Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
Zurich Estimates Tsunami, Hurricane Losses at $185M
Feb 7 2005 // Zurich Financial Services Group (Zurich) expects claims related to the tsunami that struck South Asia on Dec. 26, 2004 to cost approximately $65 million after tax and net of reinsurance. The aggregate amount of expected...
In the Wake of the Tsunami ….
Feb 7 2005 // The Southeast Asia earthquake and tsunami disaster occurred while many of us where at home enjoying the holidays with our families. At Insurance Journal, the catastrophic event took place in between the deadlines for our...
Industry Responds to Relief Efforts for Southeast Asia Tsunami Victims
Feb 7 2005 // The Southeast Asia tsunami disaster has affected the lives and hearts of people throughout the world. What can only be described as one the worst natural disasters in history has led to an estimated death toll of 226,000,...
N.C. Gov. Easley Suggest Using ‘Rainy Day Fund’ for Hurricane Relief
Feb 3 2005 // With damage estimates after last year’s hurricanes approaching $300 million, North Carolina Gov. Mike Easley has asked legislators to approve spending $61 million from the state’s rainy day fund to assist...
Hurricane Center Director: Predictions Imprecise, But Keep Getting Better
Feb 3 2005 // Predicting the weather in general and hurricanes in particular can be a very imprecise science, Max Mayfield, director of the Tropical Prediction Center/National Hurricane Center in Miami told more than 500 Windstorm...
S&P: Without Terrorism Coverage, Big Changes Loom
Feb 3 2005 // Congress has yet to renew the government program that reinsures losses in the insurance industry from foreign terrorist attacks, and the possibility that this program might expire at the end of 2005 is already prompting...
Windstorm Panelists Doubt Hurricane Claim Settlement Statistics
Feb 2 2005 // Panelists and even the audience dispute Florida Insurance Council and Florida Office of Insurance Regulation statistics indicating that a large percentage of claims from the four hurricanes that hit Florida in 2004 have...
Tsunami Losses Less Than $4B Reports RMS
Jan 31 2005 // Risk Management Solutions (RMS) has announced estimates that insured losses from the 2004 Southeast Asia earthquake and tsunami will be less than $4 billion, based on the information available within the first three weeks...
March 1 Deadline for Fla. Hurricane Victims to Submit Multiple Deductible Claims
Jan 27 2005 // Homeowners eligible to receive compensation for multiple hurricane deductibles have been called on by Florida’s Chief Financial Officer Tom Gallagher to act now and file their applications for relief so they are...
Florida Hurricane Fund Announces Goodwill $1 Million In-Kind Donation
Jan 27 2005 // Florida Hurricane Relief Fund managers have announced a $1 million in-kind donation from Goodwill Industries of Florida to provide hurricane survivors with clothing and household items as recovery continues. The fund was...
Feb. 1-4 Windstorm Conference Agenda: Hurricane Lessons, Preparing for Summer
Jan 27 2005 // The four major hurricanes that severely impacted Florida and other states and preparing for the 2005 hurricane season will be discussed by Max Mayfield, director of the National Hurricane Center, during the Feb. 1 to 4...
PartnerRe Believes Claims from European Windstorm Erwin to be Between $50-$60 Million
Jan 26 2005 // Bermuda-based PartnerRe Ltd. announced that claims relating to its exposure to Windstorm Erwin, which hit Northern Europe in early January, are expected to be between $50-$60 million. Windstorm Erwin battered Northern...
280,000 Latest Tsunami Death Toll
Jan 25 2005 // A month after the devastating tsunamis struck Southeast Asia the death toll continues to rise. The latest figures from Indonesia’s Health Minister Fadilah Supari, as reported by the BBC, now estimate that at least...
TDI to Hold Hearing on Proposed Increases to Texas Windstorm Liability Limits
Jan 25 2005 // On Jan. 26, 2005, the Texas Department of Insurance will hold a public hearing on proposed additional increases to the limits of liability for certain Texas Windstorm Insurance Association windstorm and hail insurance...
Can it Happen Here’ Tsunamis a Possible Threat to West Coast
Jan 24 2005 // Southeast Asia’s devastating tsunami has left many wondering if the threat could hit close to home. The reality is that tsunamis, in fact, have already made their mark on the West Coast, and the threat still remains...
XL Capital Notes Estimate of Revised Losses from Tsunami, 2004 Hurricanes
Jan 20 2005 // Bermuda-based XL Capital Ltd. announced that, based on initial loss reports and preliminary estimates, it expects pre-tax net losses arising from the tsunami that struck South Asia on Dec. 26, 2004, of approximately $75...
Fla. Hurricane Property Losses Now Top $21.6 Billion
Jan 19 2005 // Total property losses from the four major hurricanes that struck Florida in 2004 now top $21.6 billion according to data presented to members of a Select Joint Committee on Hurricane Insurance. The latest estimate,...
CIWA Donates to ARC Following Tsunami Disaster
Jan 19 2005 // The California Insurance Wholesalers Association (CIWA) recently agreed to donate $600 to the American Red Cross Disaster Relief Fund in the wake of the tsunami disaster in Southeast Asia. Incoming CIWA President Mark...
Crawford & Co., GAB Robins Adjusters See Tsunami Destruction Up Close
Jan 17 2005 // While the official death toll may never be known, the reaction to last month’s killer earthquake and tsunamis in Southeast Asia continues. Insurance Journal recently spoke with several individuals whose companies...
SCOR to Help Tsunami Victims
Jan 14 2005 // France’s SCOR Group announced that it has mobilized to help the Indian Ocean victims of the Tsunami, initially contributing 150,000 euros ($197,000) to the aid campaign. The amount “represents one per thousand...
