Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
Zephyr Markets Hawaiian Hurricane Policies
Jul 24 2000 // Hawaii’s newest local insurance company has begun writing hurricane insurance and reinsurance. Zephyr Insurance Company will initially write only hurricane insurance for the residents of Hawaii and has already begun...
EQECAT and AER Announce Advanced Hurricane Forecasting
Jul 21 2000 // EQETrac EQECAT and Atmospheric and Environmental Research have made available the EQETrac, an advanced proprietary real-time hurricane forecasting system. The system provides subscribers with probabilistic estimates of...
Calif. Earthquake Authority to Fund Research Project
Jun 27 2000 // The Governing Board of the California Earthquake Authority gave its approval to a $300,000 research project aimed at providing new guidelines for the earthquake insurance claim process, as well as improving repairs to...
HURRICANE FORECAST REVISED
Jun 26 2000 // Colorado State University’s hurricane forecast team led by William Gray has revised its April forecast, now predicting 12 named storms, eight hurricanes and four major hurricanes for the 2000 season, which began June...
Lloyd’s To Use RMS Service To Monitor Hurricanes
Jun 23 2000 // Lloyd’s will make Menlo Park based Risk Management Solutions’ (RMS’) RiskOnline.com service available to members to track the progress of hurricanes in real time for the rest of the year 2000. Access will...
High-Stakes Hurricane Season Arrives
Jun 12 2000 // Residents along the East and Gulf Coasts and in the Caribbean Islands should brace for an above-average 2000 Atlantic hurricane season on par with last year’s season. Forecasters with both the National Oceanic and...
Natural Disaster Reform Legislation Reaches a Turning Point
Jun 12 2000 // Nobody likes to lose their shirt, least of all insurers. So it’s no surprise that, following the huge losses caused by natural disasters in the past few years, insurers have bolted from the homeowners market, leaving...
AIR Introduces New Earthquake Catastrophe Model
Jun 9 2000 // Boston based Applied Insurance Research (AIR) announced a potential breakthrough in earthquake catastrophe modeling with the introduction of the”Advanced Component Method or ACM (TM).” The computer technology...
EQECAT To Participate in Taiwan Earthquake Study
Jun 8 2000 // Oakland based EQECAT, a subsidiary of insurance and financial consulting firm EQE International, has been selected by the Central Reinsurance Corporation (CRC) of Taiwan “to assist in a feasibility study for a...
CSU Forecast Team Ups Hurricane Prediction for 2000
Jun 8 2000 // Colorado State University’s hurricane forecast team, led by William Gray, has revised its April forecast, now predicting 12 named storms, eight hurricanes and four major hurricanes for the 2000 season, which began...
NAII Protests Calif. Earthquake Bill
May 17 2000 // A new earthquake bill would invite an avalanche of claims, the National Association of Independent Insurers (NAII) said yesterday. Senate Bill 1899 lifts the statute of limitations that would otherwise bar plaintiffs from...
Earthquake Victims Call for Quackenbush Impeachment
May 5 2000 // Victims of the 1994 Northridge earthquake have joined the fray over state Insurance Commissioner Chuck Quackenbush’s alleged misuse of his position, calling for his impeachment. At a new conference Thursday, people...
Earthquake Foundation Shaken by Calif. Legislators
May 4 2000 // A state Senate panel voted Wednesday to bar California’s insurance commissioner from ever again allowing insurance companies to avoid fines by contributing to nonprofit foundations. The Senate Insurance Committee...
Legislator Calls for Calif. Earthquake Fund Freeze
May 3 2000 // A California legislator is calling for a freeze on the remaining funds in an earthquake foundation established by California Insurance Commissioner Chuck Quackenbush. Assemblyman Jack Scott announced his intent to...
S&P Rates Earthquake Notes
Apr 3 2000 // An issue of floating-rate notes, the payouts for which are linked to an index of California earthquakes, was assigned a “BB” rating by S&P. The annual probability that monies in the collateral account...
Philippine Volcano Erupts
Feb 25 2000 // Mayon volcano, located in the central Philippines about 190 miles southeast of Manila, erupted Thursday, sending molten rivers of lava down its slopes and darkened skies by sending ash six miles into the atmosphere. It...
Moderate Earthquake Shakes Japan
Feb 11 2000 // Japan’s main island was shaken by a pair of moderate earthquakes Friday, but there were no immediate reports of damage or injuries, AP reported. The first quake struck at 4:14 p.m. and was centered about in Iwate...
World Bank Announces “ProVention Consortium”|”|”In the wake of the recent natural disasters in devel
Feb 4 2000 // World Bank Announces “ProVention Consortium”|”|”In the wake of the recent natural disasters in devel
