Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
Terrorism Risk Act Regulation Finalized
Jul 10 2003 // The Department of the Treasury this week finalized the first regulation implementing the Terrorism Risk Insurance Act of 2002 (TRIA). The final rule clarifies that fidelity insurance is not included under the Act and does...
Tropical Storm Claudette Moving Toward Mexico
Jul 10 2003 // The National Hurricane Center in Miami continued its “Tropical Storm Warning,” as “Claudette,” the third named Atlantic storm of the season continues to move west through the Gulf of Mexico towards...
Tropical Storm Bill Moving Towards Gulf Coast; Hurricane Watch Issued
Jun 30 2003 // The National Hurricane Center reported that Tropical Storm Bill is currently around 185 miles south of Morgan City Louisiana, and is moving north at around 14 mph. If it continues along its present path, Bill could make...
AIR Expands San Francisco Office for Research in Earthquake Engineering
Jun 18 2003 // AIR Worldwide Corporation (AIR) announced the relocation and expansion of its San Francisco office to accommodate the increasing number of research initiatives being undertaken there. The San Francisco team, led by Dr....
AIA Lauds Passage of NH Standard Fire Policy Excluding Terrorist Coverage
Jun 12 2003 // The American Insurance Association praised the actions of The New Hampshire state legislature in approving a bill (HB 460) that adds terrorism as an exclusion under the state’s standard fire policy (SFP), which the...
Worst Ever Tornado Losses Won’t Affect Property Rates Yet
Jun 9 2003 // A series of severe thunderstorms and tornadoes that ravaged the country’s mid-section in early May is not likely to send property insurance rates soaring again, but the surprising weather pattern has caused insurers...
Hartford Survey Says With More at Stake, Small Businesses are Least Ready for Natural Disaster
Jun 6 2003 // Although they have the most at stake, small businesses are less prepared than larger companies to withstand a natural disaster, according to a recent national survey of small and mid-sized businesses by The Hartford...
RMS Integrates New Hurricane Model With “RiskOnline” System
Jun 3 2003 // Newark Calif.-based Risk Management Solutions has taken another step in preparation for what experts are predicting will be an active hurricane season by integrating the third generation of its U.S. Hurricane model,...
RMS Earthquake Engineer Asked by EERI to Lead Algerian Quake Damage Survey Team
May 30 2003 // California-based Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, announced that the Earthquake Engineering Research Institute (EERI) has asked Dr. Fouad...
New Swiss Re Publication Examines Terrorist Risks
May 21 2003 // Swiss Re announced that it has published a timely new study, “Terrorism risks in property insurance and their insurability after 11 September 2001,” which it described as a “brochure aimed at identifying...
Insurance Losses From Tornadoes Could Be Most Costly Event Ever, Says I.I.I.
May 20 2003 // U.S. insurers have taken another hit these past few weeks as tornado season continues to wreak havoc on the nation. The tornadoes, which swept across parts of the U.S. from May 2-11, have the potential to be the costliest...
Fisher Says Industry Will Serve Okla. Tornado Survivors Well
May 16 2003 // Oklahoma Insurance Commissioner Carroll Fisher told tornado survivors he will help the insurance industry in any way possible to resolve claims resulting from the storms that hit his state in early May. Fisher made his...
May 4 Kan. Tornado Insured Damage Totals $70 Million
May 16 2003 // Insured property damages due to the May 4 tornadoes in Kansas are about $70 million, according to the state’s insurance department. Insurance Commissioner Sandy Praeger estimated that the damage in Northeast Kansas,...
PIANJ Supports Proposed “Hurricane Deductible” Regulation
May 9 2003 // The Professional Insurance Agents of New Jersey Inc. has written a letter to Assistant Commissioner Douglas Wheeler of the New Jersey Department of Banking and Insurance, indicating the organization’s support for the...
Midwest Tornadoes Cause at Least $325 Million in Insurance Losses
May 8 2003 // Tornadoes that swept across Arkansas, Kansas, Missouri, Nebraska, South Dakota and Tennessee earlier this week could cost insurers at least $325 million — making it one of the top five costliest tornado events, according...
ISO: Midwest Tornadoes are an Insurance Catastrophe
May 7 2003 // Even though preliminary figures are not even available yet, the Insurance Services Office Inc. has labeled the tornadoes that hit 14 Midwestern states an insurance catastrophe, meaning that insured damages are expected to...
Terrorism
May 5 2003 // Nuts & Bolts: ACE USA announced terrorism-related products providing broader solutions for U.S.-based clients. The new offering addresses coverage gaps created by the Terrorism Risk Insurance Act (TRIA), including...
ISO Tech Conference to Explore Terrorism, Mold, Med-Mal, ID Theft
May 5 2003 // The Insurance and Technology Conference, sponsored by Insurance Services Office, Inc. (ISO), will be held Nov. 2-4 at the Disneyland Hotel in Anaheim. Dr. James Canton, futurist and author, will be the keynote speaker,...
Death Toll Rises in Turkish Earthquake
May 2 2003 // More than 100 people have reportedly died and many more are missing following the earthquake that struck a mountainous region of Eastern Turkey early Thursday morning. Rescue efforts were centered on a local school in the...
WASH. STATE WC TO INCLUDE ACTS OF TERRORISM
May 1 2003 // Washington taxpayers and the State Fund will get significant financial relief from the federal government in the event of an act of terrorism that results in catastrophic losses to the workers’ compensation system....
