Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Impact of Recent Natural Catastrophes on Insurance Market
Nov 20 2017 // Brokers and insureds are wondering what impact the devastation left by Hurricanes Harvey, Irma, Maria and Nate will have on property insurance rates, capacity and coverage terms. Short term, there will likely be an...
Hurricane Harvey Caused More than $200M in Crop, Livestock Losses in Texas
Nov 20 2017 // Hurricane Harvey caused more than $200 million in crop and livestock losses, according to Texas A&M AgriLife Extension Service. Hurricane losses by agricultural commodity include: livestock – $93 million; cotton...
More than 63K Recreational Boats Destroyed by Hurricanes Harvey and Irma
Nov 20 2017 // More than 63,000 recreational boats were damaged or destroyed by Hurricanes Harvey and Irma, resulting in a damage estimate of $655 million, according to a national association dedicated to recreational boaters. Boat...
Impact of Natural Catastrophes on Insurance Market
Nov 20 2017 // Brokers and insureds are wondering what impact the devastation left by Hurricanes Harvey, Irma, Maria and Nate will have on property insurance rates, capacity and coverage terms. Short term, there will likely be an...
Impact of Recent Natural Catastrophes on Insurance Market
Nov 20 2017 // Brokers and insureds are wondering what impact the devastation left by Hurricanes Harvey, Irma, Maria and Nate will have on property insurance rates, capacity and coverage terms. Short term, there will likely be an...
Paid ‘Climate Leave’ May Be Next Employee Benefit
Nov 17 2017 // Even the workplace has to adapt to the warming world. As climate change creates more intense storms, companies have started preparing for work disruptions due to extreme weather. In a sign of the times, Fog Creek, a...
Hedge Funds Invest in Reinsurance Stocks on Expected Rate Hikes in 2018
Nov 16 2017 // Hedge funds bought reinsurance stocks in the third quarter after prices tumbled on widespread losses after multiple hurricanes in North America, filings showed on Wednesday. Hurricanes in the United States and the...
Texas Division of Workers’ Comp: Employees Stepped Up to Help After Hurricane
Nov 15 2017 // When Hurricane Harvey devastated the Houston area two months ago, Texas Department of Insurance, Division of Workers’ Compensation employees around the state responded rapidly. DWC increased staffing on the customer...
Growing Climate Risks May Be ‘Impossible to Model’ – and Ultimately Uninsurable
Nov 13 2017 // After one of the worst Atlantic hurricane seasons in history, the world’s biggest insurers say the industry needs to get its act together if it wants to survive climate change. Insuring against weather natural...
Resilience Economics Bringing Climate Products to New Sectors
Nov 9 2017 // Resilience Economics Ltd. seems poised to capitalize on climate change. Cedent Ltd. this month launched the corporate finance advisory firm focused on climate risk with an initial $500 million of capacity from strategic...
Boats Took $655 Million Beating This Hurricane Season: BoatUS
Nov 9 2017 // More than 63,000 recreational boats were damaged or destroyed as a result of Hurricane Harvey and Hurricane Irma, with a combined dollar damage estimate of $655 million, according to the Boat Owners Association of the...
Munich Re Reports Q3 Loss of $1.6B; Tallies Industry Hurricane Losses at $100B
Nov 9 2017 // Insured losses from three big hurricanes in North America this year have cost the industry around $100 billion, German reinsurance giant Munich Re said on Thursday. Damages from storms Harvey, Irma and Maria of that...
Hurricane Harvey Caused More than $200M in Crop, Livestock Losses in Texas
Nov 8 2017 // Hurricane Harvey caused more than $200 million in crop and livestock losses, according to Texas A&M AgriLife Extension Service. Hurricane losses by agricultural commodity include: livestock – $93 million; cotton...
Puerto Rico Bond Insurers’ Stocks Fall After ’60 Minutes’ Episode on Hurricane Maria
Nov 7 2017 // Shares of three major bond insurance firms with exposure to Puerto Rico fell on Monday after a “60 Minutes” episode aired on Sunday highlighted the extensive damage wreaked on the island by Hurricane...
Berkshire Insurance Units Take Q3 Hit from U.S. Hurricanes, Mexico Earthquake
Nov 6 2017 // Bad weather hurt Warren Buffett’s Berkshire Hathaway Inc. in the third quarter, as insurance losses tied to Hurricanes Harvey, Irma and Maria and an earthquake in Mexico contributed to a 43 percent drop in...
Does a CPP Cover Trees Knocked Over by a Hurricane?
Nov 6 2017 // When a hurricane blows through, it isn’t just the trees on a homeowner’s property that could be damaged. There could be trees on a business’ property that are damaged as well. Does the commercial property...
How Warming Seas Could Cost South Carolina $12 Billion
Nov 6 2017 // If oceans warm at a rate predicted by the Intergovernmental Panel on Climate Change, the United Nation-sponsored group that assesses climate change research and issues periodic reports, expected financial losses caused by...
Insured Losses from Hurricane Nate Could Top $1B
Nov 6 2017 // Catastrophe modeling companies have estimated insured losses from Hurricane Nate will reach $500 million and could even top $1 billion. Hurricane Nate formed as a tropical depression on Oct. 4, 2017, and was upgraded to a...
Georgia Estimates $550M in Insured Losses from Hurricane Irma
Nov 6 2017 // Georgia’s estimated insured losses from Hurricane Irma have climbed to more than $550 million, with insurers reporting approximately 103,163 claims filed as of October, according to Georgia Insurance Commissioner...
Commissioner Denies Texas Windstorm Insurance Association Request to Raise Liability Limits
Nov 6 2017 // Texas Insurance Commissioner Kent Sullivan in mid-October declined to approve a request by the Texas Windstorm Insurance Association to raise the maximum limits of liability on windstorm and hail policies. TWIA filed a...
