Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
European Insurance Forum Examines Industry Changes
Apr 9 2008 // The 10th edition of the European Insurance Forum wrapped up proceedings on Tuesday night. The two-day conference, held at Dublin’s Four Seasons Hotel and sponsored by the Dublin Insurance & Management...
Storm Damage Mitigation May Lead to Discounts for La. Homeowners
Apr 8 2008 // Insurance premium discounts are available in 2008 to homeowners in Louisiana who build or retrofit a structure to comply with the requirements of the State Uniform Construction Code, install damage mitigation improvements,...
Recession? In South Central States it Depends Upon Where You Are
Apr 7 2008 // With some notable exceptions — southern Louisiana for one — the economies of the South Central states seem to be holding steady against the looming prospect of a nationwide recession. Populations are growing in...
Hurricane Law Group Alleges Florida Withheld Consumers’ Mediation Options
Apr 3 2008 // The Florida-based Hurricane Law Group announced today that it has filed a lawsuit in the Circuit Court of the Second Judicial Circuit in Leon County against CFO Alex Sink, Insurance Commissioner Kevin McCarty, the...
Actuaries Identify Hurricanes as Top Insurance Risk for 2008
Apr 2 2008 // Hurricanes pose the greatest act of nature risk to the U.S. insurance industry for 2008, according to EMB, an actuarial consulting firm. With the hurricane season on the horizon, insurers must prepare for this heightened...
Disaster Derivatives Set to Grow in 2008
Apr 1 2008 // With the United States bracing for big hurricanes this year, new derivatives to trade catastrophe risks offer insurers the extra protection they crave against multi-billion-dollar storms. Trading of “catastrophe...
Florida Senate Passes Bill to Reduce Insurers’ Catastrophe Coverage Limits
Mar 27 2008 // Legislation passed by the Florida Senate this week would reduce the amount of state-funded reinsurance that insurers can purchase under the temporary increase in coverage limit (TICL) program. The Senate bill would reduce...
Head-in-the-Sand Response Won’t Work for Florida Property Insurance
Mar 24 2008 // As the 2008 legislative session begins and hurricane season approaches, Florida’s businesses and homeowners continue to struggle with the increasing cost of property insurance. The quest for answers to the...
Declarations
Mar 24 2008 // Long-Term Vision Needed “The nation needs to develop a new long-term vision for its highway system that would include improving conditions and safety and reducing traffic congestion.” —William M. Wilkins,...
Help Finally Available for Louisiana’s Hurricane-Weary Fishermen
Mar 21 2008 // For the past two and a half years, Louisiana’s fishermen have relied on their natural gift for resourcefulness and made do with jury-rigged docks cobbled together from hurricane debris and spent countless hours in...
State Farm Restricts Storm Coverage for Coastal Alabama
Mar 21 2008 // Reacting to Gulf Coast hurricanes and potential future storm losses, State Farm said it will limit coverage in Alabama for new policies in Mobile and Baldwin counties beginning April 1. State Farm, based in Bloomington,...
Google to Make Hurricane Flood Threat Data Available to Public
Mar 20 2008 // Americans in the hurricane danger zone may soon be able to use Google to find out if their own home is threatened by a dangerous storm surge, the director of the National Hurricane Center said Wednesday. Storm surge, the...
Fla. Senate Makes Recommendations on Property Insurance Accountability
Mar 14 2008 // The Florida Senate Select Committee on Property Insurance Accountability wants to restrict reinsurance costs in rates and strengthen the excess profits law among other things. Co-chaired by Sen. Jeff Atwater, R- North Palm...
Conflicts Arising in Federal Rulings in Louisiana Hurricane Cases
Mar 11 2008 // Conflicting rulings by federal judges in New Orleans and in Lake Charles, La., are having major effects on how much money homeowners can collect on damage from the 2005 hurricanes, and there is no quick end to the conflict...
AIG Expands Hurricane Service for High Net Worth Clients
Mar 11 2008 // AIG Private Client Group said it will begin offering its Hurricane Protection Unit service to some of it high net worth policyholders in New York, New Jersey and Florida. The service provides a hurricane mitigation...
Storm Losses Blamed on Coastal Growth, Not Global Warming
Mar 10 2008 // A hurricane that hit Miami in 1926 would cause up to $157 billion in damage if it were to strike today, according to a recent study. U.S. storm costs are rising because of higher populations and wealth on the coasts, not a...
For Florida Politicians, Property Insurance Just Won’t Go Away
Mar 10 2008 // Property insurance wasn’t supposed to be the big issue in the 2008 Florida Legislature. To the chagrin of many lawmakers, it just won’t go away. Legislators thought they’d largely taken care of the issue...
Report: Change in Contractors, Computer System Hindered La. Citizens
Mar 10 2008 // A Louisiana Insurance Department report shows that the state-sponsored Citizens Property Insurance Corp. had trouble handling claims for hurricanes Katrina and Rita because it was switching to new outside contractors and...
Storms’ Intensity Remains Tough to Predict, Says U.S. Hurricane Chief
Mar 6 2008 // The new head of the National Hurricane Center says the big challenge for forecasters is predicting the intensity of hurricanes. Bill Read says there’s been a lot of improvement in track models in recent years. But he...
