Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
SAFECO ESTIMATES LOSSES FROM HURRICANE CHARLEY:
Sep 6 2004 // Seattle-based Safeco announced that claims stemming from Hurricane Charley are estimated at $45 million in pre-tax catastrophe losses. This figure represents the estimated losses both from claims received through Aug. 24,...
Caribbean Islands Brace for Another Hurricane; Ivan Now a Category 4 Storm
Sep 6 2004 // Predictions of a “busy” hurricane season are proving all too true. While Frances is still churning the waters of the Gulf of Mexico off the Florida panhandle, Ivan continues to gather strength off the coast of...
Dual Hurricanes Will Challenge Claims Handling Process
Sep 3 2004 // The historic one-two punch of Hurricanes Frances and Charley will make the claims handling process in Florida more difficult, but still manageable, according to the Insurance Information Institute (I.I.I.) The I.I.I....
A.M. Best Comments on Potential Rating Implications from Hurricane Frances
Sep 3 2004 // A.M. Best Co. has recently taken rating actions on several Florida insurance companies in response to their reduced risk-adjusted capitalization due to losses from Hurricane Charley, as well as potential exposure to...
RMS Estimates Potential Losses Ranging from $2 to $20 Billion for Hurricane Frances
Sep 3 2004 // Risk Management Solutions (RMS) has announced that potential insured losses could range from $2 to $20 billion based on the latest forecasts for Hurricane Frances. Uncertainty in the storm’s track and intensity...
Survey Finds Personal Finance Concerns Outweigh Fears of Terrorism; Mistrust of Insurers
Sep 2 2004 // Euro RSCG Worldwide, a leading integrated marketing communications agency, has released the results of an online survey of more than 13,000 respondents in six countries, which found that more people consistently fret about...
NHC Issues Hurricane Watch as Frances’ Threat to Florida Grows
Sep 2 2004 // The latest bulletin from the National Hurricane Center in Miami confirms that a “Hurricane Watch remains in effect for the Florida East Coast from Florida City Northward to Flagler Beach, including Lake...
Progressive Offers Tips to Keep Drivers and Vehicles Safe as Hurricane Frances Approaches
Sep 2 2004 // After Charley’s passage the Progressive Group of insurance companies, the third largest auto insurer in the U.S. and insurer of about one in 10 Florida drivers, has had a lot of experience with storm related...
Floridians: Prepare for Different Scenarios from Hurricane Frances
Sep 2 2004 // Hurricane Frances will likely affect the state of Florida in a variety of ways. While some areas will see high wind, others might be deluged with rain, while still more could have a mix of both. The Institute for Business...
Frances Now a Category 4 Hurricane; Aims Directly at East Coast of Florida
Sep 1 2004 // Hurricane Frances has strengthened substantially as it continues on a northwestern path over the open waters of the Northern Caribbean. Maximum sustained winds remain near 140 mph (220 km/hr) with higher gusts, making the...
Texas Insurance Industry Could Face Cash Crunch if Major Hurricane Hit
Sep 1 2004 // The Texas insurance industry could find itself in a cash crunch if a storm like Hurricane Charley hit the coast, and insurers could be forced to pass on the costs to homeowners across the state, industry officials...
UPDATE: Category 3 Hurricane Frances Still Heading towards U.S.
Aug 31 2004 // The National Hurricane Center’s latest bulletin on Hurricane Frances, issued this morning, confirmed that the storm is a category 3 hurricane, packing winds near 125 mph (205 km/hr.) with higher gusts. The NHC said...
Tropical Storm Hermine Heads for Northeastern U.S.
Aug 30 2004 // Although Tropical Storm Hermine is currently around 450 miles (720 kms.) off the coast of North Carolina, its projected path puts it on a course for the Northeastern U.S. by later this week. Hermine isn’t a...
Hurricane Frances Heading towards U.S.
Aug 30 2004 // The National Hurricane Center in Miami is currently tracking Frances, another powerful storm, which could strike the U.S. mainland by the end of the week. Frances is packing sustained winds of 125 mph (205 km/h) with...
Typhoon Chaba Hits Southern Japan
Aug 30 2004 // Typhoon Chaba, packing 130 mph (210 km/h) winds, struck the Southern Japanese Island of Kyushu earlier today, knocking out electrical power to some 300,000 homes, and causing 6000 people to be evacuated to higher ground,...
S.C Hit by Tropical Storm Gaston
Aug 30 2004 // South Carolina residents steeled themselves for a battering early Sunday as Tropical Storm Gaston, just under hurricane strength, picked up speed as it spun toward the South Carolina coast. Mayor Joseph P. Riley Jr., who...
Zenith Estimates Losses Related to Hurricane Charley
Aug 27 2004 // Zenith National Insurance Corp. reported its initial estimate of losses in its assumed reinsurance business attributable to Hurricane Charley. Zenith currently expects that its net after tax loss from Hurricane Charley...
European Insurers Consider Certain Terrorist Risk Exclusions for Airlines
Aug 26 2004 // Europe’s leading insurers are reportedly considering several clauses in airline insurance contracts that would exclude coverage for attacks involving chemical, biological and nuclear materials. The effort, headed by...
Shasta County Declared Disaster after Wildfires
Aug 26 2004 // Shasta County, California was named a state disaster area Aug. 25 after wildfires swept through several communities there earlier this month. The fires burned 23,000 acres, destroying 106 homes and several historic...
CNA Announces Preliminary Loss Exposure Estimate Related to Hurricane Charley
Aug 26 2004 // CNA Financial Corporation reported its preliminary estimate of net losses related to Hurricane Charley. While it is too early to estimate precisely the financial impact on CNA of this catastrophe, based upon information...
