Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Endurance Estimates Frances’ Losses at $20 Million
Sep 21 2004 // Bermuda-based Endurance Specialty Holdings Ltd. reported that estimated potential claims from Hurricane Frances, after-taxes and net of reinsurance and reinstatement premiums, are expected to be $20 million or less. The...
Oh, Mother!
Sep 20 2004 // Just before Charley and Frances wreaked havoc on Florida and surrounding states, the National Oceanic and Atmospheric Administration (NOAA) reiterated its original spring 2004 Atlantic hurricane outlook by calling for 12...
AIR Releases 2004 U.S. Storm, Terrorism Models
Sep 20 2004 // AIR Worldwide Corp. announced the release of its 2004 U.S. hurricane, earthquake, severe thunderstorm and terrorism models. The updated models reflect the latest scientific and engineering research into these perils, as...
Hurricanes Equal Crunch Time for Reinsurers
Sep 20 2004 // High-tech charts and up-to-the-minute data meticulously track Hurricane Frances as employees run storm simulations that pop out specific damage estimates for certain zip codes. The office is not run by a federal disaster...
Hurricanes Mean Crunch Time for Reinsurance Industry
Sep 20 2004 // High-tech charts and up-to-the-minute data meticulously track Hurricane Frances as employees run storm simulations that pop out specific damage estimates for certain zip codes. This office in Atlanta is not run by a...
Frances May Bring More Claims Than Charley, But Lower Severity
Sep 20 2004 // Preliminary reports from insurers indicate that Hurricane Frances will produce significantly more claims than Hurricane Charley, but the average claim will not be as high, according to the Des Plaines, Ill.-based Property...
Charley vs. Andrew: One Person’s Perspective
Sep 20 2004 // Twelve years ago last month, Hurricane Andrew hit Homestead and became the costliest natural disaster in U.S. history. Sadly, on this anniversary, thousands of Floridians again suffered the aftermath of another...
Hurricane Spin-down Coverage
Sep 20 2004 // Nuts & Bolts: ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, introduced hurricane spin-down insurance that can be used by the chemical process industry to help reduce the financial...
Winds of Change
Sep 20 2004 // Wasn’t it just about the time folks in Florida were catching their breath from Hurricane Charley that Frances came a calling? As this issue of Insurance Journal Southeast was being put to bed last week, yet another...
CAT Modelers: Ivan’s Estimated Losses Up to $10B
Sep 20 2004 // Initial estimated insured losses from Hurricane Ivan range from about $2 billion to about $10 billion, according to catastrophe modelers Eqecat, Inc. The estimated range of insured losses takes into account Category 3...
Safeco Estimates Losses from Hurricane Frances
Sep 20 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...
PCI Claims Hurricane Ivan Proves Need for Tougher Fla. Building Code
Sep 20 2004 // Last month’s decision by the Florida Building Commission to add more stringent wind provisions to the Florida Building Code was reportedly especially perceptive in the wake of three – and possibly four –...
Surplus Line Carriers
Sep 20 2004 // First Responders Once upon a time, the excess and surplus line market was the safety valve of the insurance industry—the more lightly regulated, more financially shaky little brother to the admitted market. It was said...
Ivan Not Finished With U.S.; I.I.I. Reports on Florida Hurricane Damage
Sep 18 2004 // While he lost his hurricane designation several days ago, what was Hurricane Ivan continued to bring misery to the United States, spawning more tornadoes and drenching areas from Georgia up through Pennsylvania in the last...
RMS: Potential Losses for Hurricane Ivan, $2 to $7 Billion
Sep 17 2004 // Risk Management Solutions (RMS), reported that insured losses from Hurricane Ivan in the U.S. are likely to range from $2 to $7 billion, based on updated information on landfall location and wind speeds. Additional insured...
Fitch Estimates Ivan May Become Second Costliest Hurricane For U.S. P/C Insurers
Sep 17 2004 // Chicago-based Fitch Ratings has issued some preliminary comments on the extent of the losses from Hurricane Ivan’s destructive rampage through Alabama, Florida and other Gulf Coast States. Fitch noted that...
Jeanne Heads for Bahamas; Karl on the Horizon as South Regroups
Sep 17 2004 // After briefly gaining hurricane strength, Tropical Storm Jeanne’s wind speed slowed as it drifted West-Northwestward along the north coast of Hispaniola. Even the comparatively slow winds – around 65 mph (104...
Florida CFO Reports Progress in Emergency Response Efforts in Wake of Hurricane Ivan
Sep 17 2004 // Florida’s Chief Financial Officer Tom Gallagher, who also serves as the State Fire Marshal, on Friday offered an update on search and rescue efforts and thanked emergency responders for their crucial, life-saving...
Gulf Coast DRC Resumes Operations as Ivan Moves On
Sep 17 2004 // State and federal officials announced that another Disaster Recovery Center (DRC) in Lee County, Florida has resumed operations, bringing to 23 the number of centers now open to assist victims of hurricanes Charley and...
Ga. Gov. Perdue Urges USDA to Expedite Disaster Assistance for Farmers Following Frances
Sep 17 2004 // Following the Governor’s initial request, the Georgia State Emergency Board is recommending approximately 100 counties for federal disaster assistance. Georgia’s crops were severely impacted by the high winds...
