Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Fla. Attorney General: Price Gouging Complaints Rise for Repairs, Cleanup
Nov 2 2005 // With Floridians beginning the rebuilding process in the wake of Hurricane Wilma’s assault one week ago, Attorney General Charlie Crist said his office’s Price Gouging Hotline has seen a spike in repair and...
Horace Mann Reports Q3 Results
Nov 2 2005 // Horace Mann Educators Corporation today reported net income of $1.0 million (2 cents per share) and $61.2 million ($1.32 per share), respectively, for the three and nine months ended Sept. 30, 2005, compared to a net loss...
Montpelier Re: Net Loss in Q3 of $875M
Nov 2 2005 // Bermuda-based Montpelier Re Holdings Ltd. reported a net loss of $875.1 million, or $12.16 loss per share, for the three months to Sept. 30, 2005 and a net loss of $691.9 million, or $10.49 loss per share, for the first...
Two OIR Orders Protect Florida Victims of Hurricane Wilma
Nov 1 2005 // Two protective orders, one protecting consumers from being dropped by their insurers while repair work is being done, and a second prohibiting insurance companies from canceling of non-renewing any insurance policy until...
J.D. Power: Hurricanes Play Major Role in Homeowners Customer Satisfaction
Nov 1 2005 // Major hurricanes, such as the ones that have ravaged the Gulf Coast states in the past two years, have had a significant negative impact on homeowners insurance customer satisfaction in those states, according to the J.D....
White Mountains Notes Book Value Per Share of $345
Nov 1 2005 // Bermuda-based White Mountains Insurance Group Ltd. ended the third quarter of 2005 with a fully converted tangible book value per share of $345, down $14 from the second quarter of 2005 primarily due to the Gulf Coast...
Carriers Flooded With Auto Damage Claims from Hurricane Wilma
Nov 1 2005 // The “Insurance Village” established in Plantation, Fla. near Fort Lauderdale by the Department of Financial Services, had a lot of damaged vehicles in the lot, and many auto policyholders were seen in the...
ISO: Insurers to Pay Hurricane Rita’s Victims $4.7B for Insured Property Losses
Nov 1 2005 // U.S. property/casualty insurers will pay an estimated $4.7 billion for insured property losses to residential and commercial policyholders affected by Hurricane Rita, according to preliminary analysis by ISO’s...
Beta Batters Nicaragua
Oct 31 2005 // Hurricane Beta came ashore Saturday on Nicaragua’s Eastern coast about 60 miles (100 kms) south of Puerto Cabezas with winds up to 110 mph (175 km hr). The storm tore the roofs off many buildings, uprooted trees and...
TRH Posts $144.2 Million Q3 Loss
Oct 31 2005 // Transatlantic Holdings, Inc. (TRH) joined the roster of third quarter hurricane victims, posting a $144.2 net loss for the period, or $2.19 per common share (diluted), compared to a net loss of $21.8 million, or 33 cents...
Wilma’s Aftermath: Dade, Broward Counties Await Electricity; Agents Expect An Onslaught of Claims
Oct 31 2005 // Four days after Hurricane Wilma crossed southwest Florida and tore into South Florida, insurance agents told Insurance Journal they had not encountered the onslaught of claims they expected, but since a large percentage of...
Mercury General Notes Q3 Results
Oct 31 2005 // Mercury General Corporation reported Monday net income rose to $73.0 million ($1.33 per share-diluted) in the third quarter 2005 compared with $65.1 million ($1.19 per share-diluted) for the same period in 2004. For the...
After Hurricane Wilma: Claims Piling Up As Cleanup Begins in Naples; In Some Areas Power Could Be Out for Weeks
Oct 28 2005 // Southwest and South Florida are recovering, very slowly, from the after-effects of Hurricane Wilma, which crossed over Naples on Monday and then speedily traveled due east to Miami and South Florida. Margaret M. Weems,...
Arch Capital Posts $86.3 Million Q3 Loss from Hurricanes
Oct 28 2005 // The Bermuda-based Arch Capital Group Ltd. has duly taken its turn at the hurricane whipping post, reporting a third quarter net loss of $86.3 million, or $1.15 per share â??on a pro forma basisâ?? (explained in a...
PXRE Posts $317.3 Million Q3 Net Loss
Oct 28 2005 // The Bermuda-based PXRE Group Ltd. also fell victim to the third quarter disaster, posting a net loss of $317.3 million, compared to a net loss of $73.2 million in the third quarter of 2004, which wasn’t particularly...
TS Beta Threatens Central America
Oct 28 2005 // Tropical storm Beta, the 23rd named storm of the current season, is churning the waters of the Caribbean off the coast of Nicaragua. According to the latest bulletin from Miami’s National Hurricane Center, Beta is...
ProCentury Sees $6 Mil Hurricane Losses in Q3
Oct 28 2005 // ProCentury Corporation reported after-tax losses for the third quarter from hurricanes Katrina and Rita of approximately $6.0 million, or $0.46 per diluted share, net of expected reinsurance and including estimates of...
Vesta Subsidiary Estimates Hurricane Wilma Losses at $4.5 to $8.5 Million
Oct 28 2005 // Vesta Insurance Group, Inc. announced that its preliminary net loss estimate from Hurricane Wilma for its subsidiary, Florida Select Insurance Company, is expected to be in the range of $4.5 to $8.5 million, after recovery...
XL Says Q3 Cats Will Cost $1.47 Billion; Fitch Lowers Ratings
Oct 27 2005 // XL Capital Ltd. will officially announce its third quarter results on Monday, Oct. 31, but it has already indicated in a preliminary announcement that it expects to report an impressive $1.47 billion in net losses for the...
Hurricane Katrina Causes Unemployment Rate in La. to Double
Oct 27 2005 // The Louisiana Department of Labor reported that the preliminary September unemployment rate for Louisiana soared to 11.5 percent after Hurricane Katrina, marking the highest unemployment rate in the state since January of...
