Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
PCI Asks Fla. Committee: Give Hurricane Reforms Time Before Making Changes
Jan 14 2005 // The Property Casualty Insurers Association of America urged Florida lawmakers meeting today in Tallahassee to allow the reforms made to hurricane insurance deductibles during the special legislative session to have time to...
Fla. Legislative Committees Preparing for 2005 Session
Jan 12 2005 // An overview of property and casualty issues, homeowners, commercial property, PIP, medical malpractice and workers’ compensation have been presented to Florida legislative committees by Gary Guzzo, Florida Insurance...
Philadelphia Consolidated Holding Corp. Personal Lines Division Back to Accepting New Applications; Fla. Targeted Market
Jan 12 2005 // Philadelphia Consolidated Holding Corp. on Wednesday announced that its personal lines division, Liberty American Insurance Group, has resumed accepting new insurance applications for its homeowners, condominium and rental...
Snow-birds Flocking to Fla., Filing 8,000 Damage Claims Per Week
Jan 10 2005 // Snow-birds who only come to Florida in the winter are accounting for an average of 8,000 new hurricane damage claims per week according to the Hurricane Insurance Information Center and the Florida Insurance Council. More...
Mutiple Deductible Reimbursement Program Lauched to Aid Fla. Hurricane Victims
Jan 6 2005 // The program to reimburse Floridians who were subject to multiple insurance deductibles because their homes were damaged by more than one hurricane in 2004 was launched today by Florida’s Chief Financial Officer Tom...
Commercial Property Market Survives Extraordinary and Ordinary Catastrophes
Jan 3 2005 // The commercial property market took a huge hit from four major hurricanes that struck the U.S. mainland this past year. The full effects may have yet to be felt, however, it looks like commercial property insurers came...
Florida: Still a Long Way to Go
Jan 3 2005 // Disgruntled homeowners attempting to repair residences destroyed by hurricanes Charley, Frances, Ivan and Jeanne applauded Florida legislators after they unanimously approved a bill to reimburse them for multiple...
N.C. GOV. APPROVES $90M FOR HURRICANE RELIEF:
Jan 3 2005 // North Carolina Gov. Mike Easley approved a request from the Western Recovery Task Force to provide assistance to local governments affected by six storms that inflicted heavy losses in North Carolina last fall. In response...
Fla. Legislature Approves Refunds, Slates Special January Sessions
Jan 3 2005 // Florida’s storm-ravaged hurricane victims made top-of-the page headlines in newspapers and were interviewed “Live at Five” on television news broadcasts during mid-December as the Florida Legislature met...
Partnership to Improve Hurricane Preparedness
Jan 3 2005 // Floridians will long remember 2004 as the year of the hurricane. The Atlantic region had 15 named storms, nine of them hurricanes. Of those, four hit Florida in the span of six weeks. Recently, hurricane forecaster William...
Effect of Navy shipbuilder payments on insurance questioned
Jan 2 2005 // A Navy plan to pay Gulf Coast shipbuilders about $1.7 billion for losses related to damages and construction delays from Hurricane Katrina may overstate the actual costs and could dampen efforts to collect insurance...
Hawaii Hurricane Insurer Raises Rates 20 Percent
Dec 31 2004 // The state’s largest provider of hurricane insurance to local homeowners has raised its rate by an average of about 20 percent, the first rate increase in the company’s four years in Hawaii. Zephyr Insurance Co....
FEMA Extends Aid Deadline to Feb. 28
Dec 30 2004 // The deadline for anyone who suffered losses from hurricanes Charley, Frances, Ivan or Jeanne to apply for assistance has been extended by the Federal Emergency Management Agency (FEMA) to Feb. 28. A U.S. Small Business...
Best Downgrades Rating for Cayman General Insurance
Dec 30 2004 // A.M. Best Co. has downgraded the financial strength rating to B- (Fair) from A- (Excellent) of Cayman General Insurance Company Limited (Cayman General) (Cayman Islands). The rating remains under review with negative...
Georgia Still Cleaning Up After Hurricane Ivan, Storms
Dec 28 2004 // More than $114 million in hurricane claim losses have been reported in Georgia by John Oxendine, Insurance Commissioner, while Hurricane Ivan accounted for $75 million in damages. A number of families in metro Atlanta are...
Best Reports P/C Industry Maintains Underwriting Profit, Despite “Unprecedented Cat Events”
Dec 28 2004 // A.M. Best Co. has released a year-end report on the U.S. P/C industry, which indicates that, “despite the colossal hurricane losses posted during the third quarter of 2004,” it “reported very strong...
NOAA: U.S. Reported Tornadoes Reaches Record High
Dec 27 2004 // The total number of tornadoes reported in the United States reached a record high during the year 2004, surpassing the previous record by almost 300, according to officials at NOAA’s Storm Prediction Center in...
SBA Filing Deadline Extended to Jan. 3 in Fla., Ala.
Dec 23 2004 // The U.S. Small Business Administration (SBA) has extended application deadlines to Jan. 3 for residents and business owners in Florida and Alabama. A spokesman said it has approved more than $1 billion in loans in Florida...
Swiss Re <em>sigma</em> 2004 Catastrophe Estimates: 21,000 Dead; $105 Billion Economic Loss; $42 Billion Insured
Dec 21 2004 // According to preliminary estimates from Swiss Re’s forthcoming sigma report, more than 21,000 people around the world lost their lives as a result of natural and man-made catastrophes in 2004. Economic losses were...
Industry Resolutions for 2005
Dec 20 2004 // This is Insurance Journal‘s year-in-review issue and what a year it was! Between four hurricanes that churned through southeast coastal states; the aftermath of the hurricanes, resulting in floods as far north as...
