Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Insurers Eye Rate Increases as Hurricane Season Approaches
May 26 2011 // Property and casualty insurers craving respite from a long-running drop in prices are eyeing the start of the U.S. hurricane season next week in the hope that summer windstorms will finally turn the market. The June 1 to...
Virginians Getting Hurricane-Prep Tax Break
May 26 2011 // Virginians who want to stock up on batteries, bottled water and other supplies for the hurricane season get a tax break this week. The seven-day tax break — which began yesterday — will spare buyers from state and...
Florida Undertakes Hurricane Readiness Exercises
May 25 2011 // Florida began its sometimes annual hurricane exercise Monday after skipping the practice storm last year because officials were busy with a real emergency — the Gulf of Mexico oil spill. The hurricane taking aim at...
P/C Insurers Facing Record Losses from Weather
May 24 2011 // Devastating tornadoes, floods, earthquakes overseas and a busier-than-usual hurricane season have U.S. insurance companies bracing for record losses in 2011. Insurers could suffer as much as $10 billion from...
Florida Wants More Private Firms Involved in Emergency Planning
May 23 2011 // Florida’s new emergency management chief said he wants the private sector to be more involved in the state’s disaster preparedness efforts so that local economies can recover quickly after...
How La Nina Might Affect Storm Season
May 20 2011 // One major factor in whether the Atlantic Ocean will experience an active 2011 hurricane season is fluctuating thousands of miles away in the Pacific. The La Nina weather phenomenon, which is linked to above average...
Disaster Plan Should Include Social Media, Says Hurricane Center
May 20 2011 // Nobody is going to push the “like” button for a hurricane, but the National Hurricane Center hopes to get some Facebook fans for its storm advisories. The hurricane center joined the online social network in...
NOAA Forecasts ‘Above Normal’ Atlantic Hurricane Season
May 20 2011 // The 2011 Atlantic hurricane season will be “above normal”, spawning six to 10 hurricanes of which around half could become major, the U.S. government’s weather agency forecast Thursday. However, as the...
Florida Hurricane Fund Gets More Time on Claims
May 19 2011 // The Florida Hurricane Catastrophe Fund has been given more time to respond to an influx of claims from 2005 storms. A state panel chaired by Gov. Rick Scott approved an emergency rule waiving a 60-day deadline for acting...
Florida Gov. Scott Signs Property Insurance Cost Control Bill
May 17 2011 // Florida Gov. Rick Scott has signed into law legislation that promises to lower costs for the state’s property insurers, including what they pay on sinkhole claims. While the memory of former Governor Charles...
P/C Insurers Take Hit in Q1 as Hurricane Season Approaches
May 16 2011 // The U.S. property/casualty (P/C) industry took a beating from record first quarter 2011 catastrophe losses, and recent earnings announcements from global reinsurers illustrate the damage those losses did to earnings and...
Report: Hurricanes Pose Risk to 1.8M Coastal Homes
May 16 2011 // More than 1.8 million homes along the Gulf and Atlantic coasts are at great risk of being damaged by a hurricane, three times the number located in federally defined flood zones, according to a recently released...
Report: Hurricanes Pose Risk to 1.8M Costal Homes
May 16 2011 // More than 1.8 million homes along the Gulf and Atlantic coasts are at great risk of being damaged by a hurricane, three times the number located in federally defined flood zones, according to a report released Tuesday. The...
Storms That Shatter Lives Hold Lessons for Insurers
May 16 2011 // It used to be the low-frequency, high-severity events that kept U.S. property insurance producers, carriers, and reinsurers up at night. These big Cats have become part of our collective history – Hurricanes Andrew,...
Business Losses Due to ‘Action’ by Civil Authorities: When Is There Coverage?
May 16 2011 // Virtually all insurance policies contain provisions and exclusions dealing with events that most insureds consider so remote and unlikely that they rarely give any thought to their possible occurrence, much less what...
Declarations
May 16 2011 // Rebuilt for Beach Season “It’s unbelievable what the state has done… All things considered, the timing was OK for both of us.” —Bob Mitchell, owner of Mrs. Mitchell’s Gift Shop in Hampton...
Business Losses Due to Civil Authority Action: When Is There Coverage?
May 12 2011 // Virtually all insurance policies contain provisions and exclusions dealing with events that most insureds consider so remote and unlikely that they rarely give any thought to their possible occurrence, much less what...
P/C Insurers Cautious About Adopting New RMS Hurricane Model
May 10 2011 // Property/casualty insurers appear to be in no rush to adopt a controversial revised catastrophe model that dramatically raises certain estimates of potential hurricane losses in the country. California-based modeling firm...
Business Losses Due to ‘Action’ by Civil Authorities: When Is There Coverage?
May 2 2011 // Virtually all insurance policies contain provisions and exclusions dealing with events that most insureds consider so remote and unlikely that they rarely give any thought to their possible occurrence, much less what...
Declarations
May 2 2011 // Preparation a Must “Just because the economy’s horrible doesn’t mean hurricanes stop.” —Federal Emergency Management Agency Director Craig Fugate, stressing how important it is for newly elected...
