Latest Natural Disasters Headlines
All the headlines from our Natural Disasters Topic Page, ordered by recency.
Calif. Earthquake Authority Selects Financial Modeler
Jan 17 2001 // As the California Earthquake Authority continues its strategic planning process, its most recent step was to select Paratus Consulting, a newly founded San Francisco-based consultancy, as its financial modeler. Paratus...
Northridge Earthquake Class Action Suit Filed Against 21st Century
Jan 4 2001 // A class action lawsuit was filed Tuesday against 21st Century Insurance Co. on behalf of policyholders who filed timely property damage claims stemming from the 1994 Northridge earthquake but whose claims were mishandled,...
Munich Re Survey Shows Natural Disasters Increase – Less Losses
Dec 29 2000 // Munich Re has released a survey of the natural disasters which occurred in the year 2000, citing over 850 worldwide catastrophes, 100 more than last year, but finds that the economic consequences were less, as many of them...
Gray Predicts Relatively Quiet 2001 Hurricane Season
Dec 8 2000 // After six years that set a record for Atlantic Basin tropical storms and hurricane activity, William Gray and his associates at Colorado State University are calling for a season slightly below the long-term average. For...
Arrowhead Adds New Senior V.P. to Earthquake Division
Dec 5 2000 // San Diego-based Arrowhead General Insurance Agency Inc. announced that Steve Bouker joined the company as senior vice president of the newly formed Residential Earthquake Division. Bouker, who was previously with Pacific...
AGF To Issue Wind/Earthquake Cat Bonds
Nov 23 2000 // AGF/IART, a unit of AGF the French arm of Germany’s Allianz, will issue natural catastrophe securities covering windstorm damages in France and earthquake risks in Europe through Mediterranean Re, a special purpose...
Future of Calif. Earthquake Authority Remains Hot Topic of Debate
Oct 31 2000 // Treasurer Phil Angelides has indicated recently that he has some concerns about the stability of the California Earthquake Authority. He made his fears public Oct. 26, sending out a letter to lawmakers calling for a...
S&P Confirms Earthquake Didn’t Trigger Japanese Cat Bonds
Oct 10 2000 // While the earthquake which struck Western Japan last week was very strong, measuring 7.3 on the Japanese Meteorological Agency scale, it was extremely deep, and the epicenter was far from a major population center –...
7.1 Earthquake Jolts Japan
Oct 6 2000 // An earthquake measuring 7.1 on the Richter Scale jolted southwestern Japan in the early afternoon Friday, but early reports indicate it caused only moderate damage. According to the BBC, the quake, which lasted about 40...
Industry Tallies Ohio Tornado Losses
Sep 28 2000 // The combined damage caused by a tornado that ripped through Xenia, Ohio Sept. 20 and storms in several other counties, has been estimated at more than $33 million in insured losses, according to the the Ohio Insurance...
Hundreds of Homeowners Awarded Earthquake Retrofit Grants
Sep 13 2000 // Acting Insurance Commissioner J. Clark Kelso announced the award of 429 new earthquake retrofit grants to low- to moderate-income California homeowners in Fresno, Kern, Kings, Los Angeles, San Bernadino, San Mateo and...
Typhoon Rains Paralyze Japan
Sep 12 2000 // Extremely heavy rains caused by Typhoon Saomai hit central Japan, causing widespread destruction and four deaths. A record 9.3 cms. (more than 3 1/ inches) fell in an hour, paralyzing transport and forcing thousands to...
CDI Adds Earthquake Link to Website
Sep 11 2000 // The California Department of Insurance (CDI) recently added a new link to its website, www.insurance.ca.gov, to help people affected by the Youngville/Napa earthquake. The advisory provides links to the California Office...
WILDFIRES WON’T QUIT
Sep 4 2000 // Nearly 65,000 wildfires have burned more than 4.3 million acres this year, causing an estimated $100 million in insured property damage, according to the Insurance Information Institute (I.I.I.). Currently, 82 wildfires...
Swiss Re Offers Expert Advice on Hurricanes, Twisters, Space Weather
Aug 18 2000 // Swiss Re announced that it “has experts available to speak on the risks and costs associated with natural catastrophes and other important topics impacting individuals, businesses and the environment around the...
An Estimated $100 Million in Insured Losses Ignited by Wildfires
Aug 15 2000 // Nearly 65,000 wildfires have burned more than 4.3 million acres this year, causing an estimated $100 million in insured property damage, according to the Insurance Information Institute (I.I.I.). Currently, 82 wildfires...
Report Japan Earthquake Worries
Aug 14 2000 // A report by the Associated Press reveals increasing concern in Japan that “a big one” may occur at any time, and could reach or exceed the level of the 1923 earthquake which killed over 100,000 people in Tokyo...
Montana State Auditor Orders Insurers to Drop Wildfire-Related Moratoriums
Aug 4 2000 // State Auditor Mark O’Keefe told all property and casualty insurance companies doing business in Montana to lift all blanket wildfire-related moratoriums on new or increased levels of property insurance, or face...
Western States Blazing Away in Summer Wildfires
Aug 3 2000 // Thirty-five major wildfires are blazing across the Western states in the dry months of late summer, according to the National Interagency Fire Center in Boise, Idaho. The fires are currently being tackled by 20,000...
Minnesota Tornado Damage Estimated at $8.1 Million
Jul 28 2000 // The tornado that pummeled Granite Falls, Minn. earlier this week is estimated to have caused $8.1 million in damage to homes and other property. Homeowners suffered $3 million in losses and $2.8 million in damage to...
