Hurricane Season News

Texans Urged to Conduct Home Inventory at Start of Hurricane Season

Recognizing the June 1 start of hurricane season, the Texas Department of Insurance issued a reminder to homeowners and renters in Texas to conduct a home inventory of their personal possessions. “After a devastating event like a hurricane, people often …

Attorney General Encourages Floridians to Prepare for Hurricane Season’s Start

Crist: Prepare Yourself – Hurricane Season Starts Tomorrow Floridians have been encouraged to be prepared for hurricane season, that begins June 1, by Attorney General Charlie Crist. The attorney general cautioned residents and visitors to be aware of the dangers …

N.C. Commissioner Gives Hurricane Preparation Tips

Spring storm season is upon us and with hurricane season beginning June 1, Insurance Commissioner Jim Long urges North Carolinians to be prepared for any storms that may come toward his state. “No matter where in North Carolina you live, …

Colorado State University Team Predicts Fewer Hurricanes Will Make Landfall

The U.S. Atlantic basin is likely to experience another active hurricane season, but coastal regions may face fewer land-falling major hurricanes than last year, according to Prof. William Gray and the Colorado State University forecast team. The team maintained its …

Harrison County Opposes 400% Miss. Windpool Rate Increase

Harrison County, Miss. supervisors are opposed to the Mississippi Windstorm Underwriting Association’s request to raise insurance rates by as much as 397.8 percent, but the opposition comes as no surprise to Insurance Commissioner George Dale. The association provides coverage for …

Senate OKs Paulison as FEMA Chief as Senator Wins Flood Claims Appeal Vow

The U.S. Senate confirmed R. David Paulison as FEMA’s chief last Friday, hours after a senator ended his stall on the nomination over problems with the agency’s flood insurance program. Paulison’s confirmation was part of an unanimous consent agreement as …

Texas Windstorm Association to Increase Rates

Texas Insurance Commissioner Mike Geeslin on May 26 signed a Commissioner’s Order allowing the Texas Windstorm Insurance Association (TWIA) to increase rates for residential homeowners’ wind coverage by 3.1 percent and commercial rates by 8 percent, the Texas Department of …

White Paper Voices Concern About Property Insurance Market’s Status

The insurance industry is bracing for another active hurricane season if predictions turn into reality. Most insurance companies, including the state-run insurer of last resort, have filed for rate increases as the entire industry must make adjustments to ensure that …

Florida Preferred Agrees to Liquidation

Florida Preferred Insurance Company policyholders will be protected this hurricane season because company officials finally agreed to let the financially-troubled property insurer to enter into liquidation effective June 1, according to Tom Gallagher, Florida CFO. “This decision is in the …

Dale Sets Public Hearing on Proposed Miss. Windpool Rate Increase

Insurance Commissioner George Dale has scheduled for June 5 a public hearing in Jackson, Miss. on a proposed rate increase by the Mississippi Windstorm Underwriting Association, which provides coverage for high-risk homes in coastal Mississippi. The hearing is scheduled for …