Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
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...
Category 3 Hurricane Jova Targets Mexico’s Pacific Coast
Oct 11 2011 // Hurricane Jova bore down on the Pacific coast of Mexico Tuesday threatening to pound one of the country’s busiest cargo ports and tourist resorts with destructive waves, heavy rainfall and flooding. The Category 3...
Federal Assistance for Hurricane Irene Tops $5M for Conn. Residents
Oct 6 2011 // More than $5,089,356.61 in federal assistance to date has been approved to help Connecticut residents cope with their Tropical Storm Irene-related disaster expenses that are not covered by insurance. The federal assistance...
2011 Sets New Record for Federal Disaster Declarations
Oct 3 2011 // The year 2011 will go down as a record-setting year when it comes to federal disaster declarations, industry analysts say. With another three months left in 2011, and hurricane season continues until November 30, the...
Hurricane Ophelia Sweeps Past Bermuda, Heads North
Oct 3 2011 // Hurricane Ophelia swirled to the east of Bermuda Saturday, whipping up showers, thunderstorms and surf on the British overseas territory as it raced northwards over the Atlantic, forecasters said. Ophelia, the third major...
Florida in Danger, Warns Hurricane Fund Chief
Oct 3 2011 // Florida’s hurricane fund chief is warning that the state-created fund used to help insurers pay off claims after a big storm is in danger. The state has relied on a hurricane fund ever since Hurricane Andrew...
Hurricane Center Tracking Hurricane Hilary off Coast of Mexico; Atlantic Storms
Sep 27 2011 // The National Hurricane Center in Miami is currently tracking Hurricane Hilary in the Pacific Ocean off the west coast of Mexico and the Baja California Peninsula. The NHC’s latest bulletin, issued at 2:00 a.m. PDT,...
Marsh Advises Risk Managers As C-Suite Expectations Rise
Sep 22 2011 // Global insurance broker Marsh held a webcast on Sept. 21, where the firm’s analysts shared their views on the current business environment including the effects of Hurricane Irene and other catastrophes. The broker...
Florida Approves Use of Revised RMS Hurricane Model
Sep 22 2011 // A Florida state panel has approved the use of a new hurricane catastrophe model that is increasing many insurers’ exposure. The Florida Commission on Hurricane Loss Projection Methodology has approved the Risk...
Hurricane Center Tracking TS Ophelia; Poses No Immediate Threat
Sep 22 2011 // The National Hurricane Center in Miami is currently tracking the season’s latest named storm, Ophelia, the 15th of the current season. As of 5:00 a.m. AST it was about 1020 miles, 1640 kms, east-southeast of the...
Hurricane Maria Makes Landfall on Newfoundland; Now Post-Tropical
Sep 19 2011 // A report from catastrophe modeling firm AIR Worldwide notes that “Extratropical Storm Maria made landfall as a minimal Category 1 hurricane on Newfoundland’s Avalon Peninsula near Cape Pine on Friday afternoon...
