Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Assurant Finalizes 2013 P/C Reinsurance Program
Jul 2 2013 // Assurant, Inc., a provider of specialized insurance and insurance-related products and services, has finalized the structure of the company’s 2013 Property Catastrophe Reinsurance Program, including $185 million of...
How Catastrophe Experts Model Hurricane-Induced Storm Surge
Jul 1 2013 // The 2004 and 2005 North Atlantic hurricane seasons were a turning point in the way the property/casualty insurance industry viewed hurricane risk. The needs of the insurance industry required catastrophe models to...
The Disaster Issue – Where Insurers Fear to Tread
Jul 1 2013 // One storm is all it takes these days. Anyone who’s been paying attention needn’t be reminded that even a post-tropical cyclone can cause major damage. That’s what Sandy was when she came on shore in New...
Florida Panel Certifies Latest AIR Hurricane Model Release
Jun 25 2013 // The Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) has certified the latest version of AIR Worldwide’s hurricane model. The commission has been certifying models for use by insurers for...
Florida Taxpayers Owe Binnun a Debt of Gratitude
Jun 19 2013 // Florida’s state-run Citizens Property Insurance Corp. announced earlier this week that Chief Financial Officer Sharron Binnun has resigned to take a job in the private sector. Her departure from Citizens is...
Claims Pros’ Own Survival Skills Tested in Oklahoma Tornadoes
Jun 17 2013 // Michael Pelonero came to Moore to help victims of the May 20th tornado. But he hadn’t planned on trying to outrun one. When a massive EF-5 twister cut a swath through the central Oklahoma suburb of Moore, it left 24...
Homeowners Struggle with Rising Insurance Costs
Jun 17 2013 // When Stan Virden moved into his 2,400-square-foot house overlooking a rock-lined canal in 1996, he paid less than $1,000 a year for homeowners insurance. Now, as he seeks to move to Atlanta to be near family, Virden says...
Insured Property Values in Coastal States Top $10 Trillion; Florida Has Most at Risk; Miami Ranks 2nd Among Metros
Jun 17 2013 // In separate reports AIR Worldwide and CoreLogic estimated insured property values in coastal areas of the United States reaching into the trillions of dollars. CoreLogic, focusing on residential properties exposed to storm...
U.S. Insurers Financially Prepared for Hurricanes in 2013: Fitch
Jun 7 2013 // There is sufficient capacity available in insurance and reinsurance markets to provide sufficient coverage and withstand potential losses from hurricane related perils this storm season, according to Fitch Ratings’...
Tropical Storm Andrea Weakens Over Florida After Fueling Tornadoes
Jun 6 2013 // Tropical Storm Andrea lost strength as it passed over northern Florida on Thursday evening and is forecast to drench much of the U.S. Southeast with heavy rain as it cuts across Georgia and swing up the Atlantic Coast, the...
Tropical Storm Andrea Hits Florida; Warnings Posted for Eastern U.S.
Jun 6 2013 // Tropical Storm Andrea pelted Florida’s northern Gulf Coast on Thursday and was forecast to drench much of the U.S. Southeast as it cuts across Georgia and up the Atlantic coast, the National Hurricane Center...
Louisiana Citizens Tweaks Claims Handling in Advance of Hurricane Season
Jun 5 2013 // Louisiana Citizens Property Insurance Corp. announced it has made significant enhancements to increase efficiency of claims filing, adjuster deployment and claims processing, in advance of the 2013 hurricane season. The...
N.Y. Assembly Approves a Flurry of Post-Sandy Insurance Reform Bills
Jun 5 2013 // The New York State Assembly approved on Tuesday a comprehensive post-Sandy insurance reform package comprised of 14 pieces of legislation. All approved measures now move to the state Senate for further consideration. The...
Alabama Hurricane Planners Confront Residents’ Fading Memories
Jun 5 2013 // Memories have faded since Hurricane Ivan slammed Alabama in 2004, the last time the state suffered a direct hit from a hurricane. Most of the damage is gone, replaced by new structures or empty lots along the beach. So...
As Hurricane Season Opens, Florida’s Citizens Touts Depopulation Deals
Jun 4 2013 // Officials at Florida’s property insurer of last resort say that it is entering the 2013 hurricane season in improved financial condition thanks in part to various private insurer policy takeouts. Those takeouts have...
Coastal Homeowners Upset with Insurers, Regulators Over Surge in Insurance Costs
Jun 4 2013 // When Stan Virden moved into his 2,400-square-foot house overlooking a rock-lined canal in 1996, he paid less than $1,000 a year for homeowners insurance. Now, as he seeks to move to Atlanta to be near family, Virden says...
Texas Governor: Storm Insurance Special Session Possibility
Jun 3 2013 // Gov. Rick Perry has said he may add reshaping the troubled Texas Windstorm Insurance Association to a special legislative session he’s already convened on redistricting, but wouldn’t yet say for sure whether...
Hurricane Season and Florida’s Insurance System: Living on Borrowed Time?
Jun 3 2013 // Mother Nature has been kind to Florida’s coastline lately with a record run of seven years without a hurricane making landfall, allowing property insurers time to re-stock their depleted coffers. As a result, before...
NOAA Predicts Active Atlantic Hurricane Season
Jun 3 2013 // The government’s weather center is forecasting that this year’s Atlantic hurricane season that began June 1 will be an active one, perhaps even extremely active, during its six months. Experts at the National...
Atlantic Coast Told to Expect Major Hurricanes This Season
Jun 3 2013 // The government’s weather center has forecast that this year’s Atlantic hurricane season that began June 1 will be an active one, perhaps even extremely active, during its six months. Experts at the National...
