Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
Agreement Reached: Nationwide to Audit Last Year’s Florida Hurricane Claims, Correct Underpayments
Oct 12 2005 // Nationwide Insurance has reached an agreement with the Florida Office of Insurance Regulation to audit its claims from the 2004 hurricane season and correct any underpayments. OIR announced that under the agreement...
Three Mississippians Charged for Making False Hurricane Katrina Claims
Oct 11 2005 // Three Mississippi residents have been accused of making false claims to the Federal Emergency Management Agency for Hurricane Katrina relief funds. Dunn Lampton, U.S. Attorney for the southern district of Mississippi, told...
Meadowbrook Expects No Big Hits from Hurricane Rita
Oct 11 2005 // Meadowbrook Insurance Group, Inc. today reported that the company does not expect its net losses related to Hurricane Rita to be material. Meadowbrook’s insurance programs are generally structured to avoid geographic...
Goshawk Ups Hurricane Loss Estimates; Plans to Raise Capital
Oct 10 2005 // The U.K.’s Goshawk Insurance Holdings plc announced that it has increased its gross hurricane loss estimates from by 30 percent – from $99 million to $130 million. For Katrina Goshawk’s estimate is now up...
Tillinghast: Hurricane Katrina Will Cost Record-Setting $40-$55B for Privately Insured Losses
Oct 6 2005 // Hurricane Katrina is expected to result in $40 to $55 billion in private insurance payments, according to a new white paper developed by the Tillinghast and Reinsurance businesses of Towers Perrin. Hurricane Katrina:...
Symposium on the Future of Terrorism Risk Insurance Kicks Off, Oct. 7
Oct 5 2005 // In the wake of Hurricanes Katrina and Rita, leaders from the public and private sectors from throughout the nation will take part in the National Symposium on Terrorism Risk Insurance in the Cannon House Office Building on...
Fla. Residents Keep an Eye on Tropical Storm Tammy
Oct 5 2005 // With more than a month left in the hurricane season, folks in Florida shouldn’t be surprised that someone is once again knocking on their door. Tropical Storm Tammy gained formation Wednesday off Florida’s east...
More than 70 Dead as Hurricane Stan Bashes Mexico, Surrounding Areas
Oct 5 2005 // Parts of Mexico and surrounding regions witnessed major destruction from Hurricane Stan earlier this week, with more than 70 people reported dead in Central America. Formerly a Category 1 storm, the storm was reportedly...
Record First-Half, Surplus Boost P/C Insurers’ Ability to Pay Hurricane Losses
Oct 5 2005 // The U.S. property/casualty insurance industry’s net income after taxes rose 29.1 percent to a record $30.9 billion in first-half 2005 from $23.9 billion in first-half 2004. Reflecting the industry’s income, its...
Hurricane Katrina Will Not Disrupt Market, Insurers Say
Oct 5 2005 // While property/casualty industry expects insured losses from Hurricane Katrina to reach a record high of $34.4 billion, the Property Casualty Insurers Association of America says insurers will weather the storm of more...
Agriculture Losses in La. from Hurricane Rita to Top $472 Million
Oct 4 2005 // The Louisiana Department of Agriculture and Forestry reported that with preliminary estimates in, it appears agriculture and forestry will take at least a $472 million hit from Hurricane Rita. Coupled with the growing...
Zurich Estimates Hurricane Katrina Losses at $600 Million, After Tax
Oct 4 2005 // Zurich Financial Services Group (Zurich) announced that it expects aggregate claims payments related to Hurricane Katrina of approximately $600 million after tax. This figure is net of reinsurance recoverables. It includes...
South Carolina Tweaking Hurricane Preparedness Plans
Oct 3 2005 // Emergency workers along the South Carolina coast are tweaking hurricane preparedness plans in the wake of Gulf Coast storms Katrina and Rita. According to the Columbia State, officials are looking into whether there are...
AIIA LAUNCHES HURRICANE KATRINA ‘BLOG’
Oct 3 2005 // Alabama Independent Insurance Agents have launched a Hurricane Katrina “blog” where information commentary or thoughts about the hurricane can be posted. AIIA created the blog to present all information the...
Hurricane Katrina: The Legal Saga Begins
Oct 3 2005 // The New Orleans tragedy may spawn a wave of litigation related to flood protection and levee failures. Public statements, which may serve as a foundation for massive public safety legal claims, began Sept. 1. Based on the...
Stand-Alone Terrorism
Oct 3 2005 // Nuts & Bolts: Insurance Company of the West announced it will offer admitted stand-alone property terrorism coverage for most states. Additional states, including New York, New Jersey, Vermont, Connecticut, Dela-ware,...
After the Wreckage, Hurricane Katrina Spawns Lawsuits
Oct 3 2005 // Shortly after Hurricane Katrina devastated parts of Louisiana, Mississippi and Alabama, the U.S. Chamber Institute for Legal Reform issued a statement warning that the financial wreckage caused by Hurricane Katrina could...
Hurricane Rita Losses Not as High as Previous Storms
Oct 3 2005 // But destruction will add to totals from Dennis, Katrina and Ophelia. While indications are that damages from Hurricane Rita won’t come close to equaling those of its immediate predecessor, Hurricane Katrina, that...
After the Wreckage, Hurricane Katrina Spawns Lawsuits
Oct 3 2005 // Shortly after Hurricane Katrina devastated parts of Louisiana, Mississippi and Alabama, the U.S. Chamber Institute for Legal Reform issued a statement warning that the financial wreckage caused by Hurricane Katrina could...
Hurricane Rita Losses Not as High as Previous Storms
Oct 3 2005 // But destruction will add to totals from Dennis, Katrina and Ophelia. While indications are that damages from Hurricane Rita won’t come close to equaling those of its immediate predecessor, Hurricane Katrina, that...
