Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
Homeowners in Hurricane Paths Hit with High Insurance Costs
Aug 23 2004 // Retired police officers Ed and Nancy McCue are thinking about leaving their dream home near the shores of Biscayne Bay because it’s in a prime area for hurricanes. It’s not the storm threat itself that’s...
Bracing for the Worst: Industry Prepares for Another Wildfire Season
Aug 23 2004 // The fire season started early this year. Wildfires erupted all over California and in Nevada in mid-July, forcing thousands to evacuate and destroying several homes and outbuildings. Affected areas in California included...
AIR Releases 2004 U.S. Storm, Terrorism Models
Aug 23 2004 // AIR Worldwide Corp. announced the release of its 2004 U.S. hurricane, earthquake, severe thunderstorm and terrorism models. The updated models reflect the latest scientific and engineering research into these perils, as...
PartnerRe, Converium, Transatlantic and SCOR Give Preliminary Loss Estimates from Hurricane Charley
Aug 20 2004 // Bermuda-based PartnerRe Ltd. estimated that claims relating to its exposure to Hurricane Charley are expected to be between $35 and $45 million. Transatlantic Holdings, Inc. announced from New York that its estimated net...
Panel Takes Fresh Look at Terrorism
Aug 20 2004 // In a code orange New York, the International Association of Industrial Accident Boards and Commissions (IAIABC) took a fresh look at terrorism and its relation to workers’ compensation at its recent 90th Annual...
NICB: Fla. Hurricane Victims Beware
Aug 19 2004 // Victims of Hurricane Charley in Florida may be the target of unscrupulous contractors and others who prey on people who are beginning to rebuild their homes and businesses, warns the National Insurance Crime Bureau...
RMS Revises Hurricane Charley’s Insured Loss Estimate to Around $5 Billion
Aug 16 2004 // It may be small comfort to the beleaguered Floridians who are trying to pick up their lives after Charley’s deadly passage Friday afternoon (See lead article), but the violent storm actually caused less damage than...
Storm Bonnie Spawns Tornadoes from Fla. to Va.
Aug 13 2004 // Severe weather from Tropical Storm Bonnie spawned tornadoes from Florida to Virginia Thursday afternoon and Friday morning, killing three people and destroying numerous homes. In Rocky Point, N.C., a twister killed three...
RMS: Hurricane Charley Insured Losses Could Top $15 Billion as Storm Moves
Aug 13 2004 // Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, has updated its forecast and loss estimates (See National news) for Hurricane Charley to reflect changes in the...
Hurricane Charley Heads for U.S. Mainland
Aug 12 2004 // As of 8:00 this morning Hurricane Charley was passing over Western Cuba, and the National Hurricane Center in Miami puts the storm on a track to strike Central Florida by tomorrow morning. Residents (and their insurers) in...
Summer in the City: Unconventional Insurance and Olympian Security in Age of Terrorism Risk
Aug 10 2004 // A little more than a year ago, Britain’s Prince William celebrated his 21st birthday with a costume party at Windsor Castle. While William was addressing the partying crowd, a stranger wearing a black beard, white...
AIR Releases 2004 U.S. Storm, Terrorism Models
Aug 9 2004 // AIR Worldwide Corporation (AIR) announced the release of its 2004 U.S. hurricane, earthquake, severe thunderstorm and terrorism models. The updated models reflect the latest scientific and engineering research into these...
Summer in the City: Terrorism, Political Conventions and the Olympics
Aug 9 2004 // A little more than a year ago, Britain’s Prince William celebrated his birthday with a costume party at Windsor Castle. While William was addressing the partying crowd, a stranger wearing a black beard, white turban...
Fitch Reports Fla. Hurricane CAT Fund Upgraded
Aug 4 2004 // The authorized bonding program of the Florida Hurricane Catastrophe Fund (FHCF) has been upgraded to ‘AA’ from ‘A+’. The FHCF provides reinsurance coverage of up to $15 billion per hurricane season,...
North Carolina Coast Takes on Hurricane Alex
Aug 3 2004 // With maximum sustained winds of almost 100 miles per hour, tropical storm-turned-Hurricane Alex is moving along the coast of North Carolina toward the Outer Banks, and local property owners should take some basic...
Florida Sen. Nelson Unveils Measure to Reduce Hurricane Losses
Jul 27 2004 // U.S. Sen. Bill Nelson of Florida, who helped rebuild the state’s insurance market following Hurricane Andrew, has unveiled legislation aimed at reducing the loss of life and property caused by hurricanes, tornadoes...
ACE USA Unveils Hurricane Spin-down Coverage for Chemical Plants, Refineries, Related Industries
Jul 27 2004 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, has introduced hurricane spin-down insurance that can be used by the chemical process industry to help reduce the financial costs of closing...
AIA: Senate Bill Boosts Momentum to Extend Terrorism Insurance Law
Jul 22 2004 // The introduction of legislation in the Senate on Thursday to extend the Terrorism Risk Insurance Act of 2002 (TRIA) by two years “adds to the momentum for congressional action in 2004, and demonstrates bipartisan...
SURVEY: PRICING SURPASSES TERRORISM AS TOP CONCERN:
Jul 19 2004 // An industry survey reveals that pricing is the top of concern facing major reinsurers and carriers in 2004, dramatically surpassing last year’s survey results where the top concern was terrorism. According to the...
Wildfire Victims Question Industry’s Cost Calculator
Jul 19 2004 // Don Robinson says his Residence Mutual insurance policy pegged the cost of replacing his San Diego home at $233,000. After Southern California’s wildfires destroyed the 40-year-old biologist’s four bedroom...
