Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
Report German Gov’t. Seeks Two Month Extension for Airline Terrorist Coverage
Oct 29 2002 // Germany’s newly reelected government has reportedly asked the European Commission (EC) for permission to extend emergency terrorist risk coverage to the country’s airlines until the end of the year. The EC...
Sears Tower Lessor Faces Problem of Terrorist Threat
Oct 29 2002 // Trizec Properties, Inc., which currently manages leasing at Chicago’s Sears Tower, and is scheduled to take over control of the 110-story building next January, is reportedly having second thoughts about the deal due...
Windstorms Batter U.K., France
Oct 28 2002 // Emergency Workers in Southern England and Northwest France were busy Monday morning cleaning up the debris and beginning infrastructure repairs after the passage of a powerful windstorm over the weekend blew down power...
Terrorism Deal for Real’
Oct 28 2002 // By the time this issue of Insurance Journal lands on your desk, federal lawmakers probably won’t have passed legislation that would provide a backstop for terrorism insurance. But they are very close. It’s...
Who You Going to Call When There’s An Earthquake’
Oct 28 2002 // Insurance Journal senior writer Dave Thomas recently interviewed Dan Dyce, Disaster Response Manager for the California Earthquake Authority (CEA). In this capacity, Dyce, who has been in the industry 29 years, coordinates...
Terrorism Deal for Real’
Oct 28 2002 // By the time this issue of Insurance Journal lands on your desk, federal lawmakers probably won’t have passed legislation that would provide a backstop for terrorism insurance. But they are very close. It’s...
S&P’s: Federal Terrorism Coverage a Concern for Insurer Ratings
Oct 22 2002 // The introduction of federal terrorism coverage could tempt some insurers into taking on exposure irresponsibly and have the perverse effect of casting doubt on ratings, according to a Standard & Poor’s...
La. Commission Updates Hurricane Estimates
Oct 18 2002 // Acting Commissioner of Insurance Robert Wooley announced that based on current industry loss data, the Department of Insurance estimates that Hurricane Lili caused $70 million in insured damages in Louisiana and Tropical...
IIABA Applauds Agreement on Terrorism Insurance
Oct 18 2002 // The Independent Insurance Agents & Brokers of America (IIABA) is praising President George W. Bush’s leadership and commending Congressional leaders for uniting to reach an agreement on pending terrorism...
ISO Estimates Insurers Will Pay $335M from Hurricane Lili’s Damage to Insured Property
Oct 17 2002 // Insurers are expected to pay $335 million to homeowners and businesses for insured-property losses from Hurricane Lili that struck Louisiana and Mississippi on Oct. 3, according to estimates by the Insurance Services...
AAI Applauds Tentative Deal on Terrorism Bill
Oct 17 2002 // The Alliance of American Insurers has applauded a tentative agreement by the White House and House and Senate leaders in support of a terrorism insurance bill. “We are anxious to see the final details in writing, but...
NAII Calls on Congress to Act on Terrorism Reinsurance Legislation Before Adjournment
Oct 16 2002 // If Congress adjourns without reaching a final agreement on terrorism reinsurance legislation, insurance markets for such coverage will continue to be plagued by availability and affordability issues, particularly for...
Hiscox Launches New System for U.S. Terrorism Insurance
Oct 14 2002 // London-based Hiscox Plc, which operates in both the Lloyd’s and specialty lines markets, announced the launch of a unique broker “extranet system” to provide solutions for U.S. clients requiring terrorism...
Voodoo, Hurricanes and Insurance… in the Big Easy
Oct 14 2002 // AAMGA. ASCnet. NAPSLO. NAII. The Big I. And the list goes on… Each year, the insurance industry receives plenty of invitations to the industry’s biggest conventions, as well as countless local meetings to...
Voodoo, Hurricanes and Insurance… in the Big Easy
Oct 14 2002 // AAMGA. ASCnet. NAPSLO. NAII. The Big I. And the list goes on… Each year, the insurance industry receives plenty of invitations to the industry’s biggest conventions, as well as countless local meetings to...
Investigators Confirm French Supertanker Was Hit by Terrorist Attack
Oct 11 2002 // An official bulletin from the French Foreign Ministry confirmed that a team of French and U.S. investigators had found definitive evidence that the explosion and fire that engulfed the supertanker Limburg in the Gulf of...
Fitch Ratings Expects Low Losses From Hurricane Lili
Oct 10 2002 // Fitch Ratings announced the release of a special report titled, “Hurricane Lili: Storm Weakens before Landfall, Low Insured Losses Expected as a Result,” which predicts damages from the hurricane will not...
NAMIC Urges Conferees to Complete Action on Terrorism Reinsurance Program
Oct 10 2002 // In a letter hand delivered to all terrorism reinsurance conferees, the National Association of Mutual Insurance Companies (NAMIC) and two other industry trade associations stated the critical nature of terrorism...
I.I.I. Estimates $600M in Claims from Hurricane Lili
Oct 7 2002 // Estimates from the Insurance Information Institute (I.I.I.) say that U.S. insurers could pay $600 million in claims as a result of Hurricane Lili, which began its attack on the Gulf Coast last week, and has continued with...
Tanker Attack Terrorist Connection May Raise Rates
Oct 7 2002 // Authorities are examining the circumstances surrounding the explosion and fire that ripped through the French supertanker Limburg on Sunday morning in the Gulf of Aden off the coast of Yemen. While all but one of the crew...
