Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Tropical Storm Risk Forecasts Active 2010 Hurricane Season
May 25 2010 // Tropical Storm Risk (TSR) provides “real-time mapping and prediction of tropical cyclone wind fields worldwide.” The firm is co-sponsored by Aon Benfield, with RSA and Crawford & Company. It has just...
First System Forms Before Atlantic Hurricane Season Officially Opens
May 25 2010 // The U.S. National Hurricane Center started tracking the first low pressure system of the 2010 Atlantic hurricane season late Sunday, reminding energy and commodities traders of the coming storm season, which officially...
Munich Re Securitizes $80 Million for Europe Windstorm, U.S. Hurricanes
May 21 2010 // Munich Re has obtained cover for US hurricane and European windstorm risks amounting to US$ 80 million from special-purpose vehicle EOS Wind Ltd, which placed a catastrophe bond in the market. “MEAG, Munich...
Forecasters Expect Below Average Hurricane Season for Central Pacific
May 21 2010 // Weather forecasters said this week that a below-average total of two to three hurricanes are likely to pass through Central Pacific waters this year as ocean surface temperatures cool. But only one hurricane needs to hit...
Florida Hurricane Fund Has $17 Billion in Cash for Claims
May 20 2010 // The Florida Hurricane Catastrophe Fund is as healthy as ever heading into the 2010 storm season. An advisory council to the fund reported Tuesday that it has enough cash and bonding ability to pay off more than $25 billion...
Chartis Expands Hurricane Services to Cape Cod
May 19 2010 // Chartis has expanded access of the advanced disaster preparedness and post-hurricane resources of its Private Client Group’s Hurricane Protection Unit to homeowners in the Massachusetts counties of Barnstable, Dukes...
Key Facts, Common Myths About Protecting Homes from Hurricanes
May 19 2010 // With weather forecasters calling for a worse-than-average 2010 Atlantic basin hurricane season, the Institute for Business & Home Safety (IBHS) is advising property owners on the most effective ways to protect their...
Florida Leaders See Omnibus Bill Stabilizing Home Insurance Market
May 18 2010 // Florida insurance leaders belive that recently passed legislation (SB2044) is a step towards stabilizing the state’s property insurance market that has had been rocked by politics, premiums assessments, company...
Coming Hurricane Season Could Complicate Gulf Oil Spill Disaster
May 18 2010 // BP’s oil spill could make for one of the highest-stakes U.S. Gulf hurricane seasons on record. Storms may scuttle clean-up efforts, force containment vessels to retreat, or propel spilled crude and tar balls over...
U.S. Being Bankrupted By Disasters, Professor Tells Federal Reserve
May 17 2010 // America is emerging from a deep recession caused by financial messes on Wall Street, but Dr. J. David Rogers says the Federal Reserve is still being bankrupted by natural disasters. “The National Flood Insurance...
Property Insurers Watching Ominous Hurricane Forecasts
May 17 2010 // After significant catastrophe losses in first quarter 2010, U.S. property/casualty insurers and global reinsurers are hoping their balance sheets don’t face further financial risks, even as conditions appear ripe for...
Florida Lawmakers Pass Omnibus Property Insurance Bill
May 17 2010 // On the final day of this legislative session, Florida lawmakers passed omnibus legislation that aims to bring more control over homeowners insurance costs, raises the state’s minimum capital requirements for...
Beyond the Flood Zone: Storm Surge Report Shows Coastal Vulnerabilities
May 17 2010 // Homeowners can mitigate against wind damage, but they’re powerless, really, to do anything against storm surge,” said one researcher whose job it is to develop ways to determine the vulnerability of homes and...
Florida Insurers Head Into Hurricane Season with Fingers Crossed
May 14 2010 // Florida’s property insurance companies haven’t suffered hurricane losses for nearly five years, but many claim to be losing money even while collecting hefty premiums. It’s a complex paradigm for almost...
Survivors Can’t Forget Fierce Hurricane That Hit Florida in 1935
May 14 2010 // The seven elderly guests on stage at Island Christian Church were just kids 75 years ago when a Category 5 hurricane barreled into their homes in the Upper Florida Keys, leaving a trail of destruction and death. A packed...
Louisiana Sales Tax Holiday for Hurricane Supplies: May 29-30
May 13 2010 // Hurricane season is fast approaching and the state of Louisiana wants to help residents prepare. On May 29 and 30, Louisianans can get a tax break when buying emergency supplies, including self-powered light sources like...
Florida Hurricane Funds Seeks $693 Million for Reopened 2005 Claims
May 12 2010 // The Florida Hurricane Catastrophe Fund is to begin selling $693 million in tax-exempt bonds to help repay insurers for new and reopened claims from 2005 storms. The bonds are secured in part by emergency assessments levied...
North Carolina Wind Pool Gets Extra Protection with $305M Cat Bond
May 11 2010 // North Carolina’s insurance pool for coastal properties now has an extra financial cushion in case a major hurricane strikes. Risk specialist Guy Carpenter & Co., LLC, and GC Securities, announced the completion...
Mississippi Court Gets Insurer USAA Appeal of Katrina Damage Award
May 10 2010 // A dispute between an insurance company and a retired Navy admiral over coverage of damages from Hurricane Katrina has made its way to the Mississippi Supreme Court. The case is among dozens the Supreme Court will hear...
Gulf Coast Oil Spill Compared to Category 5 Hurricane
May 4 2010 // What makes an oil spill really bad? Most of the ingredients for it are now blending in the Gulf of Mexico. Experts tick off the essentials: A relentless flow of oil from under the sea; a type of crude that mixes easily...
