Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
S&P Concerned by Hurricane Ivan; “Challenges Insurers’ Predictive Models”
Sep 13 2004 // Standard & Poor’s Ratings Services has issued a bulletin indicating that it “views the approach of Hurricane Ivan, which is projected to be moving toward Florida, with concern.” Reinstatement...
Disaster Assistance Option for Insured Property Owners Following Hurricanes
Sep 13 2004 // People who have applied for assistance for hurricanes Charley or Frances may still be able to get help even if they got a letter from the Federal Emergency Management Agency (FEMA) telling them they are not eligible at...
Fla. Storm Victims Facing Double Deductibles from Hurricanes Charley, Frances
Sep 10 2004 // Florida CFO Tom Gallagher released a statement this week as the Sunshine State took a hit from Hurricane Frances, meantime keeping a watchful eye out for Hurricane Ivan, which was possibly headed for the Florida Keys by...
PCI: Hurricanes Prove Commercial Insurance Value
Sep 9 2004 // The Property Casualty Insurers Association of America has issued a bulletin, which notes: “Business owners who debate the need for insurance coverage can learn a valuable lesson from Hurricanes Charley and...
S&P Analyzes Potential Impact of Q3 Hurricanes; Questions Catastrophe Models
Sep 8 2004 // Standard & Poor’s Ratings Services has issued a prelimlinary report on the series of hurricanes, notably Frances and Charley, which have struck the U.S. S&P indicated: “Although it’s still too...
Swiss Re Estimates Aggregate Claims for Hurricanes Charley and Frances to be Under $300 million
Sep 8 2004 // Swiss Re announced that based on current estimates, it expects that its aggregate claims related to the hurricanes Charley and Frances will be under $300 million before tax. The reinsurer’s estimate on Hurricane...
Hard-Hit Floridians Can Turn to FEMA Grants, SBA Loans to Recover From Hurricanes
Sep 8 2004 // While insurance payments will reportedly help most Floridians recover from the financial losses inflicted by Hurricanes Charley and Frances, government grants and low interest loans will be available to help pay for the...
Powerful Hurricane Ivan Ravages Caribbean Islands; Could Strike U.S.
Sep 8 2004 // Hurricane Ivan continued its destructive path through the Southeastern Caribbean yesterday, pummeling Grenada, Barbados and Tobago with 120 mph (195km/hr) winds before moving back over open water. No deaths have so far...
Hurricane Ivan Threatens Caribbean Islands
Sep 7 2004 // Miami’s National Hurricane Center warned that Ivan is a “dangerous hurricane,” and is becoming “better organized as it rapidly approaches the Windward Islands,” triggering hurricane...
COLORADO HAILSTORMS CAUSE MILLIONS OF DOLLARS IN DAMAGE:
Sep 6 2004 // A Colorado hailstorm left farmers and residents with damage amounting to millions of dollars, according to the Rocky Mountain Insurance Information Association. The insurance industry estimated that the hailstorms that...
SAFECO ESTIMATES LOSSES FROM HURRICANE CHARLEY:
Sep 6 2004 // Seattle-based Safeco announced that claims stemming from Hurricane Charley are estimated at $45 million in pre-tax catastrophe losses. This figure represents the estimated losses both from claims received through Aug. 24,...
Caribbean Islands Brace for Another Hurricane; Ivan Now a Category 4 Storm
Sep 6 2004 // Predictions of a “busy” hurricane season are proving all too true. While Frances is still churning the waters of the Gulf of Mexico off the Florida panhandle, Ivan continues to gather strength off the coast of...
Dual Hurricanes Will Challenge Claims Handling Process
Sep 3 2004 // The historic one-two punch of Hurricanes Frances and Charley will make the claims handling process in Florida more difficult, but still manageable, according to the Insurance Information Institute (I.I.I.) The I.I.I....
A.M. Best Comments on Potential Rating Implications from Hurricane Frances
Sep 3 2004 // A.M. Best Co. has recently taken rating actions on several Florida insurance companies in response to their reduced risk-adjusted capitalization due to losses from Hurricane Charley, as well as potential exposure to...
RMS Estimates Potential Losses Ranging from $2 to $20 Billion for Hurricane Frances
Sep 3 2004 // Risk Management Solutions (RMS) has announced that potential insured losses could range from $2 to $20 billion based on the latest forecasts for Hurricane Frances. Uncertainty in the storm’s track and intensity...
Survey Finds Personal Finance Concerns Outweigh Fears of Terrorism; Mistrust of Insurers
Sep 2 2004 // Euro RSCG Worldwide, a leading integrated marketing communications agency, has released the results of an online survey of more than 13,000 respondents in six countries, which found that more people consistently fret about...
NHC Issues Hurricane Watch as Frances’ Threat to Florida Grows
Sep 2 2004 // The latest bulletin from the National Hurricane Center in Miami confirms that a “Hurricane Watch remains in effect for the Florida East Coast from Florida City Northward to Flagler Beach, including Lake...
Progressive Offers Tips to Keep Drivers and Vehicles Safe as Hurricane Frances Approaches
Sep 2 2004 // After Charley’s passage the Progressive Group of insurance companies, the third largest auto insurer in the U.S. and insurer of about one in 10 Florida drivers, has had a lot of experience with storm related...
Floridians: Prepare for Different Scenarios from Hurricane Frances
Sep 2 2004 // Hurricane Frances will likely affect the state of Florida in a variety of ways. While some areas will see high wind, others might be deluged with rain, while still more could have a mix of both. The Institute for Business...
Frances Now a Category 4 Hurricane; Aims Directly at East Coast of Florida
Sep 1 2004 // Hurricane Frances has strengthened substantially as it continues on a northwestern path over the open waters of the Northern Caribbean. Maximum sustained winds remain near 140 mph (220 km/hr) with higher gusts, making the...
