Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
PIA National Gives $100,000 to La., Miss., Ala. State Affiliates
Sep 12 2005 // The National Association of Professional Insurance Agents will provide up to $100,000 in assistance to the three PIA state affiliates hit by Hurricane Katrina. Funds will be provided by PIA National to PIA of Louisiana,...
Hurricane Ophelia Taunts 250-Mile Stretch of S.C., N.C.
Sep 12 2005 // Hurricane Ophelia circled in the Atlantic Ocean off the coast of South and North Carolina on Sunday and will continue to do so today. More than 250 miles of coastline has been placed under a tropical storm watch from...
AXIS Says Hurricane Katrina Losses ‘Within Current Expectations’
Sep 12 2005 // Bermuda-based AXIS Capital Holdings Limited gave no figures for its estimated net losses from Hurricane Katrina, but indicated that they “are estimated to be within its current expectations of consolidated operating...
RenRe Comments on Katrina Impact
Sep 12 2005 // RenaissanceRe Holdings Ltd. has issued an initial assessment of the impact of Hurricane Katrina on its financial results. Bermuda’s premier property reinsurer gave no precise figures, indicating that “due to...
Best Comments on Katrina’s Impact on the Global Reinsurance Industry
Sep 12 2005 // As the Reinsurance Rendezvous opens in Monte Carlo, A.M. Best Co. has issued a comment on the possible impact of Hurricane Katrina on the global insurance industry. Many of the biggest European companies – Munich Re...
S&P Puts 10 Insurers on “Katrina” CreditWatch/Negative
Sep 12 2005 // Standard & Poor’s Ratings Services announced that it has placed its ratings on 10 interactively rated insurance and reinsurance groups on CreditWatch with negative implications due to their possible...
Adjusters Prowl Through Miss. Coast Shambles; Television Reports Called an ‘Understatement’
Sep 12 2005 // Insurance adjusters now trudging through the rubble along the Mississippi coast report they have never seen such massive destruction: houses totally demolished, businesses destroyed and especially heavy damage in...
LDI Web Site a Primary Source for Hurricane Katrina Recovery Information
Sep 12 2005 // The Louisiana Department of Insurance is updating daily important information regarding recovery from Hurricane Katrina, including company contact information, on the department’s Web site at...
Hurricane Ophelia Hits 85 mph, Stationary Off S.C., N.C.
Sep 10 2005 // Hurricane Ophelia has gained strength, with hurricane-force winds of 85 mph with higher gusts and is expected to make landfall along the southeast Atlantic coast Sunday evening or Monday–but the National Hurricane...
Aspen Estimates Katrina-New Orleans Flood Losses at $150 Million
Sep 9 2005 // Bermuda-based Aspen Insurance Holdings Limited announced its initial assessment of the losses sustained from Hurricane Katrina and the “Great New Orleans Flood” would be approximately $150 million. In...
Miss. Commissioner Dale Urges Insurers to Pay ‘All’ Valid Katrina Claims
Sep 9 2005 // Mississippi Insurance Commissioner George Dale has issued a bulletin to insurance companies urging insurers pay all valid claims from Hurricane Katrina. The bulletin warns insurers that if they deny a claim, they will be...
Erie Insurance Group Throws Support Behind Katrina Victims
Sep 9 2005 // While Pennsylvania-based Erie Insurance does not have policyholders in the areas impacted by Hurricane Katrina, the company is still doing its part in the recovery efforts. The company has launched a two-week campaign to...
New Orleans Flood Adds $15-$25B in Hurricane Katrina Insured Losses; Total Estimated Losses Rises to $40-$60B
Sep 9 2005 // Risk Management Solutions now estimates that insured losses from Hurricane Katrina are expected to be $40-$60 billion, of which $15-$25 billion are related to the Great New Orleans Flood. Total economic losses may now...
FEMA’s Brown Being Taken Off Hurricane Katrina Operations
Sep 9 2005 // With much discussion over just how quickly and effectively the federal government responded to Hurricane Katrina recovery efforts, Federal Emergency Management Agency Director Michael Brown may be the fall guy. Brown was...
PIA of La. Assisting Katrina Victims with Communications, Other Needs
Sep 9 2005 // The Professional Insurance Agents (PIA) of Louisiana announced it is assisting agents, carriers and policyholders in Louisiana in the aftermath of Hurricane Katrina. One of the biggest challenges right now is...
Wellington 1st Half Net Up 78% at $105 Million; Katrina Losses $75 Million
Sep 8 2005 // The U.K.-based Wellington Plc, which operates both in the Lloyd’s market and as a general insurer with several U.S. subsidiary companies, posted impressive first half results with net pre-tax profits up 78 percent to...
PIA of Georgia Collecting Donations for Hurricane Katrina Victims
Sep 8 2005 // The Professional Insurance Agents of Georgia are collecting donations for victims of Hurricane Katrina, which will be donated to the American Red Cross and the Salvation Army. According to Jerry W. Duke, executive vice...
New Report Warns of Rising Threat to Industry from Climate Change
Sep 8 2005 // Hurricane Katrina is a reminder to the U.S. insurance industry, companies, governments and the general public that all are at risk from escalating losses from hurricanes and other weather-related events due to climate...
State Farm Processing Over 200,000 Katrina Claims
Sep 8 2005 // State Farm, the largest insurer of homes and cars in the Gulf States, is servicing more than 223,000 property claims in Alabama, Louisiana, Mississippi and Florida in the wake of Hurricane Katrina. The number is expected...
Louisiana Proposes Insurance Company Restrictions
Sep 8 2005 // A draft order released by Louisiana’s insurance commissioner Wednesday would significantly restrict the ability of property and health insurance companies to cancel the policies of Hurricane Katrina victims in that...
