Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Landrieu: Homeowners, Not Lenders, Entitled to Insurance Money
Sep 25 2012 // U.S. Senator Mary L. Landrieu, D-La., announced that the U.S. Department of Housing and Urban Development (HUD) has urged Federal Housing Administration (FHA) mortgage lenders to ensure that homeowners receive the...
2012 Hurricane Season Active at Halfway Point
Sep 24 2012 // At its midpoint, the 2012 Atlantic hurricane season has seen 14 tropical storms, with seven strengthening to hurricane status. According to catastrophe modeling firm Risk Management Solutions (RMS), the current hurricane...
Isaac Losses Won’t Strongly Impact P/C Industry in Louisiana
Sep 24 2012 // While insured losses in the United States from Hurricane Isaac likely will fall between $1 billion and $2 billion, according to some risk management experts, the storm’s impact will not severely impact the...
Isaac Costs Entergy at Least $400M
Sep 19 2012 // Entergy Corp. says its estimated damages from Hurricane Isaac range from $400 million to $500 million, and the storm is expected to reduce the utility’s third-quarter revenue. In a news release, Entergy said it will...
Hurricane Isaac Washed Away Alabama’s Sand Island
Sep 18 2012 // Sand Island along the Alabama coast has disappeared beneath the waves. The Sand Island Lighthouse is still standing alone in the water. But the island that was rebuilt by the U.S Army Corps of Engineers last year got...
Louisiana Citizens Pays $61M to Settle Katrina, Rita Claims
Sep 17 2012 // Louisiana’s insurance company of last resort agreed on Sept. 13 to settle two remaining class-action lawsuits tied to claims handled after Hurricanes Katrina and Rita. The board for the Louisiana Citizens Property...
Isaac Losses Won’t Strongly Impact P/C Industry in Louisiana
Sep 14 2012 // While insured losses in the United States from Hurricane Isaac likely will fall between $1 billion and $2 billion, according to some risk management experts, the storm’s impact will not severely impact the...
2012 Hurricane Season at Halfway Point
Sep 14 2012 // Thus far, the 2012 Atlantic hurricane season that is about at its midpoint has seen 14 tropical storms, with seven strengthening to hurricane status. According to catastrophe modeling firm Risk Management Solutions (RMS),...
Hurricane Isaac Insured Losses to Reach $1-$2 Billion: RMS
Sep 14 2012 // U.S. insured losses from Hurricane Issac’s wind and surge impacts on the U.S. Gulf Coast will fall between USD$1−2 billion, excluding rainfall driven flood losses and all National Flood Insurance Program losses,...
Today Marks 4 Years Since Ike Hit Galveston
Sep 13 2012 // There was a time Galveston tourism officials would avoid using the word Ike. Four years after the most devastating storm since Hurricane Carla struck the Texas Coast in 1961, Hurricane Ike is no longer talked about in...
Tropical Storm Leslie Brushes Bermuda, Heads Northeast to Newfoundland
Sep 10 2012 // The core of Tropical Storm Leslie passed 120 miles (200 km) east of Bermuda, bringing sustained winds of 39 mph (and gusts of up to 54 mph) and heavy rains to the island on Sunday, Sept 9. Leslie is currently accelerating...
Hurricane Ike Claims Still Being Filed Four Years Later
Sep 10 2012 // Nearly four years after Hurricane Ike made landfall near Galveston Island, coastal residents are still filing claims and hundreds of lawsuits. Most of the legal activity is aimed at the Texas Windstorm Insurance...
Lessons from Andrew
Sep 10 2012 // Hurricane Andrew hit South Florida with winds topping 160 mph on August 24, 1992, devastating several communities. According to Gary Kerney, of Verisk’s Property Claims Services, the insurance industry had never seen...
Disasters Happen
Sep 10 2012 // If it’s not one thing it’s another. Drought, wildfires, hurricanes, floods. Whatever happened to the lazy, hazy days of summer? Texas mostly dodged the drought and wildfire bullets this year, but the state...
Wind Claims from Hurricane Isaac Only Part of the Story
Sep 10 2012 // Insurance claims from Hurricane Isaac, which made landfall in far Southeast Louisiana on Aug. 28, could climb to $1.2 billion, according to one catastrophe modeling firm. AIR Worldwide estimated losses at $1.2 billion, but...
Analysis: Florida’s Insurers, Reinsurance and Catastrophic Storms
Sep 10 2012 // Since 1996, Demotech has rated most of the homegrown Florida domiciled insurers. Our efforts have focused on the assignment of Financial Stability Ratings® (FSRs) to all financially stable insurers, start-ups as well as...
Texas DA Investigating State Farm Hurricane Claims
Sep 9 2012 // Texas investigators have opened a criminal probe into how State Farm handled what may turn out to be thousands of insurance claims from Gulf Coast homeowners involving damage from Hurricane Ike in 2008, officials...
Criminal Investigation Launched Over Hurricane Ike Claim
Sep 7 2012 // Texas homeowner Jim Warner has been locked in a legal battle with State Farm over denial of insurance claims for the damages to his home from Hurricane Ike. That battle was just upgraded to a category five by the Travis...
Aon Benfield August Cat Report Focuses on Isaac; Insurance Cover Disparity
Sep 7 2012 // Aon Benfield’s latest edition of its Global Catastrophe Recap report, which reviews the natural disaster perils that occurred worldwide during August, notes that Hurricane Isaac was “the first land falling...
Commentary: World Economy Entering Into Financial Hurricane Season
Sep 7 2012 // The North Atlantic hurricane season runs from mid-August to October, with a strong peak in storm activity around the middle of September. A less familiar but even more destructive pattern of disturbances is the financial...
