Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Hanover: Big 3d Quarter Improvement, Despite Katrina Charge
Oct 31 2006 // The Hanover Insurance Group, Inc. reported net income for the third quarter of $33.4 million, or $0.65 per share, compared to a net loss of $562.4 million, or $10.51 per share, in the third quarter of last year. The...
Fewer Hurricanes Allow St. Paul Travelers 3rd Quarter Profit to Soar
Oct 27 2006 // Minneapolis-based St. Paul Travelers Cos. Inc. reported a six-fold increase in earnings and raised its guidance for the full year after clearing the third quarter without significant hurricane losses. Insurers struggled...
Disaster Planners Focus Anew on Lake Okeechobee, Miami area
Oct 25 2006 // Disaster planners will use $4 million in federal money to map out preparations for two catastrophic Florida hurricane scenarios: the failure of the dike around Lake Okeechobee and the impact of a powerful Category 5 storm...
Declarations
Oct 23 2006 // Virginia flooding “I really feel for the business owners in the heart of downtown who have fought so hard to come back after Floyd in 1999.” Virginia Gov. Timothy M. Kaine in declaring a statewide emergency...
Alabama coastal property owners face more insurer restrictions
Oct 23 2006 // Two of the Alabama’s largest insurance firms said they’re reducing coverage and increasing deductibles in Mobile and Baldwin counties, citing frequent hurricanes, coastal construction growth, lack of strong...
Hurricane risk reduces prospective profit of homeowners insurance
Oct 23 2006 // Increases in homeowners insurance rates have not been sufficient thus far to provide an adequate return on equity on homeowners insurance, making further increases necessary, according to an analysis by Aon Re. With...
Fla. Honors Retiring Hurricane Forecaster Mayfield
Oct 20 2006 // Governor Jeb Bush and members of the Florida Cabinet passed a resolution this week honoring Max Mayfield’s career in public service. As director of National Oceanic and Atmospheric Administration’s (NOAA)...
Alabama Says Katrina Mediation Working
Oct 19 2006 // A mediation program launched by the Alabama Department of Insurance following Hurricane Katrina is bearing fruit, says Commissioner Walter A. Bell, pointing to a 90 percent success rate. “We directed the companies...
Allstate Swings to $1.16 Billion Gain in 3rd Quarter with Fewer Hurricanes
Oct 19 2006 // Northbrook, Ill.-based Allstate Corp., the second-largest U.S. personal-lines insurer behind State Farm, reported a $1.16 billion third-quarter profit Wednesday as it benefited from a quiet hurricane season. The company...
GOP Attempt to Call Special Session in La. Faces Hurdles
Oct 18 2006 // Republican state lawmakers face steep hurdles in their attempts to call the Louisiana Legislature into special session early next month an attempt to sidestep Democratic Gov. Kathleen Blanco, who they say is moving too...
Hurricane Center Identifies 10 Most Hurricane Vulnerable Areas
Oct 18 2006 // The entire East and Gulf Coasts are subject to hurricane impacts, but some areas are much more vulnerable than others. Dr. Stephen P. Leatherman, director of the International Hurricane Research Center at Florida...
Fla. Gubernatorial Candidates Offer Hurricane Fund Proposals
Oct 12 2006 // If he is elected governor, Florida homeowners would see lower property insurance rates as soon as next year and a guarantee of at least partial coverage by the state, Democratic gubernatorial nominee Jim Davis said this...
Executive Says La. Safety Standards Could Help Attract Insurers
Oct 12 2006 // Homeowners insurance rates won’t drop anytime soon, but Louisiana has enacted safety standards since Hurricane Katrina that could help attract new insurance companies and moderate the costs, an insurance executive...
Hurricane Risk Reduces Prospective Profit of Homeowners Insurance
Oct 11 2006 // Increases in homeowners insurance rates have not been sufficient thus far to provide an adequate return on equity on homeowners insurance, making further increases necessary, according to an analysis by Aon Re, the...
N.C. Maps Help Towns, Developers Avoid Landslide-Prone Areas
Oct 10 2006 // North Carolina has produced the first in what officials say will be a series of county maps to enable communities to reduce the risks of building homes and other structures in landslide-prone areas of the state’s...
Ala. Coastal Property Owners Facing More Insurer Restrictions
Oct 10 2006 // More insurance cutbacks for Alabama coastal properties — not only for buildings and homes near the beaches — are coming in the wake of 2004 and 2005 hurricanes. Two of the state’s largest insurance firms said...
Hawaii to teach homeowners about hurricane retrofits
Oct 9 2006 // Hawaii’s Department of Commerce and Consumer Affairs’ Insurance Division has created a new Web site: www.hurricaneretrofits.hawaii.gov, which details the State’s Loss Mitigation Grant Program for Hawaii...
Catlin’s CEO Assesses ‘Benign’ Hurricane Season
Oct 5 2006 // Stephen Catlin, the chief executive of international specialty property/casualty insurer and reinsurer Catlin Group Limited, Forecast a decline in premiums for non-catastrophe exposed classes of insurance and reinsurance,...
Fla. Mandates Boost in Insurance Discounts for Storm Mitigation
Oct 5 2006 // Many Florida homeowners will get larger property insurance discounts — about double what they now receive — for improvements aimed at avoiding hurricane damage under a rule approved this week by Gov. Jeb Bush and the...
Report Says Hurricanes Turned La. Marshland Into Open Water
Oct 5 2006 // New estimates on wetlands loss from Hurricanes Katrina and Rita show that the storms turned 217 square miles of coastal marsh in Louisiana into open water, according to U.S. Geological Survey report. The agency released...
