Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
RMS Releases “Fundamentally New” European Windstorm Model
May 30 2006 // Newark, Calif.-based Risk Management Solutions has launched “a fundamentally new platform for quantifying wind-related risk in 12 European countries,” said the announcement. “Meteorological modeling has...
Fla. Democrats Renew Calls to Fix Hurricane Insurance
May 26 2006 // Saying Floridians are “storming mad” about rising property insurance premiums, Democrats have renewed a call for lawmakers to do more on the issue, and warned that if they don’t, angry voters could take...
White Paper Voices Concern About Property Insurance Market’s Status
May 26 2006 // The insurance industry is bracing for another active hurricane season if predictions turn into reality. Most insurance companies, including the state-run insurer of last resort, have filed for rate increases as the entire...
Miss. Judge Rules Some State Farm Policy Exclusions Unenforceable
May 26 2006 // Provisions in a State Farm Fire & Casualty Co. policy that exclude certain damage from Hurricane Katrina are unenforceable, a federal judge in Gulfport, Miss. has ruled. A couple whose Long Beach home was damaged by...
Crist Reaches $609,000 Settlement from Hurricane Price Gouging
May 25 2006 // A settlement has been reached with a North Carolina-based company, resolving price gouging allegations stemming from the 2004 hurricane season, according to Florida Attorney General Charlie Crist. Southeastern Restoration,...
PIA of La. Stresses Preparation for 2006 Hurricane Season
May 24 2006 // Due to the upcoming start of Hurricane Season on June 1, the Professional Insurance Agents (PIA) of Louisiana launched a public awareness campaign that includes the following tips for insurance consumers to prepare for the...
Floridians Urged, Buy Tax-Free Supplies Now, Prepare for Hurricanes
May 24 2006 // Floridians are being urged to take advantage of the state’s “Hurricane Preparation Tax-Free Holiday,” which continues through June 1, and to prepare for the upcoming hurricane season by Tom Gallagher,...
What Happens If P/C Industry Catches the Flu; Program Best Practices; Giant Program Guide Highlight IJ Magazine
May 23 2006 // The potential exposures for the property casualty insurance industry have fallen under the radar in the discussions of the effects of an Avian flu or other pandemic. Most people keeping watch on the possible effects have...
Hurricanes Wrecked Many Retirement Dreams
May 22 2006 // Jim and Evelyn Burke’s Pensacola Bay, Fla. home provided a dream retirement for 13 years, evenings watching purple and pink sunsets on their private dock and mornings glimpsing dolphins frolicking outside their...
Floridians Upset Over Citizens Increases
May 22 2006 // Marci L. Rose’s home and rental properties escaped serious damage when hurricanes battered the state in 2004 and 2005, but she might lose them anyway. Like thousands of Floridians, the Key West real estate attorney...
Florida OKs Citizens Rate Increase of 16 Percent on Average
May 22 2006 // Florida residents whose homes are insured by Citizens Property Insurance will see their premiums go up by about 16 percent on average this year, although for some coastal residents the increase will be much higher. State...
U.S. insurers withstood record catastrophe losses in 2005
May 22 2006 // Strong capitalization, sound risk management and efficient global risk sharing enabled the U.S. property/casualty insurance industry to withstand record-setting catastrophe losses in 2005, according to Frank J. Coyne,...
Coverage issues at core of Hurricane Katrina-related litigation
May 22 2006 // The amount of property damage caused by Hurricane Katrina in Mississippi and Louisiana has been extensively reported, as has the fact that many people in those states did not have flood insurance coverage. As a result,...
Fla. legislative package targets Citizens deficits, mitigation; establishes oversight policies
May 22 2006 // The hurricane insurance package passed by the Florida Legislature just before adjournment May 5 is the most significant property insurance bill since major legislation following Hurricane Andrew in the early 1990’s,...
Hurricane winds could be felt in professional liability markets
May 22 2006 // The professional liability market may be significantly affected by the increase in frequency and severity of hurricanes, causing greater rating agency scrutiny and changes to evaluation models. “The three recent...
Re-modeling the models that evaluate risk
May 22 2006 // “In the past two years, natural disasters have reached an unprecedented frequency and intensity spreading chaos and misery, and leaving countless crumbled, tattered and water-logged properties in their wake....
Rensselaer model of New Orleans levee points to layer of clay
May 22 2006 // Preliminary findings from asimulation project suggest that during Hurricane Katrina the 17th Street Canal levee in New Orleans may have slid on a layer of weak clay just beneath the peat that underlies the earthen...
Hurricane winds could be felt in professional liability markets
May 22 2006 // The professional liability market may be significantly affected by the increase in frequency and severity of hurricanes, causing greater rating agency scrutiny and changes to evaluation models. “The three recent...
Coverage issues at core of Hurricane Katrina-related litigation
May 22 2006 // The initial decisions from Hurricane Katrina lawsuits provide some comfort to both insurers and insureds and potential warnings to insurance agents. The amount of property damage caused by Hurricane Katrina in Mississippi...
News Currents
May 22 2006 // Model of New Orleans levee points to layer of clay Preliminary findings from a simulation project suggest that during Hurricane Katrina the 17th Street Canal levee in New Orleans may have slid on a layer of weak clay just...
