Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
IPC Sale to Validus Includes ‘Storm-proof’ Agreement
Jul 27 2009 // IPC Holdings, the Bermuda catastrophe reinsurer that attracted interest from more than a dozen bidders, held out for a storm-proof agreement before agreeing to a sale to rival Validus Holdings The $1.65 billion...
GAO Reports Detail Problems With Katrina Disaster Response
Jul 23 2009 // As the fourth anniversary of Hurricane Katrina nears, four new reports by Congress’ investigative arm have found a wide range of problems with the federal government’s handling of the storm’s...
South Carolina Chief Refutes Legislative Audit Critical of Some Insurance Department Work
Jul 20 2009 // A report by the auditing arm of the South Carolina Legislature has concluded that the state insurance department overall does a good job regulating insurance companies and their rates but it could do a better job of...
Web Site Estimates Damages if Old Storms Returned Today
Jul 20 2009 // This month marks the four-year anniversary of Hurricane Dennis, a Category 3 storm that slammed into the panhandle of Florida with sustained winds of 120 m.p.h. While Dennis inflicted more than $2.2 billion in damage in...
Hawaii Could Tap Hurricane Emergency Fund to Shore-Up Budget
Jul 20 2009 // A Hawaii judge has blocked Gov. Linda Lingle from forcing thousands of public employees to take three unpaid days off per month, dealing her a setback in efforts to tame a huge state budget gap. Unions opposed to the...
Further Challenges to Anti-Concurrent Cause Clauses
Jul 20 2009 // Hurricane Katrina brought the question of the validity and applicability of ACCs to the forefront. Hurricane Katrina, in addition to causing unprecedented damage and destruction, added significantly to the workload of...
Web Site Estimates Damages If Old Hurricanes Were to Return Today
Jul 20 2009 // This month marks the four-year anniversary of Hurricane Dennis, a Category 3 storm that slammed into the panhandle of Florida with sustained winds of 120 m.p.h. While Dennis inflicted more than $2.2 billion in damage in...
Louisiana Issues Final Data Call for Ike and Gustav Losses
Jul 17 2009 // The Louisiana Department of Insurance has issued a bulletin to all authorized and surplus lines property casualty insurance companies writing business in Louisiana reminding insurers that final submission of loss data from...
Hawaii Could Tap Hurricane Emergency Fund to Shore-Up Budget
Jul 10 2009 // A Hawaii judge has blocked Gov. Linda Lingle from forcing thousands of public employees to take three unpaid days off per month, dealing her a setback in efforts to tame a huge state budget gap. Unions opposed to the...
Web Site Estimates Hurricane Damages If Old Storms Returned Today
Jul 10 2009 // Today marks the four-year anniversary of Hurricane Dennis, a Category 3 storm that slammed into the panhandle of Florida with sustained winds of 120 m.p.h. While Dennis inflicted more than $2.2 billion in damage in 2005...
Developing El Nino Could Suppress Atlantic Hurricanes
Jul 9 2009 // El Nino weather anomaly has developed and it may not be as strong as the killer which struck more than a decade ago, the U.S. Climate Prediction Center said Thursday. The CPC, an office under the National Oceanic...
Florida’s Citizens Insurance Proposes to Hike Some Rates, Decrease Others
Jul 9 2009 // After three years of no increases, Florida’s Citizens Property Insurance Corp. is about to hike premiums up to 10 percent for many of its policyholders, although not for as many as some insurance insiders and...
Few Complaints from Texas 2008 Hurricane Claims
Jul 8 2009 // The Texas Department of Insurance (TDI) reported it has received a total of 1,201 justified complaints from the nearly 900,000 claims that originated from Hurricanes Ike and Dolly in 2008. The complaints represent less...
South Carolina Insurance Chief Faults Legislative Audit of Department
Jul 6 2009 // A report by the auditing arm of the South Carolina Legislature has concluded that the state insurance department overall does a good job regulating insurance companies and their rates but it could do a better job of...
New Rhode Island Law Saves Residents Money When Storms Loom
Jul 6 2009 // A new law could save homeowners money when a hurricane off the Atlantic coast churns up weather strong enough to damage homes in Rhode Island but never reaches the state. Legislation signed last month by Gov. Don Carcieri...
North Carolina Coastal Insurance Fix Would Alter Deductibles, Limits
Jun 29 2009 // North Carolina legislators started grappling last week with how to beef up the state-created but underfunded insurance program for coastal property, and immediately confronted the possibility that all of the state’s...
Report on Federal Probe Into Deadly Katrina Flooding Released
Jun 29 2009 // An in-depth study by more than 150 experts commissioned by the Army Corps of Engineers to look into the catastrophic failure of the levees during Hurricane Katrina is done, though the report released June 26 divulged...
South Texas Brokers Charged with Multi-Million Dollar Insurance Fraud
Jun 25 2009 // Two licensed insurance brokers with offices in the Brownsville, Texas, area have been charged with conspiracy, mail fraud and wire fraud in a multi-million dollar scheme, according to U.S. Attorney Tim Johnson. The U.S....
All North Carolina Homeowners Could Pay If Insurers, Beach Plan Fall Short
Jun 24 2009 // Every insured homeowner in North Carolina could shoulder the cost of rebuilding if a massive hurricane hits under a deal taking shape in the Legislature. The legislation (HB1305), expected to be detailed in a House...
New Rhode Island Law Saves Residents Money When Storms Loom
Jun 19 2009 // A new law could save homeowners money when a hurricane off the Atlantic coast churns up weather strong enough to damage homes in Rhode Island but never reaches the state. Legislation signed last week by Gov. Don Carcieri...
