Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Economist: Hurricane Harvey’s Impact Will Guide Future Development in Houston
Dec 11 2017 // A Houston business group said on Dec. 8 that Hurricane Harvey’s biggest long-term impact on the nation’s fourth-largest city likely will be on where and how new homes and structures are built. The results of...
AIR Worldwide Updates Hurricane Maria Loss Estimate
Dec 7 2017 // Catastrophe modeling firm AIR Worldwide has updated its loss estimates for Hurricane Maria, reporting that insured losses in the Caribbean will be between $27 billion and $48 billion. Losses from Maria in Puerto Rico alone...
Florida Approves 6.6% Statewide Homeowners Rate Increase for Citizens
Dec 7 2017 // The Florida Office of Insurance Regulation (OIR) has approved statewide rate increases on 2018 personal and commercial property insurance rates for Citizens Property Insurance Corp. OIR approved a statewide increase of 6.6...
U.S. Flood Program to Collect $1 Billion in Reinsurance for Hurricane Harvey Claims
Dec 6 2017 // The Federal Emergency Management Agency (FEMA) is seeking to recover the full $1.042 billion of its reinsurance coverage to help pay the federal flood insurance program’s losses from Hurricane Harvey. Those paid...
Nearly 894,000 Texans Apply for FEMA Harvey Aid
Dec 4 2017 // Nearly 894,000 people in Texas met this week’s deadline to register for federal disaster assistance to help them recover from Hurricane Harvey, with more than $1.4 billion in funding approved so far, the Federal...
Some in Congress Question Trump Flood Insurance, Disaster Aid Reforms
Dec 4 2017 // The Trump administration’s proposed $12 billion initiative to reduce future flood damage met with skepticism in Congress, as lawmakers warned against diverting emergency funding away from hurricane...
Florida’s Hurricane Irma Recovery: The Cost, The Challenges, The Lessons
Nov 30 2017 // The hurricane season is officially over, but it didn’t go by without leaving a major mark on Florida and its insurance industry. Hurricane Irma, a name most in the state won’t soon forget, first hit the Florida...
Lloyd’s Pays Claims of $1.7B for Hurricanes Harvey, Irma & Maria – So Far
Nov 29 2017 // The Lloyd’s market has paid claims worth US$1.7 billion, to date, in response to Hurricanes Harvey, Irma and Maria. Earlier this year Lloyd’s estimated a total commitment of US$4.8 billion for the three...
Hurricane Season Is Coming to a Close… Maybe
Nov 29 2017 // In 166 years, only 17 tropical storms and six hurricanes have formed in the Atlantic after the official Nov. 30 close of the season, according to the U.S. Hurricane Research Division in Miami. Could it happen...
Hurricane Matthew Victims in 2 North Carolina Counties Now Eligible for Grants
Nov 29 2017 // Residents of two of the North Carolina counties hardest hit by Hurricane Matthew can now schedule an appointment to apply for reimbursement of their losses. The Fayetteville Observer reports state Department of Emergency...
Day Laborers Being Exploited in Texas after Harvey, Advocates Say
Nov 28 2017 // Guillermo Miranda Vazquez starts his day in a parking lot near the Home Depot where he easily finds work alongside other day laborers who are cleaning up Houston after Hurricane Harvey. Some days, he clears rotted drywall...
2017 Hurricane Season Ranks as Costliest Ever for U.S.
Nov 28 2017 // This year’s U.S. Atlantic hurricane season is officially the most expensive ever, racking up $202.6 billion in damages since the formal start on June 1. The costs tallied by disaster modelers Chuck Watson and Mark...
Houston Arts Groups Working to Recover from Hurricane Harvey
Nov 27 2017 // Houston Ballet artistic director Stanton Welch looked flushed as he stood at the edge of the Hobby Center’s Sarofim Hall stage during a break in the company’s annual Jubilee of Dance performance. The Houston...
Experts See Expanding Role for Parametric Insurance, Including for U.S. Disasters
Nov 22 2017 // Catastrophic losses this year due to extreme weather events have led to a growing interest in parametric insurance in the U.S., according to industry experts. Parametric coverage is also gaining traction as hazard modeling...
Florida Nursing Home to Congress: Patient Deaths After Hurricane Irma Not Staff’s Fault
Nov 22 2017 // A Florida nursing home under investigation for the deaths of 13 patients after Hurricane Irma says in a letter to Congress that staff members did everything possible but couldn’t overcome a lack of power to the...
Texas Governor Calls White House Disaster Aid Bill ‘Inadequate’
Nov 20 2017 // Republican Texas Gov. Greg Abbott on Nov. 17 criticized as “completely inadequate” the Trump administration’s $44 billion request to Congress for disaster relief in his hurricane-ravaged state and other...
Reinsurance Sector’s Share of Hurricane, Quake Losses Is $20B-$25B: A.M. Best
Nov 20 2017 // Cumulative net catastrophe losses for reinsurance companies from Hurricanes Harvey, Irma and Maria, along with the Mexico earthquakes, are between $20 billion-$25 billion out of an overall industry loss of $90 billion,...
Recent Hurricanes Highlight the Need for Digital Transformation in Insurance
Nov 20 2017 // The claims for Hurricane Irma are starting to pour in and they’ll be big, $25 billion to $35 billion, forecaster AIR Worldwide says. The scenes of flooding, displaced people, wrecked homes and disrupted communities...
The Senior Care Market Still Going Strong
Nov 20 2017 // The aging U.S. population will create unprecedented demand for the senior living industry for decades to come and that opens the door for agents and brokers to grow their business in this sector. But understanding the...
A Storm of Claims Likely Following 2017 Hurricane Season
Nov 20 2017 // The aftermath of this year’s hurricanes includes massive reconstruction across the impacted areas, which in turn creates an increased possibility for construction defect claims that would affect the liability...
