Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Assessing Tropical Cyclone Risk in Hawaii Through the Lens of Hurricane Iniki
Oct 22 2012 // Hurricane Risk in the Central Pacific Basin Twenty years ago, the most powerful storm to strike the Hawaiian Islands in recorded history made landfall on the island of Kauai on Sept. 11, 1992. With sustained winds of 140...
Deadlines Near for Isaac Flood Claims
Oct 18 2012 // Most property owners whose homes or other structures were damaged during Hurricane Isaac have approaching deadlines for filing claims for their flood-related losses. Most of these claims are due in the upcoming two weeks...
Rafael, 9th Hurricane, Bypasses Bermuda; Tropical Storm Paul Weakens
Oct 17 2012 // Rafael became the season’s ninth hurricane on Monday after tracking through the Leeward Islands. The storm then bypassed Bermuda late Tuesday evening. As of the National Hurricane Center’s Wednesday, 5:00 AM...
Louisiana Citizens: More Than 17K Claims from Hurricane Isaac, 85% Settled
Oct 15 2012 // Louisiana Citizens Property Insurance Corp. reported it has received 17,059 claims from Hurricane Isaac. Ninety-seven percent of those claims have been inspected by company adjusters and 85 percent have been settled. Loss...
Florida’s Citizens Puts Brakes on Surplus Note Program
Oct 12 2012 // Florida’s state-backed property insurer has opted to put the brakes on its plan to loan private insurers up to $350 million in surplus in order to address a growing wave of criticism from lawmakers, elected...
Tropical Storm Patty in Bahamas Is Hurricane Season’s 16th Named Storm
Oct 12 2012 // Late on Thursday, October 11, the sixteenth named storm of the 2012 Atlantic hurricane season was declared – Tropical Storm Patty. As of Friday, according to the National Hurricane Center (NHC), the center of Patty was...
Florida Hurricane Fund in Better Shape But Could Still Be Short on Cash
Oct 11 2012 // Florida’s state-run reinsurance facility still faces a potential $1.5 billion gap to fulfill its maximum mandatory obligation, although it appears poised to be in better financial condition for the 2013 hurricane...
Rating Hurricane Risk in Florida: How Using Geocoding Can Lead to More Accurate Pricing
Oct 8 2012 // Small companies often believe that they do not have enough homeowners data to build custom rating territories based on different perils, and therefore simply adopt the territories of a competitor. But because catastrophe...
Katrina Victims Take on Hurricane Tour Operators
Oct 5 2012 // Some New Orleans residents and city officials are pushing back against tour operators who bus out-of-towners into the city’s Lower 9th Ward, where Hurricane Katrina unleashed a wall of water that pushed homes off...
Louisiana Seeks to Use Hurricane Recovery Money for Pre-K Program
Sep 28 2012 // Gov. Bobby Jindal’s administration wants to shift $20 million in hurricane recovery dollars for hurricanes Gustav and Ike to fill in budget gaps in the state’s free preschool program for at-risk students. The...
Florida Approves State Farm 6.4% Homeowners Rate Increase
Sep 28 2012 // Florida regulators have approved an average 6.9 percent rate hike for State Farm Florida Insurance Co., which is the insurer’s fifth increase in as many years. The insurer had initially sought an average 14.9 percent...
Landrieu: Homeowners, Not Lenders, Entitled to Insurance Money
Sep 25 2012 // U.S. Senator Mary L. Landrieu, D-La., announced that the U.S. Department of Housing and Urban Development (HUD) has urged Federal Housing Administration (FHA) mortgage lenders to ensure that homeowners receive the...
2012 Hurricane Season Active at Halfway Point
Sep 24 2012 // At its midpoint, the 2012 Atlantic hurricane season has seen 14 tropical storms, with seven strengthening to hurricane status. According to catastrophe modeling firm Risk Management Solutions (RMS), the current hurricane...
Isaac Losses Won’t Strongly Impact P/C Industry in Louisiana
Sep 24 2012 // While insured losses in the United States from Hurricane Isaac likely will fall between $1 billion and $2 billion, according to some risk management experts, the storm’s impact will not severely impact the...
Isaac Costs Entergy at Least $400M
Sep 19 2012 // Entergy Corp. says its estimated damages from Hurricane Isaac range from $400 million to $500 million, and the storm is expected to reduce the utility’s third-quarter revenue. In a news release, Entergy said it will...
Hurricane Isaac Washed Away Alabama’s Sand Island
Sep 18 2012 // Sand Island along the Alabama coast has disappeared beneath the waves. The Sand Island Lighthouse is still standing alone in the water. But the island that was rebuilt by the U.S Army Corps of Engineers last year got...
Louisiana Citizens Pays $61M to Settle Katrina, Rita Claims
Sep 17 2012 // Louisiana’s insurance company of last resort agreed on Sept. 13 to settle two remaining class-action lawsuits tied to claims handled after Hurricanes Katrina and Rita. The board for the Louisiana Citizens Property...
Isaac Losses Won’t Strongly Impact P/C Industry in Louisiana
Sep 14 2012 // While insured losses in the United States from Hurricane Isaac likely will fall between $1 billion and $2 billion, according to some risk management experts, the storm’s impact will not severely impact the...
2012 Hurricane Season at Halfway Point
Sep 14 2012 // Thus far, the 2012 Atlantic hurricane season that is about at its midpoint has seen 14 tropical storms, with seven strengthening to hurricane status. According to catastrophe modeling firm Risk Management Solutions (RMS),...
Hurricane Isaac Insured Losses to Reach $1-$2 Billion: RMS
Sep 14 2012 // U.S. insured losses from Hurricane Issac’s wind and surge impacts on the U.S. Gulf Coast will fall between USD$1−2 billion, excluding rainfall driven flood losses and all National Flood Insurance Program losses,...
