Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Quiet 2013 Hurricane Season a ‘Head Scratcher’ for Embarrassed Forecasters
Sep 9 2013 // The 2013 Atlantic hurricane season, which forecasters had predicted would be more active than normal, has turned out to be something of a dud so far as an unusual calm hangs over the tropics. As the season heads into the...
Reinsurance Terms and Conditions, More Than Price, Could Be Focus in 2014
Sep 6 2013 // Reinsurers may fail to increase rates they charge primary carriers for their backstop coverage when they begin price talks for 2014 in Monte Carlo this week. “I expect the market staying flat to ticking down, on the...
Tropical Storm Gabrielle Drenches Puerto Rico
Sep 5 2013 // Tropical Storm Gabrielle isn’t expected to gain much strength as it churns in the Caribbean Sea on a path between Puerto Rico and the Dominican Republic, the U.S. National Hurricane Center said. Gabrielle was about...
Capital Oversupply Could Pressure Reinsurers to Lower Rates
Sep 4 2013 // Munich Re and Swiss Re Ltd. are among reinsurers likely to face further pressure to lower the rates they charge clients as the capital available for backing policies remains near a record high, brokers said. “With...
Gulf, Atlantic Coasts Appear Safe from 3 Tropical Storms
Sep 3 2013 // Three potential tropical systems stretch across the Atlantic from Mexico’s Yucatan Peninsula to Africa’s west coast, though none is expected to become a major threat this week, forecasters said. The westernmost...
8 Years After Katrina, New Orleans on the Rebound
Aug 30 2013 // Eight years after Hurricane Katrina, the Ferris wheel at the former Six Flags amusement park in New Orleans sits idle. “Closed for Storm” signs are still posted and the abandoned, weed-choked site remains a...
Mississippi Remembers Katrina Tragedy, Recovery
Aug 30 2013 // Residents of coastal Mississippi are holding events in remembrance of Hurricane Katrina, the massive storm that struck on Aug. 29, 2005. The observances began Thursday on the Biloxi Town Green on U.S. Highway 90 followed...
No Insurer Assessments for TWIA, for Now
Aug 29 2013 // Despite pleas from officials and policyholders in Texas Gulf Coast communities, the board of the state’s insurer of last resort for wind along the coast has decided not to assess its member insurance companies for...
Regulators Alert Financial Firms to Disaster Risk
Aug 28 2013 // The Securities and Exchange Commission has issued a risk alert on business continuity and disaster recovery planning for investment advisers. The SEC risk alert from its Office of Compliance Inspections and Examinations...
Insurance Industry Plans 8th Annual Tour of Texas Coast
Aug 23 2013 // For the eighth year in a row insurance spokesmen will team with the Texas Department of Insurance and meteorologists from the National Weather Service to advise Texas coastal residents of the potential dangers of...
Floridians ‘in Denial’ About Storm Dangers: FEMA Chief Fugate
Aug 23 2013 // The emergency management chief for the United States is warning that Floridians are in “denial” about the threat posed by hurricanes. Craig Fugate is the administrator for the Federal Emergency Management...
IBHS Updates Report on Hurricane-Prone States’ Building Codes
Aug 22 2013 // Among coastal hurricane-prone states, North Carolina and Louisiana have weakened their building codes since 2012, while five states have strengthened theirs. Just in time for the height of the hurricane season, the...
FM Global Advises Property Owners to Be Proactive, Address Vulnerabilities
Aug 22 2013 // Business property insurer FM Global is urging property owners to take active measures now to help prevent potential storm losses as the peak of hurricane season approaches. “A big lesson from Hurricane Sandy is that...
Hurricane Task Force Recommends Resilient Power for Wireless
Aug 20 2013 // U.S. wireless communications networks should be made more resilient in extreme weather emergencies, according to a government task force studying the effects of Hurricane Sandy. The Hurricane Sandy Rebuilding Task Force...
Hurricane Sandy Rebuilding Task Force Addresses Insurance Challenges
Aug 20 2013 // The Hurricane Sandy Rebuilding Task Force, led by the U.S. Department of Housing and Urban Development, issued a report Monday that provides recommendations for mitigating harm from future storms. Recommendations include...
Cat Bonds Rally with Hurricane Season Advancing: Credit Market Recap
Aug 20 2013 // Gains on catastrophe bonds are poised to exceed returns on speculative-grade company debt by the most since 2008 as the Atlantic hurricane season heads into its fourth month. Notes designed to protect insurers from payouts...
CCRIF Countries Renew Catastrophe Insurance Policies for 2013/14
Aug 20 2013 // The sixteen member governments of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) have renewed their hurricane and earthquake insurance for the 2013/14 policy year that started June first. The bulletin noted:...
NHC Tracking TS Erin; Weather Front over Yucatan
Aug 16 2013 // The National Hurricane Center in Miami is currently tracking Tropical Storm Erin – the fifth named storm of the season – as well as a weather front, currently over Mexico’s Yucatan Peninsula, which has a 60...
Atlantic Hurricane Season to Enter Most Active Phase Next Week
Aug 14 2013 // The Atlantic hurricane season is about to enter its most active phase as conditions for the powerful storms improve across the basin. Wind shear that can tear budding storms apart has been decreasing, said Dan Kottlowski,...
NOAA Updates Hurricane Forecast
Aug 9 2013 // The National Oceanic and Atmospheric Administration (NOAA) on Thursday slightly lowered its forecast for the 2013 Atlantic hurricane season but said it still expected “above normal” storm activity this...
