Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
Stealth Tornado Rips Through Indiana
Nov 21 2005 // Twenty-two people died and about 230 were injured when a tornado touched down in southern Indiana and Kentucky during the early-morning hours of Nov. 6. Initial estimates by local insurance adjusters put property damage as...
House Committee Proposes Two-Year Terrorism Insurance Extension
Nov 21 2005 // The House Financial Service Committee has come up with a proposal to renew the federal terrorism insurance act for two years that some industry groups see as “workable” and “positive.” The bill,...
OFFICIALS WAITING TO RECEIVE FEDERAL HURRICANE ACCOUNTING
Nov 21 2005 // Mississippi is still waiting to hear from the federal government what its share of the Hurricane Katrina recovery efforts will cost according to Buddy Bynum, a spokesman for Gov. Haley Barbour. States are required to pick...
Three Residents Charged With Making False Hurricane Katrina Claims
Nov 21 2005 // Three Mississippi residents have been accused of making false claims to the Federal Emergency Management Agency for Hur-ricane Katrina relief funds. Dunn Lampton, U.S. Attorney for the southern district of Mississippi,...
Hurricanes Katrina and Rita: Exposing Settled (?) Insurance Coverage Issues
Nov 21 2005 // After any natural disaster, people who suffered property damage eventually look for sources of money to repair their damage and/or replace their loss with insurance being the first source for those with policies. In this...
Hurricane Rita Claims Expected to Hit $4.7 Billion
Nov 21 2005 // Majority of losses sustained in Louisiana, Texas. The Insurances Services Office expects property and casualty losses from Hurricane Rita to hit $4.7 billion, with the majority of losses occurring in Texas and Louisiana....
Stealth Tornado Rips Through Indiana
Nov 20 2005 // Twenty-two people died and about 230 were injured when a tornado touched down in southern Indiana and Kentucky during the early-morning hours of Nov. 6. Initial estimates by local insurance adjusters put property damage as...
Iowa Tornadoes Leave 1 Dead, 70 Homes Damaged
Nov 20 2005 // Nearly one week after tornadoes left more than 20 dead in Indiana, tornadoes on Nov. 12 killed at least one woman and destroyed 70 homes in Iowa. At least three twisters hit two counties in the towns of Stratford and...
Hurricanes Katrina and Rita: Exposing Settled (?) Insurance Coverage Issues
Nov 20 2005 // After any natural disaster, people who suffered property damage eventually look for sources of money to repair their damage and/or replace their loss with insurance being the first source for those with policies. In this...
House Committee Proposes Two-Year Terrorism Insurance Extension
Nov 20 2005 // The House Financial Service Committee has come up with proposal to renew the federal terrorism insurance act for two years that some industry groups see as “workable” and “positive.” The bill,...
Senate Passes Terrorism Insurance Extension
Nov 18 2005 // Moving just days after committees in the House and Senate advanced terrorism insurance bills, the full U.S. Senate today passed its version of the Terrorism Risk Insurance Extension Act of 2005 (S. 467). By a voice vote,...
Hurricanes Rita, Katrina Impact Progressive’s October Results
Nov 17 2005 // The Progressive Corporation today reported its financial results for October 2005. Net premiums written were $1.328.1 million, a 4 percent increase from $1,279.8 million in October 2004. Net premiums earned were $1,340...
Gulf Coast Firm Unveils Law Weblog for Hurricane-Affected Areas
Nov 16 2005 // McGlinchey Stafford PLLC, a law firm based in the Gulf Coast region, has launched a comprehensive resource for companies with business interests in hurricane-affected areas. The blog, found at www.hurricanelawblog.com,...
Senate, House Panels Both Advance Terrorism Insurance Bills
Nov 16 2005 // The Senate Banking Committee and House Financial Services Committee each marked up legislation Wednesday to extend the Terrorism Risk Insurance Act (TRIA) for two years. The Senate Banking Committee reported out S. 467 by...
CORRECTION: Brit Estimates Wilma Claims at $65 Million; Total Hurricane Losses at $316.5 Million
Nov 16 2005 // The original article contained a significant mathematical error. U.K.-based international insurer and reinsurer, Brit Insurance Holdings PLC, announced that claims arising from Hurricane Wilma, net of reinsurance...
FEMA Pushing Dec. 1 Motel Check-Out for 53,000 Hurricane Families
Nov 16 2005 // The Department of Homeland Security’s Federal Emergency Management Agency (FEMA) is moving to end its subsidies for hotel and motel rooms for 53,000 families displaced by Hurricanes Katrina and Rita. On Dec. 1, 2005...
As House Prepares Terrorism Insurance Bill Today, Coalition Offers Support and Senate Readies Its Own
Nov 16 2005 // Business insurance consumers represented by the multi-industry Coalition to Insure Against Terrorism have expressed their support for federal terrorism insurance legislation that will be marked up by the House Committee on...
Several States Hit as Tornadoes Tear Up Midwest, Southeast
Nov 16 2005 // Tornadoes barreled across the Midwest and portions of the Southeast on Tuesday, knocking out electricity and damaging buildings in several states. The storms killed at least one person. Meteorologists told The Associated...
Major N.Y. Hurricane Would Cost $100 Billion, Warns Cat Model Firm AIR
Nov 16 2005 // A major hurricane making landfall in the New York City metropolitan area would result in approximately $50 billion of insured losses with total economic losses exceeding $100 billion, according to an expert testifying...
Big ‘I’ Throws Backing Behind House Terrorism Insurance Bill
Nov 15 2005 // The Independent Insurance Agents & Brokers of America (the Big “I”) said it strongly supports H.R. 4314, the Terrorism Risk Insurance Revision Act, introduced late Monday by Subcommittee Chairman Richard...
