Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Fla. OKs 2 Percent Insurance Surcharge Due to 2004-05 Storms
Nov 1 2007 // Floridians with homeowner, commercial and liability insurance polices will pay a third 2 percent surcharge to help cover claims against four insurers that went belly up after a series of hurricanes in 2004 and...
Noel Leaves over 60 Dead; Bahamas, Florida Coast Warnings
Nov 1 2007 // It may not have reached hurricane strength, but tropical storm Noel has piled up a lengthening list of death and destruction, as it heads towards the Bahamas. The slow moving storm caused the deaths of at least 40 people...
Guy Carp Partners with WSI Corp. to Assess U.S. Hurricane Risks
Oct 30 2007 // Guy Carpenter & Company, LLC, Marsh & McLennan’s global risk and reinsurance unit, has announced a collaboration with WSI Corporation, a provider of weather-driven business solutions, to “help cedants...
Editor’s Note: No coasting
Oct 27 2007 // While Congress continues to debate whether to launch any sort of national disaster backup plan or add wind coverage to the federal flood program, states are coming up with some of their own ideas — big and small...
S.C. chief urges hurricane damage formula – before storms hit
Oct 27 2007 // News Currents South Carolina Insurance Director Scott Richardson is proposing a loss-allocation method that he hopes will alleviate any confusion between water damage and wind damage the next time a hurricane reduces...
Figures
Oct 27 2007 // 72 By mid-October, Oklahoma had seen 72 fewer traffic deaths so far in 2007 than it did during the same period in 2006. The Oklahoma Department of Public Safety reported 517 deaths on the state’s roadways this year,...
News Currents
Oct 27 2007 // Despite hurricane, coastal insurance ‘road show’ goes on Agents help spread the message about necessary coverages Tropical storms and hurricanes tend to put a hitch in the most well crafted plans. Such was the...
Off-year election 2007 could provide glimpse into 2008
Oct 27 2007 // This fall is an off-year election season with only a handful of federal races and most state houses gearing up for contests in 2008. However there are some races — a hotly-debated referendum in Washington and key...
Slow, Plodding Hurricane Recovery Problems Await New La. Gov.
Oct 24 2007 // Newly elected Gov. Bobby Jindal will face a slew of hurricane recovery problems that plagued his predecessor, but Jindal isn’t charting a complete shake-up of Louisiana’s recovery efforts. Instead, Jindal, a...
Homeowners Insurers Not Earning Cost of Capital Despite Rate Increases
Oct 24 2007 // The countrywide prospective return on equity for the homeowners line of insurance for 2007 is 7.0 percent, up from 5.4 percent in 2006, according to an analysis by Aon Re Global, a unit of Aon Corp. The year-over-year...
Council says Hurricane Humberto Caused $30M in Losses in Texas
Oct 22 2007 // Officials with the Insurance Council of Texas say Hurricane Humberto, which hit the state last month, caused about $30 million in insured losses in Texas. Humberto made landfall on Sept. 13 near High Island, a coastal town...
FEMA Expands Program to Help Hurricane Evacuees Move Home
Oct 17 2007 // The Federal Emergency Management Agency has expanded eligibility for a program to pay travel costs for Gulf Coast hurricane victims moving back home. The one-time grant, still capped at $4,000, is now open to applicants...
Feds Drawing Up Plans for Major Disasters in 4 Key States
Oct 16 2007 // The Federal Emergency Management Agency is quietly drawing up plans for a handful of disasters: devastating earthquakes beneath San Francisco and St. Louis and catastrophic storms in South Florida and Hawaii, FEMA’s...
Mass. AG Calls for 18% Cut in Home Insurance Rates Charged by FAIR Plan
Oct 12 2007 // Homeowners insurance rates for many in Massachusetts insured through the state’s secondary market insurer, the FAIR Plan, would drop 18 percent if Massachusetts Attorney General Martha Coakley gets her...
La. Governor Candidates Offer Array of Insurance Ideas
Oct 10 2007 // The four major candidates for Louisiana governor have a range of different ideas for eliminating a persistent obstacle to south Louisiana’s hurricane recovery: high homeowners insurance rates. Walter Boasso and Bobby...
Adding wind peril coverage is not the solution
Oct 8 2007 // The Flood Insurance Subcommittee of the American Academy of Actuaries has reviewed the provisions currently in H.R. 3121 that affect the financial well being of the National Flood Insurance Program (NFIP). In particular,...
Adding wind coverage to flood not the solution …
Oct 8 2007 // The Flood Insurance Subcommittee of the American Academy of Actuaries has reviewed the provisions currently in H.R. 3121 that affect the financial well being of the National Flood Insurance Program (NFIP). In particular,...
Declarations
Oct 8 2007 // They love it “Insurance companies love mediation.” — Louisiana Insurance Commissioner Jim Donelon, speaking before the state’s Senate Insurance Committee, added that mediation costs less than going...
Oct. 31 is deadline for insurer review of premium credits in La.
Oct 8 2007 // Insurance companies have until Oct. 31 to review the discounts they offer for property insurance policies in Louisiana that don’t cover wind or have high hurricane deductibles, according to a bulletin issued by the...
Adding wind peril coverage is not the solution
Oct 8 2007 // The Flood Insurance Subcommittee of the American Academy of Actuaries has reviewed the provisions currently in H.R. 3121 that affect the financial well being of the National Flood Insurance Program (NFIP). In particular,...
