Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
CAT Modelers: Ivan’s Estimated Losses Up to $10B
Sep 20 2004 // Initial estimated insured losses from Hurricane Ivan range from about $2 billion to about $10 billion, according to catastrophe modelers Eqecat, Inc. The estimated range of insured losses takes into account Category 3...
Safeco Estimates Losses from Hurricane Frances
Sep 20 2004 // Seattle-based Safeco announced that its pretax catastrophe losses stemming from Hurricane Frances are estimated at $28 million. This figure represents the estimated losses both from claims received through Sept. 20, 2004...
PCI Claims Hurricane Ivan Proves Need for Tougher Fla. Building Code
Sep 20 2004 // Last month’s decision by the Florida Building Commission to add more stringent wind provisions to the Florida Building Code was reportedly especially perceptive in the wake of three – and possibly four –...
Surplus Line Carriers
Sep 20 2004 // First Responders Once upon a time, the excess and surplus line market was the safety valve of the insurance industry—the more lightly regulated, more financially shaky little brother to the admitted market. It was said...
Ivan Not Finished With U.S.; I.I.I. Reports on Florida Hurricane Damage
Sep 18 2004 // While he lost his hurricane designation several days ago, what was Hurricane Ivan continued to bring misery to the United States, spawning more tornadoes and drenching areas from Georgia up through Pennsylvania in the last...
RMS: Potential Losses for Hurricane Ivan, $2 to $7 Billion
Sep 17 2004 // Risk Management Solutions (RMS), reported that insured losses from Hurricane Ivan in the U.S. are likely to range from $2 to $7 billion, based on updated information on landfall location and wind speeds. Additional insured...
Fitch Estimates Ivan May Become Second Costliest Hurricane For U.S. P/C Insurers
Sep 17 2004 // Chicago-based Fitch Ratings has issued some preliminary comments on the extent of the losses from Hurricane Ivan’s destructive rampage through Alabama, Florida and other Gulf Coast States. Fitch noted that...
Jeanne Heads for Bahamas; Karl on the Horizon as South Regroups
Sep 17 2004 // After briefly gaining hurricane strength, Tropical Storm Jeanne’s wind speed slowed as it drifted West-Northwestward along the north coast of Hispaniola. Even the comparatively slow winds – around 65 mph (104...
Florida CFO Reports Progress in Emergency Response Efforts in Wake of Hurricane Ivan
Sep 17 2004 // Florida’s Chief Financial Officer Tom Gallagher, who also serves as the State Fire Marshal, on Friday offered an update on search and rescue efforts and thanked emergency responders for their crucial, life-saving...
Gulf Coast DRC Resumes Operations as Ivan Moves On
Sep 17 2004 // State and federal officials announced that another Disaster Recovery Center (DRC) in Lee County, Florida has resumed operations, bringing to 23 the number of centers now open to assist victims of hurricanes Charley and...
Ga. Gov. Perdue Urges USDA to Expedite Disaster Assistance for Farmers Following Frances
Sep 17 2004 // Following the Governor’s initial request, the Georgia State Emergency Board is recommending approximately 100 counties for federal disaster assistance. Georgia’s crops were severely impacted by the high winds...
Lessons Learned From Hurricanes Passed on to Owners Set to Rebuild
Sep 16 2004 // State and federal disaster recovery officials are urging owners who are rebuilding after hurricanes Charley and Frances to consider taking steps now to minimize damage in future storms. “There is no better time than...
Aftermath of Ivan: Hundreds of Thousands Without Power, Heavy Rains Continue
Sep 16 2004 // Hurricane Ivan slammed ashore in Gulf Shores, Ala., early Thursday with winds of 130 mph, packing deadly tornadoes and a powerful punch of waves and rain that threatened to swamp communities from Louisiana to the Florida...
Fla. CFO Sends Specialists in to Help Residents Suffering From Ivan’s Wrath
Sep 16 2004 // Florida’s Chief Financial Officer Tom Gallagher expressed his concern for Floridians who suffered the loss of loved ones or damage to their homes and property due to Hurricane Ivan. Gallagher is sending insurance...
Alabama Gov. Riley Requests Federal Disaster Declaration as Ivan Hits
Sep 16 2004 // Alabama Gov. Bob Riley announced during a news conference at the Alabama Emergency Operations Center on Wednesday he has requested President Bush declare 44 counties federal disaster areas due to Hurricane Ivan. “We...
Jeanne Following Familiar Caribbean Path
Sep 16 2004 // While her big brother Ivan terrorizes the U.S. Gulf Coast (see related articles), little sister Jeanne has remained an active tropical storm, but could become the season’s next hurricane. Jeanne, the 10th named storm...
President Declares Disaster Areas for Alabama, Louisiana, Mississippi
Sep 16 2004 // The head of the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced today that President Bush ordered the release of federal disaster funds and emergency resources for...
Safeco Team Deployed for Hurricane Ivan
Sep 16 2004 // Seattle-based Safeco’s National Catastrophe Team is deploying additional claims professionals to Alabama and surrounding states to aide customers recovering from Hurricane Ivan. Safeco claims professionals are...
President Bush Declares Third Major Disaster for Florida as Result of Ivan
Sep 16 2004 // The head of the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced today that President Bush has ordered the release of all necessary federal disaster aid resources for...
Hurricanes Have Travelers Flocking to Insurance Hotline
Sep 15 2004 // As Hurricane Ivan approaches the southeastern U.S. from the Caribbean, anxious travelers have the phones ringing at Travel Guard International. “As the hurricane approaches, causing evacuations and cancelled flights,...
