Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Three Residents Charged With Making False Hurricane Katrina Claims
Nov 21 2005 // Three Mississippi residents have been accused of making false claims to the Federal Emergency Management Agency for Hur-ricane Katrina relief funds. Dunn Lampton, U.S. Attorney for the southern district of Mississippi,...
Hurricanes Katrina and Rita: Exposing Settled (?) Insurance Coverage Issues
Nov 21 2005 // After any natural disaster, people who suffered property damage eventually look for sources of money to repair their damage and/or replace their loss with insurance being the first source for those with policies. In this...
Hurricane Rita Claims Expected to Hit $4.7 Billion
Nov 21 2005 // Majority of losses sustained in Louisiana, Texas. The Insurances Services Office expects property and casualty losses from Hurricane Rita to hit $4.7 billion, with the majority of losses occurring in Texas and Louisiana....
Insurer CEOs Address Cat Fallout at PCI Meeting
Nov 20 2005 // Several top insurance executives discussed the ramifications of Hurricane Katrina and other natural disasters in a panel discussion last month at the annual meeting of the Property Casualty Insurers Association of...
FLORIDA
Nov 20 2005 // Brian, Brad and Dean Shecht-man, cousins who allegedly swindled more than 1,200 elderly victims out of millions of dollars in a bait-and-switch insurance scheme are in the limelight again as details surface about a...
Barbecues, Mobile Centers Encourage Auto Owners to Turn in Wilma Claims
Nov 20 2005 // South Florida insurance agents encouraged the thousands of automobile owners who had vehicle damage during Hurricane Wilma to report them as soon as possible so they could be repaired, some agencies even held weekend...
Fla. CFO Gallagher Voices Support for Tax-Deferred CAT Fund Reserves
Nov 20 2005 // The serious challenge to Florida’s economy, the rising cost of property insurance and five solutions to hurricane issues were discussed on Nov. 7 in Tallahassee by Florida’s CFO Tom Gallagher at a briefing...
Carriers Flooded With Auto Damage Claims
Nov 20 2005 // Plantation, Fla., ‘Insurance Village’ The “Insurance Village” established by Florida’s Depart-ment of Financial Services in Plantation, Fla. west of Fort Lauderdale, had a lot of damaged...
News Briefs
Nov 20 2005 // FloridaFAIA Likes Due-Diligence Decision The Florida Association of Insu-rance Agents has filed an amicus (friend of the court) brief with the First District Court of Appeals in a case involving an insurance agent who...
News Currents
Nov 20 2005 // Hurricane Rita Claims Expected to Hit $4.7 Billion Majority of losses sustained in Louisiana, Texas. The Insurances Services Office expects property and casualty losses from Hurricane Rita to hit $4.7 billion, with the...
Hurricanes Katrina and Rita: Exposing Settled (?) Insurance Coverage Issues
Nov 20 2005 // After any natural disaster, people who suffered property damage eventually look for sources of money to repair their damage and/or replace their loss with insurance being the first source for those with policies. In this...
News Briefs
Nov 20 2005 // Arkansas Mobile Home Lawsuit Dismissed The Arkansas Court of Appeals dismissed a lawsuit filed by Nationwide Mutu-al Fire Insurance Co. over payment of a claim after a mobile home caught fire in Beebe, Ark. The Associated...
Carrier Watch is provided by LMC Capital
Nov 20 2005 // Stock Prices: Despite the devastation caused by the three major hurricanes which struck the Gulf Coast and parts of Florida sending reinsurers scrambling to raise money to prevent ratings downgrades, commercial lines...
Hurricanes Rita, Katrina Impact Progressive’s October Results
Nov 17 2005 // The Progressive Corporation today reported its financial results for October 2005. Net premiums written were $1.328.1 million, a 4 percent increase from $1,279.8 million in October 2004. Net premiums earned were $1,340...
Gulf Coast Firm Unveils Law Weblog for Hurricane-Affected Areas
Nov 16 2005 // McGlinchey Stafford PLLC, a law firm based in the Gulf Coast region, has launched a comprehensive resource for companies with business interests in hurricane-affected areas. The blog, found at www.hurricanelawblog.com,...
CORRECTION: Brit Estimates Wilma Claims at $65 Million; Total Hurricane Losses at $316.5 Million
Nov 16 2005 // The original article contained a significant mathematical error. U.K.-based international insurer and reinsurer, Brit Insurance Holdings PLC, announced that claims arising from Hurricane Wilma, net of reinsurance...
FEMA Pushing Dec. 1 Motel Check-Out for 53,000 Hurricane Families
Nov 16 2005 // The Department of Homeland Security’s Federal Emergency Management Agency (FEMA) is moving to end its subsidies for hotel and motel rooms for 53,000 families displaced by Hurricanes Katrina and Rita. On Dec. 1, 2005...
No Rate Change for TWIA; Texas Insurer Groups Question Why
Nov 16 2005 // Texas Insurance Commissioner Mike Geeslin ordered the rates of homeowners that purchase windstorm coverage from the Texas Windstorm Insurance Association (TWIA) to remain unchanged, while increasing commercial rates five...
Commissioner Wooley Supports Uniform Building Codes in La.
Nov 16 2005 // The Louisiana Department of Insurance released the following statement by Commissioner of Insurance Robert Wooley to the Louisiana Legislature expressing his support for the establishment of statewide uniform building code...
Major N.Y. Hurricane Would Cost $100 Billion, Warns Cat Model Firm AIR
Nov 16 2005 // A major hurricane making landfall in the New York City metropolitan area would result in approximately $50 billion of insured losses with total economic losses exceeding $100 billion, according to an expert testifying...
