Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Citizens Board Agrees to Increase Florida Rates; OIR Approval Necessary
Dec 4 2005 // Home insurance rate increases as high as 31 percent for some properties, were approved Nov. 17 by the board of governors of Citizens Property Insurance Co., Florida’s insurer of last resort, and now have to go to the...
Preparing for Worst, Cat Modelers Say More Destruction Ahead
Dec 4 2005 // Florida has survived eight hurricanes in 15 months, but more destruction is coming, according to risk modeling companies and economists who spoke at the National Catastrophe Insurance Summit in Burlingame,...
Editor’s Note: Court Watch
Dec 4 2005 // For all you lawsuit junkies out there (does it take one to know one?), a Gulf Coast-based law firm has set up a Web log, or blog, that monitors lawsuits filed in relation to the hurricanes that hit Alabama, Louisiana,...
News Briefs
Dec 4 2005 // New Online License Service Available for Wash. Agents and Brokers Insurance agents, brokers and other insurance professionals licensed to transact business in Washington can now print copies of their licenses from their...
Insurance Commissioners Announce Framework for National Cat Program
Dec 4 2005 // Insurance regulators from California, Florida, Illinois and New York, on the heels of the National Catastrophe Insurance Summit held in November, are peddling the framework for a national catastrophe insurance program that...
Experts Predict More Advances Soon in Ability to Predict Hurricanes
Dec 4 2005 // Hurricane Wilma was briefly the most intense Atlantic storm on record as it moved through the Caribbean toward the Gulf Coast. That was the last thing Gulf residents wanted to hear. Two months earlier, Hurricane Katrina...
States Claim National Catastrophe Plan Would Save Taxpayers
Dec 4 2005 // Insurance regulators from California, Florida, Illinois and New York, on the heels of last month’s National Catastrophe Insurance Summit, are peddling a national catastrophe insurance program that they say would aid...
News Briefs
Dec 4 2005 // CONNECTICUT Work-Related Deaths: The number of deaths in Connecticut due to work-related injuries increased by 50 percent last year, rising from 36 to 54, according to a state report. Connecticut is one of 27 states to...
Editor’s Note: Preparing for Worse
Dec 4 2005 // Florida has survived eight hurricanes in 15 months, but more destruction is coming, according to experts at last month’s National Catastrophe Insurance Summit in Burlingame, Calif. It’s just a matter of time,...
Catlin Group Estimates Wilma Claims at $45 Million; Ups Katrina Loss
Dec 2 2005 // The U.K.’s Catlin Group Limited announced that its Bermuda operating subsidiary has completed its initial estimate of losses arising from Hurricane Wilma and has also reviewed its loss estimates for Hurricanes...
Scruggs, Bailey to Debate Coverage in the Aftermath of Hurricanes at UT Insurance Law Institute
Dec 1 2005 // The Continuing Legal Education division of the School of Law at the University of Texas at Austin announced that its 10th Annual Insurance Law Institute, to be held Dec. 7 – 9 at the Four Seasons Hotel in Austin,...
Condominium Associations Urged: Use Fla. Mediation Program to Settle Hurricane Claim Disputes
Dec 1 2005 // A mediation program to help condominium associations resolve disputes with their insurance companies over hurricane claims has been suggested by Tom Gallagher, Florida CFO. Gallagher said the mediation program, established...
Investors Turn Up Heat on Insurers to Disclose Risk from Climate Change
Dec 1 2005 // Citing the risks that they say insurance companies face from losses and financial risks associated with climate change, 20 U.S. investors led by several state treasurers urged 30 of the largest publicly-held insurance...
Everest Re Estimates Hurricane Wilma Losses at $230 Million
Nov 30 2005 // The Bermuda-based Everest Re Group, Ltd. announced that it estimates losses arising from Hurricane Wilma at $230 million on an after-tax basis. “This event, which impacted the Yucatan peninsula of Mexico and South...
Lloyd’s Ups Hurricane Losses to $3.27 Billion; Increases 2006 Capacity
Nov 30 2005 // Lloyd’s has issued an updated statement on the estimated financial impact on the market of Hurricanes Katrina, Rita and Wilma, based on the results gathered from “a Major Loss Return from each Managing...
Busiest, Costliest Atlantic Hurricane Season Ends; 2006 Could be Worse
Nov 30 2005 // The victims of the busiest and costliest Atlantic hurricane season on record may be comforted now that it’s finally ending Wednesday: No hurricane has been known to hit the United States between December and May. But...
Wilma’s $6 Billion Cost to Insurers Raises Industry’s Catastrophe Loss Total to Record $50 Billion
Nov 29 2005 // U.S. property/casualty insurers are expected to pay an estimated $6.1 billion to Florida policyholders for insured property losses from Hurricane Wilma, pushing year-to-date catastrophe losses to $50.3 billion, an all-time...
Experts Predict More Advances Soon in Ability to Predict Hurricanes
Nov 28 2005 // Hurricane Wilma was briefly the most intense Atlantic storm on record as it moved through the Caribbean toward the Gulf Coast. That was the last thing Gulf residents wanted to hear. Two months earlier, Hurricane Katrina...
Wellington Increases Loss Estimates from Fall Hurricanes
Nov 28 2005 // The U.K.’s Wellington Underwriting plc, whose wholly owned subsidiary Wellington Underwriting Agencies Ltd. manages Syndicate 2020 at Lloyd’s, has released a further update about the extent of losses sustained...
Busiest Hurricane Season on Record Ends Nov. 30
Nov 28 2005 // Hurricane Season 2005 officially comes to a close Wednesday Nov. 30 and according to Tom Gallagher, Florida’s CFO, people will be dealing with the aftermath for years to come. Nationwide, this season was the busiest...
