Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
Lawyer: Whistleblower helping build case against insurer in Hurricane Katrina lawsuit
Apr 3 2006 // A high-profile litigator in Moss Point, Miss. said that a whistleblower is helping him build a case against insurers who denied thousands of claims from policyholders whose homes were destroyed in Hurricane...
Texas insurers see profits despite Hurricane Rita
Apr 3 2006 // Texas home insurers turned substantial profits last year despite Hurricane Rita’s destruction, prompting state regulators to question whether some companies’ rates are too high, the Associated Press...
Editor’s Note: Hurricane Fatigue
Apr 3 2006 // While homeowners and businesses can physically pickup the pieces following a natural disaster, mending the hearts and minds of those in the field is not so easy. Four industry CEOs recently described the emotional impact...
Risk Management Solutions predicts hurricane activity to increase losses by 40 percent
Apr 3 2006 // Risk Management Solutions, Newark, Calif., expects increases in hurricane landfall frequencies will increase modeled annualized insurance losses by 40 percent on average across the Gulf Coast, Florida and the Southeast,...
PIA Texas Expresses Support for Windstorm Bonds
Mar 31 2006 // The Texas Insurance Professionals (PIA Texas) association reported that it has addressed a letter to Texas Gov. Rick Perry in support of the proposal that the state authorize the sale of $800 million in bonds in order to...
Actuaries Estimate Cost of Terrorist Attacks on Cities; N.Y. at $778 Billion; D.C. at $196.8 Billion
Mar 31 2006 // The American Academy of Actuaries disclosed that a future large terrorist attack in New York City could result in $778 billion in insured losses. Speaking at the National Association of Insurance Commissioners public...
Liberty Mutual CEO Advocates Long-Term Terrorism Insurance Plan
Mar 31 2006 // Declaring the Terrorism Risk Insurance Act (TRIA) “an essential policyholder protection,” Edmund F. (Ted) Kelly, Liberty Mutual Group chairman, president and CEO, this week urged the National Association of...
Okla. Agent Allegedly Fails to Remit Tornado Victims’ Premiums
Mar 31 2006 // The Oklahoma Insurance Department suspended a Locust Grove, Okla., insurance agent’s license for failing to send in premium payments for several victims of this month’s tornado in Delaware County, the...
Texas Joint Committee on Windstorm Coverage Selected
Mar 30 2006 // Texas Lieutenant Governor David Dewhurst and Speaker Tom Craddick recently released the names of Senate and House of Representatives appointees to the Joint Select Committee on Windstorm Coverage. The Joint Select...
Agents Call for Long-Term Terrorism Insurance Solution
Mar 29 2006 // The nation’s largest insurance association called today for the creation of an effective, long-term mechanism to manage the unique risk posed by terrorist attacks. Independent insurance agent Sharon Emek, Ph.D., CIC,...
Lloyd’s Pleased with Firms 2005 Results Despite Hurricanes
Mar 29 2006 // Ewan Gilmour, Chief Executive of the U.K.’s Chaucer insurance group and Lloyd’s Deputy Chairman, issued a statement praising the market’s underwriters for delivering a series of good results, following...
New Officers Elected for Texas Windstorm Association, FAIR Plan
Mar 29 2006 // The Texas Windstorm Insurance Association and Texas FAIR Plan Association have elected new officers for 2006. Elected were: chairman, James Elbert, owner of Elbert Insurance Agency in Lake Jackson, Texas; vice chairman,...
Federal Judge Rejects Allstate Request to Dismiss Miss. Hurricane Lawsuit
Mar 27 2006 // A federal judge in Gulfport, Miss. has refused to throw out a lawsuit that a couple filed against Allstate Insurance Co. after the insurer refused to cover damage to their home from Hurricane Katrina. The lawsuit, filed by...
Florida Website to Help Homeowners Prepare for Hurricane Season
Mar 27 2006 // Tips about how to prepare for hurricanes and tropical storms and lessen the impact of a major storm have been posted on the Florida Department of Financial Services website. According to DFS, Floridians may be entitled to...
Most Texas Insurers Profited Despite Hurricane Rita
Mar 24 2006 // Texas home insurers turned substantial profits last year despite Hurricane Rita’s destruction, prompting state regulators to question whether some companies’ rates are too high, the Associated Press...
N.D. Commissioner Says Hailstorm Claims Top $105 Million
Mar 23 2006 // Claims from a July 21 hailstorm in south central and southwestern North Dakota total more than $105 million, Insurance Commissioner Jim Poolman says. “Year-end totals show that we were nearly $106 million in claims...
Risk Management Solutions Predicts Hurricane Activity to Increase Losses by 40 Percent in Florida and Gulf Coast
Mar 23 2006 // Risk Management Solutions, Newark, Calif., expects increases in hurricane landfall frequencies will increase modeled annualized insurance losses by 40 percent on average across the Gulf Coast, Florida and the Southeast,...
Fla. Lawmaker Pushes Hurricane Insurance Surcharges for Vacation Homes
Mar 22 2006 // Owners of vacation and second homes would be slapped with a 25 percent surcharge on policies obtained from the state’s insurer of last resort under a proposal unveiled by a Senate committee chairman. That’s one...
Texas Governor Issues Order on Hurricane Evacuation Procedures
Mar 22 2006 // Texas Gov. Rick Perry issued an executive order that implements most of the recommendations of the Task Force on Evacuation Transportation and Logistics. “Our goal is to learn from the lessons that Hurricane Rita...
Volunteer Helping in Hurricane-Damaged Home Finds $30K
Mar 22 2006 // A college student was spending her spring break cleaning out hurricane-damaged homes in New Orleans when she discovered some unusual papers among the moldy plasterboard and debris, the Associated Press reported. “I...
