Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Will New Legislation Help Florida’s Property Insurance Market?
Jun 7 2011 // Florida hasn’t been hit by a hurricane since the disastrous years of 2004 and 2005, but the state’s property insurance companies say they are still losing money despite collecting billions in premiums. That has...
Florida Commission Approves RMS Hurricane Model
Jun 7 2011 // Florida’s residential property insurance market is bracing for even more volatility after the state’s modeling commission approved the use of the new Risk Management Services (RMS) catastrophe model. The...
Risky Decisions
Jun 6 2011 // The percentage of homes covered by typical residential property policies varies by region. All the devastation from natural disasters that have occurred across the nation in recent months illuminates the fact that many,...
Hurricane Season Could Bring Rate Relief
Jun 6 2011 // Property and casualty insurers craving respite from a long-running drop in prices eyed the start of the U.S. hurricane season on June 1 in the hope that summer windstorms will finally turn the market. The June 1 to Nov. 30...
Mississippi Senator Seeks Water-Wind Formula
Jun 6 2011 // A U.S. senator from Mississippi is introducing a bill that tries to resolve wind-versus-water insurance disputes for structures wiped out by hurricanes. Republican Roger Wicker said that his bill would establish a formula...
What’s In Florida’s Property Insurance Cost Control Bill?
Jun 6 2011 // Florida Gov. Rick Scott signed into law legislation that promises to lower costs for the state’s property insurers, including what they pay on sinkhole claims. Scott said the bill (SB 408) “strengthens...
How Florida’s Agents Fared in Tallahassee
Jun 6 2011 // FAIA President Jeff Grady on Property Insurance Reform, Effects of RMS Model, Citizens For those in the industry, Florida’s recent legislative session was a long march as they tried to navigate through a process that...
Hurricanes and Floods
Jun 6 2011 // In light of the hurricane season that began June 1 and ongoing Mississippi and Atchafalaya flooding, Louisiana Insurance Commissioner Jim Donelon is imploring consumers to protect themselves and their property against...
Florida Braces as RMS Model Makes Landfall
Jun 6 2011 // Storm Model Hits Inland Territories; Could Alter Property Insurance Political Landscape Florida’s history with hurricanes has created a series of assumptions long treated as facts, none of which is more quoted than...
Risky Decisions
Jun 6 2011 // All the devastation from natural disasters that have occurred across the nation in recent months illuminates the fact that many, many homes across the United States are either uninsured or underinsured. Violent weather and...
Virginia Regulators Urge Homeowners to Check Coverage
Jun 3 2011 // Virginia regulators are urging homeowners to review their insurance policies with the start of hurricane season this week. The State Corporation Commission, which regulates insurers, said that some companies automatically...
Hawaii Gov. Authorizes Raid of Hurricane Relief Fund
Jun 1 2011 // Hawaii Gov. Neil Abercrombie has signed legislation appropriating $42 million from the state’s Hurricane Reserve Trust Fund to the General Fund to help balance the state budget for fiscal year 2011, which ends June...
Senate Bill Would Set Wind-Vs.-Water Insurance Claim Formula
May 31 2011 // A U.S. senator from Mississippi is introducing a bill that tries to resolve wind-versus-water insurance disputes for structures wiped out by hurricanes. Republican Roger Wicker said that his bill would establish a formula...
Insurers Eye Rate Increases as Hurricane Season Approaches
May 26 2011 // Property and casualty insurers craving respite from a long-running drop in prices are eyeing the start of the U.S. hurricane season next week in the hope that summer windstorms will finally turn the market. The June 1 to...
Virginians Getting Hurricane-Prep Tax Break
May 26 2011 // Virginians who want to stock up on batteries, bottled water and other supplies for the hurricane season get a tax break this week. The seven-day tax break — which began yesterday — will spare buyers from state and...
Florida Undertakes Hurricane Readiness Exercises
May 25 2011 // Florida began its sometimes annual hurricane exercise Monday after skipping the practice storm last year because officials were busy with a real emergency — the Gulf of Mexico oil spill. The hurricane taking aim at...
P/C Insurers Facing Record Losses from Weather
May 24 2011 // Devastating tornadoes, floods, earthquakes overseas and a busier-than-usual hurricane season have U.S. insurance companies bracing for record losses in 2011. Insurers could suffer as much as $10 billion from...
Florida Wants More Private Firms Involved in Emergency Planning
May 23 2011 // Florida’s new emergency management chief said he wants the private sector to be more involved in the state’s disaster preparedness efforts so that local economies can recover quickly after...
How La Nina Might Affect Storm Season
May 20 2011 // One major factor in whether the Atlantic Ocean will experience an active 2011 hurricane season is fluctuating thousands of miles away in the Pacific. The La Nina weather phenomenon, which is linked to above average...
Disaster Plan Should Include Social Media, Says Hurricane Center
May 20 2011 // Nobody is going to push the “like” button for a hurricane, but the National Hurricane Center hopes to get some Facebook fans for its storm advisories. The hurricane center joined the online social network in...
