Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Two legal cases in the eye of Hurricane Katrina
Jul 3 2006 // Say Hurricane Katrina and you immediately think of New Orleans; say Hurricane Katrina and insurance coverage, and the story is different. At the nine-month anniversary since the storm made landfall, of all the Mississippi...
Two legal cases in the eye of Hurricane Katrina
Jul 3 2006 // Say Hurricane Katrina and you immediately think of New Orleans; say Hurricane Katrina and insurance coverage, and the story is different. At the nine-month anniversary since the storm made landfall, of all the Mississippi...
Two legal cases in the eye of Hurricane Katrina
Jul 3 2006 // Say Hurricane Katrina and you immediately think of New Orleans; say Hurricane Katrina and insurance coverage, and the story is different. At the nine-month anniversary since the storm made landfall, of all the Mississippi...
Chicago Mercantile Exchange Sees Growth Opportunities in Weather
Jun 28 2006 // The Chicago Mercantile Exchange has announced that weather derivatives could be an important growth area and hopes to launch new products to tap into demand for hedges against weather-related risk. “It’s our...
U.S. P/C Industry Posts Record 1Q Profits; Net Gain on Underwriting Rises Nearly 21%
Jun 28 2006 // The U.S. property/casualty industry’s net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined ratio — a key...
Citizens to Obtain $3.05B; Largest Single Bond Issue in Florida’s History
Jun 23 2006 // A $3.05 billion bond issue, believed to be the largest single bond issue in Florida’s history, according to Terri Slack, Citizen’s CFO, will be finalized June 29 in Miami. Slack said the bonds will be taxable,...
ACE USA Report Details Consumer Costs in Extreme Weather Disasters
Jun 22 2006 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, reports that the increase in extreme weather events has long-term financial implications for consumers and their communities, according to...
IRS Issues Tax Guidance for Hurricane Victims, Extends Filing Deadlines
Jun 20 2006 // The Internal Revenue Service has issued guidance to assist Hurricane Katrina, Rita and Wilma victims claiming casualty and theft losses on their individual income tax returns. The IRS also extended filing deadlines for...
La. House Rejects Insurance Payment Plan for Upcoming Year
Jun 20 2006 // The Louisiana House of Representatives wouldn’t go along June 18 with a Senate-backed plan that could alleviate some insurance hikes around Louisiana in the upcoming year, saying the money would be better set aside...
Cat model reassessments cause rating and capital changes
Jun 19 2006 // Last fall’s disastrous hurricanes provided some rough times for the catastrophe modeling industry. Consequently the principal cat modelers — Applied Insurance Research, EQE International’s EQECAT, and...
Lloyd’s forecast for Northeast: Storms, global warming threats are real
Jun 19 2006 // The prospect of another nasty hurricane season has everyone in the insurance industry braced for a white-knuckle ride. The spectre of a hurricane hitting a major Northeast population center is hardly the stuff of Hollywood...
Hurricanes
Jun 19 2006 // Miss. Katrina Claims 3,693 hurricane claims settled. $5,211,899 in payments, a 1,721 percent increase in secured payments between Jan. 1 and April 30. Previous record, 2005, $4 million. A&H increase 316 percent. Cathy...
Crist reaches $609,000 settlement in hurricane price gouging
Jun 19 2006 // ANorth Carolina-based company has reached a settlement to resolve Florida price gouging allegations stemming from the 2004 hurricane season, according to Florida Attorney General Charlie Crist. Crist said Southeastern...
Crist reaches $609,000 settlement in hurricane price gouging
Jun 19 2006 // ANorth Carolina-based company has reached a settlement to resolve Florida price gouging allegations stemming from the 2004 hurricane season, according to Florida Attorney General Charlie Crist. Crist identified the company...
News Currents
Jun 19 2006 // CAT response vehicle ready just in time for Tropical Storm Alberto Florida insurance agents rolled out a new, state-of-the-art catastrophe response vehicle just in time for the arrival of Tropical Storm Alberto. At press...
Declarations
Jun 19 2006 // Taking responsibility for levee failure ‘This is the first time that the Corps has had to stand up and say, `We’ve had a catastrophic failure.’ … Words alone will not restore trust in the...
Editor’s Note: Commercial property appeal
Jun 19 2006 // According to Fitch, increases are running between 25 percent and 400 percent for windstorm and flood insurance premiums since the June 1 start of this year’s hurricane season. Six hurricanes in 2005 caused $57.3...
A tale of two New Orleans hotels
Jun 19 2006 // If there’s anything to be learned from last year’s hurricanes Katrina, Rita and Wilma, it’s that the value of relationships before, during and after a claim is immeasurable, according to Mel Bangs,...
Tropical Depression: Hurricane linked to long-term mental distress
Jun 19 2006 // Do earthquakes and hurricanes affect mental health? Florida State University sociologists in Tallahassee have found that some South Floridians who survived Hurricane Andrew suffered mental health problems many years later,...
Safe Home Expert Says Florida Building Codes Working
Jun 16 2006 // According to a consultant for the Federal Alliance for Safe Homes, Florida’s building codes that were approved in 2001 are working. He also says that Hurricane Charlie was a “model” hurricane in the sense...
