Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
Insurer Delivers First Check to Aid Tornado-Stricken Ala. Town
Mar 21 2007 // Representatives from a Boston-based insurance company personally presented a $2 million check to Gov. Bob Riley and Enterprise city officials as the first installment toward the coverage of two Enterprise schools damaged...
Orlando Attorney Elected President of Windstorm Insurance Group
Mar 19 2007 // Attorney Janice A. Kelly was recently elected as the 2007- 2008 president of the Windstorm Insurance Network, Inc., a non-profit organization comprised of almost 1,000 individuals and groups interested in windstorm-related...
Hurricane Chief Voices Concerns About Forecasts from Aging Satellite
Mar 19 2007 // Certain hurricane forecasts could become less accurate if a key weather satellite that is already beyond its expected life span fails, the nation’s new top forecaster said. The change would mean placing longer...
Study Reveals Potential for $100 Billion Earthquake Loss in Beijing, China
Mar 16 2007 // Risk Management Solutions (RMS) announced the preliminary results of a study analyzing the impacts of the 1679 Sanhe-Pinggu Earthquake based on the 2007 population and property exposures of the Beijing, China area. The...
EPA Allows Demolition of 1,200 Hurricane-Damaged Homes in Miss.
Mar 15 2007 // About 1,200 hurricane-damaged homes in south Mississippi can be torn down under rules that have been extended by the Environmental Protection Agency. The EPA’s No Action Assurance program runs until Sept. 30 for...
La.’s Citizens Agrees to Mass Settlement of Hurricane Suits
Mar 12 2007 // Louisiana’s state-run insurer has agreed to a mass settlement with more than 100 policyholders, a deal believed to be the first of its kind in the state since hurricanes Katrina and Rita spawned thousands of...
Dodd Blasts Insurance Industry Response to Hurricanes
Mar 12 2007 // U.S. Sen. Chris Dodd, a Democratic presidential hopeful, said he’s angry with the insurance industry’s response to the 2005 Gulf Coast hurricanes and said Mar. 9 he will hold senate committee hearings on...
N.Y. City, other U.S. centers need federal terrorism insurance to compete globally, says Supt. Dinallo
Mar 12 2007 // A continuing federal role in terrorism insurance is important so that U.S. financial centers including New York City can continue to compete with international markets, many of which are already covered by similar...
Industry gears up for more federal terrorism insurance debates
Mar 12 2007 // Advocates say the coverage still vital to national security and a long-term solution is needed Insurance industry advocates urged Congress yet again to continue with a federal government role in terrorism risk insurance...
N.Y. City, other U.S. centers need federal terrorism insurance to compete globally, says Supt. Dinallo
Mar 12 2007 // News Currents A continuing federal role in terrorism insurance is important so that U.S. financial centers including New York City can continue to compete with international markets, many of which are already covered by...
Multistate natural disaster proposal garners mixed reaction
Mar 12 2007 // News Currents Insurance officials in Florida, where a spate of hurricanes have set the industry into turmoil, pitched the idea recently of multistate insurance pools for natural disasters to their colleagues from across...
Chicago Exchange offering futures contracts on ’07 hurricanes
Mar 12 2007 // The Chicago Mercantile Exchange is launching contracts that will allow insurers and others to hedge risk against hurricane damage. The exchange, a unit of CME Holdings Inc., is teaming up with Carvill Group, a reinsurance...
Industry gears up for more federal terrorism insurance debates
Mar 12 2007 // News Currents Insurance industry advocates urged Congress yet again to continue with a federal government role in terrorism risk insurance and to examine long-term solutions before the current backstop legislation, the...
New AIG Unit Formed to Help Manage Terrorism Exposure and Risks
Mar 7 2007 // The AIG Companies announced the formation of AIG Homeland Security Solutions. The new specialty unit will provide access to insurance, risk management and security products and services to help companies work to prevent,...
Kentucky Guardsmen, Emergency Teams Practice Earthquake Drills
Mar 6 2007 // National Guardsmen and emergency management officials in 13 western Kentucky counties spent last week responding to an earthquake that hadn’t actually occurred. The exercise simulated response to a magnitude 7.5...
Hurricane Rita’s Claims Total $5.8B in Texas and Louisiana
Mar 6 2007 // The final tally for the cost of claims from Hurricane Rita in both Louisiana and Texas came to $5.8 billion. Hurricane Rita’s 120 mile per hour winds plowed into the Texas/Louisiana border on Sept. 24, 2005, one...
D.C. Chief Hampton Backs Terrorism Insurance, But Not National Cat Plan
Mar 6 2007 // Renewal of the federal Terrorism Risk Insurance Extension Act is “very, very important” for the District of Columbia, yet a federal government plan to help cover natural disasters would be unfair, in the eyes...
In Manhattan: Agents, Insurers Renew Call for Federal Terrorism Insurance
Mar 5 2007 // In the heart of the world’s financial markets, insurance agents and companies today urged Congress to protect the country’s economic stability by ensuring availability of terrorism risk insurance through a...
U.S. Needs Terrorism Insurance to Compete Globally, Says N.Y.’s Dinallo
Mar 5 2007 // A continuing federal role in terrorism insurance is important so that U.S. financial centers including New York City can continue to compete with international markets, many of which are already covered by similar...
March in Like a Lion in Alabama; Tornadoes Bring Death, Damage
Mar 2 2007 // A preliminary bulletin issued by Alabama Emergency Management Agency late Thursday reported that there were 17 confirmed deaths in Coffee County and one confirmed death in Wilcox County due to damage caused by tornadoes...
