Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Florida Consumer Chief Backs Double-Digit Hikes for Allstate
Jul 22 2011 // Florida’s consumer advocate says Allstate’s two Florida home insurers are among the state’s best run and deserve double-digit rate increases along the lines they have requested. The Allstate units, Castle...
Post-Loss Assignments of Claims Under Insurance Policies
Jul 18 2011 // In the settlement of lawsuits involving insured claims, it is not uncommon that one condition of the settlement is that the defendant assign his or her claims under all applicable insurance policies to the party that filed...
Analysis: Reinsurers at Risk If Hurricane Season Is Big
Jul 18 2011 // A major hurricane landfall in Florida could strain leading global reinsurers that have already been buffeted by brutal tornadoes in the United States and earthquakes in Japan and New Zealand. The biggest reinsurers,...
Hurricanes Could Alter Insurance Markets
Jul 18 2011 // Reacting to the recent spate of major natural catastrophes, insurers are being more selective in the capital they deploy and have in some cases withdrawn from catastrophe affected regions and loss-making sectors of...
Willis’ ILS Report Sees Increased Investor Interest in Cat Bonds
Jul 14 2011 // A new report from Willis ILS – Investors Eager for Cat Bonds Following Light Second Quarter Issuance – concludes that, despite, or perhaps due to the catastrophes experienced during the first quarter of 2011,...
U.S. Hurricane Season Could Be Market Tipping Point: Marsh
Jul 11 2011 // Reacting to the recent spate of major natural catastrophes, insurers are being more selective in the capital they deploy and have in some cases withdrawn from catastrophe affected regions and loss-making sectors of...
Florida Officials Fret Over Home Insurance Assessments
Jul 4 2011 // Two weeks into a new hurricane season, Florida officials are continuing to express their concerns over possible policyholder assessments by Citizens Property Insurance despite the relative financial strength of the...
Analysis: Reinsurers at Risk If Hurricane Season Is Big
Jul 1 2011 // A major hurricane landfall in Florida could strain leading global reinsurers that have already been buffeted by brutal tornadoes in the United States and earthquakes in Japan and New Zealand. The biggest reinsurers,...
TS Arlene Lashes Central Mexico with Heavy Rains
Jun 30 2011 // Large swathes of central Mexico were hit by torrential rains as Arlene, the first tropical storm of the Atlantic hurricane season, touched down near coastal sand barrier Cabo Rojo Thursday. Mexican officials advised...
Eqecat Set to Release 3 Revised Catastrophe Models
Jun 29 2011 // Catastrophe risk modeler Eqecat has scheduled July 15 as the date to release three significant revisions to its Worldcatenterprise 3.16 platform. The updates cover Eqecat’s North Atlantic hurricane model, its Canada...
Analysts Debate Outlook for Reinsurance Stocks
Jun 23 2011 // With reinsurance stocks trading below book value, equity analysts basically agree on the factors affecting these stocks but differ on their outlook on the sector. Property/casualty insurance analysts Meyer Shields, analyst...
Florida Agents’ Leader Grady Cites Progress, Disappointments on Reform
Jun 23 2011 // For those in the industry, Florida’s recent legislative session was a long march as they tried to navigate through a process that initially promised much in the form of a new governor and strong pro-business...
Hurricane Beatriz Hits Mexico’s Pacific Coast
Jun 21 2011 // Hurricane Beatriz bore down on Mexico’s Pacific coast Tuesday, putting tourist areas and major ports on alert for heavy rainfall and flash floods, the U.S. National Hurricane Center said. The eye of the hurricane was...
Alabama Governor Tackles Tornado Recovery, Home Insurance Options
Jun 20 2011 // Anyone with a suggestion or complaint about Alabama’s recovery from the deadly tornadoes in April should know that the buck stops with the governor. Gov. Robert Bentley said he’s not looking to the Federal...
Hurricane Season Could Bring Rate Relief
Jun 20 2011 // Property and casualty insurers craving respite from a long-running drop in prices eyed the start of the U.S. hurricane season on June 1 in the hope that summer windstorms will finally turn the market. The June 1 to Nov. 30...
Florida Approves RMS Hurricane Model
Jun 20 2011 // Florida’s residential property insurance market is bracing for even more volatility after the state’s modeling commission approved the use of the new Risk Management Services (RMS) catastrophe model. The...
Homeowners Insurance Assessments Haunt Florida’s Citizens, Officials
Jun 17 2011 // Two weeks into a new hurricane season, Florida officials are continuing to express their concerns over possible policyholder assessments by Citizens Property Insurance despite the relative financial strength of the...
P/C Insurance Industry Wins, Loses in Scott’s First Session
Jun 10 2011 // It is axiomatic in Florida that when it comes to the legislature and insurance issues, the power brokers play for the last 72 hours. No matter how many committee meetings, no matter how many press conferences, no matter...
Active Hurricane Season Ups Risk for Mid-Atlantic
Jun 9 2011 // As weather forecasters predict an above-normal number of hurricanes this season, chances also increase that one of the storms will hit the mid-Atlantic states. The News Journal of Wilmington (Delaware) reports that the...
Adrian is First Hurricane of 2011 Pacific Season
Jun 9 2011 // Tropical Storm Adrian strengthened to a hurricane off Mexico’s Pacific coast, becoming the first hurricane of the 2011 Pacific season, the U.S. National Hurricane Center said. Mexico’s government issued a storm...
