Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Zero Consumer Complaints From Hurricane Humberto Claims
Jan 13 2008 // No consumer complaints have been received by the Texas Department of Insurance (TDI) in response to the insurance industry’s handling of the estimated 5,000 auto, homeowner and commercial claims that resulted from...
New Tools Can Help Underwrite, Price Winter Storm and Fire Risk
Jan 13 2008 // While winter storms do not attract the attention of mega-catastrophes such as hurricanes and earthquakes, these smaller events can add up to impact insurers’ bottom lines. However, insurers can now avail themselves...
Assessing Catastrophe Risk While Underwriting Doesn’t Require Big Changes
Jan 13 2008 // A little data can go a long way to improve risk selection in catastrophe prone areas For companies writing homeowners insurance in catastrophe prone states, the future of catastrophe risk assessment is now. Today, insurers...
State Farm Wants Proof of Occupancy for Hurricane-hit Homes in La.
Jan 9 2008 // State Farm is warning that it will cancel homeowner policies for about 6,000 of its customers in south Louisiana if they aren’t able to demonstrate that their storm-damaged homes are occupied and are being...
Texas Recieved No Complaints from 2007 Hurricane Claims
Jan 8 2008 // No complaints have been received by the Texas Department of Insurance (TDI) on how the insurance industry handled any of the estimated 5,000 auto, homeowner and commercial claims that resulted from Hurricane Humberto, the...
Statistics Based on Atlantic Hurricane Activity Can Overestimate Risk
Jan 7 2008 // New research on the link between the formation of hurricanes in the Atlantic basin and U.S. landfall activity suggests that using Atlantic basin hurricane activity as a proxy for landfall activity can lead to erroneous...
Top Insurance Stories in 2007 in Southeast
Dec 31 2007 // High heat, changing winds put reputations on the line. 1. Florida’s gamble “It’s all about rates,” maintained Sam Miller, of the industry’s Florida Insurance Council. Florida lawmakers in...
Top Insurance Stories in 2007 in South Central
Dec 31 2007 // Weather, directly or indirectly, was a driving force in the insurance markets for the South Central states of Arkansas, Louisiana, Oklahoma and Texas in 2007. With the exception of Arkansas, throughout the year the South...
Top Insurance Stories in 2007
Dec 31 2007 // The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of...
Top Insurance Stories in 2007 in East
Dec 31 2007 // New leaders tackled old issues and the region battled fire and rain. 1. No day at the beach Insurance markets for coastal properties continued to challenge insurers, agents, policymakers and property owners, despite an...
Munich Re 2007 Nat Cat Report Warns of ‘Rising Trend’
Dec 28 2007 // Munich Re’s loss figures for 2007 from natural catastrophes concludes that “despite the general absence of extreme events, overall economic losses had reached $75 billion by the end of December – an...
New Tools Can Help Underwrite, Price Winter Storm and Fire Risk
Dec 28 2007 // While winter storms do not attract the attention of mega-catastrophes such as hurricanes and earthquakes, these smaller events can add up to impact insurers’ bottom lines. However, insurers can now avail themselves...
P/C Insurers’ Net Income, Surplus Rose But Profitability Dropped
Dec 27 2007 // The U.S. property/casualty insurance industry’s net income after taxes rose 7.1 percent to $49.4 billion through nine-months 2007 from $46.1 billion through nine-months 2006. Fueled by the industry’s net...
Figures
Dec 23 2007 // $247 Billion U.S. tort costs totaled $247 billion in 2006, which is $57 less per person than in 2005 at approximately $825 per person, according to an update on U.S. Tort Cost Trends from the Tillinghast insurance...
No Day at the Beach
Dec 23 2007 // Insurance markets for coastal properties continued to challenge insurers, agents, policymakers and property owners, despite an inactive hurricane season. For the most part, while policymakers debated, private markets went...
Weather blows through top stories of 2007
Dec 23 2007 // Weather, directly or indirectly, was a driving force in the insurance markets for the South Central states of Arkansas, Louisiana, Oklahoma and Texas in 2007. With the exception of Arkansas, throughout the year the South...
2007: Climate Change Dominates Debate While Soft Market Hits Entire P/C Market
Dec 23 2007 // The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of...
Va. Completes Installation of Hurricane Gates on Highways
Dec 18 2007 // The last of the 440 hurricane evacuation gates between Norfolk and Richmond, Va. have been installed. The Virginia Department of Transportation says the last 298 gates of the $8.7 million project finished a week early and...
Engineer Says Providence, R.I. Hurricane Barrier Needs Repairs
Dec 14 2007 // A hurricane barrier protecting downtown Providence, R.I. from floods caused by major storms needs about $20,000 in repair work. City Engineer William Bombard says a gear broke several months ago, so one of the massive...
Hurricane Forecaster Changes Formula, Predicts Active 2008 Season
Dec 10 2007 // Using a simplified forecasting technique, researcher William Gray is predicting an above-average hurricane season in the Atlantic next year, with seven hurricanes, three of them major. Gray’s team at Colorado State...
