Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
New R.I. Law Allows Terrorism Exclusion for Certain Commercial Risks
Jun 14 2004 // A new Rhode Island law allows for a terrorism exclusion from the Standard Fire Policy (SFP) for certain commercial risks. The new law, which became effective last week, amends the state’s Special Commercial Risk...
Industry Coalition Praises Regulators’ Resolution to Support Terrorism Act Extension
Jun 14 2004 // A broad-based coalition of property/casualty insurance company, insurance producer and reinsurance trade associations commended the National Association of Insurance Commissioners (NAIC) for adopting a resolution...
EQECAT Releases High Resolution Tornado/Hail Catastrophe Model; Cites Potential $11 Billion Loss
Jun 10 2004 // Oakland Calif.-based EQECAT, Inc. has announced the release of its U.S. Tornado/Hail/Straight Wind model, for assessing and managing insurance risk associated with these key natural hazard perils. The bulletin noted that...
IEM to Lead Development of Hurricane Plan for Louisiana
Jun 9 2004 // IEM Inc., a Baton Rouge, La.-based emergency management and homeland security consultant, announced it will lead the development of a catastrophic hurricane disaster plan for Southeast Louisiana and the City of New Orleans...
TENNESSEE SENATORS NOTE $10.9 MILLION IN HUD DISASTER ASSISTANCE ON TORNADO ANNIVERSARY:
Jun 7 2004 // U.S. Senators Bill Frist (R-Tenn.) and Lamar Alexander (R-Tenn.) recently announced that the City of Jackson will receive $10.9 million from the Department of Housing and Urban Development to help rebuild public housing...
Could the California Wildfires Have Been Predicted’
Jun 7 2004 // Lessons for Agents and Insurers In late October 2003, major wildfires broke out in five southern California counties, burning more than 750,000 acres, or an area the size of Rhode Island. These devastating fires burned for...
RMS Expands Services for Hurricane Season
Jun 2 2004 // According to a bulletin from Newark, Calif.-based Risk Management Solutions, threats from hurricanes will remain high this season, which officially began yesterday. The company, one of the world’s leading providers...
ICT: Flooding is Hurricane Season’s Real Danger
Jun 2 2004 // As all eyes turn toward the Gulf of Mexico at the start of the 2004 hurricane season, the Insurance Council of Texas issued a reminder to Texans that they should beware of the potential for deadly floodwaters across the...
Tornadoes Rip Through Storm-Weary Midwest
Jun 1 2004 // Powerful storms again swept across the Midwest, downing trees and power lines and spawning twisters that leveled houses and barns and sent mobile homes hurtling through the air. In Marengo, Ind., a town of 800 about 35...
Fla. CFO Warns of Hurricane Preparedness
May 26 2004 // With explosive state population growth and experts predicting the formation of more than 12 named Atlantic storms, Florida’s Chief Financial Officer Tom Gallagher is issuing a warning to consumers: Prepare...
La. Commissioner Warns of Preparing for Hurricanes
May 26 2004 // Louisiana Commissioner of Insurance Robert Wooley said checking all of one’s property insurance policies now could help save them from financial ruin during the hurricane season that begins June 1 and stays through...
First Premium Insurance Group Unveils ‘Supplemental Natural Disaster Protection’
May 21 2004 // First Premium Insurance Group (FPIG) has introduced its new Supplemental Natural Disaster Protection (SNDP) program. The program pays directly to your insureds the monthly sum they select should their home become...
EQECAT Hurricane Model Certified by Fla. Commission
May 20 2004 // EQECAT Inc., announced that the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) unanimously re-certified EQECAT’s Hurricane model for use in Florida. The certification was the seventh in a...
AIR 2004 U.S. Hurricane Model Certified by Fla. Commission for 8th Straight Year
May 17 2004 // AIR Worldwide Corporation (AIR) announced the certification of its 2004 U.S. Hurricane Model by the Florida Commission on Hurricane Loss Projection Methodology. For the eighth consecutive year the AIR model has been...
Ga. Commissioner Reminds Residents of Hurricane Danger During National Hurricane Awareness Week
May 17 2004 // This week, May 16-22, is National Hurricane Awareness Week, and Georgia Insurance Commissioner John Oxendine is reminding Georgians that they should check their homeowners policy annually to be sure they have adequate...
N.C. RESIDENTS URGED TO PREPARE FOR HURRICANE SEASON; ATLANTIC BASIN FORECAST RELEASED:
May 17 2004 // Hurricane Isabel was directly or indirectly responsible for 50 deaths nationwide and caused an estimated $170 million of property damage in North Carolina last September. Experts predict 14 named storms and eight...
OKLAHOMA HAILSTORM DAMAGES EXCEED $75M:
May 17 2004 // Hailstorms that hit central Oklahoma in April caused more than $75 million in damage, according to preliminary estimates released by the Oklahoma Insurance Department. The Associated Press reported that Insurance...
IIASA, TWIA WINDSTORM WORKSHOP:
May 17 2004 // The Independent Insurance Agents of San Antonio announced it will host a windstorm insurance underwriting workshop in conjunction with the Texas Windstorm Insurance Association. The workshop is scheduled for June 4, 2004,...
OCTOBER WILDFIRE SURVIVORS FILE CLASS ACTION SUIT AGAINST INSURANCE COMPANIES:
May 17 2004 // A class-action lawsuit was filed on May 5 against four major insurance companies who write homeowner’s insurance in California. The lawsuit filed against State Farm, Allstate, Farmers and Safeco alleges that the...
RMS U.S. Hurricane Model Re-Certified by Fla. Commission in Establishing Residential Rates
May 12 2004 // Risk Management Solutions (RMS) announced that the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) unanimously re-certified the RMS Hurricane model for use in establishing residential insurance rates...
