Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Insurance Industry on Solid Financial Footing, But Overall Results Mask Problems in Certain Lines, Locations
Apr 10 2006 // The property/casualty insurance industry will report an increase in its capital base and an overall profitable performance in 2005, enabling it to meet the insurance needs of the growing U.S. economy, according to...
Fla. Senate Looks for Ways to Solve Property Insurance Problems
Apr 7 2006 // With thousands of Floridians reeling from huge property insurance premium spikes as yet another hurricane season approaches, a Senate panel began discussion Wednesday of ways to fix what many say is a broken hurricane...
State Farm: We’re Paying Wind Damage Claims
Apr 7 2006 // State Farm Fire and Casualty Co. is paying for Hurricane Katrina property losses when evidence shows that wind caused the damage, James Burwell, claims manager, wrote in a letter to the Mississippi Insurance...
Miss. Kicks Off 2006 Hurricane Awareness Program
Apr 7 2006 // Local, state and federal officials have joined Governor Haley Barbour in announcing an eight-week informational campaign to help make Mississippians more aware of how to protect themselves as the 2006 hurricane season...
Lloyd’s Holds Down Losses to $180.6 Million; Webcast Scheduled
Apr 6 2006 // As the old saying goes, “Hope for the best, but prepare for the worst.” While Lloyd’s 2005 £103 million ($180.6 million) loss estimate may not be the absolute best, it’s certainly a lot better than...
S&P Revises Outlook on Global Reinsurers to Stable; Teleconference Scheduled for Today
Apr 6 2006 // Standard & Poor’s Ratings Services announced that it has revised its outlook on the global reinsurance industry to stable from negative, “indicating that there will be little near-term movement in ratings...
La. Bill Aims to Protect Post-Hurricane Volunteers From Lawsuits
Apr 6 2006 // Doctors who volunteer post-hurricane medical help in Louisiana need extra protection against malpractice lawsuits, a Louisiana House of Representatives committee decided April 4. Rep. Sidney Mae Durand said doctors from...
Consumer Groups Allege Insurance Wind Models More Politics Than Science
Apr 6 2006 // Risk Management Solutions has defended its hurricane risk models in the face of consumer groups’ criticisms that the models are more political than they are scientific and that they are designed to justify insurance...
Atlantic Preferred to Drop 140,000 Florida Policyholders
Apr 6 2006 // A large insurance company plans to begin canceling coverage for 140,000 Florida homeowners this summer, less than two months after the start of hurricane season. Atlantic Preferred Insurance Co. will begin dropping the...
Top Meterologist Predicts 17 Named Storms Will Form in Atlantic Basin
Apr 4 2006 // A well-known meteorologist is predicting that 17 named storms will form in the Atlantic Basin during the 2006 hurricane season, and the 2006 Atlantic hurricane season will be much more active than the average 1950-2000...
Alabama, Nebraska Receive $1.2M Hurricane Counseling Grants
Apr 3 2006 // Alabama and Nebraska have been awarded $1.2 million for crisis counseling assistance in the aftermath of hurricanes Katrina, Rita and Wilma, according to Charles Curie, administrator of the Substance Abuse and Mental...
TDI’s Selden explains department’s high tech, high touch approach
Apr 3 2006 // Texas Department of Insurance Senior Associate Commis-sioner for Consumer Affairs Audrey Selden had a good news/bad news story for the insurance industry when she spoke at the Austin Insurance Day, sponsored in early March...
WHISTLEBLOWER HELPING IN HURRICANE KATRINA LAWSUIT
Apr 3 2006 // A high-profile litigator in Moss Point, Miss., said a whistleblower is helping him build a case against insurers that allegedly denied thousands of claims from policyholders whose homes were destroyed in Hurricane...
Commissioner Long calls for strengthening N.C. building codes
Apr 3 2006 // Tougher building code standards aimed at reducing future hurricane damage in North Carolina have been sent to a state committee studying disaster management. Insurance Commissioner Jim Long petitioned the Joint Study...
Hurricane Fatigue
Apr 3 2006 // While homeowners and businesses can physically pickup the pieces following a natural disaster, mending the hearts and minds of those in the field is not so easy. Four industry CEOs recently described the emotional impact...
Risk Management Solutions predicts hurricane activity to increase losses by 40 percent
Apr 3 2006 // Risk Management Solutions, Newark, Calif., expects increases in hurricane landfall frequencies will increase modeled annualized insurance losses by 40 percent on average across the Gulf Coast, Florida and the Southeast,...
Measuring Risk: Insurers’ day of reckoning arrives
Apr 3 2006 // The threat of more natural disasters could make 2006 a watershed year in how the insurance industry measures risk. With American carriers revamping their reporting and management structures, insurers are expected to...
Totally ready or just terrorism ready?
Apr 3 2006 // Is the nation’s terrorism-centric focus hurting its efforts to plan for other disasters? Dr. James L. Valverde Jr., director of economics and risk management for the Insurance Information Institute, posed that...
FLOOD-DAMAGED VEHICLES SURFACE ON USED CAR LOTS
Apr 3 2006 // An estimated 500,000 cars were damaged by hurricanes last year. Unfortunately, many of these vehicles have been purchased by dishonest auto dealers, cleaned up and then sold, with their flood damage history illegally...
Northeast warned ‘historic’ weather disaster could hit this year
Apr 3 2006 // The northeast U.S. coast is “long overdue” and could be the target of a serious hurricane, perhaps as early as this season, according to forecasters. Weather experts at the AccuWeather.com Hurricane Center say...
