Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Dale Reports Miss. Insurers Have Made Solid Progress
Mar 15 2006 // A report in Jackson, Miss. by Insurance Commissioner George Dale shows that six months after Hurricane Katrina struck a devastating blow to the Gulf Coast, major insurers have made solid progress and are committed to...
La. Homeowners Face Waiting Game in State’s Housing Assistance Plans
Mar 15 2006 // Anita Richardson’s insurance company gave her $4,500 to repair what her contractor says is $50,000 worth of damage done when Hurricane Katrina ripped apart the roof of her New Orleans, La., home and poured about two...
Hiscox Weathers Hurricanes, But 2005 Profits Decrease
Mar 14 2006 // Hiscox Plc, the U.K.-based Lloyd’s and specialty insurer, released its 2005 preliminary results on Monday, March 13. Although Hiscox was one of many companies whose earnings were adversely affected by last...
Dale to Speak in Memphis About Hurricane Katrina
Mar 14 2006 // The trials and tribulations encountered after Hurricane Katrina will be discussed by Mississippi Commissioner of Insurance George Dale, the featured speaker during the Thursday, March 16 monthly meeting of the Independent...
Aon Study Reveals Investors More Intolerant of Catastrophe Risk
Mar 14 2006 // Aon Re Global announced today that it has produced research on the impact of earnings volatility on shareholder value for insurers and reinsurers. Hurricane Katrina and the entire hurricane season provided an interesting...
Fla. Forum Topic: Disappearing Markets, Looming Hurricanes
Mar 14 2006 // Challenges like disappearing markets, looming hurricanes and the quest to add more to the bottom line will all be addressed during a Professional Insurance Agents of Florida Member Forum on May 12 in Orlando at the Caribe...
Hurricane-related Jobless Benefits Extended in La.
Mar 13 2006 // President Bush has authorized the extension of disaster unemployment benefits to individuals affected by hurricanes Katrina and Rita, the Louisiana Department of Labor announced. “Approximately 92,000 people whose...
Stronger Building Codes Called for in Florida Panhandle
Mar 10 2006 // Residents in Florida’s Panhandle will remain vulnerable to the destructive forces of hurricanes until lawmakers stand up to irresponsible special interests that have worked to keep much of Northwest Florida exempt...
JLT 2005 Profits Down 20%
Mar 8 2006 // Jardine Lloyd Thompson Group plc. has reported a 20 percent drop in pretax profits in its preliminary earnings report. The U.K.’s largest insurance broker said that profit “before tax, exceptional items and...
N.C. Committee Petitioned to Strengthen Building Codes
Mar 8 2006 // Tougher building code standards aimed at reducing future hurricane damage in North Carolina have been forwarded to a state committee studying disaster management by Insurance Commissioner Jim Long. Long petitioned the...
Fla. Sen. Fasano Supports Gallagher’s Rate Relief Plan
Mar 7 2006 // Florida Senator Mike Fasano, R-Dist. 11, has added his name to the growing list of legislators who support Tom Gallagher’s plan to use tax revenue derived from hurricane reconstruction costs for immediate insurance...
Preparing for the worst
Mar 6 2006 // According to a new report released by GE Insurance Solutions, massive growth along the nation’s coastlines has dramatically increased the potential for insured losses, even without a cyclical increase in the...
Max Mayfield gives wind conference ‘bad news’
Mar 6 2006 // There is no reason to think there will be any change in hurricane patterns in the near future; the number of hurricanes have been increasing since 1995 and there is no doubt that they will continue to do so for the next...
ICT: $1.5B Paid on Hurricane Rita Claims in Texas
Mar 6 2006 // The Insurance Council of Texas reported that insurance companies have settled 90 percent of property claims in Texas that were the result of the devastation caused by Hurricane Rita that struck in late September...
Best Affirms FSR for Lloyd’s Syndicate 1225; Outlook is Stable
Mar 6 2006 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of A (Excellent) and issuer credit rating (ICR) of “a” of Lloyd’s Syndicate 1225 (United Kingdom), which is managed by AEGIS Managing Agency...
Fort Myers Inn to Pay $16,000 to Settle Wilma Fleecing Claims
Mar 6 2006 // Attorney General Charlie Crist has announced that his office has reached an agreement with a Lee County hotel resolving the first price-gouging case filed by the Attorney General’s Office related to Hurricane Wilma....
Insurance Trade Group Sees Storm Brewing in Texas
Mar 6 2006 // Hurricane season is just a few short months away and the head of a Texas-based insurance trade group already sees some dark clouds on the horizon. “The Texas Windstorm Insurance Association is considerably under...
Windstorm panelists: Carriers hesitant to write policies in Florida
Mar 6 2006 // A panel of eight insurance experts agreed unanimously that carriers are closely scrutinizing Florida and are hesitant to renew homeowners policies. Bill Bailey, director of the Hurricane Insurance Information Center,...
Allied World Posts $23.9 Million Q4 Net Loss; $159.8 Million Full Year
Mar 3 2006 // Bermuda-based Allied World Assurance Holdings, Ltd. has reported a net loss of $23.9 million for the fourth quarter 2005, compared to net income of $103 million for the fourth quarter 2004. The net loss for the twelve...
I.I.I. Says Flood-Damaged Cars from Katrina May Surface on Used Car Lots
Mar 2 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...
