Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Florida Officials Say Insurers Not Doing Enough to Settle Hurricane Michael Claims
Oct 17 2019 // It’s been just over a year since Hurricane Michael made landfall in the Florida Panhandle, devastating the region as a Category 5 storm with 161-mph winds and causing more than $7.2 billion in estimated insured...
Timber Farmers in Florida Panhandle Face Tough Choices Year After Michael
Oct 16 2019 // The sunsets are a sight to behold in Joe Leonard’s neck of the woods these days. A year ago, lush stands of towering pines obscured the horizon, he said as he drove his pickup along a dusty Florida Panhandle road....
Hurricane Dorian Ties as Strongest Landfalling Atlantic Hurricane on Record: Aon
Oct 14 2019 // Hurricane Dorian made landfalls in the Bahamas, North Carolina, and Canada in early September, bringing total economic and insured losses in the billions, according to Aon’s monthly Global Catastrophe Recap...
Florida Panhandle Facing Uphill Battle in Recovery One Year after Michael
Oct 11 2019 // A year after Hurricane Michael, the Florida county hardest hit by the Category 5 storm is still in crisis: Thousands in Bay County are homeless, medical care and housing are at a premium, domestic violence has become a...
Hurricane Michael: One Year Later, Federal Aid for Recovery Totals Nearly $2B
Oct 10 2019 // Since Hurricane Michael made landfall Oct. 10, 2018, federal assistance for recovery in the 18 affected counties is nearly $1.9 billion, including FEMA grants, National Flood Insurance Program payments and U.S. Small...
George P. Bush Tapped to Oversee $4B Texas Disaster Mitigation Plan
Oct 10 2019 // Texas Land Commissioner George P. Bush and the Texas General Land Office have been appointed to lead a comprehensive resiliency and disaster mitigation program, funded by more than $4 billion in U.S. Department of Housing...
State Finds Florida Specialty Insurance Insolvent; 90K Homeowners Lose Coverage
Oct 7 2019 // Florida personal lines insurer Florida Specialty Insurance Co. (FSIC) has been ordered into receivership and will be liquidated after state regulators determined the company is insolvent and unable to establish a viable...
Hurricane Dorian Caused More Than C$105M in Insured Damage to Atlantic Canada
Oct 7 2019 // Hurricane Dorian hit Atlantic Canada on Sept. 7 causing more than C$105 million (US$78.9 million) in insured damage, said Insurance Bureau of Canada, quoting the Catastrophe Indices and Quantification Inc. (CatIQ).* The...
Catastrophe Modelers: U.S. Insured Losses from Dorian Could Reach $1.5B in U.S.
Oct 7 2019 // Insured loss estimates for Hurricane Dorian will range from $500 million to $1.5 billion, according to catastrophe modeling firms Karen Clark & Co. and RMS. According to KCC, Dorian reached peak intensity of 185 mph...
Hurricane Lorenzo Lashes Azores, Causing Minor Damage, with Ireland as Next Stop
Oct 3 2019 // Hurricane Lorenzo powered across the Atlantic Ocean on Wednesday, lashing the Azores Islands with heavy rains, powerful winds and high waves but causing only minor damage, according to authorities. The Azores Civil...
Investors Betting Against U.S. Mortgage Market Are Banking on Mispriced Flood Risk
Oct 3 2019 // David Burt helped two of the protagonists of Michael Lewis’ book The Big Short bet against the U.S. mortgage market in the run-up to the 2008 financial crisis. Now he’s betting against the market again, but...
Update: Hurricane Lorenzo Loses Power but Swells in Size as It Heads Toward Ireland
Oct 2 2019 // Hurricane Lorenzo, the largest storm ever to roam the Eastern Atlantic, is forecast to strike the heart of Ireland’s west coast within days carrying tropical-strength winds, driving rain and a huge storm surge. Once...
11 South Carolina Counties to Receive Federal Aid for Hurricane Dorian Damage
Oct 2 2019 // President Donald Trump has issued a declaration approving specific federal assistance for South Carolina areas affected by early September’s Hurricane Dorian. The White House on Monday ordered that federal aid be...
Parametric Catastrophe Facility CCRIF Pays US$12.8M to Bahamas for Dorian Damages
Sep 27 2019 // CCRIF has made two payouts to the government of The Bahamas totaling US$12.8 million in the aftermath of Hurricane Dorian, which caused widespread destruction in the northern part of the archipelago. The Bahamas has three...
U.S. Private Flood Insurance: The Journey to Build a New Market
Sep 27 2019 // Not long ago, private flood insurance was thought to be an impossible dream in the property/casualty sector. There were numerous arguments supporting the common wisdom that a meaningful market for residential flood...
Florida City Faces $200M in Repairs to Sewage, Water Line After Hurricane Michael
Sep 27 2019 // The biggest city devastated by Hurricane Michael last fall has had a recent series of sewage leaks, and local officials say it will cost more than $200 million to repair its sewage and water systems. Television station...
Insurers Continue to Cover Beach Resorts Despite Spate of Caribbean Hurricanes
Sep 25 2019 // Frenchman’s Reef, the largest resort on St. Thomas, was smashed by Hurricane Irma, which breached roofs, caved in walls and felled trees across the oceanfront property. Two years later, the hotel remains closed as...
Hurricane Florence, A Year Later: Many North Carolinian’s Lack Resources to Recover
Sep 25 2019 // Tanika Outlaw was working as the food and beverage manager at the Doubletree Hotel in New Bern last September when Hurricane Florence began shoving feet of water into the city’s downtown area. Ultimately, the storm...
Travelers Gives Agents Aerial Property Damage Viewer to Expedite Disaster Claims
Sep 24 2019 // Property/casualty insurer Travelers is now providing its insurance agents and brokers with before-and-after photos of areas affected by disasters. The Travelers Catastrophe Map Viewer provides access to searchable,...
Re/insurers Rethink Climate Change Risks as Losses Grow from Wildfires, Floods, Hail
Sep 20 2019 // By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay Valley had burnt both his tractor and the shipping container where he kept some tools. His insurer...
