Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Best Reports on Reinsurers: ‘Humbled, But Most Not Broken’
Aug 18 2006 // In its recently issued global insurance report A.M. Best Co. concludes that “almost a year after three massive hurricanes—Katrina, Rita and Wilma—the global reinsurance industry is still struggling to manage its...
EPI Study Finds Coastal Population Drain Following Hurricanes
Aug 18 2006 // A study conducted by the Earth Policy Institute (http://www.earth-policy.org) concludes that a number of people who evacuated their homes in the wake of Hurricanes Katrina, Rita and Wilma may have left permanently. The EPI...
Dale: Ruling, Notices Remind Miss. Residents to Get Flood Coverage
Aug 18 2006 // A federal judge’s ruling that damage from wind-driven water isn’t covered on standard homeowner policies should motivate more Mississippians to purchase flood insurance, says state Insurance Commissioner George...
La. Governor Meets With Insurers About Hurricane Problems
Aug 18 2006 // Gov. Kathleen Blanco met with representatives of at least a dozen of Louisiana’s largest property insurers on Aug. 17, hoping to ease jitters and keep them in the state after hurricanes Katrina and Rita. Blanco wants...
Floridians Flock to Get Home Hurricane-Preparedness Inspections
Aug 17 2006 // Florida homeowners on Aug. 15 flocked to a new state program that offers free hurricane-preparedness inspections and grants to help cover the cost of improvements. More than 3,500 people applied online within hours after...
N.C. Appellate Court Sides with Insurer in Denying Pre-Storm Coverage
Aug 17 2006 // An insurance company legally denied coverage to a business seeking to renew its policy in the days before Hurricane Isabel struck North Carolina, the state’s Court of Appeals ruled Aug. 15. HPB Enterprises, the owner...
State Farm Trying to Improve its Image After Hurricane Katrina
Aug 16 2006 // Representatives of State Farm Insurance Co. are on a media tour in Mississippi to give a more positive image to the company as it and others in the industry fend off lawsuits filed in the aftermath of Hurricane...
FEMA to Repay Nearly $56M to Texas for Hurricane Costs
Aug 16 2006 // The Federal Emergency Management Agency will reimburse an additional $55.89 million to Houston and the Texas Department of Public Safety for costs associated with Hurricanes Katrina and Rita, officials said. Houston will...
Average Insurance Premiums Remain Flat in Q2 Except in Hurricane Regions
Aug 16 2006 // According to the Risk and Insurance Management Society Inc.’s RIMS Benchmark Survey, commercial insurance premiums were flat to slightly lower in the second quarter of this year compared to the prior year. The RIMS...
Florida’s $250 Million Property Loss Mitigation Program Begins
Aug 15 2006 // Florida has begun My Safe Florida Home program, a $250 million mitigation program to help Floridians strengthen their homes against hurricanes and to reduce property losses. Tom Gallagher, Florida’s chief financial...
Judge Rules in Favor of Insurer in Miss. Wind vs. Water Case
Aug 15 2006 // In a highly anticipated ruling in one of the first wind vs. water insurance claims arising out of Hurricane Katrina, a Mississippi judge has upheld the exclusion for damage caused by water and water-borne materials in an...
Insurers in Louisiana Agree to Extend Hurricane Lawsuit Deadline
Aug 14 2006 // Commissioner of Insurance Jim Donelon says nearly all of Louisiana’s homeowners insurance companies, including State Farm and Allstate, have complied with his order to extend the prescriptive period for policyholders...
PXRE Heads Towards Run-off
Aug 9 2006 // The Bermuda-based PXRE Group Ltd. reported its results for the second quarter of 2006, and further indicated that, barring some last minute “strategic alternative,” it is heading towards runoff. PXRE was...
Hawaii Seeking Comments on Hurricane Retrofits
Aug 9 2006 // Hawaii Insurance Commissioner Jeffrey Schmidt is preparing to establish a program to provide grants for hurricane retrofits, otherwise known as wind resistive devices. The draft performance specifications for the wind...
Marine market responds to stressed property coverage demand
Aug 7 2006 // A recent Wall Street Journal story proclaimed, “As Hurricane Season Begins, Disaster Insurance Runs Short.” Indeed, the stark headline in the July 10 article mirrors the market reality: There is a severe lack...
Marine market responds to stressed catastrophic property coverage
Aug 7 2006 // A recent Wall Street Journal story proclaimed, “As Hurricane Season Begins, Disaster Insurance Runs Short.” Indeed, the stark headline in the July 10 article mirrors the market reality: There is a severe lack...
It figures
Aug 7 2006 // 100 The number of federal lawmakers from both parties that asked the Federal Deposit Insurance Corp. to put a hold on the efforts of various U.S. companies, including Wal-Mart, to open banks. Federal bank regulators halted...
Marine market responds to stressed catastrophic property coverage
Aug 7 2006 // A recent Wall Street Journal story proclaimed, “As Hurricane Season Begins, Disaster Insurance Runs Short.” Indeed, the stark headline in the July 10 article mirrors the market reality: There is a severe lack...
Excess flood insurance — when the federal plan isn’t sufficient
Aug 7 2006 // The lessons learned from Katrina and Rita and predictions of a future with bigger and stronger storms highlight more than ever the importance of flood insurance, even in locations where it was previously thought...
Florida offers grants to encourage hurricane damage mitigation
Aug 7 2006 // Florida’s Department of Financial Services is working out the details of a program offering grants of up to $5,000 to homeowners who take steps to mitigate hurricane damages. Individual matching grants of up to...
