Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Mass. AG Wants to Put Brakes on ‘Excessive’ Homeowners Insurance Rate
Nov 18 2011 // Massachusetts Attorney General Martha Coakley is urging the State Rating Board to hold a hearing to scrutinize the data insurers use to set homeowners insurance rates in her state. The Attorney General’s office says...
Connecticut Had 58,002 Claims for Irene, With $161M Paid Out So Far
Nov 16 2011 // Connecticut Insurance Commissioner Thomas Leonardi told a legislative committee that Connecticut saw 58,002 claims for Hurricane Irene. Of those claims, 84.8 percent have been closed (88 percent for homeowners’...
Swiss Re Places $130 Million Cat Bond for Hurricanes, European Wind
Nov 9 2011 // Swiss Re has obtained a further $130 million in protection through the Successor X Ltd. catastrophe bond program, which covers exposures to “North Atlantic hurricane and European windstorm.” Swiss Re noted that...
State Farm and Sen. Blumenthal Debate Hurricane Deductible
Nov 7 2011 // U.S. Sen. Richard Blumenthal (D-Conn.) recently called on State Farm to drop its hurricane deductible for Connecticut residences whose homes were damaged by Tropical Storm Irene. But State Farm shows no sign of giving in...
Florida’s Scott Wants Recommendations from Citizens by Dec. 6
Nov 3 2011 // Gov. Rick Scott wants the state-backed Citizens Property Insurance Corp. to recommend ways to shore up the troubled insurer. Scott, who would prefer the insurer be sold to a private company, wants answers from the...
50 Homes Added to Louisiana Hurricane Repair Program
Oct 28 2011 // Fifty additional homes have been added to a federal repair program for people in St. John the Baptist Parish, Louisiana, whose houses were damaged by Hurricanes Gustav and Ike. The Times-Picayune reports the parish council...
UPDATE: Hurricane Rina Bearing Down on Yucatan Peninsula
Oct 26 2011 // The latest report from the national Hurricane Center in Miami at 10:00 A.M. CD warns that the Mexican government “has issued a hurricane warning for the northeast coast of the Yucatan Peninsula from Cancun to San...
Hurricane Rina Strengthens off of Yucatan Peninsula
Oct 25 2011 // According to the most recent bulletin from the National Hurricane Center in Miami, issued at 11:00 EDT, Hurricane Rina was located about 300 miles, 480 km, east southeast of Chetumal Mexico, and about 305 miles, 490 km,...
FEMA, SBA Extend Deadline for Hurricane Aid in New Jersey
Oct 23 2011 // New Jersey residents and businesses battered by Hurricane Irene will now have more time to seek federal aid to help cover their losses. The Federal Emergency Management Agency and the Small Business Administration...
Louisiana’s Sen. Landrieu Announces $33.9M for Hurricane Katrina Recovery
Oct 21 2011 // U.S. Sen. Mary L. Landrieu, D-La., has announced more than $33.9 million in grants from the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) to repair New Orleans’ damaged water...
Florida Hurricane Fund Has $3.2 Billion Shortfall
Oct 20 2011 // Florida’s hurricane fund is confronting a potential $3.2 billion shortfall, financial experts said in a new estimate of the money available to the pool intended to help insurers make disaster payments. The fund was...
Bermuda Re/Insurers Announce Q3 Cat Loss Estimates
Oct 17 2011 // A number of Bermuda-based re/insurers have announced their respective loss estimates for the third quarter of 2011. The figures given include loss adjustment expenses, and are net of any applicable reinsurance recoveries,...
State Farm: Its Conn. Deductible Decision Grounded in Fairness
Oct 14 2011 // State Farm Insurance says U.S. Senator Richard Blumenthal’s request that the company drop Irene-related hurricane deductibles in Connecticut would actually be unfair to policyholders and introduce all sorts of...
Connecticut Regulators to Revise Hurricane Deductible Rules
Oct 14 2011 // Connecticut insurance regulators are working on revising hurricane deductible rules in the wake of tropical storm Irene. The insurance department spokesperson told Insurance Journal that the new rules under consideration...
AIR Estimates Insured Losses from Hurricane Jova at Less than $52 Million
Oct 14 2011 // Catastrophe modeling firm AIR Worldwide, estimates that insured losses caused by Hurricane Jova from flood-induced damage, as well as from some isolated wind damage along Mexico’s southern coastal areas, will be...
Sen. Blumenthal Asks State Farm to Drop Hurricane Deductible for Irene
Oct 13 2011 // U.S. Senator Richard Blumenthal (D-Conn.) called on State Farm Insurance to drop its hurricane deductible for Connecticut residences whose homes were damaged by Tropical Storm Irene. Blumenthal was joined at his Hartford...
AIR Analyzes Jova Damages
Oct 13 2011 // According to catastrophe modeling firm AIR Worldwide’s Dr. Tim Doggett, even though hurricane Jova has weakened to a tropical depression, it’s still capable of causing further damage. “Jova’s slow...
UPDATE: Hurricane Jova Hits Mexican Port; Kills Four; Mudslides in Central America
Oct 13 2011 // Hurricane Jova flooded the streets of Mexico’s main Pacific port with torrential rain Wednesday, inundating popular beach resorts and killing at least four people in mudslides. While Jova ravaged the coast, a...
Mississippi High Court Due to Rule in Wind-Water Insurance Case
Oct 12 2011 // A decision is pending from the Mississippi Supreme Court in another wind vs. water case, this one involving a Pascagoula home subjected to 6.3 feet of storm surge. The National Flood Insurance Program paid Jackson County...
UPDATE: Hurricane Jova Crosses Mexico’s Pacific Coast
Oct 12 2011 // Hurricane Jova made landfall as a Category Two storm on Mexico’s Pacific coast late Tuesday, threatening one of the country’s busiest cargo ports and tourist resorts with high waves, heavy rain and...
