Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
IIAA Looks at Terrorism Bill Vote as Momentum Builder
Nov 13 2001 // A vote by the House Financial Services Committee last week to approve legislation to aid insurance consumers following future terrorist attacks serves as a momentum builder on Capitol Hill, according to Independent...
NAMIC Addresses Capital Markets Panel Examining Availability of Terrorism Insurance
Nov 2 2001 // The executive vice president & general manager of North Carolina Farm Bureau Mutual Insurance Company will address the House Financial Services Capital Markets Subcommittee today on behalf of the National Association...
NAIC Outlines Principles for Federal Role in Terrorist Insurance Coverage
Oct 29 2001 // In Congressional testimony, National Association of Insurance Commissioners (NAIC) President and Kansas Insurance Commissioner Kathleen Sebelius outlined the NAIC’s suggested role for the federal government in...
Will Reinsurance Rebound from Terrorist Strikes in the U.S.’
Oct 29 2001 // If the nautical term best applied to the reinsurance industry last year this time would have been “Steady as she goes,” after the catastrophe that struck the U.S. on Sept. 11, the French term “sauve qui...
Federal Government, Insurers Debate Plan to Cover Future Terrorist Acts
Oct 29 2001 // The push is on for creation of a federal plan to deal with future terrorist attacks. The Bush Administration has come up with an alternative to the insurance industry’s initial proposal, which called for a terrorist...
IIAA Calls for Passage of Remedy to Terrorism Reinsurance Problems
Oct 26 2001 // In testimony submitted on Capitol Hill, the Independent Insurance Agents of America (IIAA) strongly urged Congress to pass legislation to remedy the availability of terrorism reinsurance in the wake of the Sept. 11...
Consumer Federation’s Terrorism Insurance Plan Based on ‘Wishful Thinking’
Oct 26 2001 // A proposal to establish a federal terrorism reinsurance program offered by the Consumer Federation of America (CFA) is based on faulty assumptions and wishful thinking, according to the National Association of Independent...
S&P: Maintenance of Ratings Depends on Mitigating Terrorism Risks
Oct 24 2001 // Wholesale withdrawal from terrorism coverage is shielding the U.S. insurance industry from widespread rating actions following the September attacks, but it leaves U.S. commerce highly vulnerable to any future acts of a...
Insurer Seeks Washington State Permission to Exclude Terrorism Acts
Oct 24 2001 // Philadelphia-based Ace USA is seeking permission from the Washington State Insurance Commissioner to exclude acts of terrorism from the policies it issues to businesses. According to a report in The Seattle Times, the...
Property Insurers to Exclude Acts of Terrorism, and to Price Premiums for Larger Maximum Losses Oct
Oct 22 2001 // Property and Casualty insurers, already wary of terrorism before the September 11 attack, are very likely to begin pricing “terrorist attack risk” separately from other coverages, according to a new forecast...
Federal Government Proposes Plan to Help Cover Future Terrorist Attacks
Oct 22 2001 // The Bush Administration has come up with an alternative to the insurance industry’s proposal for a terrorist risk pool in the event of further attacks. On Oct. 15, the White House proposed a plan that would divide...
Munich Re Calls for Fundamental Reorientation on Terrorist Risks
Oct 19 2001 // Munich Re has just released a preliminary study of the attack on the World Trade Center which contains not only a detailed analysis of what led to the collapse of the twin towers, but also states that “the private...
Federal Government Proposes New Plan to Help Cover Future Terrorist Attacks
Oct 18 2001 // The Bush Administration has come up with an alternative to the insurance industry’s proposal for a terrorist risk pool in the event of further attacks. On Oct. 15, the White House proposed a plan that would divide...
NYSID Warns Insurers to be Vigilant on Terrorist Accounts
Oct 17 2001 // Governor George Pataki and Insurance Commissioner Gregory V. Serio both reminded the insurance community that it is imperative to observe the restrictions contained in the Executive Order of September 24, blocking the...
NAII Suggests Claims Handling Strategies for Damages Connected to Terrorism Attacks
Oct 11 2001 // The National Association of Independent Insurers (NAII) outlined five specific recommendations to help victims and insurers expedite the claims process and streamline the financial recovery from terrorist attacks and other...
Industry, Legislators Ponder Formation of Terrorist Risk Pool
Oct 10 2001 // The idea of creating a federally backed insurance pool to guard against future acts of terrorism is gathering steam on Capitol Hill. The Wall Street Journal reported on Oct. 9 that top-level insurance executives and...
Will Reinsurance Rebound from Terrorist Strikes in the U.S.’
Oct 8 2001 // If the nautical term best applied to the reinsurance industry last year at this time would have been “steady as she goes,” after the catastrophe that struck the U.S. on Sept. 11, the French term “sauve...
NAII Offers Terrorism Reinsurance Proposal
Oct 5 2001 // The National Association of Independent Insurers (NAII) offered a proposal to address risks related to terrorism and other catastrophic losses in the wake of the World Trade Center disaster. In addition, the Association...
Maryland Seeks Federal Aid for Tornado Cleanup
Oct 4 2001 // In an effort to receive Federal assistance, Maryland Governor Parris Glendening asked that Prince George’s and Howard Counties be declared disaster areas following the extensive damages caused by a tornado last...
RiskMeter Forms Alliance with Eqecat to Provide EQ, Wildfire Risk Info
Oct 3 2001 // RiskMeter (http://www.riskmeter.com/), an online source for insurance professionals for automated property lookups, announced an alliance with EQECAT Inc. (http://www.eqecat.com) to provide earthquake and wildfire...
