Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Federal Aid, State Insurance Department Help Still Available for Ike Recovery
Dec 8 2009 // Galveston County residents needing home repair assistance resulting from 2008’s Hurricane Ike can get federal help through a nearly $100 million grant program. In addition, the Texas Department of Insurance reports...
It Figures
Dec 6 2009 // 30 The number of third quarter mergers and acquisitions of insurance brokerages, according to Audra M. Szollosy, senior vice president with Hales & Co., one of the oldest and most experienced advisory and investment...
Swiss Re Obtains $150 Million Backup for Hurricanes, Quakes and Windstorms
Dec 3 2009 // Swiss Re announced that it has entered into a transaction with Successor X Ltd. a Cayman Islands exempted company financed through the offering of insurance-linked securities, to receive up to $150 million of...
SEC Charges Hurricane Restoration Company and Execs in Alleged Fraud
Dec 3 2009 // A Dallas and New Orleans-based hurricane restoration company that has been subject to numerous lawsuits since Hurricane Katrina, and several of the company’s executives, have been charged by the Securities and...
Quietest Atlantic Hurricane Season Since 2006 Ends
Dec 2 2009 // The Atlantic hurricane season ended this Monday with barely a whimper: Not a single hurricane came ashore in the United States. Since June, when the season began, just nine named storms developed. Only three of them became...
Miami Condo Association Sues QBE Insurance Over Hurricane Claims
Nov 25 2009 // A Miami condominium association is suing its insurer, QBE Insurance Corp., and its Florida general managing agent, for more than $500 million in damages, claiming bad faith and deception in handling hurricane...
Colorado Researchers Admit Missing Hurricane Prediction
Nov 24 2009 // Colorado-based weather researchers say three hurricanes formed in the Atlantic this year, two fewer than they predicted before the season and one less than their August update called for. Colorado State University...
Hawaii Unscathed by Hurricane Season
Nov 19 2009 // Hawaii is escaping the 2009 hurricane season unscathed unless a last-minute storm strikes. There are about two weeks remaining in this year’s hurricane season, which ends Nov. 30. But officials at the Central Pacific...
States Back Federal Role in Insuring Natural Catastrophes
Nov 15 2009 // After Decades of Discussion, States Adopt 3-Tired Plan Though it may seem like the debate over the creation of a national catastrophe insurance plan is a relatively recent phenomenon, the National Association of Insurance...
Tropical Storm Ida Pounds Gulf States with High Winds, Heavy Rains
Nov 10 2009 // A weakening Tropical Storm Ida lashed the U.S. Gulf Coast with drenching rain and high surf Tuesday as it moved ashore after shutting down almost 30 percent of Gulf of Mexico energy production. Ida, once a Category 2...
Hurricane Ida Kills 124 in El Salvador; Heading for Gulf Oil Fields and U.S.
Nov 9 2009 // Hurricane Ida headed toward oil and gas facilities in the central Gulf of Mexico on Monday on a path to the U.S. Gulf Coast after killing 124 people in El Salvador following floods and mudslides. U.S. oil companies were...
Hurricane Ida Shuts Gulf Refineries; Downgraded to Tropical Storm
Nov 9 2009 // Energy companies operating in the Gulf of Mexico shut in oil and natural gas production and a major gas hub was closed on Monday as Hurricane Ida spun toward the region. The Independence natural gas hub — the largest...
Late Season Hurricane Hits Nicaragua
Nov 6 2009 // According to catastrophe risk modeling firm AIR Worldwide and the National Hurricane Center in Miami, Hurricane Ida made landfall in eastern Nicaragua on Thursday morning, causing damage to homes and knocking out power to...
Decades in the Making, NAIC Outlines Natural Catastrophe Plan
Nov 1 2009 // White Paper Approved at Fall Meeting with Near-Unanimous Vote Though it may seem like the debate over the creation of a national catastrophe insurance plan is a relatively recent phenomenon, the National Association of...
Southeast States Among Most Exposed to Climate Change Impact: Report
Oct 26 2009 // Poverty and climate hazards make the southeast United States the country’s most vulnerable area to climate change impact, Oxfam America said. A report released by the relief organization identified high-risk...
Analysts Forecast Healthy Q3 Reports from Insurers
Oct 22 2009 // If the stock market and weather are any indication, third-quarter earnings reports from insurers will look a lot better than they did a year ago. The big companies, which began their reporting season today with Travelers...
Researchers: Hurricane-related Power Outages Can Be Predicted
Oct 22 2009 // Using data from Hurricane Katrina and four other destructive storms, researchers from Johns Hopkins and Texas A&M universities say they have found a way to accurately predict power outages in advance of a hurricane....
Mississippi Court Rules Home Policy Covers Hurricane Wind Damage
Oct 19 2009 // In a 9-0 decision, the Mississippi Supreme Court has ruled that so-called “all-risk home insurance policies may cover wind damage from hurricanes, even in situations where the loss is later exacerbated by water from...
Insurers Happy About Quiet Atlantic Hurricane Season
Oct 14 2009 // Thanks to El Nino, the 2009 Atlantic hurricane season has been the quietest in more than a decade, offering a reprieve for residents in the danger zone and a chance for insurance firms to refill depleted coffers. With the...
Public Input Sought on Use of Louisiana Storm Recovery Money
Oct 13 2009 // Louisiana’s disaster recovery agency is seeking public input on plans to spend $112 million for rebuilding after hurricanes Gustav and Ike in 2008. Louisiana Recovery Authority Director Paul Rainwater said the agency...
