Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
Hurricane Sandy Losses Expected to Top Irene’s
Nov 5 2012 // Hurricane Sandy appears to have easily caused more losses than last year’s Hurricane Irene, but final totals will be hard to come by for some time because of the scale of the disaster, catastrophe forecasting...
Hurricane Sandy’s Impact
Nov 5 2012 // Hurricane Sandy slammed into the New Jersey coastline on Oct. 29, bringing 80 mph winds and hurling a record-breaking 13.88-foot surge of seawater. Following the storm’s landfall, more than 7 million residences and...
Alaska Setting for Japanese Documentary on Tsunami
Nov 5 2012 // A Japanese broadcasting group has been filming a documentary about tsunami debris in Kodiak, Alaska. NHK, Japan’s national public broadcasting station, is filming a documentary about tsunami debris in Alaska to raise...
Hurricane Deductibles Won’t Apply for Sandy in Del. Penn., R.I., D.C.
Nov 4 2012 // [Update: Maine also announced this week that hurricane deductibles would not apply for Sandy-related claims in the state. The Maine Bureau of Insurance told Insurance Journal Monday, Nov. 5, that hurricane deductibles will...
The Hartford’s Q3 Profit Soars; CEO Calls Hurricane Sandy ‘Manageable Exposure’
Nov 2 2012 // The Hartford Financial Services Group reported $401 million profit for its third quarter, up from $60 million profit posted during the same period one year ago. CEO Liam McGee said the Hartford generated strong...
Controversy Over Hurricane Deductibles May Just Be Beginning
Nov 2 2012 // When the National Hurricane Center declared Sandy a “post-tropical storm” just before it made landfall, a lot of homeowners across New Jersey, New York, Connecticut and Maryland may have saved a lot of money....
Hurricane Sandy Takes Toll on New York’s Small Shops, Restaurants
Nov 2 2012 // Pumping water out of basements and yanking rotten food out of refrigerators, shop and restaurant owners said on Thursday they wonder when the power will come back and, more importantly, how they will possibly recover from...
Scope of Hurricane Sandy Widens, Death Toll Rises
Nov 2 2012 // From New York City’s Staten Island to the popular beach towns of the Jersey Shore, rescuers and officials on Friday faced growing evidence of widespread destruction wrought by superstorm Sandy, mounting anger over...
N.Y. Gov. Cuomo: New Yorkers Won’t Have to Pay Hurricane Deductible for Sandy
Nov 1 2012 // New York Governor Andrew Cuomo announced Wednesday that New York homeowners will not have to pay potentially large hurricane deductibles on insurance claims stemming from damage caused by Sandy. New York joins other...
No Hurricane Deductibles for Sandy Claims in New Jersey, Maryland
Oct 31 2012 // Hurricane deductibles will not be applicable for Sandy-related claims in New Jersey, the state where the superstorm made landfall late Monday. New Jersey Department of Banking and Insurance Acting Commissioner Ken...
Hurricane Sandy Losses Should Not Affect Most Insurer Ratings or Premiums: S&P
Oct 31 2012 // Standard & Poor’s Ratings Services said it expects Hurricane Sandy to have only limited impact on the ratings on U.S. property/casualty insurers, global reinsurers, and certain catastrophe bonds. Although it...
Hurricane Deductibles Will Not Apply for Sandy-Related Claims in Conn.
Oct 31 2012 // The Connecticut insurance department issued a notice to the insurance industry Tuesday, alerting the industry that companies may not impose a hurricane deductible on Connecticut claims related to superstorm...
Canada’s Manulife Says Reinsurace Exposure to Hurricane Sandy ‘Manageable’
Oct 31 2012 // Toronto-based Manulife Financial, one of North America’s largest insurers, said its exposure to Hurricane Sandy was manageable and within its risk tolerance. The company, based in Toronto, is primarily a life...
Hurricane Sandy Silences Atlantic City’s Casinos
Oct 31 2012 // Hurricane Sandy has silenced the thousands of slot machines and high-rollers who normally crowd the black jack and roulette tables of Atlantic City, but the resort’s casino companies wager they could be back in...
Insured Losses From Hurricane Sandy $7-$15 Billion: AIR Worldwide
Oct 31 2012 // Catastrophe modeling firm AIR Worldwide estimated Tuesday evening that insured losses from Hurricane Sandy to onshore properties in the U.S. would be in the range of $7 billion to $15 billion. AIR’s insured loss...
Native Seed Shortage Hampers Nevada, Utah Wildfire Recovery
Oct 30 2012 // High demand for native plant seeds in Nevada and Utah is pushing up the price and leaving short supplies following an extreme wildfire year that burned millions of acres nationally. In the Great Basin of Nevada and Utah,...
Hurricane Sandy Unlikely to Trigger Payouts from Catastrophe Bonds
Oct 30 2012 // Investors who have put their money into specialist financial bonds which cover insurance companies from huge natural disasters are unlikely to be hit with big losses from monster storm Sandy even though it is one of the...
Hurricane Sandy Losses Expected to Top Irene’s
Oct 30 2012 // Hurricane Sandy appears to have easily caused more losses than last year’s Hurricane Irene, but final totals will be hard to come by for some time because of the scale of the disaster, catastrophe forecasting...
Hurricane Sandy Delivers Severe But Short-Term Economic Blow: Economists
Oct 30 2012 // Hurricane Sandy is shaping up to be one of the biggest storms ever to hit the United States but even with the severe damage that is expected, the blow to the economy is seen as short-term. Economists say some of the impact...
Hurricane Sandy Expected Ashore Monday Night; Could Be Biggest to Hit U.S. Mainland
Oct 29 2012 // • Hurricane expected ashore Monday evening in New Jersey • Could be biggest to hit U.S. mainland • New York, Philadelphia and Washington in its path • New York Stock Exchange closed Monday and Tuesday • Early...
