Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
Fewer Hurricanes Allow St. Paul Travelers 3rd Quarter Profit to Soar
Oct 27 2006 // Minneapolis-based St. Paul Travelers Cos. Inc. reported a six-fold increase in earnings and raised its guidance for the full year after clearing the third quarter without significant hurricane losses. Insurers struggled...
Palm Springs Homes Evacuated as Wildfire Sweeps Through Dry Brush
Oct 27 2006 // A wildfire swept through dry brush near Palm Springs, Calif., early Thursday, threatening homes and businesses and forcing evacuations. The blaze had burned more than 800 acre (320 hectares) within its first six hours, and...
Hawaii Insurance Commissioner Issues Notice of Earthquake Coverage
Oct 27 2006 // The Hawaii Department of Commerce and Consumer Affairs Insurance Division has issued a notice to residents that some relief for earthquake related losses may be available under homeowners’ policies. “As you...
AIR Sees Possible $50 Billion European Windstorm Insured Losses
Oct 26 2006 // Boston-based consultant and catastrophe risk modeler AIR Worldwide Corporation has released a new analysis of European extratropical cyclones, which confirms that Europe could experience a winter storm resulting in insured...
Hurricane risk reduces prospective profit of homeowners insurance
Oct 23 2006 // Increases in homeowners insurance rates have not been sufficient thus far to provide an adequate return on equity on homeowners insurance, making further increases necessary, according to an analysis by Aon Re. With...
Fla. Honors Retiring Hurricane Forecaster Mayfield
Oct 20 2006 // Governor Jeb Bush and members of the Florida Cabinet passed a resolution this week honoring Max Mayfield’s career in public service. As director of National Oceanic and Atmospheric Administration’s (NOAA)...
Oregon Hosts Wildfire Summit Workshops in November
Oct 20 2006 // The Oregon Department of Forestry and Office of the STate Fire Marshall, in partnership with Allstate Insurance Co., is offering workshops for insurance producers on wildfires. Sessions will be held from 8:15 a.m. to 3:15...
Allstate Swings to $1.16 Billion Gain in 3rd Quarter with Fewer Hurricanes
Oct 19 2006 // Northbrook, Ill.-based Allstate Corp., the second-largest U.S. personal-lines insurer behind State Farm, reported a $1.16 billion third-quarter profit Wednesday as it benefited from a quiet hurricane season. The company...
Hurricane Center Identifies 10 Most Hurricane Vulnerable Areas
Oct 18 2006 // The entire East and Gulf Coasts are subject to hurricane impacts, but some areas are much more vulnerable than others. Dr. Stephen P. Leatherman, director of the International Hurricane Research Center at Florida...
Calif. State Fund to Hold Emergency and Disaster Preparedness Seminar
Oct 18 2006 // California’s State Compensation Insurance Fund is partnering with the California Department of Health Services to offer a free seminar to policyholders and the public on October 19 in Monterey Park, Calif., that will...
Inspectors Check for Damage after Hawaii’s 6.6 Magnitude Earthquake
Oct 17 2006 // Officials began inspecting bridges and roads across Hawaii yesterday, following the strongest earthquake to rattle the islands in more than two decades, a 6.6-magnitude quake that caused blackouts and landslides but no...
Maritime Terrorism Risk Extends to Cruise Ships, Ferry Boats, Study Says
Oct 16 2006 // Cruise ships and ferry boats need more protection against terrorist attacks that could kill and injure many passengers and cause serious financial losses, according to a new RAND Corporation report. “Attacks on...
Hawaii Feels 6.6 Level Earthquake
Oct 16 2006 // The island of Hawaii, Hawaii, felt temblors from a 6.7 magnitude earthquake on Sunday, according to the National Earthquake Center of the U.S. Geological Survey. According to reports shortly after the quake, there were...
Fla. Gubernatorial Candidates Offer Hurricane Fund Proposals
Oct 12 2006 // If he is elected governor, Florida homeowners would see lower property insurance rates as soon as next year and a guarantee of at least partial coverage by the state, Democratic gubernatorial nominee Jim Davis said this...
Hurricane Risk Reduces Prospective Profit of Homeowners Insurance
Oct 11 2006 // Increases in homeowners insurance rates have not been sufficient thus far to provide an adequate return on equity on homeowners insurance, making further increases necessary, according to an analysis by Aon Re, the...
Insurance damage price tag on New Mexico hailstorm tops $10 million
Oct 9 2006 // More than 2,200 auto claims and approximately 950 homeowner claims have been filed due to a hailstorm in southern New Mexico, an insurance industry association said. Pea to golf ball sized-hailstones battered Las Cruces,...
Hawaii to teach homeowners about hurricane retrofits
Oct 9 2006 // Hawaii’s Department of Commerce and Consumer Affairs’ Insurance Division has created a new Web site: www.hurricaneretrofits.hawaii.gov, which details the State’s Loss Mitigation Grant Program for Hawaii...
Finding a solution to natural disaster insurance
Oct 9 2006 // In 2005, our country faced several devastating and record-setting natural disasters that left the lives of many Americans in ruins, and roiled the insurance marketplace and the nation’s overall economy. Estimates for...
Terrorism insurance market hits federal radar
Oct 9 2006 // Two new federal reports have found that the long-term development of the private terrorism insurance market remains at best uncertain due to the unpredictable nature of terrorist attacks. Both reports acknowledged that a...
Finding a solution to natural disaster insurance
Oct 9 2006 // In 2005, our country faced several devastating and record-setting natural disasters that left the lives of many Americans in ruins, and roiled the insurance marketplace and the nation’s overall economy. Estimates for...
