Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
RMS: Potential Losses for Hurricane Ivan, $2 to $7 Billion
Sep 17 2004 // Risk Management Solutions (RMS), reported that insured losses from Hurricane Ivan in the U.S. are likely to range from $2 to $7 billion, based on updated information on landfall location and wind speeds. Additional insured...
Fitch Estimates Ivan May Become Second Costliest Hurricane For U.S. P/C Insurers
Sep 17 2004 // Chicago-based Fitch Ratings has issued some preliminary comments on the extent of the losses from Hurricane Ivan’s destructive rampage through Alabama, Florida and other Gulf Coast States. Fitch noted that...
Florida CFO Reports Progress in Emergency Response Efforts in Wake of Hurricane Ivan
Sep 17 2004 // Florida’s Chief Financial Officer Tom Gallagher, who also serves as the State Fire Marshal, on Friday offered an update on search and rescue efforts and thanked emergency responders for their crucial, life-saving...
Aftermath of Ivan: Hundreds of Thousands Without Power, Heavy Rains Continue
Sep 16 2004 // Hurricane Ivan slammed ashore in Gulf Shores, Ala., early Thursday with winds of 130 mph, packing deadly tornadoes and a powerful punch of waves and rain that threatened to swamp communities from Louisiana to the Florida...
Fla. CFO Sends Specialists in to Help Residents Suffering From Ivan’s Wrath
Sep 16 2004 // Florida’s Chief Financial Officer Tom Gallagher expressed his concern for Floridians who suffered the loss of loved ones or damage to their homes and property due to Hurricane Ivan. Gallagher is sending insurance...
President Bush Declares Third Major Disaster for Florida as Result of Ivan
Sep 16 2004 // The head of the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced today that President Bush has ordered the release of all necessary federal disaster aid resources for...
RMS: Potential Losses for Ivan $4 to $10 Billion
Sep 15 2004 // Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, said that insured losses in the U.S. could range from $4 to $10 billion if Hurricane Ivan follows the latest...
Ivan Sets His Sights on Gulf Coast; Residents from Florida to Louisiana Get Suitcases Packed
Sep 14 2004 // Having left a swath of destruction from Grenada to Cuba, Hurricane Ivan turned its sights on the Florida Panhandle west to New Orleans on Tuesday, forcing thousands to pack what they could and head for higher ground. More...
The Allstate Foundation Extends Portion of Fund to Help Hurricane Victims
Sep 14 2004 // The Allstate Foundation will extend $200,000 from the $1 million fund established at the Southwest Florida Community Foundation to reportedly aid in the rebuilding and recovery of victims of the recent hurricanes. The...
S&P Concerned by Hurricane Ivan; “Challenges Insurers’ Predictive Models”
Sep 13 2004 // Standard & Poor’s Ratings Services has issued a bulletin indicating that it “views the approach of Hurricane Ivan, which is projected to be moving toward Florida, with concern.” Reinstatement...
EQECAT Says Ivan Landfall Would Be a ‘1 in 50 Year’ Series of Storm Events
Sep 10 2004 // It may come as small comfort to Florida’s storm-battered residents, but Thomas Larsen, senior vice president of EQECAT Inc., the Oakland Calif.-based catastrophe modeling specialist, announced that a Florida landfall...
Fla. Storm Victims Facing Double Deductibles from Hurricanes Charley, Frances
Sep 10 2004 // Florida CFO Tom Gallagher released a statement this week as the Sunshine State took a hit from Hurricane Frances, meantime keeping a watchful eye out for Hurricane Ivan, which was possibly headed for the Florida Keys by...
The Midland Co. Projects Frances Losses
Sep 10 2004 // The Midland Company, an Ohio-based provider of specialty insurance products and services, today reported projected losses from Hurricane Frances. “Based on the information received to date, we expect to incur pre-tax...
AIR Worldwide Reports Fla. Losses at $5 Billion to $10 Billion from Frances
Sep 9 2004 // While significantly less intense than Hurricane Charley in terms of sustained wind speeds at landfall, AIR Worldwide estimates that total insured losses for Florida from Frances will fall within a very similar range:...
Sunshine State Insurance Co. Reports Frances Losses in Area of $700,000
Sep 8 2004 // Florida-based Sunshine State Insurance Company announced its preliminary estimates of net losses related to Hurricanes Charley and Frances. While it is too early to estimate such losses precisely for these recent...
Hard-Hit Floridians Can Turn to FEMA Grants, SBA Loans to Recover From Hurricanes
Sep 8 2004 // While insurance payments will reportedly help most Floridians recover from the financial losses inflicted by Hurricanes Charley and Frances, government grants and low interest loans will be available to help pay for the...
Florida CFO Accompanies President, Governor to Tour Storm-Damaged Sunshine State
Sep 8 2004 // Florida’s Chief Financial Officer Tom Gallagher accompanied President George W. Bush and Governor Jeb Bush on a tour of storm-affected areas along the east coast Wednesday. Gov. Bush and Gallagher also visited the...
Cunningham Lindsey U.S. Adds Resources in Fla.
Sep 8 2004 // Dallas-based Cunningham Lindsey U.S. Inc. (CLUS) announced that in the wake of historic dual hurricanes in Florida, it has mobilized additional experienced claims professionals, supervisors and support staff into the...
Frances Crosses Florida Panhandle; RMS Loss Estimate $3 to $6 Billion
Sep 7 2004 // A greatly diminished tropical depression Frances came ashore in the Florida Panhandle early Monday night. With winds down to around 35 mph (56 km/hr), Frances posed more of a threat from heavy rainfall, surging tides and...
21st Century Notes Frances Losses
Sep 7 2004 // Florida-based 21st Century Holding Co. has reported losses related to Hurricane Frances which made its way through the Sunshine State in recent days. Edward (Ted) Lawson, president and chairman of the Board of 21st Century...
