Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Experts See Expanding Role for Parametric Insurance, Including for U.S. Disasters
Jan 8 2018 // Catastrophic losses this year due to extreme weather events have led to a growing interest in parametric insurance in the U.S., according to industry experts. Parametric coverage is also gaining traction as hazard modeling...
Epic Winter Storm Brings Car Wrecks, Broken Water Mains, Power Outages to Southeast
Jan 5 2018 // A brutal winter storm smacked the coastal Southeast with a rare blast of snow and ice Wednesday, hitting parts of Florida, Georgia and South Carolina with their heaviest snowfall in nearly three decades. The same system...
Disasters Affected 8% of U.S. Population in 2017, FEMA Notes in Review of Historic Year
Jan 3 2018 // The Federal Emergency Management Agency (FEMA) supported 59 major disaster declarations and 16 emergency declarations in 2017, a year during which unprecedented disasters affected more than 25 million Americans, almost...
Florida Could Be Close to a Real Estate Reckoning
Jan 2 2018 // Ross Hancock sold his four-bedroom house in Coral Gables, a city of pastel luxury at the edge of Miami, because he was worried that sea-level rise would eventually hurt his property’s value. He and his wife, Darlene,...
Top Insurance Journal Southeast Stories of 2017
Dec 29 2017 // It was another busy year in the Southeast with storms, workers’ comp, and carrier insolvencies dominating the headlines. Here’s a look back at some of the stories that attracted the most readers in...
Top Insurance Journal South Central Stories of 2017
Dec 29 2017 // Among the most read news stories in Insurance Journal’s South Central region during 2017 concerned Hurricane Harvey and Texas hailstorm (aka natural catastrophe insurance claims) legislation. The insurance industry...
Building for Climate Change: Miami’s High-Net Worth High-Rises as a Model
Dec 28 2017 // The Monad Terrace—a 59-unit Miami Beach luxury condominium—hasn’t been built yet, but its salesroom is up and running. Set on the ground floor of an office building a few blocks from the Monad’s bayfront...
Catastrophe Bond Managers Put Hurricanes Behind Them, Plan New Launches
Dec 20 2017 // Hedge funds and other managers of catastrophe bond funds racked up some of the worst losses in more than a decade from this year’s hurricanes and wildfires. But a year that is shaping up to be the costliest on record...
Trump Hotel, EPA Building Among Federal Properties in Flood Zones
Dec 19 2017 // The worst hurricane season in memory has spurred President Donald Trump to consider new ways to prod private homeowners to move out of flood plains. But many of the federal government’s own buildings are also at risk...
House Republicans Eye Disaster Aid, Short-Term Funding Bill
Dec 19 2017 // House Republicans agreed Monday on $81 billion in disaster relief for areas hit by hurricanes and wildfires, the largest standalone aid bill in recent years, according to a document provided by a Republican lawmaker. The...
The Charity Issue: Photos of Giving
Dec 18 2017 // The Keane Insurance Group John Keane, president of The Keane Insurance Group, founded the Keane Charitable Group in 2010 after the earthquake in Haiti. Since then, The Keane Group has raised more than $1 million to build...
Texas’ Use of Federal Harvey Funds Clouded by Lack of Transparency
Dec 18 2017 // Texas has been awarded billions in federal aid to help recover from Hurricane Harvey and the devastating flooding that followed, but it’s unclear how the state is spending its share of the money. State records...
Florida Approves Statewide Homeowners Rate Increase of 6.6% For Citizens
Dec 18 2017 // The Florida Office of Insurance Regulation (OIR) has approved statewide rate increases on 2018 personal and commercial property insurance rates for Citizens Property Insurance Corp. OIR approved a statewide increase of 6.6...
After the Storms: The Insurance Industry to the Rescue
Dec 18 2017 // When disaster strikes, the insurance industry plays a critical role in helping affected individuals, businesses and communities get back on their feet. After all, an insurance policy is a promise to pay when tragedy and...
Florida Disaster Fraud Team Investigation Leads to False Claim Arrest
Dec 15 2017 // A Florida man was arrested last month after he was caught lying to his insurance company in an attempt to file a false insurance claim for vehicle for damage allegedly caused by Hurricane Irma, according to a statement...
Studies: Global Warming Tripled Likelihood of Harvey’s Deluge
Dec 14 2017 // Global warming’s fingerprints were all over the record rainfall from Hurricane Harvey this year, confirming what scientists suspected, according to new research discussed on Dec. 13 during the American Geophysical...
United Nations Assessing Disaster Recovery in Puerto Rico
Dec 14 2017 // A United Nations expert on extreme poverty and human rights met Monday with hurricane victims in Puerto Rico as complaints grow about the U.S. government’s response to a Category 4 storm. U.N. envoy Philip Alston...
Report: Nearly $60M in Texas Windstorm Insurer Hurricane Ike Claims Still Unpaid
Dec 13 2017 // The Houston Chronicle reports that several school districts, cities and other government agencies are still waiting for a Texas insurer to pay nearly $60 million in claims from Hurricane Ike, adding to more insurance...
What to Know About the Senior Care Market
Dec 13 2017 // The aging U.S. population will create unprecedented demand for the senior living industry for decades to come and that opens the door for agents and brokers to grow their business in this sector. But understanding the...
Special Reuters Report: The High Cost of Building in High Flood Risk Areas
Dec 12 2017 // When Hurricane Harvey sent two feet of water rolling into this small community about 35 miles north of Houston, Alfredo Becerra had to flee his modest 1,500-square-foot house. Muddy floodwater submerged the furniture and...
