Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Now Is No Time to Ease Up on Loss Prevention, Warns Risk Expert
Jan 29 2007 // The insurance industry and its customers must not let down their guard concerning loss prevention despite a mild hurricane season and a quiet time on the terrorism front in the U.S., advises an expert in risk and...
A look behind the very good P/C results for 2006
Jan 28 2007 // This is the most remarkable statistic of all. The combined ratio we estimate to be about 94 for the year. That would be the best result since 1955. News Currents The numbers, or estimates, for the property casualty...
Windstorm expected to be major insurance issue for Texas lawmakers
Jan 28 2007 // Funding for the Texas Windstorm Insurance Asso-ciation (TWIA) may not be the only insurance issue on lawmakers’ plates during the 2007 session of the Texas Legislature, but it will likely be the most high profile...
It Figures
Jan 28 2007 // $445 Billion Nearly half a billion dollars will be given to U.S. cities and regions to help reduce the risk of terror attacks on ports, transit systems and chemical plants, Homeland Security Secretary Michael Chertoff...
Building Codes Worked During Hurricane Rita, Study Shows
Jan 26 2007 // A study of 9,835 reported claims on residential dwellings damaged in Hurricane Rita conducted by the Texas Windstorm Insurance Association (TWIA) shows that building codes work, the association announced. TWIA is the...
La. Gov. Criticizes Bush for No Mention of Hurricane Recovery in Speech
Jan 25 2007 // Louisiana Gov. Kathleen Blanco angrily criticized President George W. Bush on Jan. 24 for leaving out of his State of the Union speech any mention of the hurricanes that devastated Louisiana in 2005 and complained that her...
Partisan Politics Influenced Katrina Response, Says Former FEMA Chief
Jan 23 2007 // Political storm clouds gathered again over the federal government’s response to Hurricane Katrina as former Federal Emergency Management Agency Director Michael Brown said party politics played a role in decisions on...
Fla. Lawmakers Agree on Insurance Relief Plan; Bill Sent to Gov. Crist
Jan 23 2007 // Florida homeowners could see property insurance rates cut by as much as 40 percent under a plan finalized by lawmakers hoping to reverse hurricane-fueled increases many residents say have threatened to price them out of...
Biggest U.S. Property Cat Losses in 2006 Were Away From Coasts
Jan 19 2007 // Property casualty insurers increasingly steered clear of the water out of fear of catastrophe losses during the past year. But while they were keeping a wary eye on the coasts in 2006, and escaped relatively unscathed in...
La. Resident Pleads Guilty to Hurricane-Related Federal Fraud Charge
Jan 18 2007 // A Louisiana resident pleaded guilty in the U.S. District Court for the Middle District of Louisiana on a charge of fraud related to hurricane disaster relief programs, U.S. Attorney David R. Dugas of the Middle District of...
Fla. Session Day 1: Expanding State’s Hurricane Cat Fund Tops the Agenda
Jan 17 2007 // When Florida House Speaker Marco Rubio and State Senate President Ken Pruitt slammed their gavels in opposite sides of the Florida Capitol Tuesday signaling commencement of a special legislative session, the hopes and...
Wanna Get Away? See the USA? Insurance Journal Tracks ’07 Meetings
Jan 16 2007 // Looking to rub elbows with industry leaders? Maurice “Hank” Greenberg will be in Atlanta and Lord Peter Levene of Lloyd’s will be in Singapore. Feel like networking among the stars? Fox News commentator...
Fla. Lawmakers Face Balancing Act in This Week’s Insurance Session
Jan 15 2007 // Florida lawmakers wish they could simply outlaw hurricanes. That would solve the state’s insurance crisis. Unfortunately, changing the weather seems easier than what legislators have on their hands. As they return to...
La. Recovery Panel to Study Storm Catastrophe Fund
Jan 15 2007 // The state’s top hurricane recovery panel will study whether Louisiana should consider creating a catastrophe fund that would provide financial backup for insurers because of hurricane risks. The key area for review...
Fla. Senate Proposal Would Give Citizens Customers Relief
Jan 10 2007 // Customers of the state’s largest insurer, Citizens Property, would be spared a recent proposed 55 percent increase and see their rates frozen for a year under a massive bill proposed Monday by a state legislative...
Miss. Jury Hears Opening Statements in Katrina Suit Against State Farm
Jan 10 2007 // Even as the Mississippi attorney general negotiates a potential settlement with State Farm Fire & Casualty Co., an eight-person jury began hearing opening statements Tuesday in one of hundreds of insurance lawsuits...
Travelers Scales Back Decision on Renewing Commercial Polices in N.O.
Jan 8 2007 // St. Paul Travelers is scaling back plans to stop renewing most of its commercial policies in the New Orleans area this year, a decision that is “very good news” for businesses here after the 2005 hurricanes,...
Bi-cycling
Jan 8 2007 // What a difference a year makes. The U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through the first nine months of 2006. For the same period in 2005, it lost $2.5 billion. Insurers and...
Bi-cycling
Jan 8 2007 // What a difference a year makes. The U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through the first nine months of 2006. For the same period in 2005, it lost $2.5 billion. Insurers and...
Absence of hurricane losses proves beneficial to insurers’ bottomline
Jan 8 2007 // P/C industry posts $24.4 billion net gain on underwriting in first three quarters of 2006 Driven by a sharp decline in catastrophe losses from hurricanes and other natural disasters in 2006, the U.S. property/casualty...
