Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Uncertainties Worry Conventioneers
Oct 25 2004 // Clear skies prevailed over Florida during October’s ASCnet and Big “I” conferences in Orlando, but an underlying feeling of anticipation prevailed because the hurricane season lasts until the end of...
Dispute Mediation Program Begun for Hurricane Victims
Oct 25 2004 // Disgruntled Florida storm victims dissatisfied with their insurers can expedite settlements and keep the disputes out of court with mediation—at the insurance company’s expense. About two million Floridians are...
HURRICANE IVAN LOSSES IN ALABAMA $279M TO $325M:
Oct 25 2004 // Alabama-based The Alfa Insurance Group and Alfa Corporation have commented on the effects of Hurricane Ivan. “Hurricane Ivan had a significant impact on certain counties in Alabama and created a large number of...
GOV. WANTS HURRICANE REPORT:
Oct 25 2004 // Texas Gov. Rick Perry has directed state Homeland Security Director Steve McCraw to assess Texas’ ability to handle large-scale evacuations in the event of a catastrophic hurricane, the governor’s office...
TDI Schedules Texas Windstorm/Hail Conference
Oct 22 2004 // The recent experience of Florida, which is recovering from not one or two but four serious storms in a single hurricane season, has underscored the need for Texas officials to reevaluate the state´s potential risks due to...
Northern Capital Insurance Co. to Begin Writing Homeowners Policies in South Florida in 2005
Oct 22 2004 // Northern Capital Insurance Company announced it plans to begin writing homeowners policies in Southeast and Southwest Florida in 2005. Alexander Anthony and Albert Fernandez, the principal shareholders of Citizens...
Argonaut Unveils Hurricane Claims Exposure
Oct 20 2004 // San Antonio-based Argonaut Group Inc. has reported that, based on claims information currently available, the combined effect of Hurricanes Charley, Frances, Ivan and Jeanne is estimated to result in pre-tax losses, net of...
ZFS Says Net Hurricane Claims Around $400 Million
Oct 19 2004 // Zurich Financial Services Group announced that it expects aggregate claims payments related to the four recent Atlantic hurricanes to be approximately $525 million before tax and net of reinsurance. “This corresponds...
Safeco Unveils Q3 Numbers, Notes Hurricane Impact
Oct 19 2004 // Seattle-based Safeco on Tuesday reported third-quarter results, reflecting strong fundamentals in a period with substantial hurricane losses and the loss on the sale of Life & Investments. The company posted a net...
Fla. CFO Reports 5th Arrest of Unlicensed Public Adjuster Working in Hurricane-Damage Area
Oct 18 2004 // A Pennsylvania man working in the Fort Myers, Florida area was arrested by investigators with the Department of Financial Services on a charge of operating as a public adjuster without a license. Albert E. McBride III, 36,...
Allmerica Notes Impact from Hurricane Jeanne
Oct 18 2004 // Massachusetts-based Allmerica Financial Corp. announced estimated pre-tax catastrophe losses of approximately $30 million related to Hurricane Jeanne. The company expects to cede all Hurricane Jeanne losses to reinsurers,...
Best Reacts to Allstate Floridian’s Capital Management Efforts Following Hurricanes
Oct 18 2004 // A.M. Best Co. reported this week that it acknowledges Allstate Floridian Insurance Group’s (Allstate Floridian) (Northbrook, Ill.) capital management efforts following Hurricanes Charley, Frances, Ivan and...
A.M. Best Affirms FSR for Florida Farm Bureau Group
Oct 18 2004 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of the Florida Farm Bureau Group. The rating applies to Florida Farm Bureau Casualty Insurance Company and its fully reinsured subsidiary, Florida...
Unitrin Tabs Full Hurricane Losses at Less Than $15M
Oct 17 2004 // Chicago-based Unitrin, Inc. announced that it expects its net losses resulting from Hurricanes Charley, Frances, Ivan and Jeanne combined will be less than $15 million after-tax. Unitrin had previously disclosed that its...
Insurers to Pay $6B on Claims for Hurricane Ivan
Oct 15 2004 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6 billion for insured property losses from Hurricane Ivan, according to ISO’s Property Claim Services (PCS) unit. Hurricane...
Wind Insurance Hikes Slap Coastal Residents
Oct 15 2004 // Coastal homeowners are getting socked again, and it has nothing to do with Charley, Frances, Ivan or Jeanne. Homeowners who buy hurricane insurance on their homes through Citizens Property Insurance Corp., the...
St. Paul Travelers Sees $94 Million in Ivan Losses
Oct 14 2004 // The St. Paul Travelers Cos. announced that it estimates losses from Hurricane Ivan to be about $94 million, after tax and reinsurance. The St. Paul, Minn., insurer said about $49 million of its losses came on its...
W. Va. Hurricane Ivan Aid at $10.5 Million
Oct 14 2004 // Federal and state funds to assist West Virginians with flood recovery efforts have reached $10.5 million, state and federal recovery officials said this week. President Bush’s Sept. 20 Hurricane Ivan disaster...
AIG Reports on Hurricane, Typhoon Losses; $500-$515 Million After Tax Net Losses Expected
Oct 14 2004 // American International Group Inc. (AIG) has issued an estimate of its total expected losses relating to Hurricanes Charley, Frances, Ivan and Jeanne, and Typhoons number 16 (Chaba), 18 (Songda) and 21 (Meari) in Japan. AIG...
Fla. Begins Hurricane Victim Dispute Mediation Program Following Storms
Oct 12 2004 // Disgruntled storm victims dissatisfied with their insurers now have an option intended to expedite settlements and keep the disputes out of court — mediation, at the industry’s expense. About 2 million Floridians...
