Latest Hurricane Headlines

All the headlines from our Hurricane Topic Page, ordered by recency.

Report: Hurricane Ian Farm Loss Could Reach $1.56 Billion

Oct 20 2022 // Agriculture losses in Florida from Hurricane Ian’s high winds and drenching rains could reach $1.56 billion, with citrus, cattle, vegetable and melon operations among the hardest hit, the University of Florida...

Hurricane Fiona Breaks New Records in Atlantic Canada With Insured Damage of C$660M

Oct 19 2022 // Hurricane Fiona is estimated to have caused C$660 million (US$436.8 million) in insured damage, according to the Insurance Bureau of Canada (IBC), which quoted initial estimates from Catastrophe Indices and Quantification...

Swiss Re Expects Claims From Hurricane Ian to Bring Q3 Loss

Oct 18 2022 // Swiss Re forecast on Tuesday a third-quarter net loss of around $500 million after the reinsurance company absorbed preliminary claims from Hurricane Ian of approximately $1.3 billion.“While the 2022 target of 10%...

Lessons from Hurricane Michael Being Applied to Ian Recovery in SW Florida

Oct 17 2022 // Four years before Category 4 Ian wiped out parts of southwest Florida, the state’s Panhandle had its own encounter with an even stronger hurricane, Michael. The Category 5 storm all but destroyed one town, fractured...

Series of Tesla Fires in Florida Linked to Saltwater Damage From Hurricane Ian

Oct 17 2022 // A Florida senator is calling for action from the Transportation Department and automakers after a series of electric vehicle fires tied to Hurricane Ian.The storm caused flooding and destruction across the state, and fire...

Will Hurricane Ian Consume Florida’s Catastrophe Fund, Forcing More Back-Breaking Reinsurance Next Year?

Oct 17 2022 // While some analysts are predicting that the property insurance industry will be able to manage Hurricane Ian and its estimated $50 billion in insured losses, a few are now warning that the storm could significantly erode...

Stonybrook Capital Says Hurricane Ian Is Largest-Ever Insured Loss Event at Over $75B

Oct 12 2022 // According to Stonybrook Capital, the damage from Hurricane Ian will result in the largest-ever insured loss event in nominal dollars.The advisory and investment banking firm focused on the insurance industry said the...

How One Computer Forecast Model Botched Hurricane Ian

Oct 11 2022 // As Hurricane Ian bore down on Florida, normally reliable computer forecast models couldn’t agree on where the killer storm would land. But government meteorologists are now figuring out what went wrong – and...

IICF Launches Hurricane Ian Relief Fund

Oct 10 2022 // The Insurance Industry Charitable Foundation (IICF) has launched the IICF Hurricane Ian Relief Fund to support those in need in the wake of Hurricane Ian.Funds will benefit Team Rubicon, a nonprofit providing emergency...

Hurricane Julia Hits Nicaragua Bringing Torrential Rainfall

Oct 10 2022 // MEXICO CITY (AP) – Hurricane Julia hit Nicaragua’s central Caribbean coast on Sunday after lashing Colombia’s San Andres island, and a weakened storm was expected to emerge over the Pacific.Julia hit as a...

Insured Damages From Hurricane Ian $31-$53B: CoreLogic

Oct 10 2022 // Property data and analytics provider CoreLogic included new and updated projections of storm surge and flood losses for Hurricane Ian for a final tally of between $41 billion and $70 billion in insured and uninsured flood...

Florida Citrus Industry Squeezed by Hurricane Ian; Crop Insurance to Cover Some Losses

Oct 7 2022 // The waters have receded, but the stink lingers. As Emma Reynolds Ezell surveys the damage that a night of 100 mile-per-hour winds wrought on her orange groves, she just can’t get over the stench. It’s nothing...

Viewpoint: Hurricane Ian, Anti-Concurrent Loss Language, and Ambiguities

Oct 4 2022 // On September 28, 2022, the nearly Category 5 Hurricane Ian made landfall in southwest Florida with maximum sustained winds clocked at approximately 150 MPH. Reports out of Lee County, Florida have been particularly...

Verisk: Up to $57B Insured Losses from Hurricane Ian

Oct 3 2022 // Insured losses from Hurricane Ian to onshore property will be between $42 billion and $57 billion, with much of the damage – $38-51 billion – coming from wind damage, according to Verisk.“Damage was more severe...

Captain America Actor Helps Fix Hurricane-Hit Roofs

Oct 3 2022 // Actor Anthony Mackie was not carrying his Captain America shield when he returned to his hometown of New Orleans to help repair hurricane-damaged roofs. But for people in his old neighborhood, knowing their tarp-covered...

KCC Estimates Near $63B in Hurricane Ian Insured Losses

Oct 2 2022 // Catastrophe modeler Karen Clark & Company (KCC) late Friday said the firm estimates insured losses from Hurricane Ian will near $63 billion.Should KCC’s calculations hold true, Ian will surely be remembered as...

Hurricane Ian Losses Up to $47B in Florida, Sinking More Insurers, CoreLogic Calculates

Sep 30 2022 // Wind and storm-surge losses from Hurricane Ian could reach as $47 billion in Florida alone, a figure made larger by inflation and rising interest rates, the property analytics firm CoreLogic said in a new...

Florida Hospital Gets Hit from Above and Below in Hurricane

Sep 30 2022 // Hurricane Ian swamped a Florida hospital from both above and below, the storm surge flooding its lower level emergency room while fierce winds tore part of its fourth floor roof from its intensive care unit, according to a...

Hurricane Ian Threatens Heavy Losses for Catastrophe Bond Holders

Sep 30 2022 // Investors who backstop Florida’s insurance industry by buying catastrophe bonds are girding for substantial losses from Hurricane Ian, threatening to crimp a key source of capital for the sector and push up insurance...

Strong Category 4 Hurricane Ian Poised to Become One of the Costliest

Sep 28 2022 // With maximum sustained winds of 150 mph at just after 3 p.m. on Sept. 28, Hurricane Ian was just shy of Category 5 status when it made landfall in Cayo Costa, Fla.Ian, one of the strongest hurricanes to ever make U.S....