Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Trump Administration Seeks $29B in Hurricane Disaster Relief Funds
Oct 5 2017 // The Trump administration on Wednesday asked U.S. lawmakers to approve $29 billion in disaster relief funds to assist victims of recent hurricanes that hit Texas, Florida and Puerto Rico. The aid request includes $12.8...
Florida’s Tower Hill Prime Gets Revised Outlooks to Negative From A.M. Best
Oct 4 2017 // A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and Long Term Issuer Credit Rating of “a-” of Tower Hill Prime Insurance Co.,...
UPDATE 2: Global Re/Insurers Estimate Price Tag of Q3 Hurricanes & Quakes
Oct 3 2017 // Losses from Hurricane Maria and other recent 2017 natural catastrophes, including Hurricanes Irma and Harvey, the Mexico City earthquakes and other events, have led global insurers and reinsurers to issue profit...
Eyewitness to Destruction, Hope: TOPA Insurance CEO Shares Caribbean Hurricane Experiences
Oct 3 2017 // When Topa Insurance Group President and CEO John Donahue arrived in the U.S. Virgin Islands (USVI) just a few days after Hurricane Irma hit, one of the first things he noticed aside from the utter devastation was the look...
Hurricane Claim Insurance Checks Drive New Car Sales
Oct 2 2017 // As Hurricane Harvey poured on Houston, Frank Rodriguez feared for his 2014 GMC Sierra. Once he saw the pickup’s soaking-wet interior and center console full of water, he knew it was a lost cause. He just hoped his...
12th Nursing Home Resident Dies After Hurricane Irma-Related AC Outage
Oct 2 2017 // A 12th patient has died after being taken from an overheated Florida nursing home that lost its air conditioning during Hurricane Irma, officials confirmed on Friday. Dolores Biamonte, 57, died Thursday night, according to...
Florida Hurricane Irma Losses Keep Rising
Oct 2 2017 // With two Florida landfalls in the same day, Hurricane Irma’s destructive wind and flood damage could cost up to $65 billion for both insured and uninsured losses, according to a recent estimate by...
A.M. Best: Hurricane Irma to Test Florida Market Newbies
Oct 2 2017 // Hurricane Irma represents a sizeable catastrophe event that will test the infrastructure and potentially strain the financial wherewithal of some local and regional carriers in Florida, particularly those that are...
States Should Implement Stronger Safeguards for Consumers in Natural Disasters: Rutgers Report
Oct 2 2017 // As homeowners file insurance claims in the wake of Hurricanes Harvey and Irma, many could find their level of protection depends on the state where their damaged home is located, according to a research report released by...
Independent Texas MGAs Join Forces for Targeted Harvey Relief
Oct 2 2017 // A group of independently owned Texas managing general agents (MGAs) have come together to provide targeted, direct, local relief to communities affected by Hurricane Harvey. Texas MGAs for Disaster Relief is working with...
Analysts Expecting a Short-Term Hard Market for Property Risks
Oct 2 2017 // Damage left by Hurricanes Irma and Harvey will lead to a hardened property market and pricing correction, at least in the short-term according to a new KPMG survey. In related analysis, a new Morgan Stanley report...
With Hurricane Losses Insurers Downgrade Anticipated Profit Goals
Oct 2 2017 // Allstate expects insurance losses of about $593 million for August mainly due to Hurricane Harvey, which left a path of destruction along the Gulf Coast. The initial accounting follows warnings from other insurers that are...
Puerto Rico Power Outage to Mean More Business Interruption Claims
Oct 1 2017 // Puerto Rico’s island-wide power outage will mean a surge in insurance claims for lost business income that will increase the already high cost of damage caused by Hurricane Maria, likely tipping some big reinsurers...
North Carolina’s Outer Banks Reopened as Maria Heads Out to Sea
Sep 29 2017 // Maria was finally racing east over the Atlantic on Thursday, giving the United States a rest from the constant threat of tropical weather for more than a month. No injuries have been reported on the U.S. mainland from...
Senate Democrats Delete House-Backed Private Flood Insurance Policy Measure
Sep 29 2017 // Not long after the House passed legislation that included a provision to allow private flood insurance policies to satisfy flood coverage requirements, the Senate sidetracked the flood policy measure. The flood insurance...
RMS Estimates Hurricane Maria’s Insured Losses Will Range Between $15B and $30B
Sep 29 2017 // RMS, the Newark, Calif.-based risk modeling and analytics firm, estimated that the insured loss from Hurricane Maria will be between US$15 billion and US$30 billion. This estimate represents the insured losses associated...
Beazley Estimates $150M Earnings Hit From Hurricanes, Earthquakes
Sep 29 2017 // Lloyd’s of London insurer Beazley said on Friday it reckoned that its losses from hurricanes Harvey, Irma and Maria in the Caribbean and southern United States and a series of earthquakes in Mexico would reduce its...
Mobile Home Communities in Florida Keys Face Uncertainty After Irma
Sep 29 2017 // Overturned trailer homes are shown in the aftermath of Hurricane Irma, Monday, Sept. 11, 2017, in the Florida Keys. (Matt McClain/The Washington Post via AP, Pool) Architect Kobi Karp has a vision for affordable housing in...
Georgia Insured Losses from Hurricane Irma Exceed $300M, And Growing
Sep 29 2017 // The Georgia Office of the Commissioner of Insurance estimates that insured losses in the state from Hurricane Irma have now exceeded $300 million, with more than 50,000 property related insurance claims...
Chubb: Hurricanes Harvey, Irma Losses to Top $1 Billion
Sep 28 2017 // Chubb Ltd. has estimated it will see more than $1 billion in third-quarter losses stemming from hurricanes Harvey and Irma, a substantial hit for the insurer and reinsurer. The loss estimate is preliminary. Further details...
