Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Mexico Catastrophe Bond Likely to Pay on Hurricane Patricia’s Losses: S&P
Nov 5 2015 // Bonds sold by Mexico to shield it from the cost of repairing hurricane damage are closer to paying out after the biggest storm ever measured in the Americas struck the country last month, Standard & Poor’s...
Unusually Strong Cyclone Chapala Nearing Oman, Yemen: AccuWeather
Nov 2 2015 // The AccuWeather Global Weather Center has issued a report on Tropical Cyclone Chapala, which is currently gaining strength and approaching Yemen and Oman in the Arabian Sea. The two countries are “bracing for...
Florida Regulators ‘Encouraged’ by Insurers’ Stress Test Results
Oct 29 2015 // Florida property insurers are well-capitalized and able to handle a 1-in-100 year storm event if and when it occurs in the state, according to the Florida Office of Insurance’s 2015 Data Call and subsequent stress...
Atlantic Hurricane Season Enters Final Stretch with No-Hit Record Intact
Oct 29 2015 // It has been 10 years since a major hurricane hit the U.S., and as the Atlantic season staggers into its last month, every day that passes seems certain to extend that record streak. Wilma was the last major system,...
Celebrities’ Mexican Holiday Homes Pummeled by Hurricane Patricia
Oct 27 2015 // Mexico may have dodged a bullet from the fury of Hurricane Patricia, but jet setters like Bill Gates, Gwyneth Paltrow and Cindy Crawford will have to find a new playground for now after the storm ravaged some of the...
Mexico’s Hurricane Patricia May Hit Catastrophe Bondholders
Oct 27 2015 // Mexico’s natural disaster fund may be $100 million better off at bondholders’ expense after Hurricane Patricia appeared to trigger a catastrophe bond the country sold in 2012. Investors in those notes maturing...
Hurricane Patricia Takes It Relatively Easy on Texas
Oct 26 2015 // Drenching storms that the remnants of Hurricane Patricia dragged into Texas finally cleared on Oct. 25 without leaving behind the death or devastation of torrential rain and floods that hit the state earlier in the...
Mexico Losses from Hurricane Patricia ‘Won’t Exceed $200 Million:’ AIR Analysis
Oct 26 2015 // Catastrophe modeling firm AIR Worldwide estimates that insured losses to onshore properties in Mexico from Hurricane Patricia won’t exceed $200 million. This is a surprisingly low estimate, as AIR said: “Six...
Hurricanes not the Only Storms to Hit Texas Coast
Oct 26 2015 // The Texas Windstorm Insurance Association (TWIA), the state created insurer of last resort for 14 coastal counties and parts of Harris County, reports that nearly 14,000 claims were filed after violent spring thunderstorms...
Hurricane Patricia Targets Mexico; 400K People, Ports, Insurers at Risk
Oct 23 2015 // Hurricane Patricia, the strongest in the history of the Americas, prepared to barrel into Mexico’s Pacific coast Friday, sending guests fleeing hotels in the Puerto Vallarta resort area. About 400,000 people are...
Cat 5 Patricia ‘Strongest Eastern North Pacific Hurricane on Record:’ NHC
Oct 23 2015 // Hurricane Patricia has strengthened into a Category 5 storm on the Saffir-Simpson scale, according to the National Hurricane Center in Miami, which is tracking the storm. The NHC’s latest bulletin said Patricia is...
NHC Tracking Hurricane Patricia, as It Nears Mexican Coast
Oct 22 2015 // The National Hurricane Center in Miami is tracking Hurricane Patricia, a storm in the eastern Pacific that is moving towards the west coast of Mexico. According to the NHC’s latest bulletin, Patricia is about 255...
Climate Change Adds Billions to U.S. Hurricane Losses: Study
Oct 20 2015 // Climate change has added billions to the toll of hurricane strikes on the U.S., according to a study that challenges the prevailing scientific view that the rising cost is mainly because more buildings, towns and...
Agent Develops Coverage to Fill Gaps in Traditional Wind Insurance
Oct 6 2015 // Between deductibles, excluded losses, and difficulty accessing business interruption coverage, a business suffering hurricane losses can take a big out-of-pocket economic hit even if it has insurance. There is a disconnect...
Report: Florida Cities Most Vulnerable to Storm Surge
Oct 5 2015 // Four of the top eight cities most vulnerable to a major storm surge are located in Florida, according to a new report released by Karen Clark & Company (KCC). The 2015 “Most Vulnerable U.S. Cities to Storm Surge...
Insured Losses From Joaquin Might Be Minimal at This Juncture: Macquarie
Oct 2 2015 // While still a major hurricane that turned into a Category 4 Thursday above the Bahamas, the estimated track for Hurricane Joaquin has continued to track further east of the U.S. in recent estimates. If the latest forecast...
RMS: Slow-Moving Hurricane Joaquin Expected to Drive Coastal Flooding
Oct 2 2015 // Even though Hurricane Joaquin is likely to remain offshore in the Atlantic, it is battering parts of the Carribbean with Category 4 strength winds and will likely drive coastal flooding and heavy rainfall along the eastern...
Insurance Company Investors Assess Hurricane Joaquin Damage
Oct 2 2015 // The hurricane strengthening off the U.S. East Coast is buffeting insurance providers as investors assess the possible damages. Losses began to accelerate as Joaquin grew into a Category 4 hurricane, with top winds...
Update: Category 4 Joaquin, After Pounding Bahamas, May Bypass East Coast
Oct 2 2015 // While forecasters haven’t ruled out a U.S. East Coast strike by the Category 4 hurricane pounding the Bahamas with heavy rains and raging surf, more projections are showing Joaquin will miss, the National Hurricane...
Energy Companies Are Preparing for Possibility of Joaquin Hitting NYC Area
Oct 1 2015 // U.S. energy companies said on Wednesday they were preparing for the possibility that Hurricane Joaquin could hit the New York City area early next week, potentially following the destructive course of Hurricane Sandy in...
