Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
FEMA Opens Hurricane Recovery Centers in N.J.
Oct 12 2004 // The Federal Emergency Management Agency (FEMA) has opened two disaster recovery centers to help people and businesses whose property was damaged last month by the remains of Hurricane Ivan and subsequent flooding in New...
Midland Sees Q3 Profit Despite Hurricanes
Oct 12 2004 // Cincinnati-based specialty insurer the Midland Co. projected a third-quarter profit, despite volatile weather conditions during the quarter. “We are anticipating earnings per share for the third quarter to be between...
AXIS Capital Notes Q3 Hurricane Impact
Oct 12 2004 // AXIS Capital Holdings Ltd. reported that the total estimated net after-tax impact relating to its exposure to Hurricanes Charley, Frances, Ivan and Jeanne during the third quarter is expected to be between $190 –...
Affirmative Notes Negligible Losses from Hurricanes
Oct 12 2004 // Texas-based Affirmative Insurance Holdings Inc., a provider of personal non-standard automobile insurance, has reported it has experienced negligible losses from the four hurricanes that impacted the southeastern United...
Safeco Estimates 3Q Catastrophe Losses
Oct 12 2004 // Seattle-based Safeco announced that its aggregate pretax catastrophe losses for the third quarter are estimated at $195 million. The estimated effect on third-quarter net income is $127 million after tax, or $0.96 per...
SAFECO ESTIMATES LOSSES FROM HURRICANE FRANCES:
Oct 11 2004 // Seattle-based Safeco announced that its pretax catastrophe losses stemming from Hurricane Frances are estimated at $28 million. This figure represents the estimated losses both from claims received through Sept. 20, 2004...
Industry Pitched In After Hurricanes
Oct 11 2004 // Insurance Journal applauds the industry for its speedy reaction and assistance to assess damage and help out after hurricanes Bonnie, Charley, Ivan, and Frances tore through the southeast leaving major damage — no...
Gallagher Addresses Hurricane Victims’ Concerns of Multiple Deductibles
Oct 11 2004 // Floridians hit by four hurricanes in six weeks faced the likelihood of paying individual deductibles for each hurricane, amounting to tens of thous-ands of dollars in deductibles, until Florida’s Chief Financial...
Insurance Industry Meets Challenge As Hurricanes Tear Through Southeast
Oct 11 2004 // National and state insurance industry associations reacted speedily as hurricanes Charley, Ivan, Frances and Jeanne tore through the southeast — all four landing in Florida and continuing on to devastate states as...
CLEANUP BEGINS AFTER HURRICANE JEANNE:
Oct 11 2004 // At least six people were killed by the fourth hurricane to hit the state in six weeks. After Hurricane Jeanne came ashore in Fort Pierce, the east coast was pummeled with 120 mph winds, while by the time she crossed over...
$13 TO $15 B HURRICANE DAMAGE LOSSES ESTIMATED:
Oct 11 2004 // The triple-whammy hits of hurricanes Ivan, Frances and Charley combined probably produced about $13 billion to $15 billion in losses, according to catastrophe modeler Risk Management Solutions of Newark, Calif. The losses...
FREEZE PLACED ON HOMEOWNER’S POLICIES:
Oct 11 2004 // Florida’s State Cabinet approved a measure recommended by Florida Chief Financial Officer Tom Gallagher to impose a 60-day grace period on premium payments and non-renewals for homeowners insurance, in the aftermath...
MOBILE HOMES BEAR BRUNT OF HURRICANE DAMAGE IN FLORIDA:
Oct 11 2004 // Despite improvements in construction and safety standards since Hurricane Andrew, damage to mobile homes in the paths of recent hurricanes was significant according to the Property Casualty Insurers Association of America...
GEORGIA PURSUES FEDERAL DAMAGE ASSESSMENT:
Oct 11 2004 // Georgia Gov. Sonny Perdue has directed the Georgia Emergency Management Agency (GEMA) to pursue a federal damage assessment in the wake of Hurricane Frances, and is also expected to request a similar assessment of damage...
HURRICANES PROVE COMMERCIAL INSURANCE’S VALUE:
Oct 11 2004 // Business owners who debate the need for insurance coverage have learned an invaluable lesson from hurricanes Charley and Frances, according to the Property Casualty Insurers Association of America (PCI). In the aftermath...
Remember the Lessons of Hurricane Andrew
Oct 11 2004 // Due to efforts to rebuild the Florida property insurance market after Hurricane Andrew, most policyholders in the wake of 2004s more costly hurricane season should not face the same post-Andrew price increases or limited...
Amlin Estimates Net Losses from Hurricanes and Typhoons at $133 Million
Oct 10 2004 // Amlin, a leading Lloyd’s insurer, has released its estimates for losses relating to Hurricanes Charley, Frances, Ivan and Jeanne, together with Typhoon Songda, indicating that gross claims are around $263 million...
Platinum Estimates Q3 Net Impact From Recent Hurricanes at Approximately $130 Million
Oct 8 2004 // Bermuda-based Platinum Underwriters Holdings, Ltd. announced that, based on currently available information, it estimates the net after-tax negative impact on third quarter results from Hurricanes Charley, Frances, Ivan...
Fla. Policyholders Being Dropped After Hurricanes
Oct 8 2004 // After going through four hurricanes, some residents have reportedly been dropped by their insurance company. But before an insurance company can drop or change someone’s policy, there are legal steps they must take...
EMC Reports Q3 Estimated Losses from Jeanne
Oct 8 2004 // Iowa-based EMC Insurance Group Inc. has reported that the company’s reinsurance segment anticipates that losses associated with Hurricane Jeanne, which hit the State of Florida on Sept. 25, will be capped at $1.5...
