Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
New York, New Jersey Want Washington to Pay More Storm Costs
Nov 1 2012 // New York state on Wednesday asked the U.S. federal government to pay all the costs of cleaning up and repairing damage from massive storm Sandy that tore through the Northeast this week and crippled New York City. Governor...
Flood Insurance Still Relatively Rare in Northeast
Oct 31 2012 // Many homeowners who suffered losses because of flooding from Hurricane Sandy are likely to find themselves out of luck. Standard homeowners policies don’t cover flooding damage, and the vast majority of homeowners...
No Hurricane Deductibles for Sandy Claims in New Jersey, Maryland
Oct 31 2012 // Hurricane deductibles will not be applicable for Sandy-related claims in New Jersey, the state where the superstorm made landfall late Monday. New Jersey Department of Banking and Insurance Acting Commissioner Ken...
Hurricane Sandy Losses Should Not Affect Most Insurer Ratings or Premiums: S&P
Oct 31 2012 // Standard & Poor’s Ratings Services said it expects Hurricane Sandy to have only limited impact on the ratings on U.S. property/casualty insurers, global reinsurers, and certain catastrophe bonds. Although it...
Hurricane Deductibles Will Not Apply for Sandy-Related Claims in Conn.
Oct 31 2012 // The Connecticut insurance department issued a notice to the insurance industry Tuesday, alerting the industry that companies may not impose a hurricane deductible on Connecticut claims related to superstorm...
Canada’s Manulife Says Reinsurace Exposure to Hurricane Sandy ‘Manageable’
Oct 31 2012 // Toronto-based Manulife Financial, one of North America’s largest insurers, said its exposure to Hurricane Sandy was manageable and within its risk tolerance. The company, based in Toronto, is primarily a life...
Hurricane Sandy Silences Atlantic City’s Casinos
Oct 31 2012 // Hurricane Sandy has silenced the thousands of slot machines and high-rollers who normally crowd the black jack and roulette tables of Atlantic City, but the resort’s casino companies wager they could be back in...
Insured Losses From Hurricane Sandy $7-$15 Billion: AIR Worldwide
Oct 31 2012 // Catastrophe modeling firm AIR Worldwide estimated Tuesday evening that insured losses from Hurricane Sandy to onshore properties in the U.S. would be in the range of $7 billion to $15 billion. AIR’s insured loss...
Sandy Dominates Southern California PCI Conference
Oct 30 2012 // The subject of Hurricane Sandy dominated a conference of insurance professionals in Southern California on Tuesday – it was heavily used in speeches, a constant topic on panels and it even made its way into meeting...
Hurricane Sandy Unlikely to Trigger Payouts from Catastrophe Bonds
Oct 30 2012 // Investors who have put their money into specialist financial bonds which cover insurance companies from huge natural disasters are unlikely to be hit with big losses from monster storm Sandy even though it is one of the...
Hurricane Sandy Losses Expected to Top Irene’s
Oct 30 2012 // Hurricane Sandy appears to have easily caused more losses than last year’s Hurricane Irene, but final totals will be hard to come by for some time because of the scale of the disaster, catastrophe forecasting...
P/C Insurers Can Handle Sandy Losses; Flood Program to Bear Brunt
Oct 30 2012 // Ratings analysts at A.M. Best Co. said that it is likely that the brunt of Hurricane Sandy’s financial impact will fall on the National Flood Insurance Program (NFIP), which is responsible for almost all flood...
Stock Markets Remain Closed Tuesday; Expected to Reopen Wednesday Month End
Oct 30 2012 // Superstorm Sandy Closes Stock Exchange (AP Photo/Richard Drew) Hurricane Sandy will close U.S. stock markets for a second day on Tuesday, as Wall Street turned its attention to whether markets would be able to resume...
Hurricane Sandy Delivers Severe But Short-Term Economic Blow: Economists
Oct 30 2012 // Hurricane Sandy is shaping up to be one of the biggest storms ever to hit the United States but even with the severe damage that is expected, the blow to the economy is seen as short-term. Economists say some of the impact...
Hurricane Sandy Expected Ashore Monday Night; Could Be Biggest to Hit U.S. Mainland
Oct 29 2012 // • Hurricane expected ashore Monday evening in New Jersey • Could be biggest to hit U.S. mainland • New York, Philadelphia and Washington in its path • New York Stock Exchange closed Monday and Tuesday • Early...
Texas Lawmaker: Windpool’s Ike Litigation Costs Still Rising
Oct 29 2012 // Texas’ insurer of last resort for coastal property has paid out more than $1.2 billion in individual litigation costs related to Hurricane Ike, which struck in 2008, one state lawmaker says. Information released by...
European Insurance Stocks Hit by Hurricane Sandy Fears
Oct 29 2012 // European shares fell for the first time in four sessions on Monday, with insurance stocks hit by concern about their exposure to the U.S. hurricane, while a backdrop of weak company results also weighed. Traders added that...
Update: Sandy Strengthens; Thousands Evacuate; Wall Street Closes
Oct 29 2012 // Hurricane Sandy, the monster storm bearing down on the U.S. East Coast, strengthened on Monday after hundreds of thousands moved to higher ground, public transport shut down and the U.S. stock market suffered its first...
Sandy May Cause Mid-Single Digit Billions in Insured Losses: Validus CEO
Oct 29 2012 // With Hurricane Sandy expected to make landfall Monday night or early Tuesday, likely in New Jersey, one insurance executive is forecasting industrywide insured losses of up to mid-single digit billions of dollars. But this...
Hurricane Sandy Doesn’t Worry Safety-Conscious ‘Preppers’ Homeowners
Oct 28 2012 // Hurricane Sandy is charging up the East Coast as a cold front is tearing across the U.S. from the west and an arctic blast is barreling down from the north. The resulting “Frankenstorm” could cause gale-force...
