Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
A seriously shaken reinsurance industry rebuilds
Jan 23 2006 // Although Katrina is long gone, the clouds of misfortune she and her sisters generated will linger for decades. They radiate well beyond Louisiana, Florida, Texas, Mississippi, Alabama and other regions into the heart of...
2006 hurricane preparations top Mississippi’s legislative agenda
Jan 23 2006 // PCI pushing for stronger building codes Enacting and enforcing a strong statewide building code could save billions of dollars in damages from hurricanes and should be among the top priorities of Mississippi lawmakers...
Fla. Insurance Council predicts hurricane coverage utmost concern
Jan 23 2006 // Florida Insurance Council Executive Vice President Sam Miller predicts hurricane insurance will be the most significant property and casualty issue in 2006, just as it was in 2005, on the state level. “Congress, at a...
Fraud Alert
Jan 22 2006 // A Florida corporation and its owner selling fraudulent contracts for home health care services to senior Floridians has been sued by Attorney General Charlie Crist. Clearwater-based Intrust Home Care and its president, Roy...
Looking at 2005 accomplishments
Jan 22 2006 // PIA of Fla.: Citizens will be ‘Biggest challenge of 2006’ The biggest challenge faced by Florida insurance agents and a topic which will also be discussed by the Legislature during its spring sessions will be...
News Currents
Jan 22 2006 // 2006 hurricane preparations top Mississippi’s legislative agenda PCI pushing for stronger building codes Enacting and enforcing a strong statewide building code could save billions of dollars in damages from...
I.I.I.: Claims in La. Equal to 25 Years of Premiums
Jan 22 2006 // The record total of homeowners insurance claims payments resulting from the 2005 hurricanes in Louisiana is enough to wipe out all homeowners premiums paid in the state during the past 25 years, as well as every dollar of...
Reinsurance Outlook
Jan 22 2006 // Although Katrina is long gone, the clouds of misfortune she and her sisters generated will linger for decades. They radiate well beyond Louisiana, Florida, Texas, Mississippi, Alabama and other regions into the heart of...
Fla. Residents Urged to Purchase Flood Insurance for 2006 Hurricane Season
Jan 20 2006 // As Floridians continue to recover from the storms of 2004 and 2005, and the 2006 season fast approaches, it is vital that all property owners living and doing business in areas designated as flood zones by the National...
LIRC Approves Post-Katrina Rate Hikes
Jan 20 2006 // The first post-Katrina increase in homeowners insurance rates has been approved by the Louisiana Insurance Rating Commission, beginning what is expected to be a line of rate increase requests this year. The commission...
Entergy Reports $1.5 Billion in Hurricane Damage
Jan 20 2006 // Utility holding company Entergy Corp. reported that its damages from hurricanes Katrina and Rita totaled $1.5 billion and predicted its fourth-quarter earnings will drop from a year ago. Entergy said it expected earnings...
Mercury General Revises Loss Estimates from Hurricane Wilma
Jan 19 2006 // Mercury General Corp. has revised its estimate of losses caused by Hurricane Wilma. On Oct. 24, 2005, Hurricane Wilma made landfall as a Category 3 storm on the southern gulf coast of Florida. The storm crossed the Florida...
Former FEMA Director Witt Advocates Need for National CAT Fund
Jan 19 2006 // James Lee Witt, former FEMA director and co-chair of ProtectingAmerica.org, told the members of the Task Force on Long-Term Solutions for Florida’s Hurricane Insurance Market on Thursday that there is an urgent need...
National Hurricane Center Releases Final Report on Hurricane Wilma
Jan 18 2006 // Hurricane Wilma hit densely populated South Florida at Category 2 strength, and it was stronger than originally estimated when it struck Mexico, the National Hurricane Center said in its final report on the storm. Most...
Best Downgrades FSR for Louisiana Farm Bureau; Outlook Negative
Jan 18 2006 // A.M. Best Co. has downgraded the financial strength rating to B+ (Very Good) from A- (Excellent) of Louisiana Farm Bureau Mutual Insurance Company (LFB) (Baton Rouge, La.). The rating has been removed from under review and...
Despite Hurricanes, Fewer Insurers Failed in 2005, Reports Weiss Ratings
Jan 17 2006 // Despite mounting losses from another devastating hurricane season, property and casualty insurance company failures declined 44 percent, dropping from 16 to nine, while solid economic growth resulted in no bank closures in...
Everest Re Ups 2005 Hurricane Losses to $1.2 Billion
Jan 13 2006 // The Bermuda-based Everest Re Group, Ltd. announced that it has increased its loss estimates for Hurricanes Katrina, Rita and Wilma. Total pre-tax losses from these events, which had previously been estimated at $1.0...
Miss. Hurricane Victims Warned: Beware of Contractor Scams
Jan 12 2006 // Hurricane Katrina victims in Mississippi have been warned to beware of scam artists and disreputable contractors and to check contractors out closely before hiring them to do repairs, according to Robert Latham, director...
AIA: Paper on Insurance Claims Handling is Reckless
Jan 12 2006 // A paper issued Thursday by Americans for Insurance Reform (AIR) is “untrue, irresponsible and reckless,” according to the American Insurance Association (AIA). “Tens of thousands of insurance company...
Allstate Limits Homeowners’ Business in N.Y. Coastal Areas
Jan 12 2006 // Allstate, New York State’s biggest writer of homeowners insurance, is pulling back from writing new business in New York metropolitan coastal areas in order to limit its exposure to future storm losses. The insurer...
