Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Fla. Lawmakers Nelson, Foley Voice Support for National CAT Fund
Sep 19 2005 // Two Florida lawmakers, Sen. Bill Nelson (D-Fla.) and U.S. Rep. Mark Foley (R-Fla.), have voiced support for a national catastrophe fund insurance companies would establish to provide extra funding in the event of...
FEATURE: Midwest Insurers Pitch In for Katrina Relief
Sep 19 2005 // In the wake of Hurricane Katrina, insurers in the Midwest rose to the challenge, not only by getting adjusters on the ground as quickly as possible, but offering volunteer services and monetary contributions as well. The...
Hurricane Katrina: The Legal Saga Begins
Sep 19 2005 // The New Orleans tragedy may spawn a wave of litigation related to flood protection and levee failures. Public statements, which may serve as a foundation for massive public safety legal claims, began Sept. 1. Based on the...
States Take on Hurricane Relief
Sep 19 2005 // The wheels of state governments across the continent are spinning into action to cope with the far-reaching devastation of Hurricane Katrina. Nearly all states are pitching in somehow. At least 40 states are providing...
States Reopen their Disaster Playbooks in Light of Hurricane Katrina
Sep 19 2005 // Mark K. Matthews With the horrors from Hurricane Katrina still flashing on live TV, Connecticut emergency officials and Gov. M. Jodi Rell (R) met recently to decide how to evacuate 100,000 coastal residents if a Category 4...
New Orleans-Based GEB Insurance Agency Weathers Katrina
Sep 19 2005 // Before Hurricane Katrina, Gillis, Ellis and Baker Insurance, a New Orleans-based independent insurance brokerage that writes casualty insurance, liability benefits, health, employment, risk management and seismic vessel...
Weathering the storm
Sep 19 2005 // Hurricane Katrina could be called an industry nightmare. Some insurers were still reeling from the effects of the Asian tsunamis and last year’s four hurricanes. Yet when Katrina struck in late August, she forced...
HURRICANE KATRINA: The Legal Saga Begins
Sep 19 2005 // The New Orleans tragedy may spawn a wave of litigation related to flood protection and levee failures. Public statements, which may serve as a foundation for massive public safety legal claims, began Sept. 1. Based on the...
Hurricanes Getting Stronger Even as Worldwide Total Drops
Sep 16 2005 // The number of Category 4 and 5 hurricanes worldwide has nearly doubled over the past 35 years, even though the total number of hurricanes has dropped since the 1990s, according to a study by researchers at the Georgia...
AIIA Launches Hurricane Katrina ‘Blog’
Sep 16 2005 // The Alabama Independent Insurance Agents have launched a Hurricane Katrina ‘blog’ on which information can be logged chronologically to provide information, commentary or thoughts about Hurricane...
Hurricane Ophelia Lashes Cape Lookout, N.C.; Serious Flooding, 11-foot Storm Surge Predicted
Sep 15 2005 // Hurricane warnings are up over a 220 mile stretch of North Carolina’s coast, from Surf City, north of Wilmington to the Virginia line as officials fear serious flooding and a possible 11-foot storm surge. Early...
Lloyd’s Estimates Katrina Impact at $2.54 Billion
Sep 15 2005 // Following a review by all of its 44 managing agents, who operate its 62 active syndicates, Lloyd’s issued a bulletin indicating that its preliminary estimate of losses from Hurricane Katrina are approximately 1.4...
Meadowbrook Insurance Group Expects No Big Hits from Hurricane Katrina
Sep 15 2005 // Meadowbrook Insurance Group Inc. on Thursday reported that, although potential claims information is very preliminary, it does not expect its net losses to be significant from Hurricane Katrina. Meadowbrook President and...
Citizens COO Allegedly Took Kickback; Florida CFO Gallagher Launches Investigation
Sep 15 2005 // Florida’s CFO Tom Gallagher announced on Thursday afternoon he has launched a fraud investigation into allegations by Universal Risk Insurance Services of Houston, Texas, that R. Paul Hulsebusch, chief operating...
Best Takes Various Rating Actions in Wake of Katrina
Sep 15 2005 // Due to the evolving effects of Hurricane Katrina, A.M. Best Co. has been aggregating public and private information in order to assess the financial impact it will have on insurers. A.M. Best expects all rated companies...
AXA RE Estimates Impact of Hurricane Katrina Losses at $200 Million
Sep 15 2005 // AXA RE, the active reinsurer of France’s AXA Group, said the impact from Hurricane Katrina will probably result in total net losses of approximately $200 million before tax. “This estimate is net of reinsurance...
Crawford & Co. Adjusting Claims in Unusual Circumstances Following Hurricane Katrina
Sep 15 2005 // The aftermath of Hurricane Katrina, which looks to be the worst natural disaster the United States has ever experienced, has created unusual circumstances that even the most seasoned of Crawford & Company’s...
Industry Opens Hurricane Insurance Information Center
Sep 15 2005 // In the aftermath of the Hurricane Katrina, the U.S. insurance industry has established the Hurricane Insurance Information Center (HIIC) in Jackson, Mississippi. Additional centers will be opened in other Gulf Coast...
XL’s Katrina Net Losses 1.75% of Industry Totals (Around $700 Million)
Sep 14 2005 // Bermuda-based XL Capital Ltd. announced that, based on initial analyses performed by the Company and preliminary estimates received to date, its “net losses (excluding net reinstatement premiums) relating to...
Endurance Estimates Net Katrina Losses Between $375-$450 Million
Sep 14 2005 // Bermuda-based Endurance Specialty Holdings Ltd. said its initial estimates of losses, net of reinsurance, reinstatement premiums, and tax benefits, related to Hurricane Katrina are between $375 and $450 million. The...
