Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
Donegal Insurance Reports 3Q to Reflect Hurricane, Securities Events
Oct 9 2008 // Marietta, Pennsylvania-based Donegal Group Inc. reported that its net income for the third quarter of 2008 will reflect realized investment losses related to its equity securities and claim activity resulting from...
Hurricane Ike’s Windstorm Costs Insurers $550 Million in Ohio Damages
Oct 9 2008 // Winds from Hurricane Ike will cost insurance companies at least $553.1 million to cover property damage and other losses in Ohio, making it the state’s most expensive natural disaster in more than three decades, a...
Ike Claims for Texas Windstorm Pool May be Less Than Expected
Oct 9 2008 // Two weeks after Hurricane Ike hit Galveston, Texas, on Sept. 13, the Texas Windstorm Insurance Association, the state’s insurer of last resort for wind coverage along the coast, was fielding thousands of claims per...
Endurance Releases Hurricane, Financial Loss Estimates
Oct 8 2008 // Bermuda-based Endurance Specialty Holdings Ltd. announced its initial loss estimate related to Hurricanes Ike and Gustav at around $145 million pretax and net of reinsurance and reinstatement premium. The company also...
CCRIF Pays Turks and Caicos $6.3 Million in First Hurricane Recovery
Oct 8 2008 // The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has made its first ever hurricane payout from the multi-country risk pool. Turks and Caicos Premier the Hon. Dr. Michael Misick accepted $6.3 million from the...
Ohio’s Recent Windstorm Could Rival State’s Costliest at $600 Million
Oct 8 2008 // Ohio insurers say losses from last month’s windstorm will rival those from the state’s costliest natural disaster of recent decades. The 1974 tornado that devastated the western Ohio city of Xenia caused about...
More to Come in Busy Atlantic Hurricane Season
Oct 6 2008 // The 10 tropical storms and hurricanes that ripped through the Atlantic and Caribbean during this busy hurricane season savaged Haiti, Cuba and the U.S. Gulf coast, and conditions are now ripe for more. Residents of the...
More to Come in Busy Atlantic Hurricane Season
Oct 6 2008 // The 10 tropical storms and hurricanes that ripped through the Atlantic and Caribbean during this busy hurricane season savaged Haiti, Cuba and the U.S. Gulf coast, and conditions are now ripe for more. Residents of the...
Louisiana’s Crops, Forests, Fisheries Suffered From Hurricanes
Oct 6 2008 // Louisiana agriculture, forestry and fisheries suffered an estimated $950 million in losses and damages from Hurricanes Gustav and Ike, according to the Louisiana State University AgCenter. The figure is expected to rise as...
Minnesota New Home for Dogs Displaced by Hurricane Ike
Oct 2 2008 // More than 100 dogs displaced by Hurricane Ike will soon be awaiting new families in Minnesota. The Animal Humane Society received 59 dogs in the Twin Cities on October 1 and expects to get another 60 in the next week or...
Earthquake-Damaged School Gym in Illinois Causing Controversy
Oct 1 2008 // An earthquake that shook much of the Midwest months ago is giving a Metro East, Ill. school district some financial aftershocks. Officials in East Alton say the April quake caused as much as $1.2 million in damage to the...
Texas Windstorm Insurance Association Answers Policyholder FAQs
Oct 1 2008 // In an attempt to clear-up some of the confusion regarding claim filing and what is covered by the Texas Windstorm Insurance Association, the group has issued answers to the following frequently asked questions: Question:...
AIR Estimates China Typhoon Insured Losses at $100 to $250 Million
Sep 29 2008 // Catastrophe risk modeling firm AIR Worldwide estimates that insured losses to onshore properties in China from both wind and precipitation-induced flooding from Typhoon Hagupit will be between $100 million and $250...
Florida Researchers Deploy New Hurricane Data Weather Balloons
Sep 29 2008 // A fleet of special balloons released over South Florida may soon help hurricane forecasters better predict the path of storms. But at a cost of up to $2,000 each, these aren’t your average birthday party...
Too Early to Tell if Kentucky Windstorm will Increase Insurance Rates
Sep 24 2008 // The Kentucky Office of Insurance says it’s too early to tell if the severe winds caused by the remnants of Hurricane Ike will result in insurance rate hikes. The Courier-Journal reported insurers have received tens...
Hurricane Gustav Damage in Alexandria, La., Tops $25M
Sep 24 2008 // Officials say Hurricane Gustav inflicted more than $25 million worth of damage in Alexandria, La., when it blew through in early September. About half of that amount came from estimated damage caused by roof collapses at...
Texas Issues Data Call to Insurers in Hurricane Ike’s Aftermath
Sep 23 2008 // The Texas Department of Insurance (TDI) is conducting a mandatory data call for certain information related to claims in the counties of Angelina, Austin, Brazoria, Brazos, Chambers, Cherokee, Fort Bend, Galveston, Gregg,...
Colordo Proposal Would Require County Wildfire-Prep Plans
Sep 23 2008 // A Colorado legislative committee studying the wildfire threat in Colorado is proposing a requirement that all counties have wildfire preparedness plans. The committee also is looking to put $50 million over five years into...
More to Come in Busy Atlantic Hurricane Season
Sep 22 2008 // The 10 tropical storms and hurricanes that ripped through the Atlantic and Caribbean during this busy hurricane season savaged Haiti, Cuba and the U.S. Gulf coast, and conditions are now ripe for more. Residents of the...
Hurricane and Political Seasons Stir Up National Cat Plan Proposals
Sep 22 2008 // As Losses Mount for Insurers, More Proposals for a National Solution Emerge Neither Gustav nor Ike walloped the property/casualty insurance industry the way Katrina did but there is still concern in insurance and...
