Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
California Earthquake Authority Keeps “A” Ratings
Nov 7 2011 // Fitch Ratings has affirmed the “A” rating on California Earthquake Authority’s outstanding fixed-rate revenue bonds, which mature on July 1, 2016, citing the organization’s ability to cover losses...
Accident Fund Will Cover Comp Claim for Joplin Tornado Survivor
Nov 7 2011 // Michigan-based Accident Fund Insurance Co. of America says it will honor the workers’ compensation claims for a man injured during the tornado outbreak in Joplin, Mo., earlier this year. Mark Lindquist, a social...
State Farm and Sen. Blumenthal Debate Hurricane Deductible
Nov 7 2011 // U.S. Sen. Richard Blumenthal (D-Conn.) recently called on State Farm to drop its hurricane deductible for Connecticut residences whose homes were damaged by Tropical Storm Irene. But State Farm shows no sign of giving in...
Hartford Q3 Profit Falls on Natural Disasters
Nov 3 2011 // Property and life insurer Hartford Financial Services Group posted a small per-share net loss for the third quarter on Wednesday, as disaster losses rose in the wake of August’s Hurricane Irene. The Hartford, one of...
50 Homes Added to Louisiana Hurricane Repair Program
Oct 28 2011 // Fifty additional homes have been added to a federal repair program for people in St. John the Baptist Parish, Louisiana, whose houses were damaged by Hurricanes Gustav and Ike. The Times-Picayune reports the parish council...
UPDATE: Hurricane Rina Bearing Down on Yucatan Peninsula
Oct 26 2011 // The latest report from the national Hurricane Center in Miami at 10:00 A.M. CD warns that the Mexican government “has issued a hurricane warning for the northeast coast of the Yucatan Peninsula from Cancun to San...
Accident Fund Will Cover Comp Claim for Joplin Tornado Survivor
Oct 25 2011 // Michigan-based Accident Fund Insurance Company of America now says it will honor the workers’ compensation claims for a man injured during the tornado outbreak in Joplin, Mo., earlier this year. Mark Lindquist, a...
Hurricane Rina Strengthens off of Yucatan Peninsula
Oct 25 2011 // According to the most recent bulletin from the National Hurricane Center in Miami, issued at 11:00 EDT, Hurricane Rina was located about 300 miles, 480 km, east southeast of Chetumal Mexico, and about 305 miles, 490 km,...
AIR Updates Terrorism Insurance Model for U.S.
Oct 24 2011 // Catastrophe risk modeling firm AIR Worldwide (AIR) has updated its terrorism model for the United States to reflect less frequent and lower-severity attacks based on a reassessment of the threat by a team of terrorism...
FEMA, SBA Extend Deadline for Hurricane Aid in New Jersey
Oct 23 2011 // New Jersey residents and businesses battered by Hurricane Irene will now have more time to seek federal aid to help cover their losses. The Federal Emergency Management Agency and the Small Business Administration...
Fitch Affirms California Earthquake Authority’s ‘A’ Ratings
Oct 21 2011 // Fitch Ratings has affirmed the “A” rating on California Earthquake Authority’s outstanding fixed-rate revenue bonds, which mature on July 1, 2016, citing the organization’s ability to cover losses...
Louisiana’s Sen. Landrieu Announces $33.9M for Hurricane Katrina Recovery
Oct 21 2011 // U.S. Sen. Mary L. Landrieu, D-La., has announced more than $33.9 million in grants from the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) to repair New Orleans’ damaged water...
Florida Hurricane Fund Has $3.2 Billion Shortfall
Oct 20 2011 // Florida’s hurricane fund is confronting a potential $3.2 billion shortfall, financial experts said in a new estimate of the money available to the pool intended to help insurers make disaster payments. The fund was...
FEMA Warns N.Y. Residents to Avoid Scams in Wake of Tropical Storm Lee
Oct 17 2011 // New York residents are urged to be alert for potential fraud during recovery and rebuilding efforts following Tropical Storm Lee, officials with the New York State Office of Emergency Management (NYSEMO) and the Federal...
California Rep. Bill Would Lower Earthquake Insurance Costs
Oct 17 2011 // California’s U.S. Rep. John Campbell (R) recently introduced legislation similar to a bill introduced by U.S. Sen. Dianne Feinstein (D) earlier this year that would strengthen the nation’s natural disaster...
Connecticut Regulators to Revise Hurricane Deductible Rules
Oct 14 2011 // Connecticut insurance regulators are working on revising hurricane deductible rules in the wake of tropical storm Irene. The insurance department spokesperson told Insurance Journal that the new rules under consideration...
AIR Estimates Insured Losses from Hurricane Jova at Less than $52 Million
Oct 14 2011 // Catastrophe modeling firm AIR Worldwide, estimates that insured losses caused by Hurricane Jova from flood-induced damage, as well as from some isolated wind damage along Mexico’s southern coastal areas, will be...
New Billing, Commission System at Texas Windstorm Pool Starts Jan. 1
Oct 13 2011 // The Texas Windstorm Insurance Association (TWIA) will be implementing a new billing and commission system beginning Jan. 1, 2012. In a bulletin to insurance agents, TWIA said under the new system it will assume the...
Sen. Blumenthal Asks State Farm to Drop Hurricane Deductible for Irene
Oct 13 2011 // U.S. Senator Richard Blumenthal (D-Conn.) called on State Farm Insurance to drop its hurricane deductible for Connecticut residences whose homes were damaged by Tropical Storm Irene. Blumenthal was joined at his Hartford...
UPDATE: Hurricane Jova Hits Mexican Port; Kills Four; Mudslides in Central America
Oct 13 2011 // Hurricane Jova flooded the streets of Mexico’s main Pacific port with torrential rain Wednesday, inundating popular beach resorts and killing at least four people in mudslides. While Jova ravaged the coast, a...
