Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
W. Va. Hurricane Ivan Aid at $10.5 Million
Oct 14 2004 // Federal and state funds to assist West Virginians with flood recovery efforts have reached $10.5 million, state and federal recovery officials said this week. President Bush’s Sept. 20 Hurricane Ivan disaster...
Survey Says Nearly 8 in 10 Calif. Homeowners in Fire Danger Areas Think Wildfire Losses ‘Unlikely’
Oct 14 2004 // Seventy-eight percent of California homeowners living in identified fire danger areas believe that it is “somewhat” or “very” unlikely their home will be damaged or destroyed by a wildfire,...
AIG Reports on Hurricane, Typhoon Losses; $500-$515 Million After Tax Net Losses Expected
Oct 14 2004 // American International Group Inc. (AIG) has issued an estimate of its total expected losses relating to Hurricanes Charley, Frances, Ivan and Jeanne, and Typhoons number 16 (Chaba), 18 (Songda) and 21 (Meari) in Japan. AIG...
Best Affirms Rating of California Earthquake Authority
Oct 13 2004 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of California Earthquake Authority (CEA) (Sacramento, CA). The rating outlook is stable. The rating of CEA reflects its distinctive structure,...
Fla. Begins Hurricane Victim Dispute Mediation Program Following Storms
Oct 12 2004 // Disgruntled storm victims dissatisfied with their insurers now have an option intended to expedite settlements and keep the disputes out of court — mediation, at the industry’s expense. About 2 million Floridians...
Montpelier Re, OPIC Offer Terrorism Cover Abroad
Oct 12 2004 // Bermuda-based Montpelier Re Holdings Ltd. (NYSE – MRH) announced that its wholly owned operating subsidiaries, Montpelier Reinsurance Ltd. and Montpelier Agency Ltd., have entered into agreements with the Overseas...
FEMA Opens Hurricane Recovery Centers in N.J.
Oct 12 2004 // The Federal Emergency Management Agency (FEMA) has opened two disaster recovery centers to help people and businesses whose property was damaged last month by the remains of Hurricane Ivan and subsequent flooding in New...
Midland Sees Q3 Profit Despite Hurricanes
Oct 12 2004 // Cincinnati-based specialty insurer the Midland Co. projected a third-quarter profit, despite volatile weather conditions during the quarter. “We are anticipating earnings per share for the third quarter to be between...
AXIS Capital Notes Q3 Hurricane Impact
Oct 12 2004 // AXIS Capital Holdings Ltd. reported that the total estimated net after-tax impact relating to its exposure to Hurricanes Charley, Frances, Ivan and Jeanne during the third quarter is expected to be between $190 –...
Affirmative Notes Negligible Losses from Hurricanes
Oct 12 2004 // Texas-based Affirmative Insurance Holdings Inc., a provider of personal non-standard automobile insurance, has reported it has experienced negligible losses from the four hurricanes that impacted the southeastern United...
SAFECO ESTIMATES LOSSES FROM HURRICANE FRANCES:
Oct 11 2004 // Seattle-based Safeco announced that its pretax catastrophe losses stemming from Hurricane Frances are estimated at $28 million. This figure represents the estimated losses both from claims received through Sept. 20, 2004...
Industry Pitched In After Hurricanes
Oct 11 2004 // Insurance Journal applauds the industry for its speedy reaction and assistance to assess damage and help out after hurricanes Bonnie, Charley, Ivan, and Frances tore through the southeast leaving major damage — no...
Gallagher Addresses Hurricane Victims’ Concerns of Multiple Deductibles
Oct 11 2004 // Floridians hit by four hurricanes in six weeks faced the likelihood of paying individual deductibles for each hurricane, amounting to tens of thous-ands of dollars in deductibles, until Florida’s Chief Financial...
Insurance Industry Meets Challenge As Hurricanes Tear Through Southeast
Oct 11 2004 // National and state insurance industry associations reacted speedily as hurricanes Charley, Ivan, Frances and Jeanne tore through the southeast — all four landing in Florida and continuing on to devastate states as...
CLEANUP BEGINS AFTER HURRICANE JEANNE:
Oct 11 2004 // At least six people were killed by the fourth hurricane to hit the state in six weeks. After Hurricane Jeanne came ashore in Fort Pierce, the east coast was pummeled with 120 mph winds, while by the time she crossed over...
$13 TO $15 B HURRICANE DAMAGE LOSSES ESTIMATED:
Oct 11 2004 // The triple-whammy hits of hurricanes Ivan, Frances and Charley combined probably produced about $13 billion to $15 billion in losses, according to catastrophe modeler Risk Management Solutions of Newark, Calif. The losses...
MOBILE HOMES BEAR BRUNT OF HURRICANE DAMAGE IN FLORIDA:
Oct 11 2004 // Despite improvements in construction and safety standards since Hurricane Andrew, damage to mobile homes in the paths of recent hurricanes was significant according to the Property Casualty Insurers Association of America...
HURRICANES PROVE COMMERCIAL INSURANCE’S VALUE:
Oct 11 2004 // Business owners who debate the need for insurance coverage have learned an invaluable lesson from hurricanes Charley and Frances, according to the Property Casualty Insurers Association of America (PCI). In the aftermath...
Remember the Lessons of Hurricane Andrew
Oct 11 2004 // Due to efforts to rebuild the Florida property insurance market after Hurricane Andrew, most policyholders in the wake of 2004s more costly hurricane season should not face the same post-Andrew price increases or limited...
Amlin Estimates Net Losses from Hurricanes and Typhoons at $133 Million
Oct 10 2004 // Amlin, a leading Lloyd’s insurer, has released its estimates for losses relating to Hurricanes Charley, Frances, Ivan and Jeanne, together with Typhoon Songda, indicating that gross claims are around $263 million...
