Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Lawyer: La. Citizens Nearing Mass Settlement of Hurricane Suits
Feb 21 2007 // Louisiana’s state-run insurer is nearing a mass settlement with policyholders that would be the first deal of its kind in the state since hurricanes Katrina and Rita spawned thousands of lawsuits, an attorney for the...
Chicago Exchange, Carvill Ready Hurricane Futures for Insurers
Feb 20 2007 // The Chicago Mercantile Exchange, the largest derivatives exchange in the United States, announced last week that it is launching contracts that will allow insurers and others to hedge risk against hurricane damage. The...
Geeslin’s First Months as Texas Commissioner Were ‘Trial by Fire’
Feb 20 2007 // It could be said the first year of Mike Geeslin’s term as Texas Insurance Commissioner was one of “trial by fire.” Gov. Rick Perry appointed Geeslin to the post in June 2005, just months before Hurricanes...
Miss. Commissioner, AG Upset Over State Farm Cutback
Feb 15 2007 // Mississippi officials are concerned about the effect State Farm’s decision to curtail its insurance writings will have on rebuilding efforts and remaining insurance markets. State Farm, Mississippi’s largest...
Maryland Mulls Ways to Keep Insurers from Abandoning Coastal Properties
Feb 15 2007 // Alarmed that homeowners on Maryland’s coasts may one day be cut off from home insurance, state lawmakers are mulling new rules prohibiting insurers from pulling out of areas they deem risky. But insurers met with...
La.’s Blanco: Insurance Industry Over-Reacting to 2005 Hurricanes
Feb 15 2007 // The insurance industry is over-reacting to Hurricanes Katrina and Rita, threatening the region’s recovery by withdrawing coverage and charging exorbitant rates, Gov. Kathleen Blanco told a gathering of insurance...
Study shows Texas economy vulnerable to Cat 3-sized coastal storm
Feb 12 2007 // A study commissioned by the Independent Insurance Agents of Texas (IIAT) shows that the economy of the entire state of Texas would be severely impacted if a Category 3-type hurricane were to hit heavily populated areas of...
The Commissioners: Mike Geeslin
Feb 12 2007 // Geeslin has faced hurricanes, liquidations, workers’ comp overhaul And that was just in the first year of the commissioner’s term It could be said the first year of Mike Geeslin’s term as Texas Insurance...
Commercial clients ‘swallow a bitter pill’ when it comes to cat coverage
Feb 12 2007 // When it comes to property catastrophe insurance coverage, many commercial clients are being forced to swallow a bitter pill in the form of steep prices, new limits on policies, higher deductibles and a shortage in the...
Don’t be fooled: Extreme weather, terrorism risks not going away
Feb 12 2007 // Now is no time to ease up on loss prevention, warns risk expert. The insurance industry and its customers must not let down their guard concerning loss prevention despite a mild hurricane season and a quiet time on the...
Lessons learned from 2005’s Katrina and 2006’s calm hurricane season
Feb 12 2007 // It’s been more than a year since Katrina made landfall and businesses are still recovering. Then the 2006 Atlantic hurricane season came and went with barely a blip — despite initial projections by some that...
One-on-one interviews with 15 insurance regulators
Feb 12 2007 // One-on-one interviews with 15 insurance regulators At a recent meeting of the National Association of Insurance Commissioners, Insurance Journal sat down with 15 insurance regulators to talk about issues affecting their...
Forecasters predict active hurricane season to come in 2007
Feb 12 2007 // Atlantic basin and U.S. hurricane landfall expected to be up 60 percent above normal A return to high hurricane activity in 2007 is likely following the below-average 2006 hurricane season, according to the consortium of...
Don’t be fooled: Extreme weather, terrorism risks not going away
Feb 11 2007 // The insurance industry and its customers must not let down their guard concerning loss prevention despite a mild hurricane season and a quiet time on the terrorism front in the U.S., advises an expert in risk and...
Don’t be fooled: Extreme weather, terrorism risks not going away
Feb 11 2007 // The insurance industry and its customers must not let down their guard concerning loss prevention despite a mild hurricane season and a quiet time on the terrorism front in the U.S., advises an expert in risk and...
Mike Geeslin, Texas, Texas Insurance Commissioner
Feb 11 2007 // It could be said the first year of Mike Geeslin’s term as Texas Insurance Commissioner was one of “trial by fire.” Gov. Rick Perry appointed Geeslin to the post in June 2005, just months before Hurricanes...
Commercial clients ‘swallow a bitter pill’ when it comes to cat coverage
Feb 11 2007 // When it comes to property catastrophe insurance coverage, many commercial clients are being forced to swallow a bitter pill in the form of steep prices, new limits on policies, higher deductibles and a shortage in the...
News Currents
Feb 11 2007 // Study shows Texas economy vulnerable to Cat 3-sized coastal storm A study commissioned by the Independent Insurance Agents of Texas (IIAT) shows that the economy of the entire state of Texas would be severely impacted if a...
Lessons learned from 2005’s Katrina and 2006’s calm hurricane season
Feb 11 2007 // It’s been more than a year since Katrina made landfill and businesses are still recovering. Then the 2006 Atlantic hurricane season came and went with barely a blip — despite initial projections by some that...
Forecasters predict active hurricane season to come in 2007
Feb 11 2007 // A return to high hurricane activity in 2007 is likely following the below-average 2006 hurricane season, according to the consortium of experts on insurance, risk management and seasonal climate forecasting led by the...
