural catastrophe hazard facing...
In the Thick of National Crisis: IJ Talks with IIAA CEO Rusbuldt
Oct 15 2001 // As the nation was reeling from tragedy, Robert A. Rusbuldt, CEO of the Independent Insurance Agents of America (IIAA), was moving ahead with other industry representatives to ensure that the important role of independent...
RMS Releases New Company Website for Natural Hazard Risk Management
Oct 12 2001 // Risk Management Solutions (RMS), the industry leader in natural hazard risk modeling, announced the release of its newly upgraded company website at www.rms.com. The new site serves as an entry point to the company’s...
NAII Suggests Claims Handling Strategies for Damages Connected to Terrorism Attacks
Oct 11 2001 // The National Association of Independent Insurers (NAII) outlined five specific recommendations to help victims and insurers expedite the claims process and streamline the financial recovery from terrorist attacks and other...
Industry, Legislators Ponder Formation of Terrorist Risk Pool
Oct 10 2001 // The idea of creating a federally backed insurance pool to guard against future acts of terrorism is gathering steam on Capitol Hill. The Wall Street Journal reported on Oct. 9 that top-level insurance executives and...
Will Reinsurance Rebound from Terrorist Strikes in the U.S.’
Oct 8 2001 // If the nautical term best applied to the reinsurance industry last year at this time would have been “steady as she goes,” after the catastrophe that struck the U.S. on Sept. 11, the French term “sauve...
CHUBB CEO
Oct 8 2001 // Industry Is Strong: 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...
Financial, Human Losses Grow from Sept. 11 Tragedies
Oct 8 2001 // The financial and human losses from the events of Sept. 11 continue to haunt insurance companies at home and around world. Insurers have been assessing the impact and are beginning to pay claims with an as yet undetermined...
NAII Offers Terrorism Reinsurance Proposal
Oct 5 2001 // The National Association of Independent Insurers (NAII) offered a proposal to address risks related to terrorism and other catastrophic losses in the wake of the World Trade Center disaster. In addition, the Association...
Maryland Seeks Federal Aid for Tornado Cleanup
Oct 4 2001 // In an effort to receive Federal assistance, Maryland Governor Parris Glendening asked that Prince George’s and Howard Counties be declared disaster areas following the extensive damages caused by a tornado last...
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...
