Latest Catastrophe Headlines
All the headlines from our Catastrophe Topic Page, ordered by recency.
Allstate drops Alaska earthquake coverage
Sep 4 2006 // Nearly 7,000 Alaskans will lose their earthquake insurance as their policies come up for renewal. Allstate Insurance Co. is cutting its optional earthquake coverage nationwide, and will drop this plan as policies come up...
Washington governor declares wildfire emergency
Sep 4 2006 // Washington Gov. Chris Gregoire declared a wildfire emergency as several large fires burned in the state and forecasters predicted more thunderstorms and high winds. “Numerous wildfires across Washington pose a...
The Commissioners
Sep 4 2006 // Oregon’s Experience: Addressing credit scores, health care and disclosure Insurance Journal’s Andrew Simpson at a recent meeting of the National Association of Insurance Commissioners. Here are additional...
Hurricane Katrina, a year later, another perspective
Sep 4 2006 // The Midwest is not affected by hurricanes or hurricane seasons because obviously our only coastal regions involve the Great Lakes, not oceans. The central region of this country does have its own natural disasters in the...
Texas A&M finds disaster preparedness lacking
Sep 4 2006 // Five years after 9/11 and one year after Hurricane Katrina, most companies have some form of disaster response plan in place; however, one out of four professionals responsible for corporate disaster preparedness efforts...
News Currents
Sep 4 2006 // Allstate drops Alaska earthquake coverage Nearly 7,000 Alaskans will lose their earthquake insurance as their policies come up for renewal. Allstate Insurance Co. is cutting its optional earthquake coverage nationwide, and...
News Currents
Sep 4 2006 // There are “35 million people living along the hurricane-prone coast that stretches from North Carolina to Texas. Half of these live in Florida, 10 million on the Atlantic coast and seven million on the Gulf coast....
Figures
Sep 4 2006 // 08/29/2006 The national day of remembrance for all the victims of Hurricane Katrina and those who gave of their time and energy to save lives and help rebuild. $57 billion The estimate of overall insured losses for damage...
James J. Donelon, Louisiana, Commissioner of Insurance
Sep 4 2006 // With his state still in recovery mode after last year’s Hurricanes Katrina and Rita, Louisiana Commissioner of Insurance Jim Donelon is arguably one of the busiest state insurance regulators in the U.S. While...
Texas A&M finds disaster preparedness lacking
Sep 4 2006 // Five years after 9/11 and one year after Hurricane Katrina, most companies have some form of disaster response plan in place; however, one out of four professionals responsible for corporate disaster preparedness efforts...
Hurricanes Katrina and Rita spawn legislation, bulletins in Miss. and La.
Sep 4 2006 // Hurricanes Katrina and Rita exposed many misconceptions and misunderstandings that consumers had, or claimed to have had, with respect to their insurance coverage for hurricane related damage. The aftermath of these two...
News Currents
Sep 4 2006 // Washington governor declares wildfire emergency Washington Gov. Chris Gregoire declared a wildfire emergency as several large fires burned in the state and forecasters predicted more thunderstorms and high...
Joel Ario, Oregon, Insurance Administrator
Sep 4 2006 // When looking at credit scoring, the affordability and availability of health care, or even the construction liability market, states often are better-equipped than the federal government to address the issues, according to...
Rates are softening
Sep 4 2006 // As the surplus lines world turns to another year of soft market conditions, specialists and innovators may be the ones to survive as increasing competition intensifies, according to excess and surplus lines brokers,...
First post-Katrina court decision a victory for insurers
Sep 4 2006 // On Aug. 15, 2006, a decision was handed down in the first post-Katrina insurance lawsuit to go to trial. Because there are thousands of lawsuits raising the same claims with millions, if not billions, of dollars at stake,...
Northeast leads in businesses buying property terrorism coverage
Sep 4 2006 // Nearly six in 10 large and mid-sized U.S. businesses obtained insurance to cover property terrorism risks during 2005, a dramatic increase from the 2003 average of 27 percent and up from 50 percent in 2004. A report from...
Editor’s Note: Hurricane Katrina, a year later, another perspective
Sep 4 2006 // The Midwest is not affected by hurricanes or hurricane seasons because obviously our only coastal regions involve the Great Lakes, not oceans. The central region of this country does have its own natural disasters in the...
UPDATE 5: Ernesto Strikes Carolinas; Heads Northwest
Sep 1 2006 // Tropical Storm Ernesto made landfall near Cape Fear along the coast of North Carolina at around 11:30 p.m. last night, lashing the region with high winds and heavy rains. More than eight inches/20.32 cms of rain reportedly...
UPDATE 1: Hurricane John Strengthens; Baja California Threatened
Sep 1 2006 // After losing some strength along the West Coast of Mexico, Hurricane John has again become a “dangerous category three hurricane on the Saffir-Simpson scale,” according to the latest bulletin (8:00 a.m. PDT)...
Katrina By the Numbers: $10.5 Billion in Claims Paid in Miss.
Aug 31 2006 // There have been 483,693 claims filed and more than $10.5 billion paid to Mississippians for Hurricanes Katrina and Rita, according to the Mississippi Insurance Department. Those numbers were as of August 1, 2006 and...
