Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
Bermuda Reinsurers Preliminary Loss Estimates from Terrorist Attacks
Sep 17 2001 // A number of Bermuda-based insurers have extended their condolences to the families of victims of the terror attacks on the World Trade Center and the Pentagon. Bermuda’s two largest insurers, ACE and XL, made...
AIG Issues Preliminary Estimate of Losses Resulting from Terrorist Attacks By Charles E. Boyle Sep
Sep 17 2001 // By Charles E. Boyle The events of Sept. 11 shook the foundations of the American financial community, and industry giant American International Group is one of many shaken by the tragedies. AIG has issued a preliminary...
Odyssey Re Reports Preliminary Estimate of Exposure From Terrorist Attacks
Sep 17 2001 // Based on information received to date, Odyssey Re Holdings Corp. expects pre-tax net losses will be in the range of $80 million; after tax losses will be in the range of $55 million. Considerable time will be required...
ACE Ltd. Evaluates Exposure in the Wake of Terrorist Attacks
Sep 17 2001 // As ACE Limited examined its levels of insurance and reinsurance exposure, the Company joined the world community in condemning Sept. 11’s acts of terrorism in the U.S. Brian Duperreault, chairman and CEO of ACE...
Midway Airlines Ceases Operations Following Terrorist Attacks
Sep 17 2001 // Midway Airlines announced that effective immediately it has suspended all future flight operations. This action is being taken at this time in order to preserve the value available for Midway’s interest holders and...
Terrorist Attack Paralyzes Economy; Insurers Face Largest Catastrophe Ever
Sep 17 2001 // The coordinated terrorist attacks in New York’s lower Manhattan and Washington, D.C., last week targeted indisputable symbols of American prestige and military power: the World Trade Center and the Pentagon. The...
Terrorist Attack Likely to Have Modest Impact on Property Insurers, Weiss Says
Sep 14 2001 // Although Tuesday’s terrorist attack on the World Trade Center building is a terribly tragic event, the impact on the property insurance industry is likely to be modest, according to a preliminary analysis by Weiss...
Collection at Conference & Expo 2001 for Victims of Terrorist Attack
Sep 14 2001 // In light of the horrendous tragedy in New York, the American Agents Alliance will be taking a collection at Conference & Expo 2001 to benefit victims and their loved ones. This collection will be taken on Sunday,...
The Hartford Is Ready to Assist Customers Affected by Terrorist Attacks
Sep 13 2001 // The Hartford Financial Services Group announced that it has a catastrophe team in place at its Shelton, Conn., claim center, ready to move closer to New York when possible. Additionally, the company has claim adjusters...
A Stunned World Reacts to Terrorist Attacks
Sep 12 2001 // No words will ever be able to fully convey the shock and the stunned incredulity around the world as yesterday’s terrorist attacks unfolded on television screens across the globe. Live coverage on French television...
Lloyd’s of London Evacuates Office Towers Following U.S. Terrorist Attacks
Sep 11 2001 // Lloyd’s of London cleared its offices in the traditional financial center in the City of London following terrorist attacks on New York City and Washington, D.C. Reuters reported that the staff of other large...
Terrorist Acts Strike New York and Washington
Sep 11 2001 // Terrorists crashed two hijacked planes into the World Trade Center this morning, causing countless deaths and untold damage as the twin 110-story towers collapsed. The crashes occurred minutes apart just before 9 a.m., and...
NAII Comments on Terrorist Attacks
Sep 11 2001 // The airline disasters in New York City, Pittsburgh and Washington, D.C. have taken an incalculable toll of human lives. The National Association of Independent Insurers (NAII) has three member companies headquartered in...
RMS Upgrades Hawaii Hurricane Model for Insurance Market
Aug 22 2001 // Risk Management Solutions (RMS), industry leader in the area of natural hazard risk modeling, announced the latest release of its RMS™ Hawaii Hurricane model. The model upgrade offers significantly improved risk...
NASA Study to Dissect Hurricanes
Aug 16 2001 // As the country gears up for hurricane season, researchers from the Convection And Moisture EXperiment (CAMEX) are getting ready to conduct an in-depth study of the storms by meeting them head-on. CAMEX is the fourth in a...
Above-Average Atlantic Hurricane Season Predicted by TSR Consortium
Aug 9 2001 // The Tropical Storm Risk (TSR) consortium issued renewed above-average projections for the 2001 Atlantic hurricane season. The number of tropical storms and hurricanes striking US shores in 2001 are expected to be 20 to 30...
Study Says Eight Insurers Command 65 Percent Market Share in Hurricane-Prone States
Jul 23 2001 // A recent study by Palm Beach Gardens, Fla.-based Weiss Ratings Inc. indicated that just eight large property and casualty insurers provide homeowners coverage to residents in hurricane-prone states. Weiss Ratings, a...
Study Says Eight Insurers Command 65% Market Share in Hurricane-Prone States
Jul 13 2001 // A recent study by Palm Beach Gardens, Fla.-based Weiss Ratings Inc. indicated that just eight large property and casualty insurers provide homeowners coverage to residents in hurricane-prone states. Weiss Ratings, a...
More Atlantic Hurricanes Predicted
Jul 11 2001 // London-based weather analyst Tropical Storm Risk (TSR) has predicted more storm activity in the Atlantic this year than previously expected, with the possible formation of 6 potentially deadly hurricanes from a total of 13...
Tropical Storm Allison Rains on Chubb Profits
Jul 11 2001 // The Chubb Corp. announced its second quarter profits would drop by more than 25 percent from last year, mainly due to losses from Tropical Storm Allison, which did much damage in Texas, Louisiana and other parts of the...
