Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Editor’s Note: Hurricane Fatigue
Apr 3 2006 // While homeowners and businesses can physically pickup the pieces following a natural disaster, mending the hearts and minds of those in the field is not so easy. Four industry CEOs recently described the emotional impact...
Risk Management Solutions predicts hurricane activity to increase losses by 40 percent
Apr 3 2006 // Risk Management Solutions, Newark, Calif., expects increases in hurricane landfall frequencies will increase modeled annualized insurance losses by 40 percent on average across the Gulf Coast, Florida and the Southeast,...
Measuring Risk: Insurers’ day of reckoning arrives
Apr 3 2006 // “The ultimate objective is for an insurer is to use an ERM framework to better understand and manage the correlation and diversification of risk across the company and uses this information to determine overall risk...
Flood-damaged vehicles surface on used car lots
Apr 3 2006 // An estimated 500,000 cars were damaged by hurricanes last year. Unfortunately, many of these vehicles have been purchased by dishonest auto dealers, cleaned up and then sold, with their flood damage history illegally...
Standard & Poor’s Assigns ‘A-‘ Rating to La. Citizens Bonds
Mar 31 2006 // The Louisiana Department of Insurance reported that the rating agency Standard & Poor’s has given the Louisiana Citizens Property Insurance Corporation (Citizens) bond issue an ‘A’-minus rating,...
Texas Joint Committee on Windstorm Coverage Selected
Mar 30 2006 // Texas Lieutenant Governor David Dewhurst and Speaker Tom Craddick recently released the names of Senate and House of Representatives appointees to the Joint Select Committee on Windstorm Coverage. The Joint Select...
Lloyd’s Pleased with Firms 2005 Results Despite Hurricanes
Mar 29 2006 // Ewan Gilmour, Chief Executive of the U.K.’s Chaucer insurance group and Lloyd’s Deputy Chairman, issued a statement praising the market’s underwriters for delivering a series of good results, following...
Gov. Sanford Says S.C. Must Heed Katrina Wake-Up Call
Mar 29 2006 // After the thousands of deaths and billions of dollars in damage from last year’s record hurricane season, emergency planners must “imagine the unimaginable” in preparing for a storms, South Carolina Gov....
Aon Global Market Property Tracker Shows Rates Still Falling
Mar 28 2006 // According to Aon’s first “Global Market Property Tracker” the “slide in international property insurance rates” appears to be continuing despite “a number of terrorism incidents around...
Racicot Comments: Miss. Lawsuit Overshadows Katrina Recovery
Mar 28 2006 // The unprecedented devastation along the Mississippi Gulf Coast wrought by Hurricane Katrina has prompted an outpouring of public and private resources to communities and individuals who have lost everything, Governor Marc...
Florida Lists How to Obtain Wind Insurance Incentives
Mar 28 2006 // Tips about how to obtain wind insurance incentives have been issued by the Florida Department of Financial Services on the department’s website. According to DFS, Floridians may be entitled to discounts on insurance...
Federal Judge Rejects Allstate Request to Dismiss Miss. Hurricane Lawsuit
Mar 27 2006 // A federal judge in Gulfport, Miss. has refused to throw out a lawsuit that a couple filed against Allstate Insurance Co. after the insurer refused to cover damage to their home from Hurricane Katrina. The lawsuit, filed by...
Florida Website to Help Homeowners Prepare for Hurricane Season
Mar 27 2006 // Tips about how to prepare for hurricanes and tropical storms and lessen the impact of a major storm have been posted on the Florida Department of Financial Services website. According to DFS, Floridians may be entitled to...
Most Texas Insurers Profited Despite Hurricane Rita
Mar 24 2006 // Texas home insurers turned substantial profits last year despite Hurricane Rita’s destruction, prompting state regulators to question whether some companies’ rates are too high, the Associated Press...
Risk Management Solutions Predicts Hurricane Activity to Increase Losses by 40 Percent in Florida and Gulf Coast
Mar 23 2006 // Risk Management Solutions, Newark, Calif., expects increases in hurricane landfall frequencies will increase modeled annualized insurance losses by 40 percent on average across the Gulf Coast, Florida and the Southeast,...
La. Commissioner Working to Generate Cat Bond Funding for State
Mar 23 2006 // The Louisiana Department of Insurance reported that Commissioner of Insurance Jim Donelon was invited to meet with the nation’s largest bond insurers and bond rating agencies in New York recently in a continued...
Aon Re Issues Global Study on Customer Catastrophe Segmentation
Mar 22 2006 // Aon Re Inc. has published the results of a study of companies that have implemented more sophisticated customer segmentation strategies over the past few years. The report concludes that overall returns for the personal...
Fla. Lawmaker Pushes Hurricane Insurance Surcharges for Vacation Homes
Mar 22 2006 // Owners of vacation and second homes would be slapped with a 25 percent surcharge on policies obtained from the state’s insurer of last resort under a proposal unveiled by a Senate committee chairman. That’s one...
Texas Governor Issues Order on Hurricane Evacuation Procedures
Mar 22 2006 // Texas Gov. Rick Perry issued an executive order that implements most of the recommendations of the Task Force on Evacuation Transportation and Logistics. “Our goal is to learn from the lessons that Hurricane Rita...
Volunteer Helping in Hurricane-Damaged Home Finds $30K
Mar 22 2006 // A college student was spending her spring break cleaning out hurricane-damaged homes in New Orleans when she discovered some unusual papers among the moldy plasterboard and debris, the Associated Press reported. “I...
