All the headlines from our Hurricane Topic Page, ordered by recency.
Nov 14 2022 // n Friday, the Federal Emergency Management Agency announced an initial estimate of Hurricane Ian losses for the National Flood Insurance Program, putting them in the range of $3.5-$5.3 billion, including loss adjustment...
Nov 14 2022 // With third-quarter earnings reports for publicly traded companies slowing down to a trickle, and FEMA publishing an estimate of NFIP last Friday, Carrier Management has updated a company-by-company list of Hurricane Ian...
Nov 10 2022 // Zurich Insurance Group expects a net $550 million pre-tax hit from Hurricane Ian, Europe’s fifth-largest insurer said on Thursday, though it remains on track to beat its 2020-2022 financial targets, helped by premium...
Nov 9 2022 // With just over three weeks to go until the official end of the 2022 North Atlantic Hurricane season, Subtropical Storm Nicole – the fourteenth named storm of the year, could be a rarely seen event – a hurricane in...
Nov 8 2022 // Insurers have paid or reserved to pay $13.9 billion on all types of Hurricane Ida-related claims in Louisiana through September 30, Insurance Commissioner Jim Donelon announced today. This data is the final measure of...
Nov 8 2022 // One of the largest providers of reinsurance for Florida carriers is predicting major increases in rates next year, a move that could add fuel to the fire for a reform package at the upcoming special session of the Florida...
Nov 7 2022 // A federal court in late October found the US government liable for $455,000 in damages to six claimants whose homes were flooded by water backed up behind two dams near Houston during Hurricane Harvey — but that’s...
Nov 7 2022 // A federal judge in Louisiana is threatening to fine a Houston-based law firm $200 for each duplicate or baseless lawsuit he finds among the 1,642 that the firm has filed against insurers for alleged hurricane damages.US...
Nov 4 2022 // Hurricane Ian not only ravaged southwest Florida on land but was destructive underwater as well. It destroyed man-made reefs and brought along red tide, the harmful algae blooms that kill fish and birds, according to...
Nov 2 2022 // The Federal Emergency Management Agency is reminding flood insurance policyholders hit by Hurricane Ian that they have an extra three months to renew their expiring policies.The agency said last week that Florida property...
Oct 31 2022 // Survivors of storms that pounded several U.S. states say the nation’s disaster aid system is broken and that they want reforms to get money into victims’ hands faster, with less red tape.On the 10th anniversary...
Oct 30 2022 // It has been a month since Hurricane Ian wiped out parts of southwest Florida. Now multimillion-dollar cleanup contracts are generating new tempests in the Category 4 storm’s wake.Contractors who remove debris and...
Oct 28 2022 // The enormous amount of uninsured loss from Hurricane Ian will lead to a “veritable swamp” of trial lawyers waiting to sue the insurance industry, according to one industry expert at AAIS Pulse.“This could...
Oct 28 2022 // Swiss Re reported a third-quarter loss of $442 million driven by claims tied to the damage from hurricane Ian, and signaled that renewal prices would jump next year.The Zurich-based reinsurer’s key unit saw $2.5...
Oct 27 2022 // A federal judge in Louisiana is threatening to fine a Houston-based law firm $200 for each duplicate or baseless lawsuit he finds among the 1,642 that the firm has filed against insurers for alleged hurricane damages.US...
Oct 26 2022 // We are in the early stages of sifting through the debris of Hurricane Ian and calculating the financial and human toll it took after coming ashore in Southwest Florida with 150 mph winds and 20 inches of rain. The insured...
Oct 24 2022 // Hurricane Ian made landfall in southwest Florida at the worst possible time for many in the agricultural community, cutting a path through the heart of Florida’s citrus belt and smashing tomato fields just before the...
Oct 24 2022 // The Florida Housing Finance Corp. is providing $5 million to help low- to moderate-income families and individuals in six counties hit by Hurricane Ian to pay their homeowners’ property insurance deductibles, Gov....
Oct 21 2022 // Munich Re said it will probably take a hit of about 1.6 billion euros ($1.6 billion) after hurricane Ian led to massive damages in Florida, and warned reaching its full-year profit goal has become “significantly more...
Oct 21 2022 // Just a few days into earnings season for the third quarter, a number of carriers have published loss estimates for insurance claims from Hurricane Ian, or prewarned investors about loss figures that will dent their bottom...