Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
Endurance Estimates Hurricane Claims at $115 Million
Oct 5 2004 // Bermuda-based Endurance Specialty Holdings Ltd. reported that estimated aggregate potential claims from hurricanes Charley, Frances, Ivan, and Jeanne, net of reinsurance recoverables, reinstatement premiums, and taxes, is...
Berkley Updates Q3 Hurricane Loss Estimates to $20 Million, Including Jeanne
Oct 5 2004 // W. R. Berkley Corporation announced that has updated its estimate of hurricane losses in the third quarter to now include those from Hurricane Jeanne as well as Hurricanes Charley, Frances and Ivan. Berkley’s...
Markel Estimates $80 Million in Hurricane Losses
Oct 4 2004 // Richmond, Va.-based Markel Corporation announced that on the basis of currently available information its estimated pre-tax net losses, including reinstatement premiums, from Hurricanes Charley, Frances, Ivan and Jeanne...
Everest Re Estimates Around $190 Million Exposure to Hurricane, Typhoon Losses
Oct 4 2004 // Barbados-based Everest Re Group, Ltd. announced that, based on its initial assessment of potential exposures, it expects aggregate losses from Hurricanes Charley, Frances, Ivan and Jeanne, and the quarter’s Pacific...
Hurricane Survivor Feels Lucky, Despite Hassles
Oct 4 2004 // Betsy Gunderson isn’t living in her Coral Gardens neighborhood these days. Hurricane Frances rendered her home unfit for habitation. Then came a second slap for good measure from the remnants of Ivan, and the final...
Midwest Insurers Issue $90 Million More in Hurricane Loss Estimates
Oct 4 2004 // Another group of Midwest-based insurers have issued loss estimates totaling $90 million related to the recent hurricane season. St. Paul Travelers Cos. estimated its losses from Hurricane Frances at about $75 million,...
Hurricanes Insurance Claims Expected to Exceed $22 B
Oct 4 2004 // Thanks to Charley, Frances, Ivan, and Jeanne, insurance claim payments are expected to exceed $22 billion, far surpassing the claims for hurricane Andrew in 1992, which totaled $15.5 billion. According to the Insurance...
Zenith Estimates Losses Related to Hurricanes
Oct 4 2004 // Woodland Hills, Calif.-based Zenith National Insurance Corp. announced its initial estimate of aggregate losses in its assumed reinsurance business attributable to Hurricanes Charley, Frances, Ivan and Jeanne. Zenith...
Montpelier Re Estimates Hurricane and Typhoon Net Impact at $185 to $235 Million
Oct 1 2004 // Bermuda-based Montpelier Re Holdings Ltd. announced that on the basis of currently available information the estimated combined net negative impact of losses from Hurricanes Charley, Frances, Ivan and Jeanne and Typhoons...
At $22 Billion, Insured Losses from Four Florida Hurricanes Will Exceed Andrew’s Record
Oct 1 2004 //
Munich Re Estimates $616 Million Hurricane Losses
Oct 1 2004 // Munich Re, the world’s largest reinsurer, issued a statement estimating that its losses from “an unusually close succession of windstorms in the Atlantic and Pacific” would be around 500 million euros...
Hurricane-Related Claims Force American Superior Into Receivership
Oct 1 2004 // Florida state regulators have placed American Superior Insurance Co. into receivership (See Southeast News Sept. 29) after it became overwhelmed by homeowners claims. The small company with offices in Plantation, Fla., has...
Transatlantic Holdings Estimates Net Hurricane Losses at $97.5 Million
Oct 1 2004 // Transatlantic Holdings, Inc. (TRH) estimated that its net losses from Hurricanes Frances, Ivan and Jeanne will amount to approximately $65 million, after tax. It said, “after adding the impact of such losses to the...
Fairfax, OdysseyRe Estimate Hurricane Losses
Sep 30 2004 // Toronto-based Fairfax Financial Holdings Limited announced that its initial estimate of aggregate potential net losses relating to Hurricanes Frances, Ivan and Jeanne is in the range of US$85 million to US$95 million after...
RenRe Comments on Hurricanes’ $425 Million Impact; Fitch Affirms Debt Ratings
Sep 30 2004 // Bermuda-based RenaissanceRe Holdings Ltd. estimates that Hurricanes Charley, Frances, Ivan and Jeanne will have a combined negative impact on the Company’s third quarter earnings of approximately $425 million. RenRe...
Horace Mann Reports Hurricane Impact
Sep 30 2004 // Illinois-based Horace Mann Educators Corp. estimates its financial impact from Hurricane Frances and Hurricane Ivan, net of anticipated reinsurance, will total approximately $23 to $26 million pretax. In addition, the...
Penn-America Group Notes Hurricane Losses
Sep 29 2004 // Pennsylvania-based Penn-America Group Inc. stated that based upon claims reported to date, it expects after-tax losses from Hurricanes Charley, Frances, Ivan and Jeanne, including additional reinsurance premiums, will be...
SCOR Estimates Q3 Hurricane Losses at $27.5 Million
Sep 29 2004 // France’s SCOR Group estimates that the total gross cost of the cost of the hurricanes in the United States and in the Caribbean, Charley, Frances and Ivan, to be 22.5 million euros million ($27.5 million). SCOR noted...
W. Va. Hurricane Ivan Aid at $2.5 Million
Sep 29 2004 // Federal and state grants to assist West Virginians with flood recovery efforts have reached $2.5 million, state and federal recovery officials said on Wednesday. President Bush’s Sept. 20 Hurricane Ivan disaster...
Big ‘I’ Praises Approval of Terrorism Insurance Backstop Bill by Financial Services Committee
Sep 29 2004 // The Independent Insurance Agents & Brokers of America (the Big “I”) is hailing House Financial Services Committee passage of H.R. 4634, the Terrorism Risk Insurance Backstop Extension Act. The Association...
