Hurricane Harvey News

CoreLogic: 52% of Houston Moderate, High Risk Properties Not in Flood Zone

Irvine, Calif.-based CoreLogic has conducted an analysis for the flooding occurring as a result of Hurricane Harvey. This analysis shows that 52 percent of residential and commercial properties in the Houston metro are at “High” or “Moderate” risk of flooding, …

IIAV ‘Redoubling’ Hurricane Preparedness Efforts Since Following Harvey’s Texas Impact

The Independent Insurance Agents of Virginia (IIAV) is motivated to “redouble its efforts” around hurricane preparedness, particularly as it relates to flood damage, since following Hurricane Harvey’s impact in Texas, according to President and CEO Robert Bradshaw in an emailed …

Cruise Ship Passengers Stranded in Gulf by Harvey

Cruise ships carrying thousands of passengers were stranded in the Gulf last Friday as Hurricane Harvey, a Category 4 storm, came ashore in the middle of the Texas coast, closing the Port of Galveston. Carnival Corp. said that three of …

Hurricane Harvey Shutters Key Oil, Gas Operations in Texas

Key oil and gas facilities along the Texas Gulf Coast have temporarily shut down as Hurricane Harvey pounds the region with torrential rain and high winds, virtually assuring gasoline prices will rise in the storm’s aftermath. Even before the Harvey …

Insurance Adjusters Mobilized to Deal with Harvey Cat Losses

Teams of insurance adjusters were mobilized Friday in Texas cities closest to Hurricane Harvey’s expected path of destruction. Hurricane Harvey made landfall late Friday evening as a category 4 hurricane. According to AIR Worldwide, “the eye of the storm crossed …

Saturday Update: Hurricane Harvey Expected to Weaken to Tropical Storm

Early this morning, Hurricane Harvey weakened to a category 1 hurricane as it moved farther inland over southeastern Texas. It continues to bring “life-threatening storm surge, rainfall, and wind hazards to portions of the Texas coast,” according to the National …

Harvey Hits Texas With Massive Winds, Torrential Rain

Harvey became the strongest hurricane to hit Texas in more than 50 years, making landfall in the heart of the U.S. energy sector and bringing the danger of a life-threatening storm surge. Harvey came ashore as a Category 4 storm …

A.M. Best Weighs Hurricane Harvey’s Financial Hit; Ranks Top 30 Texas Insurers

With Hurricane Harvey threatening the Texas coastline, A.M. Best said it has begun to assess the potential financial impact this event may have on the U.S. property/casualty (P/C) industry. The most recent track of Harvey has the storm path running …

RMS Comments on Tracking of Hurricane Harvey

Ben Brookes, RMS Vice President Capital Markets Solutions, posted the following blog update at 15:00 UTC , Friday August 25 Until yesterday evening Harvey looked like a rain-flooding threat, largely – likely to land-fall as a tropical storm or weak …

As Harvey Nears, Central Texas Coast Shuts Down

The National Hurricane Center has called off the hurricane watch from Port Mansfield, Texas, south to the mouth of the Rio Grande, but the Hurricane Harvey scenario for Corpus Christi and the surrounding areas on the mid-Texas coast seems to …