Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
SPECIAL REPORT: Surplus Lines
Mar 19 2006 // Earthquakes, floods and wildfires oh my! Solid disaster recovery plan keeps surplus lines brokerage firm afloat in New Orleans In the wake of Hurricane Katrina, the New Orleans area office of Crump Insurance Services was...
National Association of Insurance Commissioners
Mar 19 2006 // The Antifraud Task Force cited the need for a uniform database that would allow state authorities to track vehicles damaged by floods. Federal Bureau of Investigation targeting insurance fraud Agent reports to insurance...
National Council of Insurance Legislators
Mar 19 2006 // Panelists agreed unanimously that uniform statewide building codes are necessary to have everyone prepared for hurricanes and that local building departments had to enforce stronger codes. Up-to-date building codes,...
Editor’s Note: 72 days and counting until
Mar 19 2006 // Legislators are meeting across the Southeast to discuss a wide variety of insurance issues: Proposals in Florida would designate hurricane tax revenue to help pay for hurricane repairs; there are a dozen proposals in...
North Pointe Holdings Corp. Reports Fourth Quarter Results
Mar 17 2006 // Southfield, Mich.-based North Pointe Holdings Corporation reported financial results for the fourth quarter ending December 31, 2005. Fourth quarter results include pre-tax expenses attributable to hurricane losses and...
Judges in New Orleans Trying to Fast Track Hurricane Lawsuits
Mar 17 2006 // Civil courts in New Orleans, La., have begun trying to speed up storm-related lawsuits – many of them against insurance companies – that deal with who should pay for property damages caused by hurricanes...
Insurers Seek to Boost Hurricane Insurance Along Texas Coast
Mar 16 2006 // Texas insurers are seeking state approval of a plan to bolster a windstorm insurance pool for coastal property owners at risk during hurricane season. The industry wants the Legislature to approve $800 million in bonds to...
Dale Reports Miss. Insurers Have Made Solid Progress
Mar 15 2006 // A report in Jackson, Miss. by Insurance Commissioner George Dale shows that six months after Hurricane Katrina struck a devastating blow to the Gulf Coast, major insurers have made solid progress and are committed to...
La. Homeowners Face Waiting Game in State’s Housing Assistance Plans
Mar 15 2006 // Anita Richardson’s insurance company gave her $4,500 to repair what her contractor says is $50,000 worth of damage done when Hurricane Katrina ripped apart the roof of her New Orleans, La., home and poured about two...
Hiscox Weathers Hurricanes, But 2005 Profits Decrease
Mar 14 2006 // Hiscox Plc, the U.K.-based Lloyd’s and specialty insurer, released its 2005 preliminary results on Monday, March 13. Although Hiscox was one of many companies whose earnings were adversely affected by last...
Dale to Speak in Memphis About Hurricane Katrina
Mar 14 2006 // The trials and tribulations encountered after Hurricane Katrina will be discussed by Mississippi Commissioner of Insurance George Dale, the featured speaker during the Thursday, March 16 monthly meeting of the Independent...
Aon Study Reveals Investors More Intolerant of Catastrophe Risk
Mar 14 2006 // Aon Re Global announced today that it has produced research on the impact of earnings volatility on shareholder value for insurers and reinsurers. Hurricane Katrina and the entire hurricane season provided an interesting...
Fla. Forum Topic: Disappearing Markets, Looming Hurricanes
Mar 14 2006 // Challenges like disappearing markets, looming hurricanes and the quest to add more to the bottom line will all be addressed during a Professional Insurance Agents of Florida Member Forum on May 12 in Orlando at the Caribe...
Hurricane-related Jobless Benefits Extended in La.
Mar 13 2006 // President Bush has authorized the extension of disaster unemployment benefits to individuals affected by hurricanes Katrina and Rita, the Louisiana Department of Labor announced. “Approximately 92,000 people whose...
Stronger Building Codes Called for in Florida Panhandle
Mar 10 2006 // Residents in Florida’s Panhandle will remain vulnerable to the destructive forces of hurricanes until lawmakers stand up to irresponsible special interests that have worked to keep much of Northwest Florida exempt...
JLT 2005 Profits Down 20%
Mar 8 2006 // Jardine Lloyd Thompson Group plc. has reported a 20 percent drop in pretax profits in its preliminary earnings report. The U.K.’s largest insurance broker said that profit “before tax, exceptional items and...
N.C. Committee Petitioned to Strengthen Building Codes
Mar 8 2006 // Tougher building code standards aimed at reducing future hurricane damage in North Carolina have been forwarded to a state committee studying disaster management by Insurance Commissioner Jim Long. Long petitioned the...
Fla. Sen. Fasano Supports Gallagher’s Rate Relief Plan
Mar 7 2006 // Florida Senator Mike Fasano, R-Dist. 11, has added his name to the growing list of legislators who support Tom Gallagher’s plan to use tax revenue derived from hurricane reconstruction costs for immediate insurance...
Preparing for the worst
Mar 6 2006 // According to a new report released by GE Insurance Solutions, massive growth along the nation’s coastlines has dramatically increased the potential for insured losses, even without a cyclical increase in the...
Max Mayfield gives wind conference ‘bad news’
Mar 6 2006 // There is no reason to think there will be any change in hurricane patterns in the near future; the number of hurricanes have been increasing since 1995 and there is no doubt that they will continue to do so for the next...
