Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
Hurricane Juan Hits Canada’s Maritime Provinces
Sep 29 2003 // Hurricane Juan, a category 2 storm on the Saffir/Simpson scale with sustained winds of around 80 mph (130 kph), slammed into Nova Scotia and Prince Edward Island early this morning, bringing heavy rains and storm surge...
RMS Updates Insured Loss Estimate for Hurricane Isabel to $600M
Sep 24 2003 // Risk Management Solutions (RMS) released a revised loss estimate of $600 million for wind-related claims from Hurricane Isabel, updating its initial estimate of $500 million released on Sept. 17. The company also reported...
RMS Estimates Industry Losses of $500M from Hurricane Isabel
Sep 18 2003 // Risk Management Solutions (RMS) projected that Hurricane Isabel could cause insured losses in the $500 million range if the storm continues on its current track toward Cape Lookout in North Carolina. If the storm makes...
Terrorism Still a Concern, Alliance Says
Sep 18 2003 // Insurers must begin planning now for the expiration of a federal terrorism insurance backstop program, even though there’s no guarantee that reinsurance will be available if the federal backstop is allowed to expire...
The Hartford Details Hurricane Safety Precautions
Sep 16 2003 // The Hartford Financial Services Group has issued a bulletin warning home and business owners to take precautionary steps to prevent injury and minimize potential damage from Hurricane Isabel, which may threaten states...
85 Reported Dead, 30 Missing as Typhoon Strikes South Korea
Sep 15 2003 // Typhoon Maemi struck the Southeast corner of South Korea on Friday night with deadly consequences. The most powerful storm to hit the peninsula since records have been kept packed winds up to 134 mph (215 kph) and struck...
PartnerRe Weathers Hurricane Fabian
Sep 15 2003 // Bermuda-based PartnerRe Ltd. has issued a bulletin giving details on the impact of Hurricane Fabian, a Category 3 storm which hit the island on Friday, Sept. 5, 2003, with winds in excess of 140 mph (225 kmh), causing an...
Hurricane Isabel Now a Category 4 Storm
Sep 10 2003 // While Fabian has departed, his sister Isabel now poses a new threat. Currently located in the mid-Atlantic, about 875 miles (1410 kms) East-Northeast of the Leeward Islands, Isabel is a category 4 hurricane with sustained...
Four Missing as Fabian Slams Bermuda-Strongest Hurricane in 50 Years
Sep 8 2003 // Hurricane Fabian, a monster of a storm, packing winds of 120 mph (192 kph), slammed full force into Bermuda on Friday night, uprooting trees, downing power lines and causing extensive structural damage. Four people were...
Bermuda Braces for Hurricane Fabian
Sep 5 2003 // The latest advisory bulletin from Miami’s National Hurricane Center warns “powerful hurricane Fabian [is] taking aim at Bermuda,” and a “hurricane warning remains in effect” for the...
NYSID, ELANY Guidance on Terrorism Coverage Sets 25% Limit
Sep 5 2003 // The New York State Insurance Department announced that it has concluded a cooperation agreement with the Excess Lines Association of New York (ELANY), a member of an industry coalition, which will set standards by which...
Powerful Atlantic Hurricane Forms
Sep 2 2003 // A powerful hurricane with the somewhat unlikely name of “Fabian” is currently roiling the waters of the mid-Atlantic. The storm, located about 335 miles (540 kms) east-northeast of Barbuda in the Northern...
RMS Provides Risk Analysis for $100 Million Taiwan Earthquake Pool
Aug 28 2003 // Newark, Calif.-based Risk Management Solutions, a leading provider of products and services for the management of catastrophe risk, announced that it has provided the risk analysis for a securitization of insurance risk by...
Losses from Tropical Storm Bill Estimated at Almost $22M
Aug 19 2003 // Louisiana Insurance Commissioner Robert Wooley announced that new and final estimates by the state’s Department of Insurance show Tropical Storm Bill caused nearly $22 million in insured damages in...
Collins Associates’ Grant to Speak on Terrorism Reinsurance at Society of Actuaries Conference
Aug 18 2003 // Reinsurance brokerage provider John B. Collins Associates announced that Jim Grant, senior vice president, will speak on Terrorism Reinsurance for Health at the Society of Actuaries’ Valuation Actuary Symposium in...
CDS Business Mapping Expands Wildfire Coverage to Ariz., Colo., Wash.
Aug 11 2003 // CDS Business Mapping, a provider in online hazard mapping, announced the launch of its Wildfire Hazard Model for Arizona, Colorado, and Washington. The Wildfire Hazard Model consists of highly detailed maps that identify...
ALDOI Urges Homeowners to Review Hurricane Coverage
Aug 1 2003 // August ushers in the peak of hurricane season, so the Alabama Department of Insurance is asking Alabama homeowners to check their insurance policies in regards to hurricanes—particularly in the area of deductibles. In...
Mo. DOI to Hold Meetings for May Tornado Victims
Jul 23 2003 // Missouri Department of Insurance Director Scott Lakin announced that his staff will conduct “town hall” meetings Aug. 7 in Hillsboro and Aug. 11 in Stockton for Missourians who suffered tornado damage in early...
Claudette Downgraded to Tropical Storm
Jul 16 2003 // After briefly being considered a hurricane as it neared Baffin Bay to High Island, the National Weather Service relabeled Claudette a tropical storm as it hits South Texas, from Port Aransas to Freeport. The storm with...
RMS Releases First High Res Earthquake Model For Ins. Risk in Israel
Jul 15 2003 // Risk Management Solutions (RMS) nnounced the release of the RMS Israel Earthquake model. This model is the first to offer both high resolution and aggregate analysis capabilities for insurance and reinsurance risk...
