Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Horace Mann Reports Hurricane Impact
Sep 30 2004 // Illinois-based Horace Mann Educators Corp. estimates its financial impact from Hurricane Frances and Hurricane Ivan, net of anticipated reinsurance, will total approximately $23 to $26 million pretax. In addition, the...
Penn-America Group Notes Hurricane Losses
Sep 29 2004 // Pennsylvania-based Penn-America Group Inc. stated that based upon claims reported to date, it expects after-tax losses from Hurricanes Charley, Frances, Ivan and Jeanne, including additional reinsurance premiums, will be...
SCOR Estimates Q3 Hurricane Losses at $27.5 Million
Sep 29 2004 // France’s SCOR Group estimates that the total gross cost of the cost of the hurricanes in the United States and in the Caribbean, Charley, Frances and Ivan, to be 22.5 million euros million ($27.5 million). SCOR noted...
W. Va. Hurricane Ivan Aid at $2.5 Million
Sep 29 2004 // Federal and state grants to assist West Virginians with flood recovery efforts have reached $2.5 million, state and federal recovery officials said on Wednesday. President Bush’s Sept. 20 Hurricane Ivan disaster...
Fla. Insurers Often Waive Multiple Deductibles
Sep 29 2004 // Many insurance companies are waiving additional deductibles for people who’ve suffered losses from more than one hurricane. Hurricane Jeanne’s path poses the grim prospect of triple insurance deductibles for...
Florida Farm Bureau Uses Satellite Mapping to Speed Insurance Claims
Sep 29 2004 // With more than half of Florida’s 17 million residents directly affected by Hurricane Charley and Hurricane Frances, the Florida Farm Bureau (FFB) Insurance Companies is using geographic information system (GIS)...
Jeanne Makes 2004 Costliest for U.S. Hurricane Losses
Sep 28 2004 // Hurricane Jeanne, the fourth major storm to hit Florida this year, has caused between $4 billion and $14 billion in insured losses in the state, meaning that 2004 may now be the insurance industry’s costliest year...
PartnerRe Estimates Q3 Hurricane Losses
Sep 28 2004 // Bermuda-based PartnerRe Ltd. said it estimates that claims relating to its exposure to Hurricane Ivan are expected to be between $35-$45 million, with the loss split equally between U.S. and Caribbean exposures. “The...
Alliance Mutual Teams with Homes4NC to Aid Hurricane Victims in Western Part of N.C.
Sep 28 2004 // Alliance Mutual Insurance Company, based in Greensboro, North Carolina, has partnered with Homes4NC, the North Carolina Association of REALTORS® Housing Opportunity Foundation, to aid those in Western North Carolina who...
S&P Comments on Hurricane Jeanne’s $7 Billion Impact on U.S. P/C Insurers
Sep 28 2004 // Standard & Poor’s Ratings Services has issued a comment on the state of the U.S. property/casualty insurance industry and its short- and intermediate-term prospects in the wake of Hurricane Jeanne, the fourth...
21st Century Notes Losses from Jeanne
Sep 28 2004 // Edward (Ted) Lawson, president and chairman of the Board of Florida-based 21st Century Holding Company, offered comments about Federated National Insurance Company, a subsidiary of 21st Century, following Hurricane...
$4.4 Billion Claims Expected for Hurricane Frances
Sep 27 2004 // Homeowners and businesses are expected to file claims totaling an estimated $4.4 billion for insured property losses from Hurricane Frances, according to a preliminary estimate by ISO’s Property Claim Services (PCS)...
Hurricane Jeanne Tears Fresh Path of Destruction Through Florida
Sep 27 2004 // Hurricane Jeanne, the fourth major hurricane in six weeks, shut down much of Florida and prompted recovery plans on a scale never before seen in the nation. At least six people died in the storm, which plowed across...
RLI Sees $3 Million in Ivan Losses
Sep 27 2004 // Peoria, Ill.-based surplus line insurer RLI Corp. has reported a preliminary range of after-tax losses from Hurricane Ivan of $3 million to $3.5 million. This estimate is based on actual claim activity to date and...
Insurance Claims Being Tallied for Four Hurricanes
Sep 27 2004 // Roofers and raw materials are scarce. Owners of storm-ravaged homes and businesses are grumbling about delays. And the combined number of insurance claims from Hurricanes Charley, Frances and Ivan is expected to overtake...
RMS Estimates $4 to $8 Billion Insured Losses from Hurricane Jeanne
Sep 27 2004 // Risk Management Solutions (RMS) estimates insured losses from Hurricane Jeanne will be between $4 to $8 billion, based on an assessment of the hurricane’s characteristics at the time of landfall and its projected...
EMC Notes Q3 Estimated Hurricane Losses
Sep 27 2004 // Iowa-based EMC Insurance Group Inc. has reported that losses associated with three of the four hurricanes that hit the southern United States during the third quarter of 2004 are estimated to total approximately $6.9...
Swiss Re Estimates Hurricane Ivan, Typhoon Songda Claims Around $300 Million
Sep 27 2004 // Swiss Re announced that, based on current estimates, it expects its claims related to Hurricane Ivan and Typhoon Songda to be approximately $300 million before tax. The bulletin noted that these estimates are in addition...
Jeanne Hits Florida Head-on; Causes Major Damage
Sep 27 2004 // Jeanne, once a rather weak tropical storm, roared ashore on Florida’s Eastern Coast early Sunday morning with the full fury of a massive Category 3 hurricane. While scenes of devastation played across TV screens...
AIR Worldwide: Jeanne Costs at $5 to $9 Billion
Sep 27 2004 // AIR Worldwide estimates that insured losses from Hurricane Jeanne will fall between $5 billion and $9 billion. This estimate was calculated by AIR Tropical Cyclone Model and is based on data provided by the National...
