Latest Windstorm Headlines
All the headlines from our Windstorm Topic Page, ordered by recency.
North Carolina Still Tallying Costs of Deadly Weekend Tornado
Nov 19 2008 // North Carolina Gov. Mike Easley said more than 60 homes were either damaged or destroyed by a fatal tornado in North Carolina over the weekend, but the financial costs still were unclear. Easley met with officials in Kenly...
Storms Tear through Eastern Australia; One Death Reported
Nov 18 2008 // A series of violent storms tore across Australia’s East Coast, sweeping one man down a storm drain to his death, blowing roofs off houses and knocking out power to hundreds of thousands of buildings. Sunday’s...
Rate Change Granted for Texas Windstorm Insurance Association
Nov 18 2008 // Commercial and residential rates for policies written through the Texas Windstorm Insurance Association (TWIA) will rise in February when rate increases approved by the Texas Department of Insurance (TDI) go into...
Storms Blamed for Increase in Kansas Homeowner Insurance Premiums
Nov 14 2008 // Kansas appears to be seeing the effects of tornadoes in June in its insurance rates and not even Dorothy’s red shoes can click this bad news away. The Kansas Insurance Department says that since July 1, premiums for...
Even Buffett Can’t Escape Markets, Storms; Berkshire Profit Falls 77%
Nov 10 2008 // Warren Buffett’s Berkshire Hathaway Inc. said Friday third-quarter profit fell 77 percent, the fourth straight quarterly decline, hurt by weaker results from insurance underwriting and a big loss on derivatives...
$395 Million Approved for Flood, Tornado Recovery in Iowa
Nov 2 2008 // Iowa communities are getting help recovering from a series of natural disasters this year with nearly $395 million in state and federal funding. The money will go to at least 3,200 projects. The biggest chunk of it, about...
Selective Insurance Posts Profit Despite Storm Claims, Investment Decline
Oct 31 2008 // New Jersey-based Selective Insurance Group, Inc. today reported its financial results for the third quarter ended Sept. 30, 2008 that included a profit despite storm claims and a drop in investment income. Selective...
3 Months After Tornado, Some in New Hampshire Still Fighting Red Tape
Oct 30 2008 // Three months after a tornado ripped a 50-mile swath through central New Hampshire, some residents still are caught in a swirl of red tape as they fight to rebuild their damaged or destroyed homes and get on with their...
Storms Take Toll on Louisiana Nonfarm Jobs
Oct 29 2008 // Louisiana experienced a loss of 17,500 jobs in the seasonally adjusted number of nonfarm jobs from August to September 2008, the Louisiana Workforce Commission announced recently. However, the September nonfarm job total...
Reinsurers Expect Financial Storm Will Cause Premium Increases
Oct 28 2008 // The world’s reinsurers expect the intensifying financial market storm will allow them to push through higher prices for the risk cover they offer insurance companies. The world’s No. 2 and No. 4 reinsurers,...
Texas Windstorm Insurance Pool’s Mobile Claim Office Closing Nov. 5
Oct 28 2008 // The Texas Windstorm Insurance Association (TWIA) reported that adjusters have now made contact with all policyholders except those who have recently reported claims. As a result TWIA will close its mobile catastrophe claim...
W.R. Berkley Estimates $41M Storm, $143M Investment Losses for Q3
Oct 20 2008 // W. R. Berkley Corp. estimates that it will report after-tax storm losses of $41 million, or $0.24 per share, from Hurricanes Ike, Gustav and Dolly as well as an unusually high number of wind and hail storms in the...
SBA: $50M Approved for Louisiana Storm Victims
Oct 20 2008 // The U.S. Small Business Administration says it has approved more than $50 million in low-interest loans to Louisiana homeowners, renters and businesses that suffered damages in September 2008 hurricanes. The SBA is the...
$395 Million Approved for Flood, Tornado Recovery in Iowa
Oct 20 2008 // Iowa communities are getting help recovering from a series of natural disasters this year with nearly $395 million in state and federal funding. The money will go to at least 3,200 projects. The biggest chunk of it, about...
Storms’ Toll Takes on Many Forms
Oct 20 2008 // The industry group says at least $553.1 million in insured losses were left by remnants of Hurricane Ike, which swept through the state on Sept. 14. The economic crisis with the failures of Lehman Brothers, then AIG, and...
Carvill Offers Options on Individual Named Storms
Oct 20 2008 // Carvill Capital Markets recently listed named storm contracts on the Chicago Mercantile Exchange, providing coverage for live hurricanes and for an entire hurricane season. Patrick Gonnelli, president of Carvill Capital...
Carvill Offers Options on Individual Named Storms
Oct 20 2008 // Carvill Capital Markets recently listed named storm contracts on the Chicago Mercantile Exchange, providing coverage for live hurricanes and for an entire hurricane season. Patrick Gonnelli, president of Carvill Capital...
Ike is Costliest Storm in Texas History; Price Tag Now More Than $11B
Oct 13 2008 // A month after Hurricane Ike pounded the island, piles of sheetrock, appliances, furniture and family mementos dot most streets in Galveston. Electronic road signs in Southeast Texas flash, “Watch for cows next 20...
Hurricane Ike’s Windstorm Costs Insurers $550 Million in Ohio Damages
Oct 9 2008 // Winds from Hurricane Ike will cost insurance companies at least $553.1 million to cover property damage and other losses in Ohio, making it the state’s most expensive natural disaster in more than three decades, a...
Ike Claims for Texas Windstorm Pool May be Less Than Expected
Oct 9 2008 // Two weeks after Hurricane Ike hit Galveston, Texas, on Sept. 13, the Texas Windstorm Insurance Association, the state’s insurer of last resort for wind coverage along the coast, was fielding thousands of claims per...
