Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
8 La.’s Blanco: Industry over-reacting to hurricanes
Feb 25 2007 // Governor says state is making headway on storm protection 9 Ark. auto insurance fraud suspect turns self in Fraud ring allegedly scammed hundreds of thousands of dollars 10 New Orleans couple drops suit against Allstate No...
Editor’s Note: Should windstorm be added to the NFIP?
Feb 25 2007 // The agents’ association is concerned about lack of markets and affordable windstorm coverage for both homeowners and businesses, which it believes has reached crisis proportions in some states. U.S. Rep. Gene Taylor,...
8 Agents welcome windstorm debate
Feb 25 2007 // Insurers warn against subsidies 10 Safeco to cut homeowners, commercial rates 200,000 Calif. customers to benefit, company says 10 Ariz. lawmakers move to raise burden of proof on ER suits Identical bill vetoed by Gov....
Burns & Wilcox Offers Fire, Earthquake, DIC in Hawaii
Feb 23 2007 // Burns & Wilcox announced it now will provide personal lines fire, earthquake and DIC coverage in Hawaii. Coverage includes owners of primary, secondary, tenant-occupied and seasonally rented homes on the Hawaiian...
RenRe to Develop ‘WOW’ Hurricane Study Model
Feb 23 2007 // RenaissanceRe announced that it will participate in a project, conducted by Florida International University’s (FIU) International Hurricane Research Center (IHRC) and WeatherPredict Consulting, Inc., a U.S....
Multi-State Natural Disaster Insurance Plan Gets Cool Reception
Feb 22 2007 // 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 the...
Lawyer: La. Citizens Nearing Mass Settlement of Hurricane Suits
Feb 21 2007 // Louisiana’s state-run insurer is nearing a mass settlement with policyholders that would be the first deal of its kind in the state since hurricanes Katrina and Rita spawned thousands of lawsuits, an attorney for the...
Chicago Exchange, Carvill Ready Hurricane Futures for Insurers
Feb 20 2007 // The Chicago Mercantile Exchange, the largest derivatives exchange in the United States, announced last week that it is launching contracts that will allow insurers and others to hedge risk against hurricane damage. The...
La.’s Blanco: Insurance Industry Over-Reacting to 2005 Hurricanes
Feb 15 2007 // The insurance industry is over-reacting to Hurricanes Katrina and Rita, threatening the region’s recovery by withdrawing coverage and charging exorbitant rates, Gov. Kathleen Blanco told a gathering of insurance...
Earthquake Rattles Midwest City, Okla.
Feb 14 2007 // A small earthquake rattled the Midwest City, Okla., area Feb. 12, but no damage or injuries were reported, officials said. The magnitude 3.0 earthquake occurred at 12:33 p.m., 31/2 miles west of Midwest City, according to...
Close to New Madrid Fault, Memphis Undertakes Earthquake Planning
Feb 13 2007 // Shelby County, Tennessee emergency planners must identify “pinch points” that are most vulnerable to earthquake damage, Mayor A C Wharton says. “The best safety tool we have is to be aware of what we can...
Don’t be fooled: Extreme weather, terrorism risks not going away
Feb 12 2007 // Now is no time to ease up on loss prevention, warns risk expert. The insurance industry and its customers must not let down their guard concerning loss prevention despite a mild hurricane season and a quiet time on the...
Lessons learned from 2005’s Katrina and 2006’s calm hurricane season
Feb 12 2007 // It’s been more than a year since Katrina made landfall and businesses are still recovering. Then the 2006 Atlantic hurricane season came and went with barely a blip — despite initial projections by some that...
Forecasters predict active hurricane season to come in 2007
Feb 12 2007 // Atlantic basin and U.S. hurricane landfall expected to be up 60 percent above normal A return to high hurricane activity in 2007 is likely following the below-average 2006 hurricane season, according to the consortium of...
P/C industry may be long overdue for massive losses from an extreme “great” earthquake
Feb 12 2007 // >Study says industry could suffer from a $100 million loss The U.S. property/casualty insurance industry is long overdue for heavy losses from a massive earthquake, reports A.M. Best in its recent “2006 Annual...
Top 10 tornado cities
Feb 12 2007 // The violent thunderstorms in Central Florida in early February, spawned powerful tornadoes that killed at least 20 people is a deadly reminder of the constant threat insurers face against tornado exposures. Tornado-related...
Don’t be fooled: Extreme weather, terrorism risks not going away
Feb 11 2007 // The insurance industry and its customers must not let down their guard concerning loss prevention despite a mild hurricane season and a quiet time on the terrorism front in the U.S., advises an expert in risk and...
Don’t be fooled: Extreme weather, terrorism risks not going away
Feb 11 2007 // The insurance industry and its customers must not let down their guard concerning loss prevention despite a mild hurricane season and a quiet time on the terrorism front in the U.S., advises an expert in risk and...
Lessons learned from 2005’s Katrina and 2006’s calm hurricane season
Feb 11 2007 // It’s been more than a year since Katrina made landfill and businesses are still recovering. Then the 2006 Atlantic hurricane season came and went with barely a blip — despite initial projections by some that...
Forecasters predict active hurricane season to come in 2007
Feb 11 2007 // A return to high hurricane activity in 2007 is likely following the below-average 2006 hurricane season, according to the consortium of experts on insurance, risk management and seasonal climate forecasting led by the...
