Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
Report IDs Pacific Northwest as ‘Mega-Earthquake’ Hotspot
Jul 5 2010 // The Pacific Northwest is one of five regions in the world most likely to see a mega-earthquake, according to a new report. “When The Earth Moves: Mega-Earthquakes To Come?” published by Aon Benfield in...
West Faces High Wildfire Potential
Jul 5 2010 // Arizona Wildfire Incurs $1.8 Million in Claims An Arizona wildfire that has burned 15,075 acres and incurred $6.9 million in claims to date might be the first example of the fire risks the Western United States are facing...
Caribbean Countries Renew Hurricane, Earthquake Coverage
Jul 2 2010 // All sixteen members of the Caribbean Catastrophe Risk Insurance Facility (CCRIF – www.ccrif.org) have renewed their policies for hurricane and earthquake coverage for the 2010/11 year beginning on June first, the...
AIR Estimates Mexico’s Hurricane Alex Insured Loss under $200 Million
Jul 2 2010 // Catastrophe risk modeling firm AIR Worldwide estimates that insurable losses (losses from properties that are eligible for insurance, whether or not they are actually insured) from Hurricane Alex are not expected to exceed...
Hurricane Alex Weakens to Tropical Storm
Jul 1 2010 // Hurricane Alex weakened to a tropical storm Thursday as it moved further inland over northeastern Mexico, dumping heavy rains that flooded cities but sparing U.S. oil facilities near its path. Rain from the first named...
Hurricane Alex Could Reach Land Today in Mexico, Texas
Jun 30 2010 // Hurricane Alex strengthened in the Gulf of Mexico early Wednesday and was expected to make landfall later in the day but skirt Mexican oil rigs and U.S. oil fields, alleviating concerns in crude markets. The first named...
Hurricane Alex to Hamper BP’s Gulf Oil Disaster Containment Effort
Jun 29 2010 // Tropical Storm Alex is expected to reach hurricane strength on Tuesday, with high winds and vast waves set to hamper BP Plc’s latest efforts to contain the largest oil spill in U.S. history. Shares in London-based...
Louisiana Hurricane Recovery Board Disbanding
Jun 29 2010 // The Louisiana Recovery Authority’s board ended its multibillion dollar rebuilding work on June 24, nearly five years after Hurricane Katrina roared ashore. The LRA board of directors – a volunteer board largely...
Texas Prepares as Tropical Storm Alex Heads Toward Hurricane Status
Jun 29 2010 // As of 10 a.m. CDT on June 29, Tropical Storm Alex was nearing hurricane strength in the western Gulf of Mexico and the National Hurricane Center (NHC) expects it to reach hurricane status later in the day. The storm is...
Homeowners Offered Few Insurance Choices in Hurricane States
Jun 28 2010 // In most hurricane-prone states, homeowners have few choices of insurance coverage, with just eight property and casualty insurers in each state controlling up to 77.2 percent of the market share, according to Weiss...
Aon Benfield, Cologne University to Study European Windstorms
Jun 25 2010 // Aon Benfield announced that it has signed an exclusive partnership with the University of Cologne – “a leading research centre with a long record of wind storms diagnostics, extreme weather modeling and impact...
Arizona Wildfire Claims Up to $5 Million
Jun 25 2010 // The Schultz fire burning in Arizona near Flagstaff has incurred up to $5 million in claims to date, according to the latest National Interagency Coordination Center Incident Management Situation Report. To date, 14,800...
More U.S. Firms Buying Terrorism Insurance; Prices Decline: Marsh
Jun 24 2010 // U.S. terrorism insurance purchase rates continued to climb in 2009 as companies of all sizes and across all industries continued to buy terrorism coverage, according to a report by global broker Marsh. Sixty-one percent of...
Earthquake, Tornado, Storms Hit Canada’s International Summit Site
Jun 24 2010 // International leaders might be forgiven if they nervously eye the skies above and the ground below as they gather for summits of the Group of Eight and the Group of 20 in Canada’s province of Ontario this weekend. In...
Arizona Wildfire Incurs $1.8 Million in Claims
Jun 23 2010 // An Arizona wildfirethat has burned 14,000 acres and incurred $1.8 million in claims to date might be the first example of the fire risks the Western United States are facing in 2010. But, the National Interagency...
Double Trouble: Oil and Hurricanes in the Gulf Coast
Jun 21 2010 // AIR Worldwide Reviews Implications of the Gulf Oil Spill for Hurricane Season The current oil spill in the Gulf of Mexico followed soon after a large explosion on the Deepwater Horizon oil drilling platform, 50 miles off...
Double Trouble: Oil and Hurricanes in the Gulf Coast
Jun 21 2010 // AIR Worldwide Reviews Implications of the Gulf Oil Spill for Hurricane Season The current oil spill in the Gulf of Mexico followed soon after a large explosion on the Deepwater Horizon oil drilling platform, 50 miles off...
Lloyd’s Team to Assess Chile Earthquake
Jun 18 2010 // Lloyd’s has confirmed that a team has been sent to Chile to “help the market better understand the impact of February’s earthquake and assist in ensuring the speedy payment of valid claims.” The...
Aon Benfield Report Identifies ‘Mega-Earthquake’ ‘Hotspots
Jun 15 2010 // Aon Benfield has published a new report – “When The Earth Moves: Mega-Earthquakes To Come?” – in conjunction with the Aon Benfield UCL Hazard Research Centre. The report was prompted by the recent...
Florida Certifies Updated AIR Hurricane Model
Jun 14 2010 // AIR Worldwide (AIR) is reporting the certification of its 2010 U.S. Hurricane Model by the Florida Commission on Hurricane Loss Projection Methodology. The commission certifies models for use by insurers for developing...
