Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
La. Commissioner Orders Insurers to Extend Hurricane Prescription Period
Jul 11 2006 // Just over a month after he asked insurance companies in his state to voluntarily do so, Louisiana Commissioner of Insurance Jim Donleon issued Directive 199 mandating that all companies insuring property in Louisiana...
Tenet gets $340M From Insurers for Hurricane Damage
Jul 10 2006 // Dallas-based Tenet Healthcare Corp. said insurance companies paid it $340 million to cover claims from Hurricane Katrina, which damaged five of its hospitals in the New Orleans area and one in Biloxi, Miss. Tenet said it...
Little Help from La. Lawmakers for Skyrocketing Insurance Costs
Jul 10 2006 // Louisiana homeowners hoping for relief from insurance bills that were boosted by the hurricanes received little help from lawmakers. Legislators lamented, complained and worried about rising insurance costs that could...
Reinsurance Poses Dilemma for Mass. Fair Plan and Regulator
Jul 9 2006 // Last summer when the Massachusetts Fair Plan, the state’s involuntary homeowners insurance market, looked into purchasing reinsurance, the premium was about $17.5 million. The plan did not purchase the reinsurance...
Survey Shows Texans 50% Ready for Major Hurricane
Jul 7 2006 // Insured homeowners in Eastern and Southern Coastal Texas have, on average, taken roughly 50 percent of the steps to prepare their homes and property to recover from a major hurricane, according to a new Hurricane Readiness...
Groups Support Stronger Fla. Building Codes, Storm Shutter Requirements
Jul 6 2006 // Recommendations about the expansion of windborne debris regions in Florida’s Panhandle and requirements for storm shutters and missile-resistant glass will be discussed July 11 during a special Florida Building...
Mass. Rejects 12.5% Fair Plan Rate Hike But Opens Door to Revised Bid
Jul 5 2006 // Almost 10 months after it was filed, Massachusetts Insurance Commissioner Julianne M. Bowler on June 30 disapproved the 12.5 percent average homeowners insurance rate increase submitted by the Massachusetts Property...
ICAT Specialty Offering Residential Hurricane Product in Hawaii
Jul 5 2006 // ICAT Specialty Insurance Co. is offering residential named hurricane insurance for dwellings, apartments, town homes and condominiums in Hawaii. Written on an admitted basis, the product provides named hurricane coverage...
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...
News Currents
Jul 3 2006 // Report not kind to FEMA regarding hurricane assistance Watchdog agency finds around $1 billion was handed out improperly A report released June 14 by the U.S. Government Ac-countability Office (GAO) assessing the Federal...
8 Report faults FEMA on hurricane assistance
Jul 3 2006 // GAO estimates around $1 billion ‘improperly’ handed out 10 Let the towing begin Thousands of abandoned cars to be removed in New Orleans 10 IIAT presents awards, installs new officers Association holds 109th...
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...
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...
