All the headlines from our Flood Topic Page, ordered by recency.
Nov 29 2002 // The Swiss Insurance Association has estimated that the recent flooding in the country’s alpine valleys has caused at least SwF 40 million ($27 million) in damages. According to a report from Dow Jones Newswire, the...
Nov 19 2002 // The Seibels Bruce Group Inc. of Columbia, S.C. completed a transaction with The Hartford Financial Services Group Inc., under which The Hartford acquired the right to renew or assume all of Seibels Bruce’s in-force...
Nov 11 2002 // Swiss Re has issued a new “Focus” report at the Baden-Baden reinsurance meetings urging the world’s reinsurers to “get-back-to-basics” in their approach to natural catastrophe underwriting as...
Oct 25 2002 // Swiss Re announced that it has issued a new “Focus” report at the Baden-Baden reinsurance meetings urging the world’s reinsurers to “get-back-to-basics” in their approach to natural...
Oct 23 2002 // Bermuda-based IPC Holdings, Ltd. joined the growing number of reinsurers celebrating a good third quarter, as the company announced that its net operating income, which excludes net realized gains and losses, was $46.6...
Oct 15 2002 // XL Capital Ltd. led off the Bermuda Angle Conference at the Fairmount Southampton Princess Hotel in Bermuda with the announcement that the company’s 3rd quarter earnings would be hit by an estimated net loss from the...
Oct 3 2002 // The Seibels Bruce Group Inc. and Selective Insurance Company of America announced that the letter of intent to transfer the former’s flood insurance servicing rights to the latter has been mutually terminated due to...
Oct 2 2002 // Selective Insurance Group Inc. of Branchville, N.J. announced its Selective Insurance Company of America subsidiary signed a letter of intent to acquire servicing rights to Siebels Bruce Group Inc.’s flood insurance...
Oct 1 2002 // Acting Louisiana Insurance Commissioner Robert Wooley upped the insured damages from Tropical Storm Isidore in southern Louisiana to $100 million, after the Department of Insurance compiled an an estimate of preliminary...
Sep 27 2002 // It may have been downgraded to a “Tropical Depression” by the National Hurricane Center, but Isidore has nonetheless brought heavy rains and created flood conditions to much of the Eastern U.S.After its first...
Sep 26 2002 // Settling a four-year legal battle, The Chubb Group of Insurance Companies and The Hartford Insurance Company have agreed to pay Reno/Tahoe International Airport a total of $22 million for a flood insurance claim related to...
Sep 25 2002 // Dallas-based NationWide Flood Research Inc. (NFRI) announced it has launched AtRisk, a three-step marketing service that helps insurance professionals locate potential customers and cross-sell flood policies to existing...
Sep 19 2002 // Bermuda’s ACE Limited announced today that an accumulation of losses resulting principally from the recent floods in Eastern Europe will impact operating income in the third quarter of 2002, by “approximately...
Sep 16 2002 // The floods that devastated Eastern Europe throughout August may have been caused by global warming, or by one of the 100-200 year storms probability theory predicts, or maybe just bad luck. They were in any case, the most...
Sep 13 2002 // Bermuda-based PartnerRe announced that it has reprinted its research report, “Floods – Causes, Effects and Risk Assessment, ” following the devastating flooding in Europe in August.Originally published in...
Sep 12 2002 // South Carolina-based Seibels Bruce Group Inc. announced that its subsidiary, South Carolina Insurance Company (SCIC), voluntarily agreed with the California Department of Insurance (CADOI) to cease and desist from...
Sep 12 2002 // The cost to France’s insurance industry from the severe flooding in three southeastern departments (See Insurance Journal Website Sept.10) will be around £150 million ($147 million) according to preliminary...
Sep 9 2002 // Bermuda’s PartnerRe upped its earlier loss estimate from claims due to the recent floods in Eastern Europe from around $100 million to between $110 and $120 million. Swiss-based Converium indicated its pretax losses...
Aug 28 2002 // The Seibels Bruce Group Inc. announced that it received a Consent Order issued yesterday from the Arizona Department of Insurance (AZDOI) suspending the certificate of authority held by its subsidiary, Consolidated...
Aug 22 2002 // Many analysts expect that the floods in Eastern Europe could end up costing the continent’s insurers as much as $3 billion, but two leading reinsurers, Hannover Re and Converium, both issued statements yesterday...