Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
RMS Unveils First Hurricane Model to Include Effects of Extratropical Transition
Feb 13 2003 // Risk Management Solutions (www.rms.com), a provider of products and services for the management of catastrophe risk, has launched the third generation of its U.S. Hurricane model, the first such model to fully represent...
Midland Ups Estimates of Losses from Hurricane Lili
Nov 14 2002 // The Cincinnati-based Midland Company announced that it has reevaluated the projected impact of losses from Hurricane Lili on its October underwriting results for its American Modern Insurance Group subsidiary. It now...
La. Commission Updates Hurricane Estimates
Oct 18 2002 // Acting Commissioner of Insurance Robert Wooley announced that based on current industry loss data, the Department of Insurance estimates that Hurricane Lili caused $70 million in insured damages in Louisiana and Tropical...
ISO Estimates Insurers Will Pay $335M from Hurricane Lili’s Damage to Insured Property
Oct 17 2002 // Insurers are expected to pay $335 million to homeowners and businesses for insured-property losses from Hurricane Lili that struck Louisiana and Mississippi on Oct. 3, according to estimates by the Insurance Services...
Voodoo, Hurricanes and Insurance… in the Big Easy
Oct 14 2002 // AAMGA. ASCnet. NAPSLO. NAII. The Big I. And the list goes on… Each year, the insurance industry receives plenty of invitations to the industry’s biggest conventions, as well as countless local meetings to...
Voodoo, Hurricanes and Insurance… in the Big Easy
Oct 14 2002 // AAMGA. ASCnet. NAPSLO. NAII. The Big I. And the list goes on… Each year, the insurance industry receives plenty of invitations to the industry’s biggest conventions, as well as countless local meetings to...
Fitch Ratings Expects Low Losses From Hurricane Lili
Oct 10 2002 // Fitch Ratings announced the release of a special report titled, “Hurricane Lili: Storm Weakens before Landfall, Low Insured Losses Expected as a Result,” which predicts damages from the hurricane will not...
I.I.I. Estimates $600M in Claims from Hurricane Lili
Oct 7 2002 // Estimates from the Insurance Information Institute (I.I.I.) say that U.S. insurers could pay $600 million in claims as a result of Hurricane Lili, which began its attack on the Gulf Coast last week, and has continued with...
Lili May Become a “Major Hurricane” Today
Oct 2 2002 // Miami’s National Hurricane Center issued a new update on Hurricane Lili, currently located northwest of Cuba, warning that “maximum sustained winds have increased to near 110 mph, with higher...
The State of the Surplus Lines Market with Michael J. Hall
Sep 30 2002 // Insurance Journal publisher Mark Wells recently spoke with Michael J. Hall, chairman of M.J. Hall & Company Inc. and president of Golden Bear Insurance Company, both headquartered out of Stockton, Calif. Hall shared...
Hurricane Update – Isidore, Lili and Kyle
Sep 26 2002 // Tropical storm Isidore came ashore in southern Louisiana around 1:00 a.m. this morning, hitting the New Orleans area with heavy rains and high winds, but so far causing only relatively minor damage. One small tornado was...
Hurricane Isidore Hits Yucatan, Killing 4, May Move North
Sep 23 2002 // Hurricane Isidore smashed into Mexico’s Yucatan Peninsula on Sunday, packing 110 mph winds and dropping 12 to 20 inches of rain in some spots. Four persons were reported killed in storm related auto accidents. After...
Miami Hurricane Damage Could Cost $80B
Aug 19 2002 // A direct hit on downtown Miami by the most powerful type of hurricane could cause $80 billion in damage, far exceeding that of Hurricane Andrew, the costliest natural disaster in U.S. history, an insurance industry group...
I.I.I. Says 10 Years Later, Business Still Ill-Prepared for Hurricane
Aug 15 2002 // Mitigation efforts to reduce property damage, death, injuries and economic loss from the next Hurricane Andrew have been effective where applied, but their use has been spotty and in some cases their benefit diminished by...
The Storms Will be Out There: Average Hurricane Season Predicted
Jun 24 2002 // Colorado State University hurricane forecasters, led by Dr. William Gray, recently lowered this year’s Atlantic basin hurricane forecast numbers, but that hasn’t prevented insurance commissioners from states...
RMS
Jun 24 2002 // Risk Management Solutions has expanded its online services for real-time hurricane monitoring and information, coinciding with the start of the 2002 Atlantic Hurricane season on June 1. The expanded RMS monitoring services...
Hawaii Insurance Division Accepts AIR’s 2002 Hurricane Model
Jun 14 2002 // The Hawaii Department of Commerce & Consumer Affairs, Insurance Division, has accepted Air Worldwide Corporation’s (AIR’s) 2001 Hawaii hurricane model for use in rate filings in Hawaii. This is the first...
Long Island Faces Greater Hurricane Peril
Jun 10 2002 // As forecasters warn that the number of Atlantic hurricanes is likely to increase, and that the storms might become more violent, Long Island may be more exposed to storm related risks than other east coast areas. An...
RMS Expands Hurricane Monitoring Services
Jun 4 2002 // Experts are predicting an active hurricane season (See IJ Website June 3), and as a result Newark CA-based Risk Management Solutions (RMS), a leading provider of products and services for the management of natural hazard...
PIA, III Warn on Approaching Hurricane Season
Jun 3 2002 // Both the National Association of Professional Insurance Agents (PIA) and the Insurance Information Institute (III) have issued bulletins warning homeowners and businesses to prepare for an active hurricane...
