Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
CLEANUP BEGINS AFTER HURRICANE JEANNE:
Oct 11 2004 // At least six people were killed by the fourth hurricane to hit the state in six weeks. After Hurricane Jeanne came ashore in Fort Pierce, the east coast was pummeled with 120 mph winds, while by the time she crossed over...
$13 TO $15 B HURRICANE DAMAGE LOSSES ESTIMATED:
Oct 11 2004 // The triple-whammy hits of hurricanes Ivan, Frances and Charley combined probably produced about $13 billion to $15 billion in losses, according to catastrophe modeler Risk Management Solutions of Newark, Calif. The losses...
FREEZE PLACED ON HOMEOWNER’S POLICIES:
Oct 11 2004 // Florida’s State Cabinet approved a measure recommended by Florida Chief Financial Officer Tom Gallagher to impose a 60-day grace period on premium payments and non-renewals for homeowners insurance, in the aftermath...
MOBILE HOMES BEAR BRUNT OF HURRICANE DAMAGE IN FLORIDA:
Oct 11 2004 // Despite improvements in construction and safety standards since Hurricane Andrew, damage to mobile homes in the paths of recent hurricanes was significant according to the Property Casualty Insurers Association of America...
GEORGIA PURSUES FEDERAL DAMAGE ASSESSMENT:
Oct 11 2004 // Georgia Gov. Sonny Perdue has directed the Georgia Emergency Management Agency (GEMA) to pursue a federal damage assessment in the wake of Hurricane Frances, and is also expected to request a similar assessment of damage...
HURRICANES PROVE COMMERCIAL INSURANCE’S VALUE:
Oct 11 2004 // Business owners who debate the need for insurance coverage have learned an invaluable lesson from hurricanes Charley and Frances, according to the Property Casualty Insurers Association of America (PCI). In the aftermath...
Remember the Lessons of Hurricane Andrew
Oct 11 2004 // Due to efforts to rebuild the Florida property insurance market after Hurricane Andrew, most policyholders in the wake of 2004s more costly hurricane season should not face the same post-Andrew price increases or limited...
Amlin Estimates Net Losses from Hurricanes and Typhoons at $133 Million
Oct 10 2004 // Amlin, a leading Lloyd’s insurer, has released its estimates for losses relating to Hurricanes Charley, Frances, Ivan and Jeanne, together with Typhoon Songda, indicating that gross claims are around $263 million...
Platinum Estimates Q3 Net Impact From Recent Hurricanes at Approximately $130 Million
Oct 8 2004 // Bermuda-based Platinum Underwriters Holdings, Ltd. announced that, based on currently available information, it estimates the net after-tax negative impact on third quarter results from Hurricanes Charley, Frances, Ivan...
Fla. Policyholders Being Dropped After Hurricanes
Oct 8 2004 // After going through four hurricanes, some residents have reportedly been dropped by their insurance company. But before an insurance company can drop or change someone’s policy, there are legal steps they must take...
EMC Reports Q3 Estimated Losses from Jeanne
Oct 8 2004 // Iowa-based EMC Insurance Group Inc. has reported that the company’s reinsurance segment anticipates that losses associated with Hurricane Jeanne, which hit the State of Florida on Sept. 25, will be capped at $1.5...
Swiss Re Estimates Hurricane Jeanne Claims at Around $150 Million
Oct 7 2004 // Swiss Re announced that, based on current estimates, it expects claims related to Hurricane Jeanne to be approximately $150 million before tax. The bulletin noted that Jeanne was the “fourth hurricane to make...
Everest Re Holdings Estimates Hurricane, Typhoon Losses at Around $120 Million
Oct 7 2004 // Everest Reinsurance Holdings, Inc., a wholly owned subsidiary of Bermuda’s Everest Re Group, Ltd. announced that its share of the aggregate estimated losses previously announced by the Group from the Florida...
St. Paul Travelers Ivan Losses Around $94 Million
Oct 7 2004 // St. Paul Travelers announced that it estimates losses from Hurricane Ivan to be approximately $94 million, after tax and reinsurance. It said the losses were attributable to its business segments as follows: —...
The Midland Co. Projects Q3 Profit Despite Hurricanes
Oct 7 2004 // The Midland Company, a Cincinnati-based provider of specialty insurance products and services, has projected a third quarter profit, despite volatile weather conditions during the quarter. “We are anticipating...
Vesta Offers Preliminary Hurricane Loss Estimates
Oct 7 2004 // Alabama-based Vesta Insurance Group Inc. announced that its gross loss, before reinsurance, from Hurricane Ivan is expected to be in the range of approximately $7.0 to $12.0 million and approximately $23.0 to $37.0 million...
Wellington Puts Hurricane Losses at $27 Million
Oct 6 2004 // U.K. Lloyd’s insurer Wellington Underwriting plc announced that the net impact on the Group’s profit before tax for 2004 from the recent hurricanes would be approximately £15 million ($27 million). Wellington...
PXRE Estimates Hurricane Losses at $80-$105 Million
Oct 6 2004 // PXRE Group Ltd. announced from Bermuda that it estimates it will incur claims from Hurricanes Charley, Frances, Ivan and Jeanne, net of reinsurance recoverables, reinstatement premiums, and taxes, of $80 to $105 million....
Arch Estimates Q3 Hurricanes and Typhoon Impact at Around $140 Million
Oct 6 2004 // The Bermuda-based Arch Capital Group Ltd. announced that, based upon current estimates, it expects net losses, on an after-tax basis, resulting from Hurricanes Charley, Frances, Ivan and Jeanne and Typhoon Songda to impact...
Texas Gov. Requests Hurricane Preparedness Report
Oct 6 2004 // Texas Gov. Rick Perry notified legislators from coastal areas across the state that he has directed Homeland Security Director Steve McCraw to assess Texas’ ability to handle large scale evacuations in the event of a...
