Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Study Disagrees With Global Warming Notion
Jul 12 2001 // A study analyzing insured hurricane damages from all hurricanes which impacted the continental U.S. in the 20th Century, disagrees with some analysts’ claims who stated that global warming has caused gains in...
More Atlantic Hurricanes Predicted
Jul 11 2001 // London-based weather analyst Tropical Storm Risk (TSR) has predicted more storm activity in the Atlantic this year than previously expected, with the possible formation of 6 potentially deadly hurricanes from a total of 13...
Tropical Storm Allison Rains on Chubb Profits
Jul 11 2001 // The Chubb Corp. announced its second quarter profits would drop by more than 25 percent from last year, mainly due to losses from Tropical Storm Allison, which did much damage in Texas, Louisiana and other parts of the...
California Earthquake Authority Releases Project Consulting Team Report
Jul 11 2001 // A new report completed by Tillinghast-Towers Perrin presents the current state of the California Earthquake Authority (CEA) in a positive light. The “CEA Project Consulting Team Report,” was commissioned by the...
Earthquake Awareness: Not Just a California Thing Anymore
Jun 25 2001 // Residents in Oregon and Washington would probably be surprised to know that more than 1,000 earthquakes per year are recorded in the two states by the seismology lab at the University of Washington. The biggest reason for...
Banning Major Earthquakes-A Savvy, Market-Saving Move
Jun 25 2001 // Apparently, we’ve licked that quake insurance problem. Faced with the devastation (property and market) wrought by the Northridge Earthquake and the realization by insurers that the loss models they had carefully...
RMS Releases New European Windstorm Models
Jun 22 2001 // Newark, California-based Risk Management Solutions has released “two comprehensive data products designed to quantify the risks associated with European windstorms.” The heavy losses, $14.4 billion ($7.8...
Hailstorm Causes an Estimated $220M in Damage
Jun 22 2001 // Perhaps one of the most expensive hailstorms in North Dakota history struck the south central part of the state on June 9, 2001. The North Dakota Department of Insurance reported an estimated $220 million in property...
Royal & SunAlliance Catastrophe Center Strengthens Disaster Response Capabilities
Jun 20 2001 // With the official arrival of the 2001 hurricane season, Royal & SunAlliance is confident of its ability to respond to major disasters because of the successful track record of its Catastrophe Center, one of only a...
Terrorism from Newly Empowered Pressure Groups Poses a Threat
Jun 18 2001 // Firebombs, booby-trapped letters and packages, kidnappings, assaults and extortion—as these violent acts continue to proliferate, insurers have stepped up to offer financial protection. Handling threats from terrorist...
PROPERTY CATASTROPHE RATES UP
Jun 18 2001 // U.S. property catastrophe rates increased at January 2001 renewals for the first time since 1994, according to Paragon Reinsurance Risk Management Services, Inc. a wholly owned subsidiary of Benfield Blanch Holdings, Inc....
LOOKING OUT FOR HURRICANES
Jun 11 2001 // Five to seven hurricanes could strike the Caribbean and southeast U.S. coasts this year, the National Oceanic and Atmospheric Administration (NOAA) is predicting. This hurricane season, which officially started on June 1,...
Terrorism from Newly Empowered Pressure Groups Poses a Threat
Jun 11 2001 // Firebombs, booby-trapped letters and packages, kidnappings, assaults and extortion—as these violent acts continue to proliferate, insurers have stepped up to offer financial protection. Handling threats from terrorist...
SIIS To Hold Catastrophe Modeling Forum
Jun 4 2001 // Austin-based Southwestern Insurance Information Service will hold a public policy forum on catastrophe loss modeling on June 21 in Dallas. The luncheon forum will begin at 11:30 a.m. at the Dallas Intercontinental Hotel....
New Findings Indicate Major Earthquake Danger for Portland
May 31 2001 // Geologists in Oregon have found new evidence that the lengthy Portland Hills Fault is active and capable of generating an earthquake, the Oregonian reported yesterday. A recent discovery at Rowe Middle School in Milwaukie,...
Forecasters Predict Average Hurricane Season
May 23 2001 // Five to seven hurricanes could strike the Caribbean and southeast U.S. coasts this year, the National Oceanic and Atmospheric Administration (NOAA) is predicting. This hurricane season, which officially starts on June 1,...
AIR Releases New Latin American Earthquake Models
May 21 2001 // Boston’s Applied Insurance Research, Inc. announced the release of new models covering Latin American earthquake risks, combining new information and new technology. “The models incorporate the most recent data...
So Far, So Good
May 13 2001 // As I was saying, before I was so rudely interrupted… Last time, we draped our cover and opening prose in funeral black crepe proclaiming 2001 “The Worst Year Ever”, the property and casualty business...
ISO Estimates Insurers To Pay $705 Million in First-Quarter Cat Damage
May 7 2001 // U.S. property/casualty insurers will pay homeowners and businesses $705 million for insured property losses from three catastrophic events in the first quarter of this year, according to preliminary estimates from...
ISO Estimates Insurers To Pay $705 Million in First-Quarter Cat Damage
Apr 30 2001 // U.S. property/casualty insurers will pay homeowners and businesses in Texas $65 million for insured property losses from catastrophic events in the first quarter of this year. Only Washington and Mississippi incurred...
