Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
S&P Rates Florida Cat Fund Bonds ‘AA-‘
Mar 14 2013 // Standard & Poor’s Ratings Services has assigned its “AA-” rating to Florida Hurricane Catastrophe Fund (FHCF), Florida’s $2 billion revenue bonds series 2013A. The outlook is stable, according...
Louisiana Commissioner Praises Court Ruling on Emergency Rule
Feb 28 2013 // Louisiana Commissioner of Insurance Jim Donelon announced he is pleased that the 19th Judicial District Court has upheld an emergency rule put in place during Hurricane Isaac and his authority to do so during catastrophic...
Report: Sandy Was 2nd-Costliest Storm in U.S.
Feb 25 2013 // Superstorm Sandy was the deadliest hurricane in the northeastern U.S. in 40 years and the second-costliest in the nation’s history, according to a report released Feb. 12. The storm’s effects reached far and...
10 Things to Know About the Texas Windstorm Insurance Association
Feb 25 2013 // Changes to the way the state handles coastal property insurance issues are certain to be made during the 2013 Texas legislative session. Here are 10 things to know about Texas’ property insurer of last resort, the...
N.J. Congressional Delegation Expresses Concern Over NFIP Claims
Feb 15 2013 // On Tuesday Feb. 12, New Jersey’s Congressional delegation sent a letter to Federal Emergency Management Agency Administrator W. Craig Fugate, expressing their concern over what the delegation described as “the...
Ghost of Charlie Crist Haunts Insurance Reform
Feb 15 2013 // It has been more than two years since the adults regained control of Florida, yet the specter of the Charlie Crist days of demagoguery, populism-at-any-cost and overall political buffoonery looms heavy over the state...
Alabama Weighs Grants for Wind-Proofing, Creation of Insurance Research Center
Feb 15 2013 // Some of the money that Alabama receives from BP over the Gulf oil spill could end up helping coastal residents make their homes more resistant to wind damage from hurricanes. That is one of the recommendations from a...
No Insurance Implication for Weather Channel’s Decision to Name Winter Storms
Feb 14 2013 // The Weather Channel’s decision this winter season to start naming severe winter storms in the U.S. — such as bestowing the name “Nemo” for the massive Feb. 8-9 winter storm — most likely will...
National Hurricane Center Report: Sandy Was 2nd-Costliest Hurricane in U.S.
Feb 14 2013 // Superstorm Sandy was the deadliest hurricane in the northeastern U.S. in 40 years and the second-costliest in the nation’s history, according to a report released Tuesday, Feb. 12.Sandy damage in Ortley Beach, N.J....
Florida Lawmakers Unveil Property Reform Proposals
Feb 11 2013 // Florida lawmakers’ first draft of a property reform emphasizes depopulating and diverting policies from Citizens Property Insurance Corp., the state-backed property insurer that has 1.3 million policyholders. The...
HMS Bounty’s Sinking During Sandy Under Investigation
Feb 11 2013 // More than a week before Hurricane Sandy became a superstorm that would zero in on the U.S. Northeast, while it was just a tropical depression bouncing around the Caribbean, a captain headed out to sea. The HMS Bounty...
Northeast Blizzard Hit Like a Hurricane
Feb 10 2013 // A blizzard packing hurricane-force winds hammered the northeastern United States on Saturday, cutting power to 700,000 homes and businesses, shutting down travel and leaving at least nine people dead. The mammoth storm...
After the Storm: Agents’ E&O Lessons Learned
Jan 28 2013 // More often than not, a second wave of claims against insurance agents by their clients follows a natural disaster. For the most part, the types of allegations and claims that surface after a catastrophe are the same as...
Half of 2012’s Global Economic Losses Due to U.S. Natural Disasters: Aon
Jan 24 2013 // While global economic losses were close to average in 2012, insured losses last year were 36 percent higher than the 10 year average ($72 billion vs. $53 billion) because the two most costly events of the year occurred in...
Aon Benfield’s 2012 Cat Review Finds 36% Rise in Insured Losses at $133 Billion
Jan 24 2013 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has published its Annual Global Climate and Catastrophe Report along with the establishment of a new website, Catastrophe Insight,...
Kansas, Missouri Could Be Hit by Disaster Aid Fight
Jan 18 2013 // Midwesterners accustomed to generous government aid after ice storms, floods and tornadoes may soon have to look somewhere else for help when disaster strikes. Even as the U.S. House on Jan. 15 passed a $50.7 billion aid...
Florida Looks to Restructure Its Hurricane Fund; Federal Option Proposed
Jan 18 2013 // Florida lawmakers are poised to consider restructuring the state-run property reinsurance facility by possibly lowering its mandatory annual capacity by billions due to concerns that one major storm could exhaust its...
Parish in Louisiana Files New Charges in Hurricane Gustav Flood Appeal
Jan 14 2013 // Officials in Louisiana’s Livingston Parish claim lies, bungling and withholding of information are grounds for reversal of the Federal Emergency Management Agency’s decision to deny $46 million in waterway...
Governments Struggle with Financial Crisis as the Planet Warms up
Jan 11 2013 // The global economy has been through economic recessions before, and has eventually recovered from them. This time around, however, it must do so while coping with the ever increasing menace of climate change – that makes...
N.Y. Lawmakers Introduce Bill to Cap Hurricane Deductibles at $1,500
Jan 10 2013 // New York legislators have introduced a bill this week that seeks to cap the percentage-based hurricane deductibles for homeowners’ insurance or dwelling fire personal lines policy in New York State at $1,500.The New...
