Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Q&A With Attorneys on Emerging Business Insurance Topics
Nov 13 2012 // As companies large and small grapple with losses in Sandy’s aftermath, a number of critical — and costly — business questions have emerged. Darlene Alt and Robert DiUbaldo, two experienced insurance...
Feds: Levee System Did Not Cause Isaac Flooding
Nov 12 2012 // Federal officials say in a report released Nov. 9 that improvements to the New Orleans-area levee system did not cause Hurricane Isaac’s storm-surge flooding of areas in Louisiana that were not inundated during...
Navigating Claims Process Can Be a Challenge for Homeowners
Nov 12 2012 // People looking to rebuild their lives after Superstorm Sandy destroyed and damaged their homes may now have another struggle on their hands: Navigating the often-frustrating claims process with their insurance...
Superstorm Sandy Stress Scenarios Won’t Impact Insurer Ratings: Fitch
Nov 8 2012 // Even an extreme $40 billion scenario for property/casualty insurance industry losses from Hurricane Sandy would not drive material rating changes for insurers, analysts at Fitch Ratings said today. In a report providing a...
Some Homeowners Unexpectedly Hit With ‘Windstorm Deductible’
Nov 7 2012 // In the immediate days after Superstorm Sandy, officials in the Northeastern states declared that hurricane deductibles would not apply to Sandy claims. Officials from northeastern states including New York, New Jersey and...
Munich Re Raises 2012 Profit Forecast on Stronger 9-Month Results
Nov 7 2012 // Munich Re said it expects a higher consolidated result for 2012 than previously envisaged. Following a profit of €2.7 billion [$3.47 billion] for the first nine months of 2012 (same period last year: €80 million...
Attorney’s Advice to Insurers on Reducing Class Action Exposure Post-Sandy
Nov 6 2012 // A veteran attorney who spent several years defending insurance companies in lawsuits from Hurricane Katrina is offering advice to insurers on class action and bad faith exposure post-Sandy. Insurers will be denying claims...
Sandy Losses Within Hurricane Models, Manageable: Reinsurer Hiscox
Nov 5 2012 // Superstorm Sandy won’t put insurers’ finances under severe strain, and may allow them to push through a profit-boosting rise in prices next year, Hiscox , the biggest London-listed reinsurer, said on...
Hurricane Sandy Losses Expected to Top Irene’s
Nov 5 2012 // Hurricane Sandy appears to have easily caused more losses than last year’s Hurricane Irene, but final totals will be hard to come by for some time because of the scale of the disaster, catastrophe forecasting...
Hurricane Sandy’s Impact
Nov 5 2012 // Hurricane Sandy slammed into the New Jersey coastline on Oct. 29, bringing 80 mph winds and hurling a record-breaking 13.88-foot surge of seawater. Following the storm’s landfall, more than 7 million residences and...
Texas Lawmaker: TWIA’s Ike Litigation Costs Still Rising
Nov 5 2012 // Texas’ insurer of last resort for coastal property has paid out more than $1.2 billion in individual litigation costs related to 2008’s Hurricane Ike, one state lawmaker says. Information released by Rep. Larry...
Trends
Nov 5 2012 // It’s interesting to see what’s on people’s minds as potential catastrophes develop. Google’s top search on Oct. 29 as Hurricane Sandy approached the East Coast were for the “Weather...
Hurricane Deductibles Won’t Apply for Sandy in Del. Penn., R.I., D.C.
Nov 4 2012 // [Update: Maine also announced this week that hurricane deductibles would not apply for Sandy-related claims in the state. The Maine Bureau of Insurance told Insurance Journal Monday, Nov. 5, that hurricane deductibles will...
The Hartford’s Q3 Profit Soars; CEO Calls Hurricane Sandy ‘Manageable Exposure’
Nov 2 2012 // The Hartford Financial Services Group reported $401 million profit for its third quarter, up from $60 million profit posted during the same period one year ago. CEO Liam McGee said the Hartford generated strong...
Is Global Warming to Blame for Superstorm? Scientists Weigh In
Nov 2 2012 // Climate scientist Michael Oppenheimer stood along the Hudson River and watched his research come to life as Hurricane Sandy blew through New York. Just eight months earlier, the Princeton University professor reported that...
Controversy Over Hurricane Deductibles May Just Be Beginning
Nov 2 2012 // When the National Hurricane Center declared Sandy a “post-tropical storm” just before it made landfall, a lot of homeowners across New Jersey, New York, Connecticut and Maryland may have saved a lot of money....
Hurricane Sandy Takes Toll on New York’s Small Shops, Restaurants
Nov 2 2012 // Pumping water out of basements and yanking rotten food out of refrigerators, shop and restaurant owners said on Thursday they wonder when the power will come back and, more importantly, how they will possibly recover from...
Scope of Hurricane Sandy Widens, Death Toll Rises
Nov 2 2012 // From New York City’s Staten Island to the popular beach towns of the Jersey Shore, rescuers and officials on Friday faced growing evidence of widespread destruction wrought by superstorm Sandy, mounting anger over...
Falling Trees: Act of God or Covered Event?
Nov 2 2012 // Although not nearly on the scale of Hurricanes Katrina and Rita in 2005, Hurricane Isaac caused a surprising amount of damage in Louisiana despite the fact that it was only a category 1 hurricane, the weakest category by...
N.Y. Gov. Cuomo: New Yorkers Won’t Have to Pay Hurricane Deductible for Sandy
Nov 1 2012 // New York Governor Andrew Cuomo announced Wednesday that New York homeowners will not have to pay potentially large hurricane deductibles on insurance claims stemming from damage caused by Sandy. New York joins other...
