Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
XL Hit By Hurricanes; Posts $22.5 Million Q3 Net
Nov 2 2004 // Bermuda-based XL Capital Ltd reported net income available to ordinary shareholders for the quarter ended Sept. 30, 2004, of $22.5 million, or 16 cents per ordinary share, compared with $99.0 million, or 71 cents per...
Ill. Gov Notes More Than $1 Million in Funding to Help Utica, Other Communities Rebuild from Tornadoes
Nov 1 2004 // In order to expedite Utica’s long-term economic recovery plans, Illinois Gov. Rod Blagojevich announced more than $1 million in funding recently that will help rebuild and enhance this and other communities...
Hurricanes Hit Argonaut Group’s Bottom Line
Oct 29 2004 // San Antonio, Texas-based Argonaut Group Inc. reported third quarter net income dropped by 62 percent, largely as a result of the four hurricanes that hit Florida in late summer. Gross written premiums for third quarter...
RenRe Reports Q3 Operating Loss of $372 Million; Increases Hurricane Loss Estimates
Oct 28 2004 // Bermuda’s RenaissanceRe Holdings Ltd. reported a net operating loss attributable to common shareholders of $372 million for the third quarter of 2004, versus net operating income available to common shareholders of...
ISO: Insurers Will Pay Estimated $3.245 Billion on Hurricane Jeanne Claims
Oct 26 2004 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $3.245 billion for insured property losses from Hurricane Jeanne, according to preliminary estimates by ISO’s Property Claim...
LOSSES FROM 4 FLA. HURRICANES WILL EXCEED ANDREW’S RECORD:
Oct 25 2004 // Insurance claim payments to victims of the four Florida hurricanes to date will exceed $22 billion, surpassing the insurance payout from Hurricane Andrew, the costliest natural disaster in history, according to the...
Dispute Mediation Program Begun for Hurricane Victims
Oct 25 2004 // Disgruntled Florida storm victims dissatisfied with their insurers can expedite settlements and keep the disputes out of court with mediation—at the insurance company’s expense. About two million Floridians are...
HURRICANE IVAN LOSSES IN ALABAMA $279M TO $325M:
Oct 25 2004 // Alabama-based The Alfa Insurance Group and Alfa Corporation have commented on the effects of Hurricane Ivan. “Hurricane Ivan had a significant impact on certain counties in Alabama and created a large number of...
GOV. WANTS HURRICANE REPORT:
Oct 25 2004 // Texas Gov. Rick Perry has directed state Homeland Security Director Steve McCraw to assess Texas’ ability to handle large-scale evacuations in the event of a catastrophic hurricane, the governor’s office...
BEST AFFIRMS RATING OF CALIFORNIA EARTHQUAKE AUTHORITY:
Oct 25 2004 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of California Earthquake Authority (CEA). The rating outlook is stable. The rating of CEA reflects its distinctive structure, which has been...
TDI Schedules Texas Windstorm/Hail Conference
Oct 22 2004 // The recent experience of Florida, which is recovering from not one or two but four serious storms in a single hurricane season, has underscored the need for Texas officials to reevaluate the state´s potential risks due to...
Deadly Typhoon Tokage Hits Japan
Oct 21 2004 // Typhoon Tokage roared through Southwestern Japan on Wednesday, killing at least 48 persons, injuring more than 200, and leaving a trail of destruction in its wake. The NHK, Japan’s public broadcasting service,...
Argonaut Unveils Hurricane Claims Exposure
Oct 20 2004 // San Antonio-based Argonaut Group Inc. has reported that, based on claims information currently available, the combined effect of Hurricanes Charley, Frances, Ivan and Jeanne is estimated to result in pre-tax losses, net of...
ZFS Says Net Hurricane Claims Around $400 Million
Oct 19 2004 // Zurich Financial Services Group announced that it expects aggregate claims payments related to the four recent Atlantic hurricanes to be approximately $525 million before tax and net of reinsurance. “This corresponds...
Safeco Unveils Q3 Numbers, Notes Hurricane Impact
Oct 19 2004 // Seattle-based Safeco on Tuesday reported third-quarter results, reflecting strong fundamentals in a period with substantial hurricane losses and the loss on the sale of Life & Investments. The company posted a net...
Fla. CFO Reports 5th Arrest of Unlicensed Public Adjuster Working in Hurricane-Damage Area
Oct 18 2004 // A Pennsylvania man working in the Fort Myers, Florida area was arrested by investigators with the Department of Financial Services on a charge of operating as a public adjuster without a license. Albert E. McBride III, 36,...
Allmerica Notes Impact from Hurricane Jeanne
Oct 18 2004 // Massachusetts-based Allmerica Financial Corp. announced estimated pre-tax catastrophe losses of approximately $30 million related to Hurricane Jeanne. The company expects to cede all Hurricane Jeanne losses to reinsurers,...
Best Reacts to Allstate Floridian’s Capital Management Efforts Following Hurricanes
Oct 18 2004 // A.M. Best Co. reported this week that it acknowledges Allstate Floridian Insurance Group’s (Allstate Floridian) (Northbrook, Ill.) capital management efforts following Hurricanes Charley, Frances, Ivan and...
Unitrin Tabs Full Hurricane Losses at Less Than $15M
Oct 17 2004 // Chicago-based Unitrin, Inc. announced that it expects its net losses resulting from Hurricanes Charley, Frances, Ivan and Jeanne combined will be less than $15 million after-tax. Unitrin had previously disclosed that its...
Insurers to Pay $6B on Claims for Hurricane Ivan
Oct 15 2004 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6 billion for insured property losses from Hurricane Ivan, according to ISO’s Property Claim Services (PCS) unit. Hurricane...
