Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
Fitch Reports Hurricane Dennis Could Have Implications for Fla. Market
Jul 12 2005 // Chicago-based Fitch Ratings states that Hurricane Dennis is expected to represent a material loss to the insurance industry. Dennis came ashore on Sunday, July 10, at 3:25 p.m., on Santa Rosa Island, Fla., as a Category 3...
Fla. CAT Fund Has $3B Available for Hurricane Claims
Jul 12 2005 // Almost $3 billion is available to pay for claims from Hurricane Dennis and any other storms that may hit the state according to Mike McCauley, a spokesman for the Florida Hurricane Catastrophe Fund. Risk assessment groups...
Mercury Group Teams Mobilize to Help Victims of Hurricane Dennis
Jul 11 2005 // Mercury Insurance Group emergency response teams have mobilized to support its policyholders with claims resulting from Hurricane Dennis. The response teams are now in place and prepared to immediately deploy to impacted...
Hurricane Dennis’ Insured Losses Estimated to Reach $2.5 Billion
Jul 10 2005 // AIR Worldwide estimates insured losses in the United States from Hurricane Dennis will be between $1 billion to $2.5 billion. Although Dennis made landfall in the same region as Hurricane Ivan in 2004, insured losses from...
Florida Select Activates Toll-Free Hurricane Line
Jul 10 2005 // Sarasota, Fla.-based Florida Select Insurance Company has activated a toll free line 1-888-700-0101–to give its customers immediate information about Hurricane Dennis and how to file claims. Florida Select, a...
NAIC Emphasizes Need for Federal Terrorism Backstop
Jul 8 2005 // National Association of Insurance Commissioners (NAIC) warns that significant market disruptions could develop with the Federal Terrorism Risk Insurance Act’s (TRIA) expiration on Dec. 31, 2005, the law’s...
Category 4 Hurricane Dennis; Batters Cuba, Eyes Fla.
Jul 8 2005 // Hurricane Dennis has become a powerful storm of Ivan like proportions. As it churned through the warm waters of the Caribbean, Dennis picked up strength and size. The latest report from Miami’s National Hurricane...
Ala. Preps for Hurricane Dennis
Jul 8 2005 // As the Alabama Independent Insurance Agents (AIIA) noted, it looks like Alabama is not going to catch any breaks this year when it comes to hurricanes. AIIA wants to help its members and their customers prepare for the...
He’s Now Tropical Storm Dennis; Heavy Rains, Tornadoes Main Concern Inland
Jul 8 2005 // Hurricane Dennis slammed into the northern coastline of the Gulf of Mexico between Pensacola Beach and Navarre Beach, Fla. on Sunday afternoon shortly after 3 p.m. (EDT) packing top sustained winds of 120 mph. The storm...
La. Gov. Declares State of Emergency in Advance of Hurricane Dennis
Jul 8 2005 // Louisiana Governor Kathleen Babineaux Blanco issued Proclamation No. 38 KBB 2005, declaring a state of emergency for the state of Louisiana as Hurricane Dennis prepares to enter the Gulf of Mexico. Forecasters say the...
Dennis Is First Hurricane of the Season; On Course Towards Jamaica
Jul 7 2005 // As expected, tropical storm Dennis became Hurricane Dennis yesterday, July 6, when wind speeds exceeded 72 mph (115 km/hr). The storm is currently a category 1 hurricane packing maximum sustained winds near 85 mph (140...
N.Y. Congressional Delegation Urges Renewal of Terrorism Insurance
Jul 7 2005 // Twnety-one bipartisan members of Congress from New York have signed a letter urging quick action on renewal of the Terrorism Risk Insurance Act, which the Bush Administration has opposed in its current form. A day after...
Blair Reacts to London Bombings; Says Countries United to Fight Terrorism
Jul 7 2005 // British Prime Minister Tony Blair spoke about this morning’s explosions on buses and tubes in the capital. Speaking from the G8 summit in Gleneagles, he said his thoughts were with the victims and families of those...
Florida Keys Evacuate as Hurricane Dennis Eyes State
Jul 7 2005 // Evacuations began early Thursday in the Florida Keys as the year’s first hurricane, Dennis, eyed the Sunshine State as it moved through the Caribbean. Forecasters report it could hit Florida as soon as this...
Dennis Becoming Hurricane Menace
Jul 6 2005 // Tropical storm Dennis, the fourth named storm of the season, is currently in the process of consolidation. The latest bulletin from the National Hurricane Center in Miami puts the center of the storm about 310 miles (500...
Tropical Storm Cindy Heads for Northern Gulf Coast
Jul 5 2005 // The National Hurricane Center in Miami issued a tropical storm warning for the northern coast of the Gulf of Mexico from Intracoastal City, La., to Pascagoula, Miss., including the city of New Orleans and Lake...
FAIA Speaker Warns: Make Hurricane Policy Changes Before That One-in-10,000 Hurricane Hits
Jul 1 2005 // It’s essential to prepare now in case that one-in-10,000 major hurricane hits the Southern United States, Roger Looyenga, CEO of Auto-Owners Insurance told conventioneers attending the Florida Association of...
Record-Breaking 2004 Hurricane Season to Change Cat Modeling
Jul 1 2005 // The 2004 hurricane season has led to a much greater focus on aggregate risk and this will prompt changes in catastrophe risk assessment, attendees at the Casualty Actuarial Society (CAS) Spring meeting heard. Randall...
Treasury Report Opposes Renewal of Terrorism Risk Insurance Act
Jun 30 2005 // The Treasury Department on June 30 released a long-awaited report on the Terrorism Risk Insurance Act of 2002 that concludes the act should not be renewed by Congress in its current form. The report finds that TRIA has...
Treasury Report on Terrorism Insurance: Exec Summary
Jun 30 2005 // The following is the Introduction and the Executive Summary of the June 30, 2005 report from the Treasury Department on the Terrorism Risk Insurance Act of 2002 including its assessment of the act and recommendations for...
