Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Measuring Risk: Insurers’ day of reckoning arrives
Apr 3 2006 // The threat of more natural disasters could make 2006 a watershed year in how the insurance industry measures risk. With American carriers revamping their reporting and management structures, insurers are expected to...
Totally ready or just terrorism ready?
Apr 3 2006 // Is the nation’s terrorism-centric focus hurting its efforts to plan for other disasters? Dr. James L. Valverde Jr., director of economics and risk management for the Insurance Information Institute, posed that...
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...
Northeast warned ‘historic’ weather disaster could hit this year
Apr 3 2006 // The northeast U.S. coast is “long overdue” and could be the target of a serious hurricane, perhaps as early as this season, according to forecasters. Weather experts at the AccuWeather.com Hurricane Center say...
Commissioner Long calls for strengthening N.C. building codes
Apr 3 2006 // North Carolina officials believe tougher and better building codes are essential to protect property along the coast and safeguard the state’s strong property insurance market. News Currents Tougher building code...
Lawyer: Whistleblower helping build case against insurer in Hurricane Katrina lawsuit
Apr 3 2006 // A high-profile litigator in Moss Point, Miss. said that a whistleblower is helping him build a case against insurers who denied thousands of claims from policyholders whose homes were destroyed in Hurricane...
have to be destroyed, howmany more lives have to be
Apr 3 2006 // City have the same protections as the people in Miami who have stronger building codes in place?” Legislative Update Stronger building codes called for in Florida Panhandle Residents in Florida’s Panhandle will...
Texas insurers see profits despite Hurricane Rita
Apr 3 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...
Louisiana, Texas look to bonds for cat funding
Apr 3 2006 // With record hurricane losses in back to back seasons, states along the U.S. Gulf Coast are aiming to boost reserves for their insurers of last resort through the issuance of catastrophe bonds. Louisiana is hard at work...
News Currents
Apr 3 2006 // TDI’s Selden explains department’s high tech, high touch approach And tells a good news/bad news story along the way Texas Department of Insurance Senior Associate Commis-sioner for Consumer Affairs Audrey...
Managing Disasters
Apr 3 2006 // Totally ready or just terrorism ready? Is the nation’s terrorism-centric focus hurting its efforts to plan for other disasters? Dr. James L. Valverde Jr., director of economics and risk management for the Insurance...
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...
