Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
PXRE Estimates Rita Impact at $30-$40 Million; Sees Q3, Full Year Loss
Sep 29 2005 // The Bermuda-based PXRE Group Ltd. has announced that its preliminary estimate of the net impact from Hurricane Rita is between $30 and $40 million, “after tax, reinsurance recoveries on its outwards reinsurance...
S&P Revises Outlook on Global Reinsurers from Stable to Negative; To Hold Telephone Conference
Sep 29 2005 // Standard & Poor’s Ratings Services announced that it has revised its outlook on the global reinsurance industry to negative from stable. The news appears in a report, published today, entitled “Near-Term...
Mold Proves Yet Another Challenge in Wake of Hurricanes
Sep 29 2005 // The horrific wake of two hurricanes on the Gulf Coast includes near-universal mold damage, a side effect that, while troublesome to home and business owners, may have its largest consequences on real estate lenders. With...
Munich Re Analyzes Katrina/Rita Impact; Insured Loss Around $40 Billion
Sep 28 2005 // Munich Re has issued a report on the impact of Hurricanes Katrina and Rita on the insurance industry. The world’s largest reinsurer said it “estimates total insured market losses at up to US$ 40 billion,”...
Brit Estimates Total Katrina/Rita Claims at $256 Million
Sep 28 2005 // The U.K.’s Brit Insurance Holdings PLC announced that it has preliminarily estimated its combined loss claims from Hurricane Katrina, the New Orleans Flood and Rita at 145 million pounds ($256 million). “This...
La. DOL Extends Disaster Unemployment Assistance Filing Following Hurricane Rita
Sep 28 2005 // The Louisiana Department of Labor announced that those affected by Hurricane Rita have until Nov. 30 to file for Disaster Unemployment Assistance. Because of the widespread devastation to homes and businesses in...
Texas Gov. Perry Asks Federal Government for Full Reimbursement of Rita Costs
Sep 28 2005 // Texas Gov. Rick Perry has sent a letter to federal officials requesting that Texas get the same level of reimbursement for Hurricane Rita as for Hurricane Katrina. Perry also joined with Houston Mayor Bill White and Harris...
NOAA Meteorologists Predict ‘Strong Likelihood’ of October Hurricane
Sep 28 2005 // There is a strong likelihood another hurricane will occur in October and the most likely landfall will be Florida and Gulf region, according to meteorologists with the Hurricane Research Division of the National Oceanic...
Before Hurricane Rita Made Landfall, AppRiver Offered Digital Disaster Safety
Sep 27 2005 // Before Hurricane Rita made landfall, AppRiver, a Gulf Breeze, Fla. provider of business email security solutions, offered companies in the path of Hurricane Rita a free service to protect and preserve email traffic in case...
Safeco Estimates Katrina After-Tax Losses at $78M
Sep 27 2005 // Seattle-based Safeco announced estimated after-tax catastrophe losses from Hurricane Katrina of $78 million, or $0.61 per diluted share. Safeco’s gross pretax losses before reinsurance are estimated to be $170...
Hurricane Victims in Texas Can File Claims Before Seeing Damage
Sep 27 2005 // Texans who can’t return home because of the damage caused by Hurricane Rita can file a claim without seeing what has happened to their property, according to the Insurance Council of Texas. By filing a claim now, the...
Fitch: Hurricane Rita Won’t Cause Widespread U.S. Insurance Company Rating Changes
Sep 26 2005 // Fitch Ratings said Monday it expects Hurricane Rita will represent a material loss to the insurance industry and will create further strain on insurers’ claims-adjusting resources. However, Fitch does not expect any...
Floridians Warned: Hire Reputable Contractors for Hurricane Cleanup
Sep 26 2005 // Florida Attorney General Charlie Crist has advised Floridians affected by Hurricane Rita to use extra caution when hiring workers to help clean up the damage caused by the storm. In particular, Crist warned those who are...
Texas DWC Reports Field Office Closures, Openings Following Hurricane Rita
Sep 26 2005 // The Texas Department of Insurance Division of Workers’ Compensation (DWC) will reopen some of its field offices on Sept. 26 as local areas clean up from Hurricane Rita. Other field offices will remain closed until at...
TDI Staff Available in Houston to Assist Victims of Hurricanes Rita and Katrina
Sep 26 2005 // The Texas Department of Insurance announced that beginning Sept. 26, staff members are being deployed to its Houston Insurance Assistance Center (IAC) to assist Hurricane Rita victims with their insurance questions and...
Database to Track Cars Damaged by Hurricane Katrina
Sep 26 2005 // A new, expanded database to track vehicles flooded by Hurricane Katrina has been set up to prevent them from turning up on used car lots around the country, the Associated Press and New Orleans Times-Picayune...
Crawford & Co. Adjusters Respond to Hurricane Rita
Sep 26 2005 // Crawford & Company Catastrophe Services has kept a watchful eye on Hurricane Rita, the year’s 17th named storm, as it churned through the Gulf of Mexico to Texas and Louisiana. Crawford, which already had...
St. Paul Travelers Issues Hurricane Katrina Loss Estimates
Sep 26 2005 // The St. Paul Travelers Companies Inc. announced that its preliminary estimate for losses relating to Hurricane Katrina is approximately $800 million, after tax and after the impact of reinsurance, and including the cost of...
RMS: Hurricane Rita’s Insured On-Shore, Off-Shore Losses Expected to be $4-$7 Billion
Sep 25 2005 // Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, has estimated that insured losses from Hurricane Rita are likely to range from $4 to $7 billion, based on current...
Report Discusses Hurricane Katrina’s Impact on the Construction Industry
Sep 25 2005 // NIP Specialty Brokerage, LLC, a wholesale brokerage specializing in construction, released an Insurance Advisory focusing on market impacts of Hurricane Katrina on the construction industry, with a focus on home...
