Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Ireland Readies for Hurricane Ophelia, One of Its Strongest Storms in 50-Plus Years
Oct 13 2017 // Ophelia strengthened into a Category 2 hurricane forecast to strike Ireland, where one of the nation’s strongest storms in half a century threatens everything from farms to a golf course owned by the family of U.S....
Lloyd’s Outlook Is Negative on Hurricane Losses; Ratings Affirmed: S&P
Oct 13 2017 // S&P Global Ratings has revised its outlook on the Society of Lloyd’s to negative from stable, while reaffirming the market’s ‘A+’ insurer financial strength and long-term counterparty credit...
Hurricane-Battered Flood Insurance Program In Need of Funding
Oct 13 2017 // The U.S. National Flood Insurance Program, struggling with the costs of this year’s record hurricane season, will run out of money as early as Oct. 23 unless Congress takes action. The Federal Emergency Management...
House Approves $36.5B Disaster Aid with Puerto Rico, Wildfires, Flood Insurance Funds
Oct 12 2017 // The U.S. House of Representatives on Thursday approved $36.5 billion in emergency relief for hurricane-hit Puerto Rico and other areas that have suffered recent disasters. In addition to the U.S. territory of Puerto Rico,...
$36.5 Billion House Disaster Aid Bill Includes Funds for Puerto Rico, Wildfires, Flood Insurance
Oct 12 2017 // House lawmakers unveiled a bill Tuesday night that would provide $36.5 billion in emergency funding for hurricane and wildfire relief requested by the Trump administration. With Congress under pressure to provide urgent...
XL Group Estimates $1.48B in Q3 Natural Catastrophe Losses
Oct 12 2017 // XL Group Ltd. announced its preliminary estimate of net losses of approximately $1.48 billion from third quarter natural catastrophes. Included within that figure is $1.33 billion in losses relating to Hurricanes Harvey,...
How Aerial Imaging Is Speeding Hurricane Claims Settlements
Oct 12 2017 // In the wake of three devastating hurricanes this season, many carriers and vendors used drones and airplanes to assess structural storm damage. This use of aerial imaging combined with machine learning has fostered...
KCC Estimates U.S. Insured Losses from Hurricane Nate Could Reach $500M
Oct 10 2017 // Based on high resolution wind and storm surge models, Karen Clark & Company (KCC) has estimated that the insured loss in the U.S. from Hurricane Nate will be close to $500 million. KCC’s modeled loss estimates...
Insurers, Reinsurers Tally Maria, Irma, Harvey and Other Disaster Losses
Oct 10 2017 // Losses from Hurricane Maria and other recent natural disasters, including hurricanes Irma and Harvey, the Mexico City earthquake and other events, have led global insurers and reinsurers to issue profi warnings.t Below are...
Texas Congressional Delegation Seeks Additional $19B in Federal Harvey Aid
Oct 9 2017 // The Texas congressional delegation has requested $19 billion to help the Lone Star State recover from Harvey, with both Republicans and Democrats teaming up behind a request to repair water projects and help homeowners and...
White House $29B Disaster Aid Includes Flood Insurance Changes
Oct 9 2017 // The Trump administration last week asked Congress for $29 billion in disaster aid to cover ongoing hurricane relief and recovery efforts and to pay federal flood insurance claims. The request comes as the government is...
After Hurricane, Bond Insurer Drops Lawsuit Against Puerto Rico
Oct 8 2017 // Puerto Rico bond insurer Assured Guaranty Ltd. said late on Friday it voluntarily withdrew a complaint that challenged the legality of the island’s fiscal turnaround plan, citing the devastating impact of Hurricane...
Estimated $2.5 Billion Gulf Coast Damage from Nate Less Than First Feared
Oct 7 2017 // Oil companies were heading back into the Gulf of Mexico and working to restore operations after Hurricane Nate fizzled out over the U.S. South on Sunday. While an estimated 93 percent of U.S. oil production in the Gulf was...
Sunday Update: Weakened Tropical Storm Nate Brings Rain, Tornado Warnings to South
Oct 7 2017 // Hurricane Nate weakened to a tropical depression on Sunday after coming ashore in Mississippi, flooding roads and buildings but sparing the state from catastrophic damages. Maximum sustained winds from Nate, the fourth...
Left Out of Disaster Tax Relief Program, Louisiana Offers Bigger Flood Aid Loans for Small Businesses
Oct 6 2017 // Gov. John Bel Edwards’ administration is boosting the size of loans available to small businesses damaged by last year’s flooding in Louisiana and is extending the deadline for applications. The Restore...
Q3 2017 Likely to Be One of Costliest for Natural Disasters: Aon Report
Oct 6 2017 // The third quarter of 2017 is likely to break a new record as one of the costliest quarters for natural catastrophes, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. “The...
Gulf Coast on Hurricane Watch As Tropical Storm Nate Strengthens
Oct 6 2017 // Tropical Storm Nate, which has already shut oil and gas platforms in the Gulf of Mexico, strengthened as it continued north on a path that’ll bring it ashore in the U.S. by week’s end. Nate was about 115 miles...
Partner Re, RenRe & Third Point Re Estimate Q3 Natural Catastrophe Losses
Oct 6 2017 // Three more reinsurers released their initial loss estimates from third quarter natural catastrophes, which include Hurricanes Harvey, Irma and Maria and the Mexico City earthquake. PartnerRe Ltd. estimates combined...
Hurricane Irma Caused $2.5B in Damage to Florida Crops
Oct 6 2017 // State officials say Hurricane Irma caused more than $2.5 billion in damage to Florida’s agricultural community. Irma dealt Florida’s iconic orange crop the most devastating blow causing more than $760 million...
Hurricane Cars Declared ‘Total Losses’ by Adjusters Are Now Back on Roads
Oct 5 2017 // The ink on the “total loss” insurance paperwork, like the 2007 Range Rover itself, was still wet when Morgan Moran began trying to buy his vehicle back after Hurricane Matthew last year. The insurance adjuster...
