Bahamas News

Tomas Regains Hurricane Strength; Soaks Haiti Refugee Camps

Tropical Storm Tomas re-strengthened to a hurricane Friday as it headed between Cuba and Haiti, drenching with overnight rain crowded tent and tarpaulin camps housing vulnerable Haitian earthquake survivors. Although some camp dwellers in Haiti’s capital, homeless from the Jan. …

TS Tomas on Track to Strike Haiti, Jamaica; May Gain Strength

The most recent bulletin from the National Hurricane Center, posted at 11:00 a.m. EDT, puts Tropical Storm Tomas about 125 miles, 205 kms south-southeast of Kingston, Jamaica, and about 295 miles, 475 kms west-southwest of Port au Prince, Haiti. Maximum …

Nicole Kills 12 in Jamaica; Remnants Drench East Coast

The remains of Tropical Storm Nicole battered the U.S. Atlantic Coast like a hurricane as it moved from the Carolinas to New England on Friday. Nicole was a minimal tropical storm for just six hours Wednesday, but the broad, ragged …

Hurricane Earl Proves Kinder, Gentler Than First Feared

Risk modelers say Hurricane Earl caused very minimal damage as it passed by the East Coast and agents in the hardest hit area of the United States, the Outer Banks of North Carolina, say they have been receiving few claims. …

Hurricane Igor Weakened But Still Strong

Hurricane Igor has weakened a little, but still remains a large and powerful hurricane, the National Hurricane Center reported this morning. The hurricane was about 1,000 miles southeast of Bermuda. It was moving at about 10 mph and has sustained …

Ratings Roundup: Colonial Group, Flagstone Alliance, Hannover Re (debt)

A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the life/health and property/casualty operating subsidiaries of Colonial Group International Ltd. The outlook for all ratings is stable. Colonial …

North Carolina Expects Little Insurance Loss from Earl

Risk modelers say Hurricane Earl caused extremely minimal damage as it passed by the East Coast and agents in the hardest hit area of the United States, the Outer Banks of North Carolina, are receiving few claims. “We had very …

AIR Puts Caribbean Islands Earl Insured Losses at $50 to $150 Million

AIR Worldwide has given preliminary estimates that insured losses from Hurricane Earl’s passage near the northern Leeward Islands earlier this week are between $50 million and $150 million. AIR said the “estimate includes wind damage to insured onshore properties in …

Hurricane Earl Weakens Slightly; Churns Toward East Coast

Visitors and some residents evacuated from low-lying vacation islands off the North Carolina coast Wednesday as Hurricane Earl bore down on the U.S. eastern seaboard, churning up dangerous swells. Earl, still a major Category 3 hurricane, weakened slightly overnight but …

Spain $1 Billion Lawsuit Over Sunk Tanker Dismissed

A U.S. federal judge dismissed Tuesday Spain’s $1 billion lawsuit against an organization that declared seaworthy a tanker whose 2002 sinking created one of the world’s biggest oil spills. U.S. District Judge Laura Taylor Swain ruled in favor of the …