Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Stonybrook Capital Says Hurricane Ian Is Largest-Ever Insured Loss Event at Over $75B
Oct 12 2022 // According to Stonybrook Capital, the damage from Hurricane Ian will result in the largest-ever insured loss event in nominal dollars. The advisory and investment banking firm focused on the insurance industry said the...
How One Computer Forecast Model Botched Hurricane Ian
Oct 11 2022 // As Hurricane Ian bore down on Florida, normally reliable computer forecast models couldn’t agree on where the killer storm would land. But government meteorologists are now figuring out what went wrong – and...
IICF Launches Hurricane Ian Relief Fund
Oct 10 2022 // The Insurance Industry Charitable Foundation (IICF) has launched the IICF Hurricane Ian Relief Fund to support those in need in the wake of Hurricane Ian. Funds will benefit Team Rubicon, a nonprofit providing emergency...
Hurricane Julia Hits Nicaragua Bringing Torrential Rainfall
Oct 10 2022 // MEXICO CITY (AP) – Hurricane Julia hit Nicaragua’s central Caribbean coast on Sunday after lashing Colombia’s San Andres island, and a weakened storm was expected to emerge over the Pacific. Julia hit as a...
Insured Damages From Hurricane Ian $31-$53B: CoreLogic
Oct 10 2022 // Property data and analytics provider CoreLogic included new and updated projections of storm surge and flood losses for Hurricane Ian for a final tally of between $41 billion and $70 billion in insured and uninsured flood...
Florida Citrus Industry Squeezed by Hurricane Ian; Crop Insurance to Cover Some Losses
Oct 7 2022 // The waters have receded, but the stink lingers. As Emma Reynolds Ezell surveys the damage that a night of 100 mile-per-hour winds wrought on her orange groves, she just can’t get over the stench. It’s nothing...
Viewpoint: Hurricane Ian, Anti-Concurrent Loss Language, and Ambiguities
Oct 4 2022 // On September 28, 2022, the nearly Category 5 Hurricane Ian made landfall in southwest Florida with maximum sustained winds clocked at approximately 150 MPH. Reports out of Lee County, Florida have been particularly...
Verisk: Up to $57B Insured Losses from Hurricane Ian
Oct 3 2022 // Insured losses from Hurricane Ian to onshore property will be between $42 billion and $57 billion, with much of the damage – $38-51 billion – coming from wind damage, according to Verisk. “Damage was more severe...
Captain America Actor Helps Fix Hurricane-Hit Roofs
Oct 3 2022 // Actor Anthony Mackie was not carrying his Captain America shield when he returned to his hometown of New Orleans to help repair hurricane-damaged roofs. But for people in his old neighborhood, knowing their tarp-covered...
KCC Estimates Near $63B in Hurricane Ian Insured Losses
Oct 2 2022 // Catastrophe modeler Karen Clark & Company (KCC) late Friday said the firm estimates insured losses from Hurricane Ian will near $63 billion. Should KCC’s calculations hold true, Ian will surely be remembered as...
Hurricane Ian Losses Up to $47B in Florida, Sinking More Insurers, CoreLogic Calculates
Sep 30 2022 // Wind and storm-surge losses from Hurricane Ian could reach as $47 billion in Florida alone, a figure made larger by inflation and rising interest rates, the property analytics firm CoreLogic said in a new...
Florida Hospital Gets Hit from Above and Below in Hurricane
Sep 30 2022 // Hurricane Ian swamped a Florida hospital from both above and below, the storm surge flooding its lower level emergency room while fierce winds tore part of its fourth floor roof from its intensive care unit, according to a...
Hurricane Ian Threatens Heavy Losses for Catastrophe Bond Holders
Sep 30 2022 // Investors who backstop Florida’s insurance industry by buying catastrophe bonds are girding for substantial losses from Hurricane Ian, threatening to crimp a key source of capital for the sector and push up insurance...
Strong Category 4 Hurricane Ian Poised to Become One of the Costliest
Sep 28 2022 // With maximum sustained winds of 150 mph at just after 3 p.m. on Sept. 28, Hurricane Ian was just shy of Category 5 status when it made landfall in Cayo Costa, Fla. Ian, one of the strongest hurricanes to ever make U.S....
Hurricane Ian Spurs Evacuations as Airports, Schools Shut
Sep 28 2022 // Hurricane Ian, projected to be one of the costliest storms in US history, prompted mass evacuations, school shutdowns and thousands of flight cancellations across the third-largest state. The storm, which has already...
UPDATE: Hurricane Ian Turning Toward Tampa Area and $258B in Replacement Value
Sep 27 2022 // Florida property insurance experts have long warned that a powerful hurricane strike on a major metropolitan area could result in catastrophic losses and the insolvency of more carriers. Those warnings could become reality...
BP, Chevron Cut Offshore Oil Production Ahead of Hurricane Ian
Sep 27 2022 // BP Plc and Chevron Corp. on Monday said they have shut-in production at offshore oil platforms in the Gulf of Mexico, as a powerful Hurricane Ian bore down on the top U.S. offshore production region. The category 2 storm...
Hurricane Fiona Hits Nova Scotia as One of Region’s Strongest Storms
Sep 26 2022 // Fiona, the most powerful storm of this year’s Atlantic hurricane season, roared ashore in eastern Nova Scotia early Saturday as one of the strongest systems ever to hit the region, knocking out power, toppling trees...
‘Captain America’ Swoops In to Fix Hurricane-Hit Roofs in New Orleans
Sep 23 2022 // Actor Anthony Mackie was not carrying his Captain America shield when he returned to his hometown of New Orleans to help repair hurricane-damaged roofs. But for people in his old neighborhood, knowing their tarp-covered...
Update: Hurricane Fiona Roars Toward Atlantic Canada as New Storm Threatens Florida
Sep 23 2022 // After lashing Bermuda, Hurricane Fiona is racing north toward Eastern Canada, threatening to become the most powerful storm ever to hit the region. A second system, meanwhile, is developing in the Caribbean and may strike...
