Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
It Figures
Jun 15 2009 // $9.3 Million An Arkansas lawyer who controlled an escrow account for a settlement in a case involving the Bisys Group Inc. insurance services firm has pleaded guilty to charges of stealing more than $9 million from the...
2004/2005 Hurricane Seasons Provided Unprecedented Claims Data
Jun 15 2009 // Cat Modelers and Insurers Applying Lessons Learned Since Hurricane Katrina wreaked its damage in 2005, catastrophe modeling firms and the property and casualty insurance industry have learned more about the scientific and...
Jun 15 2009 // 5 Hurricane forecasters at Colorado State University have lowered their prediction for the number of hurricanes they expect to hit the Atlantic Basin in 2009 to five, down from an April forecast of six hurricanes. The...
Universal Insurance Holdings To Purchase ICAT Specialty Insurance
Jun 8 2009 // Universal Insurance Holdings of North America and ICAT Holdings LLC of Boulder, Colo., have received regulatory approval that completes Universal North America’s purchase of ICAT Specialty Insurance Co. (ISIC). Under...
Forecasters: Fewer Atlantic Hurricanes Predicted
Jun 5 2009 // Hurricane forecasters at Colorado State University have lowered their prediction for the number of hurricanes they expect to hit the Atlantic Basin in 2009 to five, down from an April forecast of six hurricanes. According...
P/C Insurers Apply Lessons from Hurricane Katrina
Jun 2 2009 // The property/casualty insurance industry is employing advancements in catastrophe modeling and considering the impact of the creation of a national catastrophe fund as it applies lessons learned from Hurricane...
Declarations
Jun 1 2009 // 10 Years “Unless there’s some Einstein out there that knows something none of us do, the prevailing thought among the researchers is that a good 24-hour forecast of intensity change is a goal, a stretch goal,...
40% of Florida Home Carriers Losing Money Even With No Big Storms
Jun 1 2009 // With the start of the hurricane season just a few weeks away, a leading Florida consumer advocate joined independent agents at a press conference to warn that property insurance rates need to be raised if insurers are...
A.M. Best Concerned Over Insurers’ Exposure to the Florida Hurricane Fund
Jun 1 2009 // Based on the recently revised projected claims-paying capacity of the Florida Hurricane Catastrophe Fund (FHCF), rating agency A.M. Best has updated its treatment of reinsurance provided to rated entities from this...
Average 2009 Hurricane Season with Several Category 3 Storms Predicted
Jun 1 2009 // June 1 is the official start of hurricane season and the National Oceanic and Atmo-spheric Administration has said the 2009 Atlantic hurricane season will be fairly average. Reuters reported that NOAA is forecasting nine...
Coastal Insureds, Insurers Brace for Start of New Hurricane Season
Jun 1 2009 // As the 2009 hurricane season arrives, many homeowners are finding insurance is either more expensive, or harder to get. Homeowners from New York to Florida and in the Gulf Coast region are again seeing premiums rise and...
Unsecured Foreclosed Homes Pose Huge Risk as Hurricane Season Opens
May 29 2009 // Mike Manikchand points toward his neighbors in Lehigh Acres — a half-dozen empty, foreclosed-upon homes, sitting on weed-strewn yards — and he wonders: What will happen if a hurricane slams into southwest...
Summary of Forecasts for 2009 Atlantic Hurricane Season
May 29 2009 // Private weather forecaster Planalytics predicted Wednesday that the 2009 Atlantic hurricane season will produce 10 tropical storms, of which six will become hurricanes. The company said one or two of the storms were likely...
Virginia Exempts Hurricane-Preparedness Items from Sales Tax
May 28 2009 // If you’re planning on preparing for a hurricane, this is the week to do it. Virginia’s sales tax holiday on hurricane preparedness items runs from Monday through Sunday. Throughout the week, 22 items that can...
Texas Legislation Big and Small in Peril
May 27 2009 // A work slowdown by House Democrats was meant to stop a voter identification law. But other bills in the path of destruction deal with hurricane insurance, local road projects, solar energy incentives and even trans fats in...
Pretty Normal Hawaii Hurricane Season Forecast
May 27 2009 // The Central Pacific Hurricane Center in Hawaii is forecasting three to five tropical cyclones forming in the central Pacific during the 2009 hurricane season, which begins June 1. An average season has four or...
Logjam in Texas House Threatens Windstorm Bill, Other Legislation
May 26 2009 // Democratic members of the Texas House of Representatives have been using stalling tactics to avoid a vote on a controversial Voter ID bill widely supported by Republicans. The only problem is, other measures, including a...
Forecasters Predict Average 2009 Hurricane Season
May 21 2009 // The 2009 Atlantic hurricane season will be fairly average with as many as seven hurricanes expected to form, U.S. government forecasters predicted Thursday. The National Oceanic and Atmospheric Administration forecast nine...
Coastal Insurance Rates Could Rise if Federal Tax Law is Enacted
May 21 2009 // As it girds for hurricane season, Texas has plenty to worry about. The Texas Windstorm Insurance Association (TWIA) – which provides coverage for high risk coastal properties – has ended up at the brink of...
Fitch Advises Florida Insurance Market Remains ‘Fragile’
May 20 2009 // Fitch Ratings agency is advising that the Florida property insurance market is “fragile” and remains a “peak risk zone.” The Florida assessment is included in a Fitch report for investors right...
