All the headlines from our Hurricane Topic Page, ordered by recency.
Nov 6 2012 // A veteran attorney who spent several years defending insurance companies in lawsuits from Hurricane Katrina is offering advice to insurers on class action and bad faith exposure post-Sandy.Insurers will be denying claims...
Nov 5 2012 // Superstorm Sandy won’t put insurers’ finances under severe strain, and may allow them to push through a profit-boosting rise in prices next year, Hiscox , the biggest London-listed reinsurer, said on...
Nov 5 2012 // Hurricane Sandy appears to have easily caused more losses than last year’s Hurricane Irene, but final totals will be hard to come by for some time because of the scale of the disaster, catastrophe forecasting...
Nov 5 2012 // Hurricane Sandy slammed into the New Jersey coastline on Oct. 29, bringing 80 mph winds and hurling a record-breaking 13.88-foot surge of seawater.Following the storm’s landfall, more than 7 million residences and...
Nov 5 2012 // Texas’ insurer of last resort for coastal property has paid out more than $1.2 billion in individual litigation costs related to 2008’s Hurricane Ike, one state lawmaker says.Information released by Rep. Larry...
Nov 5 2012 // It’s interesting to see what’s on people’s minds as potential catastrophes develop.Google’s top search on Oct. 29 as Hurricane Sandy approached the East Coast were for the “Weather...
Nov 4 2012 // [Update: Maine also announced this week that hurricane deductibles would not apply for Sandy-related claims in the state. The Maine Bureau of Insurance told Insurance Journal Monday, Nov. 5, that hurricane deductibles will...
Nov 2 2012 // The Hartford Financial Services Group reported $401 million profit for its third quarter, up from $60 million profit posted during the same period one year ago.CEO Liam McGee said the Hartford generated strong...
Nov 2 2012 // Climate scientist Michael Oppenheimer stood along the Hudson River and watched his research come to life as Hurricane Sandy blew through New York.Just eight months earlier, the Princeton University professor reported that...
Nov 2 2012 // When the National Hurricane Center declared Sandy a “post-tropical storm” just before it made landfall, a lot of homeowners across New Jersey, New York, Connecticut and Maryland may have saved a lot of money....
Nov 2 2012 // Pumping water out of basements and yanking rotten food out of refrigerators, shop and restaurant owners said on Thursday they wonder when the power will come back and, more importantly, how they will possibly recover from...
Nov 2 2012 // From New York City’s Staten Island to the popular beach towns of the Jersey Shore, rescuers and officials on Friday faced growing evidence of widespread destruction wrought by superstorm Sandy, mounting anger over...
Nov 2 2012 // Although not nearly on the scale of Hurricanes Katrina and Rita in 2005, Hurricane Isaac caused a surprising amount of damage in Louisiana despite the fact that it was only a category 1 hurricane, the weakest category by...
Nov 1 2012 // New York Governor Andrew Cuomo announced Wednesday that New York homeowners will not have to pay potentially large hurricane deductibles on insurance claims stemming from damage caused by Sandy.New York joins other...
Nov 1 2012 // New York state on Wednesday asked the U.S. federal government to pay all the costs of cleaning up and repairing damage from massive storm Sandy that tore through the Northeast this week and crippled New York City.Governor...
Oct 31 2012 // Many homeowners who suffered losses because of flooding from Hurricane Sandy are likely to find themselves out of luck. Standard homeowners policies don’t cover flooding damage, and the vast majority of homeowners...
Oct 31 2012 // Hurricane deductibles will not be applicable for Sandy-related claims in New Jersey, the state where the superstorm made landfall late Monday.New Jersey Department of Banking and Insurance Acting Commissioner Ken...
Oct 31 2012 // Standard & Poor’s Ratings Services said it expects Hurricane Sandy to have only limited impact on the ratings on U.S. property/casualty insurers, global reinsurers, and certain catastrophe bonds.Although it...
Oct 31 2012 // The Connecticut insurance department issued a notice to the insurance industry Tuesday, alerting the industry that companies may not impose a hurricane deductible on Connecticut claims related to superstorm...
Oct 31 2012 // Toronto-based Manulife Financial, one of North America’s largest insurers, said its exposure to Hurricane Sandy was manageable and within its risk tolerance.The company, based in Toronto, is primarily a life insurer,...