Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
28 Streamflow Records Broken in Carolinas by Hurricane Florence Floods
Nov 19 2018 // A federal report shows Hurricane Florence broke records in a key flooding measure at more than two-dozen stream gauges in the Carolinas. The U.S. Geological Survey released a report Nov. 13 on streamflow, which measures...
Insurance Industry Kept Promises to Hurricane Victims; Now Tested by Wildfires
Nov 16 2018 // Between the devastating wildfires in California and the destructive forces of Hurricanes Florence and Michael on the East Coast earlier this fall, the property/casualty insurance market has been put to the test this...
AXIS Capital Estimates 4Q Losses from Hurricane Michael
Nov 9 2018 // AXIS Capital Holdings Ltd. announced a preliminary pre-tax loss estimate for Hurricane Michael in the range of $100 million to $120 million, which will affect its fourth quarter financial results. The loss estimate figure...
Tallying Losses from October’s Global Catastrophes
Nov 8 2018 // October was a deadly and costly month due to natural catastrophes, with the the U.S. and Europe being hit particularly hard, according to Aon’s Impact Forecasting. Total U.S. economic losses from October’s...
New Alabama State Park Buildings Utilize IBHS Commercial Resiliency Standards
Nov 8 2018 // The Alabama Department of Conservation and Natural Resources has utilized construction standards from the Insurance Institute for Business & Home Safety’s (IBHS) FORTIFIED Commercial in the creation of new...
4 Alabama Counties Declared Federal Disaster from Hurricane Michael
Nov 7 2018 // Four south Alabama counties have been declared a disaster area because of damage from Hurricane Michael last month. The governor’s office says President Donald Trump has issued a disaster declaration that includes...
Georgia Insured Losses from Hurricane Michael Near $700M
Nov 6 2018 // Georgia’s insured losses from Hurricane Michael have climbed to more than $696 million, with insurers reporting approximately 68,000 claims filed as of the end of October, according to a press release from Insurance...
Critics Say Bond Rating Agencies Ignore Municipalities’ Climate Risk
Nov 5 2018 // Last fall, after a trio of deadly hurricanes, ratings companies warned vulnerable coastal cities to get ready for climate change — or face higher borrowing costs on the $3.9 trillion municipal bond market. Climate...
Georgia Estimates $250M in Insured Losses from Hurricane Michael
Nov 5 2018 // The Georgia Department of Insurance has estimated insured property losses from Hurricane Michael will reach $250 million, according to a statement by Georgia Insurance Commissioner Ralph Hudgens. In figures released Oct....
Regulators, Industry Seek to Keep Florida AOB Abuse in Check After Michael
Nov 5 2018 // In an effort to keep the Florida assignment of benefits (AOB) crisis from further worsening in the state, Florida’s insurance industry, regulators and consumer advocates are on high alert for AOB activity in the wake...
Hurricane Florence Damage in North Carolina Reaches $17B
Nov 2 2018 // Hurricane Florence in North Carolina is now estimated to have caused $17 billion in damage, according to a statement from Governor Roy Cooper’s office. An Oct. 31 updated damage estimate from the North Carolina...
Georgia Farmers Face Long Recovery From Hurricane Michael Crop Losses
Nov 2 2018 // Hurricane Michael left a snowy landscape of ruined white cotton on Georgia’s red clay, destroying a crop and likely bringing hard times to the region’s many small communities built on agriculture. When the...
Florida Insured Losses from Hurricane Michael Top $2B, And Growing
Nov 1 2018 // Total estimated insured losses from Hurricane Michael have reached more than $2.1 billion, according to the most recent data from the Florida Office of Insurance Regulation. The current number of claims from Hurricane...
Weather, Wildfire Claims an Increasing Share of Home Insurance Losses
Oct 31 2018 // U.S homeowners insurers saw an increase in both the number of losses and the percentage of those losses that resulted from an extreme weather event during 2017. According to a LexisNexis Home Trends report, loss costs...
Hurricane Michael Death Toll Now at 35 in Florida, 45 Total
Oct 30 2018 // Florida authorities have linked six more deaths to Hurricane Michael, raising the state’s death toll to 35. The storm’s overall death toll now stands at 45, with 10 deaths in other states. Florida Emergency...
Damage to Florida Crops from Hurricane Michael to Total $158M
Oct 29 2018 // A new study says Florida crops suffered $158 million in damages from Hurricane Michael. The report released Friday by the University of Florida Institute of Food and Agricultural Sciences says that almost all of the...
Army Corps, Texas Officials Propose Sweeping Hurricane Protection Plan
Oct 26 2018 // Following years of research, studies and public debate, the U.S. Army Corps of Engineers — in partnership with the state’s General Land Office — has recommended a multi-billion-dollar project that would protect...
Mexico Begins Digging Out from Destruction of Hurricane Willa
Oct 25 2018 // Residents on Mexico’s Pacific Coast on Wednesday began clearing up the wreckage left by Hurricane Willa, which ripped through towns overnight, tearing off rooftops, downing power lines and splitting trees...
Mexican Insurers Will Absorb Losses from Hurricane Willa: A.M. Best
Oct 25 2018 // Mexico’s insurance industry overall remains well-capitalized and can absorb the financial impact generated from Hurricane Willa, according to an A.M. Best briefing. Hurricane Willa made landfall on Oct. 23 on...
Insurers Under Scrutiny in Puerto Rico with 13,600 Hurricane Maria Claims Still Open
Oct 25 2018 // Thousands of Puerto Ricans have been forced to drain their savings, close their businesses, or resign themselves to living with structural damage as they fight insurance companies over millions of dollars’ worth of...
