Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Farmers Hit by Hurricanes in Alabama, Florida, Georgia to Get $800M in Federal Aid
Nov 12 2019 // The federal government announced $800 million in aid Friday to farmers in three southern states that were devastated by last year’s hurricanes. Nearly half that money will go to Florida, where timber farmers suffered...
North Carolina House Advances $257M Hurricane Aid Bill
Nov 4 2019 // North Carolina legislators are aiming to locate more funds to help with the recovery from recent hurricanes, with an emphasis on lessening damages in future storms. The full House voted unanimously Wednesday night for a...
Survey Shows Gaps in Building Codes Put Texas Coastal Residents at Risk
Nov 4 2019 // More than 7 million Texans live in Texas coastal areas that are vulnerable to hurricanes, according to an insurance industry-backed research and communications organization. A survey of cities and counties along the Texas...
Texas Voters to Decide on Proposition to Create Fund for Flood Prevention, Recovery
Oct 23 2019 // State lawmakers want to create a dedicated $800 million fund for flood prevention and recovery that would be safe from future legislative budget fights. They’re asking Texas voters to weigh in via a constitutional...
National Hurricane Center Issues Tropical Storm Warning Along Gulf Coast
Oct 18 2019 // A disturbance in the southwestern Gulf of Mexico is likely to become a tropical storm that will hit the northern U.S. Gulf Coast with wind and rain, forecasters said Thursday. Moving off the eastern coast of Mexico, the...
Florida Officials Say Insurers Not Doing Enough to Settle Hurricane Michael Claims
Oct 17 2019 // It’s been just over a year since Hurricane Michael made landfall in the Florida Panhandle, devastating the region as a Category 5 storm with 161-mph winds and causing more than $7.2 billion in estimated insured...
Timber Farmers in Florida Panhandle Face Tough Choices Year After Michael
Oct 16 2019 // The sunsets are a sight to behold in Joe Leonard’s neck of the woods these days. A year ago, lush stands of towering pines obscured the horizon, he said as he drove his pickup along a dusty Florida Panhandle road....
Hurricane Dorian Ties as Strongest Landfalling Atlantic Hurricane on Record: Aon
Oct 14 2019 // Hurricane Dorian made landfalls in the Bahamas, North Carolina, and Canada in early September, bringing total economic and insured losses in the billions, according to Aon’s monthly Global Catastrophe Recap...
Florida Panhandle Facing Uphill Battle in Recovery One Year after Michael
Oct 11 2019 // A year after Hurricane Michael, the Florida county hardest hit by the Category 5 storm is still in crisis: Thousands in Bay County are homeless, medical care and housing are at a premium, domestic violence has become a...
Hurricane Michael: One Year Later, Federal Aid for Recovery Totals Nearly $2B
Oct 10 2019 // Since Hurricane Michael made landfall Oct. 10, 2018, federal assistance for recovery in the 18 affected counties is nearly $1.9 billion, including FEMA grants, National Flood Insurance Program payments and U.S. Small...
George P. Bush Tapped to Oversee $4B Texas Disaster Mitigation Plan
Oct 10 2019 // Texas Land Commissioner George P. Bush and the Texas General Land Office have been appointed to lead a comprehensive resiliency and disaster mitigation program, funded by more than $4 billion in U.S. Department of Housing...
State Finds Florida Specialty Insurance Insolvent; 90K Homeowners Lose Coverage
Oct 7 2019 // Florida personal lines insurer Florida Specialty Insurance Co. (FSIC) has been ordered into receivership and will be liquidated after state regulators determined the company is insolvent and unable to establish a viable...
Hurricane Dorian Caused More Than C$105M in Insured Damage to Atlantic Canada
Oct 7 2019 // Hurricane Dorian hit Atlantic Canada on Sept. 7 causing more than C$105 million (US$78.9 million) in insured damage, said Insurance Bureau of Canada, quoting the Catastrophe Indices and Quantification Inc. (CatIQ).* The...
Catastrophe Modelers: U.S. Insured Losses from Dorian Could Reach $1.5B in U.S.
Oct 7 2019 // Insured loss estimates for Hurricane Dorian will range from $500 million to $1.5 billion, according to catastrophe modeling firms Karen Clark & Co. and RMS. According to KCC, Dorian reached peak intensity of 185 mph...
Hurricane Lorenzo Lashes Azores, Causing Minor Damage, with Ireland as Next Stop
Oct 3 2019 // Hurricane Lorenzo powered across the Atlantic Ocean on Wednesday, lashing the Azores Islands with heavy rains, powerful winds and high waves but causing only minor damage, according to authorities. The Azores Civil...
Investors Betting Against U.S. Mortgage Market Are Banking on Mispriced Flood Risk
Oct 3 2019 // David Burt helped two of the protagonists of Michael Lewis’ book The Big Short bet against the U.S. mortgage market in the run-up to the 2008 financial crisis. Now he’s betting against the market again, but...
Update: Hurricane Lorenzo Loses Power but Swells in Size as It Heads Toward Ireland
Oct 2 2019 // Hurricane Lorenzo, the largest storm ever to roam the Eastern Atlantic, is forecast to strike the heart of Ireland’s west coast within days carrying tropical-strength winds, driving rain and a huge storm surge. Once...
11 South Carolina Counties to Receive Federal Aid for Hurricane Dorian Damage
Oct 2 2019 // President Donald Trump has issued a declaration approving specific federal assistance for South Carolina areas affected by early September’s Hurricane Dorian. The White House on Monday ordered that federal aid be...
Parametric Catastrophe Facility CCRIF Pays US$12.8M to Bahamas for Dorian Damages
Sep 27 2019 // CCRIF has made two payouts to the government of The Bahamas totaling US$12.8 million in the aftermath of Hurricane Dorian, which caused widespread destruction in the northern part of the archipelago. The Bahamas has three...
U.S. Private Flood Insurance: The Journey to Build a New Market
Sep 27 2019 // Not long ago, private flood insurance was thought to be an impossible dream in the property/casualty sector. There were numerous arguments supporting the common wisdom that a meaningful market for residential flood...
