Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Hurricanes Behind Cuts in Earnings Estimates for AIG, Chubb, Other S&P 500
Oct 16 2018 // The S&P 500 has plummeted more than 5 percent since early October. The culprit: slowing earnings growth stemming from rising interest rates and oil prices, according to Goldman Sachs Group Inc. That straightforward...
Florida Orders Insurers to Halt Rate Hikes; Sets Up Hurricane Michael Claims Village
Oct 16 2018 // Florida’s insurance regulator has issued an emergency order that ensures “additional protections” to Florida policyholders – including freezing any rate hikes for 90 days – to support recovery efforts...
Georgia Working to Restore Power to Thousands After Hurricane Michael
Oct 15 2018 // Power outages caused by Hurricane Michael are likely to linger into early this week for some of the hardest hit communities in southwest Georgia. More than 188,000 homes and businesses still didn’t have power Friday....
Rescuers Continue to Search Florida Towns Demolished by Hurricane Michael
Oct 15 2018 // Dozens of people remained missing on Sunday in Florida Panhandle communities reduced to ruins by Hurricane Michael as rescuers said they expected the death toll to rise and survivors grappled with power outages and...
Hurricane Leslie Hits Coast of Portugal, Injuring 27
Oct 15 2018 // A weakened Hurricane Leslie slammed into the coast of Portugal, leaving 27 people injured as it uprooted trees, brought down power lines and smashed store windows with gusting winds and heavy rain. Over 60 people were...
Karen Clark: Hurricane Michael Losses Could Reach $8B
Oct 15 2018 // Catastrophe modeling firm Karen Clark & Co. (KCC) estimates insured losses from Hurricane Michael will be close to $8 billion, according to the KCC high resolution U.S. Hurricane Reference Model. This estimate includes...
Market Changes Not Expected From Hurricane Michael; Florida Insurers ‘Heavily’ Reinsured
Oct 15 2018 // Losses to the insurance industry from Hurricane Michael, a Category 4 storm that hit the Florida Panhandle before continuing a path of destruction through several other Southeast states, will be substantial but not enough...
Texas Coastal Lawmakers Urge Denial of Windstorm Insurer’s Filed 10% Rate Hike
Oct 15 2018 // More than 20 state legislators have signed a letter addressed to Texas Insurance Commissioner Kent Sullivan requesting that a 10 percent rate increase filed by the state’s property insurer of last resort for wind and...
Pennsylvania Warns About Flood-Damaged Vehicles After Hurricane Florence
Oct 15 2018 // With automotive officials estimating that as many as 40,000 vehicles were damaged by flooding from Hurricane Florence, the Pennsylvania Insurance Department and the Pennsylvania Department of Transportation (PennDOT) are...
Hurricane Michael’s Destruction in Photos
Oct 12 2018 // Images compiled by Insurance Journal show the devastation to the Florida Panhandle caused by Hurricane Michael, which hit the region Oct. 10 as a Category 4 storm. Loss estimates range from $3 to $9 billion, according to...
Insurers, Reinsurers Can Handle Hurricane Michael Losses: Fitch
Oct 12 2018 // The property/casualty re/insurance industry should be able to absorb the losses from Hurricane Michael, on top of losses from Hurricane Florence, as capital remains very strong, according to Fitch Ratings. Hurricane...
Rescuers Search for Survivors as Death Toll from Hurricane Michael Rises
Oct 12 2018 // Using heavy equipment to push aside debris and with helicopters circling overhead, rescuers in the Florida Panhandle searched for trapped residents as officials warned on Friday the death toll from HurricaneMichael was...
FEMA Hurricane Maria Relief Contracts to Face Audits
Oct 12 2018 // A new law requires the Federal Emergency Management Agency to investigate how it came to award Hurricane Maria relief contracts to a company with an unproven record. The Associated Press reported last year that the...
A.M. Best: Insurer Losses from Hurricane Michael Will Be ‘Significant’
Oct 12 2018 // Insurers, reinsurers and ILS investors could face significant losses from Hurricane Michael, a major Category 4 storm that began its assault on the Florida Panhandle Wednesday, according to a briefing from A.M. Best. Best...
Fast, Furious: How Michael Became a 155mph Monster Hurricane
Oct 11 2018 // Moist air, warm waters in the Gulf of Mexico, and ideal wind patterns supercharged Hurricane Michael in the hours before it smacked Florida’s Panhandle. Hurricane Michael was barely a hurricane Tuesday morning, with...
Michael Leaves Path Of Destruction Through Florida Panhandle
Oct 11 2018 // Hurricane Michael’s assault on the Florida Panhandle left nothing more than empty foundations and heaps of rubble in some parts of the small towns it crashed into with near-record force. Communications outages and...
Natural Disasters in September Bring Costliest Damages to Date for 2018: Aon Report
Oct 11 2018 // Hurricane, flood, and earthquake damages made September the costliest month for natural catastrophes in 2018, according to a report from Aon’s Impact Forecasting team. September is typically the busiest month for...
Reinsurers Including AIG’s Validus Await Hurricane Michael Claims
Oct 11 2018 // American International Group Inc.’s Brian Duperreault spent his first year as chief executive officer on a rebuilding effort, and his biggest acquisition is the one that can magnify the insurance giant’s...
After Battering Florida, Hurricane Michael Heads for Georgia, Carolinas
Oct 11 2018 // Hurricane Michael, the third most powerful storm ever to strike the U.S. mainland, headed northeast on Thursday, weakened but still set to soak Georgia and the Carolinas after devastating the Florida Panhandle. A man was...
CoreLogic Estimates Hurricane Michael Losses Could Top $4.5B; Top 10 Insurers Affected
Oct 11 2018 // Hurricane Michael’s torrential rain, storm surge, and hurricane-force maximum sustained winds that reached 140 miles per hour Wednesday could result in a historically devastating event for the northeastern Gulf...
