Latest Windstorm Headlines
All the headlines from our Windstorm Topic Page, ordered by recency.
Tornado in Ky. Brings $500,000 in Damage
Jan 15 2008 // Weather officials have confirmed a tornado touched down and caused damage last week in south central Kentucky. A storm survey team with the National Weather Service rated the tornado an EF-1, with maximum wind speeds of...
Risk Management Solutions Warns of Costly Repeat of 1998 Ice Storm
Jan 14 2008 // Risk Management Solutions (RMS) has released a 10-year retrospective report on the 1998 Ice Storm that devastated the Canadian provinces of Ontario and Quebec, as well as portions of the northeastern U.S., in January 1998....
Risk Management Solutions Comments on French Windstorm Securitization
Jan 14 2008 // Risk Management Solutions gave details of the recent analysis it conducted for a securitization of windstorm risk in France. The securities were issued through Green Valley Ltd., a special purpose vehicle (SPV), and...
New Tools Available For Pricing Winter Storm and Fire Risk
Jan 13 2008 // While winter storms do not attract the attention of mega-catastrophes such as hurricanes and earthquakes, these smaller events can add up to impact insurers’ bottom lines. However, insurers can now avail themselves...
New Tools Can Help Underwrite, Price Winter Storm and Fire Risk
Jan 13 2008 // While winter storms do not attract the attention of mega-catastrophes such as hurricanes and earthquakes, these smaller events can add up to impact insurers’ bottom lines. However, insurers can now avail themselves...
Industry, Residents Assessing West’s Winter Storm Damage
Jan 13 2008 // While it’s too soon to tally insured loss estimates from early winter storms that struck the West in January, residents who fled their homes due to flooding are facing damages, all while the National Weather Service...
California State Fund Offers Credit Extension to Storm Victims
Jan 10 2008 // California’s State Compensation Insurance Fund announced it will extend credit to policyholders who have suffered a financial loss or business disruption caused by recent wind and rainstorms that struck the counties...
West Storm Losses Could Reach $600 Million
Jan 10 2008 // Catastrophe risk modeling firm Air Worldwide estimates insured losses from the recent west coast winter storm that occrred January 4-8 could reach as high as $600 million, with the vast majority of those losses in...
Nevada Allows Nonresident Adjusters to Assist with Storm Claims
Jan 9 2008 // Due to the damages caused by the rain, heavy snow and high winds in the projected series of storms in northern Nevada last weekend, Commissioner of Insurance Alice A. Molasky-Arman has given temporary approval for...
Swiss Re Places $294 Million French Windstorm Bonds
Jan 8 2008 // Swiss Re announced that it has successfully structured and placed €200 million ($294 million) of securities covering windstorm events in France. The deal forms part of a three-year reinsurance agreement between Swiss Re...
Residents, Industry Analysts Evaluating Western Storm Damage
Jan 8 2008 // While it’s too soon to tally insured loss estimates, Nevada residents who fled nearly 300 homes flooded when a canal’s earthen bank collapsed are returning to their homes where they will face damage left by the...
Kansas 2007 Storm Damage Totals Top $625 Million
Jan 4 2008 // Damage from an ice storm that hit Kansas in early December pushed the 2007 total to more than $625 million in reimbursable losses. But the state adjutant general’s office warned Wednesday that the numbers would...
New Mexico Residents Still Recovering from March 2007 Tornado
Jan 3 2008 // Jim and Iris Blevins still think of their modest tan house surrounded by trees as their real home, but nowadays they live in a fifth-wheel behind the house — one of hundreds of eastern New Mexico homes damaged by...
Washington Makes Insurance Plea for Storm Damage Victims
Dec 28 2007 // Washington Insurance Commissioner Mike Kreidler has asked insurance companies and other regulated entities to take voluntary steps to ensure that homeowners, businesses and consumers affected by December’s winter...
Hawaii Authorizes Adjusters to Assist with Storm Claims
Dec 28 2007 // Hawaii’s Department of Commerce and Consumer Affairs (DCCA) Insurance Division has issued an order to authorize additional nonresident independent adjusters to help homeowners and businesses with their insurance...
New Tools Can Help Underwrite, Price Winter Storm and Fire Risk
Dec 28 2007 // While winter storms do not attract the attention of mega-catastrophes such as hurricanes and earthquakes, these smaller events can add up to impact insurers’ bottom lines. However, insurers can now avail themselves...
Mo. Governor Seeks Disaster Declaration for Counties Affected by Ice Storms
Dec 27 2007 // Gov. Matt Blunt is seeking a federal disaster declaration for public aid to 42 counties as a result of winter storms that hit Missouri this month. Blunt said that preliminary inspections found more than $28 million in...
Tornadoes Take Their Toll
Dec 23 2007 // While hurricanes stayed away, tornadoes did not. Powerful tornadoes killed at least 20 people and left a swath of central Florida in shambles in early February. It was the second-deadliest tornado in Florida history....
Ice Storms Across Plains, Midwest Ground Airliners, Turn Deadly
Dec 23 2007 // Ice storms slickened roads and sidewalks, grounded hundreds of flights, and cut power to tens of thousands beginning Dec. 9 as the storms swept across the Southern Plains to the Great Lakes. The wintry weather continued...
Ice Storm Damages in Nebraska Reach $2.3 Million
Dec 20 2007 // New figures show about $2.3 million in damages from last week’s ice storm in southeast Nebraska. It’s more than double the figure released last week, which didn’t include damage in Falls City, the area...
