Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Cat model reassessments cause rating and capital changes
Jun 19 2006 // Last fall’s disastrous hurricanes provided some rough times for the catastrophe modeling industry. Consequently the principal cat modelers — Applied Insurance Research, EQE International’s EQECAT, and...
Lloyd’s forecast for Northeast: Storms, global warming threats are real
Jun 19 2006 // The prospect of another nasty hurricane season has everyone in the insurance industry braced for a white-knuckle ride. The spectre of a hurricane hitting a major Northeast population center is hardly the stuff of Hollywood...
Hurricanes
Jun 19 2006 // Miss. Katrina Claims 3,693 hurricane claims settled. $5,211,899 in payments, a 1,721 percent increase in secured payments between Jan. 1 and April 30. Previous record, 2005, $4 million. A&H increase 316 percent. Cathy...
Crist reaches $609,000 settlement in hurricane price gouging
Jun 19 2006 // ANorth Carolina-based company has reached a settlement to resolve Florida price gouging allegations stemming from the 2004 hurricane season, according to Florida Attorney General Charlie Crist. Crist said Southeastern...
Crist reaches $609,000 settlement in hurricane price gouging
Jun 19 2006 // ANorth Carolina-based company has reached a settlement to resolve Florida price gouging allegations stemming from the 2004 hurricane season, according to Florida Attorney General Charlie Crist. Crist identified the company...
News Currents
Jun 19 2006 // CAT response vehicle ready just in time for Tropical Storm Alberto Florida insurance agents rolled out a new, state-of-the-art catastrophe response vehicle just in time for the arrival of Tropical Storm Alberto. At press...
Declarations
Jun 19 2006 // Taking responsibility for levee failure ‘This is the first time that the Corps has had to stand up and say, `We’ve had a catastrophic failure.’ … Words alone will not restore trust in the...
Editor’s Note: Commercial property appeal
Jun 19 2006 // According to Fitch, increases are running between 25 percent and 400 percent for windstorm and flood insurance premiums since the June 1 start of this year’s hurricane season. Six hurricanes in 2005 caused $57.3...
A tale of two New Orleans hotels
Jun 19 2006 // If there’s anything to be learned from last year’s hurricanes Katrina, Rita and Wilma, it’s that the value of relationships before, during and after a claim is immeasurable, according to Mel Bangs,...
Tropical Depression: Hurricane linked to long-term mental distress
Jun 19 2006 // Do earthquakes and hurricanes affect mental health? Florida State University sociologists in Tallahassee have found that some South Floridians who survived Hurricane Andrew suffered mental health problems many years later,...
Safe Home Expert Says Florida Building Codes Working
Jun 16 2006 // According to a consultant for the Federal Alliance for Safe Homes, Florida’s building codes that were approved in 2001 are working. He also says that Hurricane Charlie was a “model” hurricane in the sense...
Insurance Limbo Delays Gulf Coast Rebuilding
Jun 13 2006 // The owners of the sagging, flood-stained home in New Orleans aren’t in. Above the front door, a banner explains their absence, and the lack of progress: “Allstate paid $10,113.34 on this house for storm...
Texas Insurer Group Says Alberto May be Omen for Rest of Season
Jun 13 2006 // Tropical Storm Alberto should be a warning to all coastal residents in Texas that the 2006 hurricane season may exceed the expectations for an overly active storm season. The Insurance Council of Texas urges everyone...
Davis Makes Proposals to Fix Florida’s Property Insurance Problems
Jun 12 2006 // Windstorm insurance companies would have to cover water damage caused by hurricanes under a proposal Democratic gubernatorial candidate Jim Davis released June 9, part of a multi-pronged proposal to solve the problems...
Windstorm Insurance May Be Problem as Hurricane Season Begins
Jun 12 2006 // U.S. commercial real estate (CRE) values in coastal areas, and in particular smaller multifamily properties, may suffer as insurance companies reduce loss exposure to hurricane-prone areas by increasing premiums, raising...
Evacuations Begin: Alberto to Hit Florida Today
Jun 12 2006 // National Hurricane Center forecasters were closely watching the season’s first tropical storm on Monday evening and were unsure if Alberto would strengthen into a hurricane overnight or maintain its speed just below...
Florida Insurance Council Updates Hurricane Hotline List
Jun 12 2006 // A list of individual company “hotline” numbers that policyholders would use if Tropical Storm Alberto becomes more than a rainmaker, has been updated by the Florida Insurance Council in Tallahassee,...
S&P Assigns Ratings to Swiss Re’s ‘Successor Programme’ Notes
Jun 7 2006 // Standard & Poor’s Ratings Services has assigned its senior secured debt ratings to the principal at-risk variable-rate notes issued under Swiss Reinsurance Co.’s Successor shelf program (See previous...
Fla. Rep. Waters: Hurricane Party Mentality Has Been Replaced by Hurricane-Stress
Jun 6 2006 // The hurricane party mentality is gone, replaced by hurricane stress, Rep. Leslie Waters, R-Pinellas, told the Florida Suncoast Chapter of the Chartered Property and Casualty Underwriters at the group’s June 5 meeting...
Business continuity lessons from last season’s hurricanes
Jun 5 2006 // Hurricane season is here, and it is time to evaluate the lessons learned from last year’s hurricanes. It is vital to note that the degree of impact, from a corporate perspective, could have been mitigated with...
