Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
After the Wreckage, Hurricane Katrina Spawns Lawsuits
Oct 3 2005 // Shortly after Hurricane Katrina devastated parts of Louisiana, Mississippi and Alabama, the U.S. Chamber Institute for Legal Reform issued a statement warning that the financial wreckage caused by Hurricane Katrina could...
Hurricane Rita Losses Not as High as Previous Storms
Oct 3 2005 // But destruction will add to totals from Dennis, Katrina and Ophelia. While indications are that damages from Hurricane Rita won’t come close to equaling those of its immediate predecessor, Hurricane Katrina, that...
News Briefs
Oct 3 2005 // ARKANSAS The Workers’ Compensation Research Institute reported that Ar-kansas’ workers’ compensation system has experienced a period of stability after extensive reforms were passed in 1993, but...
Editor’s Note: Picking Up the Pieces
Oct 3 2005 // Although Hurricanes Katrina and Rita are behind us, hurricane season continues through the end of November. And while it does, residents on the Gulf and Atlantic Coasts are picking up the pieces and rebuilding their lives,...
Hurricane Katrina: The Legal Saga Begins
Oct 3 2005 // The New Orleans tragedy may spawn a wave of litigation related to flood protection and levee failures. Public statements, which may serve as a foundation for massive public safety legal claims, began Sept. 1. Based on the...
New Report Warns of Rising Threat to US Insurers from Climate Change
Oct 3 2005 // Higher premiums, coverage restrictions already hitting many parts of country. Hurricane Katrina is a poignant reminder that U.S. insurers, government and consumers are at enormous risk from escalating losses from...
How Did Catastrophe Models Weather Katrina?
Oct 3 2005 // While it’s too early to tell if the highly touted computer catastrophe models met expectations for Hurricane Katrina, there are indications the models didn’t work as well as some insurers had hoped. Several...
Fitch: Katrina Causes Unprecedented Challenges, Risks for P/C Insurers
Oct 3 2005 // The circumstances surrounding Hurricane Katrina are unprecedented in many ways, reports Fitch Ratings. So much so that the rating agency may need to reassess the core risk profile of the property/casualty insurance...
Creation of a Federal Cat Fund Hits Mainstream
Oct 3 2005 // The devastation left by Hurricane Katrina stirred up familiar talk in the insurance industry and beyond about the need for a federal catastrophe risk program. And less than a month after Katrina, insurance regulators from...
TDI Increases Assistance in East Texas; Expands Help Line Hours
Sep 30 2005 // The Texas Department of Insurance announced it is sending additional insurance specialists to East Texas to help consumers affected by Hurricane Rita. Six assistance centers have already been established around the state,...
PIA Legislative Update: Agents Have Until March to Make Recommendations to Florida’s Hurricane Task Force
Sep 30 2005 // Legislative changes effecting property insurance that took place this year in the Florida Legislature were discussed by Keri Rayborn, Rayborn Consultants, and Ron Villella, PIA’s government affairs director, during a...
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...
