Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Why Catastrophe Bonds Are Anything But a Disaster: Viewpoint
Sep 11 2018 // Leave it to catastrophe bonds to be among the most well-functioning debt markets out there. Issuance of “cat bonds” has climbed to more than $11 billion this year, about the same as this time in 2017, when...
Hurricane Florence a Reminder of Flood Insurance Reforms Stalled in Congress
Sep 11 2018 // U.S. taxpayers who spent billions of dollars after a trifecta of hurricanes last year are poised to do so again after a fix to the nation’s troubled flood insurance program remains stalled in Congress — and as...
CoreLogic: 759K Homes, $170B in Reconstruction Value at Risk from Florence Storm Surge
Sep 11 2018 // Nearly 759,000 homes with a reconstruction cost value (RCV) of approximately $170.2 billion are at potential risk of storm surge damage from Hurricane Florence based on its Category 4 status, CoreLogic said in an analysis...
Facebook Says Community Help Feature Ready to Assist Florence Recovery Efforts
Sep 10 2018 // After a relatively slow start to the 2018 season, three hurricanes are now churning in the Atlantic on potential tracks toward the U.S. east coast and the Caribbean. Ahead of Hurricane Florence’s projected landfall...
Update: ‘Extremely Dangerous’ Hurricane Florence Prompts Evacuations in Carolinas
Sep 10 2018 // Tuesday, Sep 11, 2018, 5:47 am— Florence continued to roll toward the U.S. East Coast, poised to become the strongest hurricane in almost 30 years to hit the Carolinas as more than 1 million people began fleeing a...
ILS Market Could Bear 20% of Hurricanes Harvey, Irma, Marie Loss: A.M. Best
Sep 10 2018 // The insurance-linked securities (ILS) market potentially could bear up 20 percent of the insured losses generated by Hurricanes Harvey, Irma and Marie, according to an A.M. Best report. These three hurricanes during a...
Update: Hurricane Florence Poses Threat to Carolinas, Virginia Later This Week
Sep 9 2018 // Updated Monday, Sept 10, 8:17 am —Top winds for Hurricane Florence grew to 105 miles (169 kilometers) per hour as it pushed westward toward the U.S. East Coast, a major threat to homes, agriculture and the waning tourist...
The Lowdown: Top Private Flood Carriers, High Tides, Storm Surges & More
Sep 9 2018 // As I watch the daily tracking of Hurricane Florence and anticipate its potential destruction, I am compelled to revisit this June blog post and share it with you once again. In the words of Peter Criss, “I...
As Gordon Dumps Heavy Rains in the South, Florence Races Toward Bermuda
Sep 6 2018 // Tropical Depression Gordon moved north on Thursday, threatening central U.S. states with heavy rain, while Hurricane Florence churned toward Bermuda, packing maximum sustained winds of 115 miles per hour (185 kph),...
East Coast Warned Hurricane Florence May Visit Next Week
Sep 6 2018 // As the remains of Tropical Storm Gordon soak the Mississippi Valley, forecasters are tracking a major hurricane deep in the Atlantic Ocean that could threaten the U.S. East Coast next week. Hurricane Florence, a Category 4...
U.S. Report Says Lack of Staff, Resources, Planning Hurt FEMA’s 2017 Disaster Response
Sep 6 2018 // The federal government’s chief watchdog slammed the Federal Emergency Management Agency’s response to the hurricane that killed thousands of people in Puerto Rico last year, saying it was unprepared and failed...
Update: Weakened Gordon Dumps Heavy Rains; Hurricane Florence Heads Toward Bermuda
Sep 5 2018 // Tues., Sept 6, 1:16 am— Tropical Depression Gordon was expected on Thursday to dump more heavy rains that could cause flooding in central U.S. states as Hurricane Florence, a monster Category 3 storm, churned toward...
Florida Insurance Chief Warns of AOB Scams as Storm Gordon Lingers Over Gulf Coast
Sep 5 2018 // Florida’s top insurance regulator has issued a warning to residents facing damage from Tropical Storm Gordon, the first major storm to impact the state in the 2018 Hurricane Season. Florida Insurance Commissioner...
Record Numbers of Named Hurricanes Form in Pacific, with Much Quieter Atlantic
Sep 4 2018 // Hurricanes in the Atlantic and Pacific oceans follow a see-saw pattern — when one region is down, the other is usually up. And with the Atlantic quiet this year, the Pacific is setting records. There’s been a...
Tropical Storm Gordon to Become Hurricane, Strike Gulf Coast Tuesday; Flood Damage Expected
Sep 3 2018 // Tropical Storm Gordon will grow into a hurricane as it grazes offshore natural gas and oil fields, where it has already sparked evacuations, before coming ashore over the lower Mississippi Valley later on Tuesday or early...
A Tale of Two Floridas: Hurricane Irma’s Belated Impact on Reinsurers
Sep 3 2018 // Reinsurers expressed different views of loss developments related to Hurricane Irma, when executives reviewed the impact of the Florida event on second-quarter earnings reports last month. Everest Re was among those...
6 Small Businesses Share Disaster Recovery Stories
Aug 31 2018 // As small business owners in Hawaii and California clean up following Hurricane Lane and wildfires, they’ll find there’s no one formula for recovery. The same disaster can devastate businesses in divergent ways...
Calm August No Guarantee of Hurricane-Free September
Aug 31 2018 // Where are all the big Atlantic storms? A year ago, Hurricane Harvey made landfall in Texas, kicking off a parade of destructive storms that made 2017 the costliest Atlantic season ever. So far in 2018, the region has been...
Houston Eyeing Designer Bonds to Pay for $15B Ike Dike
Aug 30 2018 // A massive dike to hold back storm-driven floods surging in from the Gulf of Mexico was first proposed after Hurricane Ike devastated the Houston-area coast a decade ago. Last year’s Hurricane Harvey disaster brought...
Virginia Reminds Homeowners to Review Property Coverage Before a Hurricane
Aug 30 2018 // Although hurricane activity in the Atlantic has been relatively quiet so far for 2018 with only five named storms to date, the Virginia State Corporation Commission’s (SCC) Bureau of Insurance is reminding Virginians...
