Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
S&P Comments on Hurricane Jeanne’s $7 Billion Impact on U.S. P/C Insurers
Sep 28 2004 // Standard & Poor’s Ratings Services has issued a comment on the state of the U.S. property/casualty insurance industry and its short- and intermediate-term prospects in the wake of Hurricane Jeanne, the fourth...
$4.4 Billion Claims Expected for Hurricane Frances
Sep 27 2004 // Homeowners and businesses are expected to file claims totaling an estimated $4.4 billion for insured property losses from Hurricane Frances, according to a preliminary estimate by ISO’s Property Claim Services (PCS)...
Hurricane Jeanne Tears Fresh Path of Destruction Through Florida
Sep 27 2004 // Hurricane Jeanne, the fourth major hurricane in six weeks, shut down much of Florida and prompted recovery plans on a scale never before seen in the nation. At least six people died in the storm, which plowed across...
Insurance Claims Being Tallied for Four Hurricanes
Sep 27 2004 // Roofers and raw materials are scarce. Owners of storm-ravaged homes and businesses are grumbling about delays. And the combined number of insurance claims from Hurricanes Charley, Frances and Ivan is expected to overtake...
RMS Estimates $4 to $8 Billion Insured Losses from Hurricane Jeanne
Sep 27 2004 // Risk Management Solutions (RMS) estimates insured losses from Hurricane Jeanne will be between $4 to $8 billion, based on an assessment of the hurricane’s characteristics at the time of landfall and its projected...
EMC Notes Q3 Estimated Hurricane Losses
Sep 27 2004 // Iowa-based EMC Insurance Group Inc. has reported that losses associated with three of the four hurricanes that hit the southern United States during the third quarter of 2004 are estimated to total approximately $6.9...
Swiss Re Estimates Hurricane Ivan, Typhoon Songda Claims Around $300 Million
Sep 27 2004 // Swiss Re announced that, based on current estimates, it expects its claims related to Hurricane Ivan and Typhoon Songda to be approximately $300 million before tax. The bulletin noted that these estimates are in addition...
‘Hurricane Watch’ Likely for Florida
Sep 24 2004 // Although Hurricane Jeanne has weakened slightly, the storm’s maximum sustained winds are still near 100 mph (160 km/hr) with higher gusts. However, the National Hurricane Center’s latest bulletin warns,...
DriveSavers Offering Discounts for Hurricane Victims
Sep 24 2004 // DriveSavers Inc. a provider in data recovery services, is offering discounted data recovery service to hurricane and storm victims with computers that suffered damage from severe weather conditions in Florida, Mississippi,...
State Auto Expects at Least $32 Million in Hurricane Losses From Charley, Frances and Ivan
Sep 23 2004 // Columbus, Ohio-based regional property/casualty carrier State Auto Financial Corp. estimates that hurricanes Charley, Frances and Ivan, cumulatively, will contribute about $32 million to $36 million in pre-tax losses, or...
U.S. Labor Secretary Notes $10 Million Grant to Assist N.C. Workers Following Hurricanes
Sep 23 2004 // U.S. Secretary of Labor Elaine Chao visited Asheville, North Carolina on Thursday to survey hurricane damage and announce a National Emergency Grant of up to $10 million, with an initial release of $3.5 million. The grant...
RMS Unveils Global Terrorism Risk Model
Sep 23 2004 // Responding to increases in the frequency and severity of global terrorist activity in each of the past three years, Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe...
Insurers to Pay an Estimated $4.4 Billion for Claims From Hurricane Frances
Sep 23 2004 // Homeowners and businesses are expected to file claims totaling an estimated $4.4 billion for insured property losses from Hurricane Frances, according to a preliminary estimate by ISO’s (www.iso.com) Property Claim...
Ala. Hurricane Victims Get Grace Period on Premiums Following Ivan’s Visit
Sep 23 2004 // Alabama Gov. Bob Riley and Insurance Commissioner Walter Bell on Wednesday directed insurance companies in Alabama to provide a 60-day grace period on non-payment of premiums to citizens affected by Hurricane Ivan. The...
A Hurricane Season of Discontent; Lessons Learned in 2004
Sep 22 2004 // Prior to 2004, Florida had gone for five years without a significant hurricane. So it is of little surprise that the onslaught of this year’s three major hurricanes has caught all of us in the insurance industry a...
AIR Releases 2004 U.S. Storm, Terrorism Models
Sep 20 2004 // AIR Worldwide Corp. announced the release of its 2004 U.S. hurricane, earthquake, severe thunderstorm and terrorism models. The updated models reflect the latest scientific and engineering research into these perils, as...
Hurricanes Equal Crunch Time for Reinsurers
Sep 20 2004 // High-tech charts and up-to-the-minute data meticulously track Hurricane Frances as employees run storm simulations that pop out specific damage estimates for certain zip codes. The office is not run by a federal disaster...
Hurricanes Mean Crunch Time for Reinsurance Industry
Sep 20 2004 // High-tech charts and up-to-the-minute data meticulously track Hurricane Frances as employees run storm simulations that pop out specific damage estimates for certain zip codes. This office in Atlanta is not run by a...
Hurricane Spin-down Coverage
Sep 20 2004 // Nuts & Bolts: ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, introduced hurricane spin-down insurance that can be used by the chemical process industry to help reduce the financial...
Safeco Estimates Losses from Hurricane Frances
Sep 20 2004 // Seattle-based Safeco announced that its pretax catastrophe losses stemming from Hurricane Frances are estimated at $28 million. This figure represents the estimated losses both from claims received through Sept. 20, 2004...
