Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Fla. Sales Tax Break on Hurricane Supplies Moves Forward
Jan 26 2006 // Floridians could buy flashlights, tarps, radios, batteries, generators and other hurricane necessities tax free the week before the storm season starts under a bill approved Wednesday by a Senate committee. The measure (SB...
Lloyd’s Comments on Cat Models
Jan 26 2006 // “Catastrophe models are useful, but have their limits,” says a comment on the Lloyd’s Web site (www.lloyds.com). “That is the lesson learnt by the insurance industry following last year’s...
Insurers Urge New Bonding Measures for Texas Cat Fund
Jan 26 2006 // Members of the Association of Fire And Casualty Companies of Texas (AFACT) are recommending new bonding measures that would prepare the state for the start of what’s expected to be another turbulent hurricane...
The Hartford Sees Q4 2005 Net Income of $474 Million
Jan 26 2006 // The Hartford Financial Services Group Inc. reported fourth quarter 2005 net income of $474 million, or $1.53 per diluted share. The company’s net income reached $2.3 billion for the year, a new record for the...
Windstorm Conference Speaker Bailey Predicts Wind vs. Flood Suits Won’t Succeed
Jan 25 2006 // The controversy over litigation about wind vs. flood damage and what could happen in the market place and to the industry if Mississippi Attorney General James Hood and attorney Richard ‘Dickie’ Scruggs are...
IPC Holdings Updates 2005 Hurricane Loss estimates to $744 Million
Jan 24 2006 // Bermuda-based IPC Holdings, Ltd. has updated, which is to say increased, the estimated impact on its 2005 results from hurricanes Katrina, Rita and Wilma. “Based upon current analysis, which has been updated using...
S. Fla. Homeowners Warned ‘Be Wary’ of Hurricane Repair Contractors
Jan 24 2006 // Consumer advocates are warning South Florida homeowners to be wary of contractors who take deposits up front for hurricane repairs or shutter installations. For example, officials said a company called Palms West Shutter...
FBI Uncovers Fraud in Miss., Creates Hurricane Task Force on Corruption
Jan 24 2006 // The FBI has uncovered fraud by public officials in the wake of Hurricane Katrina and has created a task force to investigate corruption as federal money pours into the Gulf Coast region, Mississippi’s top agent told...
S&P Sees ‘Little Impact’ on Ratings from Hurricane Estimate Differences
Jan 24 2006 // A self-descriptive article from Standard & Poor’s Ratings Services -“Increases In Hurricane Loss Estimates To Have Little Impact On Insurer Ratings -” clarifies some questions concerning the actual...
Calif. Commissioner, Auto Club Warn Consumers of Flood-Damaged Cars
Jan 24 2006 // California Insurance Commissioner John Garamendi joined the Automobile Club of Southern California Tuesday to warn Southland used-car buyers who might be duped into purchasing a flood-damaged vehicle hauled from...
Miss. Expert Says Hurricane Cycle Began in 1995, Still Going Strong
Jan 24 2006 // Hurricane Katrina brought much death and destruction to Mississippi and Louisiana, and upcoming hurricane seasons could be just as dangerous, according to Partick J. Fitzpatrick, a Mississippi State University...
Florida Candidates for Governor Pledge to Solve Citizens Problems, Add Insurers
Jan 23 2006 // Solving Citizens Property Insurance Corp.’s problems, encouraging new insurers to enter the Florida market and lowering property insurance rates were debated by candidates for governor of Florida during a Jan. 20...
N.Y. Lawmakers Call for Federal, State Catastrophe Funds
Jan 23 2006 // Three elected representatives from New York joined with a leading homeowner’s insurance company last week in a call for increased government involvement in providing reinsurance for catastrophes. Congressman Steve...
I.I.I.: CLAIMS IN LA. EQUAL TO 25 YEARS OF PREMIUMS
Jan 23 2006 // The record total of homeowners insurance claims payments resulting from the 2005 hurricanes in Louisiana is enough to wipe out all homeowners premiums paid in the state during the past 25 years, as well as every dollar of...
A seriously shaken reinsurance industry rebuilds
Jan 23 2006 // Although Katrina is long gone, the clouds of misfortune she and her sisters generated will linger for decades. They radiate well beyond Louisiana, Florida, Texas, Mississippi, Alabama and other regions into the heart of...
2006 hurricane preparations top Mississippi’s legislative agenda
Jan 23 2006 // PCI pushing for stronger building codes Enacting and enforcing a strong statewide building code could save billions of dollars in damages from hurricanes and should be among the top priorities of Mississippi lawmakers...
Fla. Insurance Council predicts hurricane coverage utmost concern
Jan 23 2006 // Florida Insurance Council Executive Vice President Sam Miller predicts hurricane insurance will be the most significant property and casualty issue in 2006, just as it was in 2005, on the state level. “Congress, at a...
Fraud Alert
Jan 22 2006 // A Florida corporation and its owner selling fraudulent contracts for home health care services to senior Floridians has been sued by Attorney General Charlie Crist. Clearwater-based Intrust Home Care and its president, Roy...
Looking at 2005 accomplishments
Jan 22 2006 // PIA of Fla.: Citizens will be ‘Biggest challenge of 2006’ The biggest challenge faced by Florida insurance agents and a topic which will also be discussed by the Legislature during its spring sessions will be...
News Currents
Jan 22 2006 // 2006 hurricane preparations top Mississippi’s legislative agenda PCI pushing for stronger building codes Enacting and enforcing a strong statewide building code could save billions of dollars in damages from...
