Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
ISO Reports Insurers’ Q3 CAT Losses Estimated At $2.9 Billion
Oct 14 2003 // Insurers are expected to pay $2.9 billion to homeowners and businesses for insured property losses from seven catastrophic events in the third quarter of this year — up more than 300 percent from the year-ago period —...
Vesta Names Executive VP., Updates Hurricane Isabel Losses
Oct 7 2003 // Alabama-based Vesta Insurance Group, Inc. announced that Thomas Mangold, has been elected executive vice president. Mangold, in addition to his new role as an executive officer of the holding company, will continue his...
Travelers Estimates $75 Million Loss from Hurricane Isabel
Oct 3 2003 // Travelers Property Casualty Corp. announced that its preliminary estimate for catastrophe losses resulting from Hurricane Isabel is approximately $75 million, after reinsurance and tax, based on approximately 33,000 claims...
Canadian Insurers Handling Hurricane Claims
Oct 2 2003 // The Insurance Bureau of Canada has issued a bulletin reassuring consumers that their property insurance will respond to storm-related damage caused by Hurricane Juan, which struck Nova Scotia and Prince Edward Island last...
Safeco Strengthens WC Reserves; Announces Estimates of Hurricane Isabel Losses
Sep 30 2003 // Following the completion of a previously announced review, Safeco strengthened reserves for workers’ compensation, affecting third-quarter financial results by $0.96 per diluted share. Safeco increased loss reserves...
Hurricane Juan Hits Canada’s Maritime Provinces
Sep 29 2003 // Hurricane Juan, a category 2 storm on the Saffir/Simpson scale with sustained winds of around 80 mph (130 kph), slammed into Nova Scotia and Prince Edward Island early this morning, bringing heavy rains and storm surge...
Industry Adopting Enhanced RMS Risk Models for U.S. Catastrophe Risk
Sep 26 2003 // Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, announced that its new third generation earthquake and hurricane models for the United States are being adopted...
RMS Updates Insured Loss Estimate for Hurricane Isabel to $600M
Sep 24 2003 // Risk Management Solutions (RMS) released a revised loss estimate of $600 million for wind-related claims from Hurricane Isabel, updating its initial estimate of $500 million released on Sept. 17. The company also reported...
Claims From Isabel Expected to Approach $1 Billion
Sep 22 2003 // U.S. insurers are likely to pay out close to $1 billion to help people whose homes, businesses and personal possessions were damaged by Hurricane Isabel, according to the Insurance Information Institute (I.I.I.) The storm,...
RMS Estimates Industry Losses of $500M from Hurricane Isabel
Sep 18 2003 // Risk Management Solutions (RMS) projected that Hurricane Isabel could cause insured losses in the $500 million range if the storm continues on its current track toward Cape Lookout in North Carolina. If the storm makes...
Isabel’s Impact Could Extend Beyond Atlantic Seaboard
Sep 18 2003 // Although meteorologists are continuously downgrading the anticipated strength of Hurricane Isabel, the storm could still wreak serious damage — and big insured losses — along the Atlantic seaboard, an insurance...
Check Home Cover in Path of Isabel
Sep 17 2003 // Property owners on the Atlantic seaboard who are bracing themselves for Hurricane Isabel should check their insurance coverage and take some basic precautions to secure their homes or businesses, advised the National...
Isabel Continues on Course towards East Coast
Sep 16 2003 // Hurricane Isabel continues to move towards the Eastern Seaboard at a leisurely 7 mph (11 kph). The storm is currently located around 700 miles (1130 kms) South-southeast of Cape Hatteras, and approximately 480 miles (770...
The Hartford Details Hurricane Safety Precautions
Sep 16 2003 // The Hartford Financial Services Group has issued a bulletin warning home and business owners to take precautionary steps to prevent injury and minimize potential damage from Hurricane Isabel, which may threaten states...
PartnerRe Weathers Hurricane Fabian
Sep 15 2003 // Bermuda-based PartnerRe Ltd. has issued a bulletin giving details on the impact of Hurricane Fabian, a Category 3 storm which hit the island on Friday, Sept. 5, 2003, with winds in excess of 140 mph (225 kmh), causing an...
Isabel Poised to Strike East Coast
Sep 15 2003 // Hurricane Isabel, the most powerful storm of the season, is poised to strike somewhere along the U.S. Eastern Seaboard as early as Wednesday night or Thursday morning. The 5-day forecast from the National Hurricane Service...
Isabel Packs Powerful Punch
Sep 12 2003 // Hopefully neither Bermuda, nor anyone else will have to face Hurricane Isabel. According to the latest bulletin from the National Hurricane Center, the storm’s maximum sustained winds are now around 160 mph (260...
Hurricane Isabel Now a Category 4 Storm
Sep 10 2003 // While Fabian has departed, his sister Isabel now poses a new threat. Currently located in the mid-Atlantic, about 875 miles (1410 kms) East-Northeast of the Leeward Islands, Isabel is a category 4 hurricane with sustained...
RMS Reconnaissance Team Preparing to Assess Damage in Bermuda
Sep 9 2003 // California-based Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, was preparing to send a reconnaissance team to Bermuda to assess the damage caused by Hurricane...
Four Missing as Fabian Slams Bermuda-Strongest Hurricane in 50 Years
Sep 8 2003 // Hurricane Fabian, a monster of a storm, packing winds of 120 mph (192 kph), slammed full force into Bermuda on Friday night, uprooting trees, downing power lines and causing extensive structural damage. Four people were...
