Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
Top 10 tornado cities
Feb 11 2007 // The violent thunderstorms in Central Florida in early February, spawned powerful tornadoes that killed at least 20 people is a deadly reminder of the constant threat insurers face against tornado exposures. Tornado-related...
P/C industry may be long overdue for massive losses from an extreme “great” earthquake
Feb 11 2007 // The U.S. property/casualty insurance industry is long overdue for heavy losses from a massive earthquake, reports A.M. Best in its recent “2006 Annual Earthquake Study.” It is likely that if an earthquake of...
S&P Puts Eurus Notes on CreditWatch/Negative after Windstorm
Feb 9 2007 // Standard & Poor’s Ratings Services has placed a CreditWatch with negative implications on its “BB” rating on the $150 million principal at-risk variable-rate notes issued by Eurus Ltd. “The...
Agents Welcome Windstorm Debate; Insurers Warn Against Subsidies
Feb 9 2007 // The Independent Insurance Agents & Brokers of America (the Big “I”) says the debate over windstorm coverage is crucial for consumers and independent agents and brokers in many regions throughout the...
Kent Wholesale Offers DIC Earthquake and Flood Coverage
Feb 9 2007 // Kent Wholesale Insurance Brokers headquartered in Portland, Ore., is providing DIC including earthquake and flood coverage on admitted paper for Oregon and Washington risks. The product is rated in-house, and indications...
Fla.: Citizens Tornado Claims Payments Top $500,000
Feb 8 2007 // Citizens Property Insurance Corp. paid out more than $520,000 in claims payments to policyholders affected by the Feb. 2 storms according to a company official. “We’ve paid $521,951 in damage claims and have...
La. Officials Urge Federal Role in Hurricane Insurance
Feb 8 2007 // Louisiana state senators say they will ask Congress to have the federal government insure homes against hurricane damage, as it does for floods. “Y’all won’t sell it, so why not get the federal government...
Fla. Commissioner Prohibits Cancellation of Tornado Victims’ Policies
Feb 7 2007 // Florida Insurance Commissioner Kevin McCarty issued an emergency order prohibiting insurance companies from canceling personal lines insurance policies for residents affected by last week’s tornadoes in central...
U.S. Wants $309M in Katrina Hurricane Aid Returned
Feb 7 2007 // In the New Orleans neighborhood President George W. Bush visited after Hurricane Katrina, the U.S. government gave $84.5 million to more than 10,000 households. But official figures show fewer than 8,000 homes existed...
Lexington Increases Terrorism Capacity to $250 Million
Feb 6 2007 // Lexington Insurance Company, a member company of American International Group, Inc. (AIG), has increased its capacity of commercial domestic property terrorism insurance to $250 million from $100 million. “Lexington...
D.C. Man Sentenced for FEMA Hurricane Relief Fraud Scheme
Feb 6 2007 // Jeffrey Alan Rothschild, 59, also known as Jeffrey Zahler, has been sentenced to 102 months in prison in connection with a scheme to defraud the Federal Emergency Management Agency (FEMA) of more than $100,000 in relief...
City Disaster Teams Share Lessons from Terrorist Attacks
Feb 5 2007 // Government and American Red Cross disaster experts from New York, London and Madrid — three cities hit by terrorist attacks in recent years — met last week in New York for a two-day conference to share experiences and...
Small Earthquake Shakes Western Kentucky
Feb 5 2007 // A small earthquake along the New Madrid Fault shook two towns in far western Kentucky, but no injuries or damages were reported. The magnitude 2.9 quake, centered 3 miles northwest of Bardwell, was recorded at 5:47 p.m....
Central Florida Clean Up Continues in Wake of Deadly, Costly Tornados
Feb 5 2007 // Officials in central Florida resumed search and rescue operations amid more thunderstorms Saturday, a day after powerful tornados killed at least 20 people and left a swath of central Florida in shambles. Violent...
Carvill Issues 2006 Hurricane Report
Jan 31 2007 // ReAdvisory, the analytical arm of specialty reinsurance intermediary Carvill, has released a white paper titled: “2006 Atlantic Hurricane Season in Review,” which examines recent weather patterns in the...
BRACING FOR THE “BIG ONE:” EARTHQUAKES JUST AS RISKY”
Jan 29 2007 // Although hurricanes have received wide attention in the media, earthquake exposure also should be a significant concern. Forecasts of potential damages indicate that earthquake destruction could be just as massive as that...
Windstorm expected to be major insurance issue for Texas lawmakers
Jan 29 2007 // Funding for the Texas Windstorm Insurance Asso-ciation (TWIA) may not be the only insurance issue on lawmakers’ plates during the 2007 session of the Texas Legislature, but it will likely be the most high profile...
Eqecat Analysis Predicts Risk for Insured Losses from U.S. Hurricanes Higher
Jan 29 2007 // Oakland, Calif.-based Eqecat Inc. is predicting that in the next decade, the risk for insured losses from hurricanes in the United States will be higher than the long-term average derived from 100 years of data, according...
CALIF. HOSPITALS MAY NOT MEET EARTHQUAKE SAFETY STANDARDS
Jan 29 2007 // Nearly half of California hospital buildings in danger of collapsing during a major earthquake will not meet a state deadline for safety improvements, according to a new study. Standards passed after the deadly 1994...
Windstorm expected to be major insurance issue for Texas lawmakers
Jan 28 2007 // Funding for the Texas Windstorm Insurance Asso-ciation (TWIA) may not be the only insurance issue on lawmakers’ plates during the 2007 session of the Texas Legislature, but it will likely be the most high profile...
