Latest Windstorm Headlines
All the headlines from our Windstorm Topic Page, ordered by recency.
Zurich Issues Loss Estimate for Spring Storms in U.S.
Jun 20 2011 // Zurich Financial Services Group said it currently estimates aggregate claims of approximately $295 million for both Zurich North America and Farmers Re relating to the series of severe weather-related events that hit the...
Alabama Governor Tackles Tornado Recovery, Home Insurance Options
Jun 20 2011 // Anyone with a suggestion or complaint about Alabama’s recovery from the deadly tornadoes in April should know that the buck stops with the governor. Gov. Robert Bentley said he’s not looking to the Federal...
Storm Fraud
Jun 20 2011 // Oklahoma Attorney General Scott Pruitt filed felony fraud charges against an Oklahoma construction contractor who homeowners said accepted payment for roof repair without performing the work. Six counts of violating the...
Massachusetts Digs out After Deadly Tornadoes
Jun 20 2011 // Homeowners in western Massachusetts have filed $90 million in insurance claims for damage caused by deadly tornadoes that ravaged Springfield and several smaller communities earlier this month. The state Division of...
Storm Shelters
Jun 20 2011 // Rep. Pat Ownbey of Ardmore says Oklahomans were reminded how vulnerable they can be when several tornadoes ripped through the state in May. Ownbey says lawmakers should take a look at incentives for having storm shelters...
Massachusetts Tornado Claims Now Up to $140 Million
Jun 17 2011 // The financial toll from tornadoes that ravaged Springfield and several smaller communities has risen dramatically. The state’s Division of Insurance estimated Thursday that residents have filed 8,200 insurance claims...
Texas House Approves Windstorm Insurance Changes
Jun 17 2011 // The Texas House approved widespread changes on June 15 to the Texas Windstorm Insurance Association, the organization that insures people who live along the coast. The House passed the bill on a 99-41 vote. The bill must...
Another Insurer, State Farm, Reports Major Spring Storm Losses
Jun 17 2011 // State Farm claim representatives said it has paid nearly $1.75 billion to its customers from the destructive storms of April and May. The total claim payments have nearly doubled in less than three weeks. Earlier this...
Providence Storm-Related Debris Pickup to End
Jun 16 2011 // Work crews in Providence are scheduled to finish pickup of storm debris at the end of this week. The city announced on Monday that June 18 will be the last day for storm debris pickup. The city says it will only pick up...
Cincinnati Financial Expects Up to $290M in Storm Losses for Q2 2011
Jun 14 2011 // Cincinnati Financial Corp. reported that The Cincinnati Insurance Companies’ property casualty group expects its second quarter 2011 results to include pre-tax catastrophe losses, net of reinsurance, of approximately...
Texas Windstorm Insurance Association Purchases Reinsurance
Jun 10 2011 // The Texas Windstorm Insurance Association (TWIA) announced it has purchased $636 million in reinsurance protection. The policy will cover losses that exceed the $1.6 billion in funds estimated to be available from the...
Travelers to Post Q2 Loss, Limit Share Buybacks Due to Storm Losses
Jun 10 2011 // Travelers Companies Inc. is slowing down its share buybacks and will post a second-quarter operating loss because of more than $1 billion in catastrophe losses, the property insurer said Friday. The company also warned of...
Oklahoma Contractor Charged With Fraud After Tornadoes
Jun 9 2011 // An Oklahoma construction contractor has been charged with taking payments to repair roofs damaged by recent tornadoes and strong storms, then failing to perform the work. Six felony counts of violating the Oklahoma...
Texas House Committee OKs Changes to Windstorm Insurance Bill
Jun 9 2011 // A Texas House of Representatives committee has approved big changes to the insurance authority that covers coastal properties for wind and hail. The House Insurance Committee passed a bill overhauling the Texas Windstorm...
Homeowners Seek $90M for Massachusetts Tornado Damage
Jun 9 2011 // Homeowners in western Massachusetts have filed $90 million in insurance claims for damage caused by deadly tornadoes that ravaged Springfield and several smaller communities last week, state officials said Tuesday. The...
Missouri: 17,000 Insurance Claims Filed So Far From Joplin Tornado
Jun 8 2011 // The major insurance companies serving consumers in the Joplin area have received nearly 17,000 claims so far from residents and business owners with damage from the EF-5 tornado that struck the area on May 22, insurance...
Texas Windstorm Insurance Issue Added to Special Session
Jun 7 2011 // Texas Gov. Rick Perry has added legislation relating to the operation of the Texas Windstorm Insurance Association as an issue to be addressed during the special session of the Legislature that began on May 31. “It...
Marsh Launches Index-Based Insurance Option for Earthquake, Windstorm Risks
Jun 7 2011 // Marsh now offers an option for organizations with significant earthquake and/or windstorm exposures that are unable to purchase enough insurance to adequately protect their assets. The new program is called Country...
Massachusetts Officials Collecting Storm Damage Reports
Jun 7 2011 // Emergency management officials are asking Massachusetts residents and business owners to let the state know about damage sustained in last week’s tornadoes. The information will be collected to assess the magnitude...
Late May Storms to Cost Insurers Up to $7 Billion: AIR
Jun 6 2011 // The severe thunderstorms that struck the United States from May 20 to the 27 will result in insured losses to residential, commercial, and industrial properties and their contents, and to automobiles of between $4 billion...
