All the headlines from our Hurricane Topic Page, ordered by recency.
May 25 2010 // The U.S. National Hurricane Center started tracking the first low pressure system of the 2010 Atlantic hurricane season late Sunday, reminding energy and commodities traders of the coming storm season, which officially...
May 21 2010 // Munich Re has obtained cover for US hurricane and European windstorm risks amounting to US$ 80 million from special-purpose vehicle EOS Wind Ltd, which placed a catastrophe bond in the market.“MEAG, Munich Re’s...
May 21 2010 // Weather forecasters said this week that a below-average total of two to three hurricanes are likely to pass through Central Pacific waters this year as ocean surface temperatures cool.But only one hurricane needs to hit...
May 20 2010 // The Florida Hurricane Catastrophe Fund is as healthy as ever heading into the 2010 storm season.An advisory council to the fund reported Tuesday that it has enough cash and bonding ability to pay off more than $25 billion...
May 19 2010 // Chartis has expanded access of the advanced disaster preparedness and post-hurricane resources of its Private Client Group’s Hurricane Protection Unit to homeowners in the Massachusetts counties of Barnstable, Dukes...
May 19 2010 // With weather forecasters calling for a worse-than-average 2010 Atlantic basin hurricane season, the Institute for Business & Home Safety (IBHS) is advising property owners on the most effective ways to protect their...
May 18 2010 // Florida insurance leaders belive that recently passed legislation (SB2044) is a step towards stabilizing the state’s property insurance market that has had been rocked by politics, premiums assessments, company...
May 18 2010 // BP’s oil spill could make for one of the highest-stakes U.S. Gulf hurricane seasons on record.Storms may scuttle clean-up efforts, force containment vessels to retreat, or propel spilled crude and tar balls over vast...
May 17 2010 // America is emerging from a deep recession caused by financial messes on Wall Street, but Dr. J. David Rogers says the Federal Reserve is still being bankrupted by natural disasters.“The National Flood Insurance...
May 17 2010 // After significant catastrophe losses in first quarter 2010, U.S. property/casualty insurers and global reinsurers are hoping their balance sheets don’t face further financial risks, even as conditions appear ripe for...
May 17 2010 // On the final day of this legislative session, Florida lawmakers passed omnibus legislation that aims to bring more control over homeowners insurance costs, raises the state’s minimum capital requirements for...
May 17 2010 // Homeowners can mitigate against wind damage, but they’re powerless, really, to do anything against storm surge,” said one researcher whose job it is to develop ways to determine the vulnerability of homes and...
May 14 2010 // Florida’s property insurance companies haven’t suffered hurricane losses for nearly five years, but many claim to be losing money even while collecting hefty premiums. It’s a complex paradigm for almost...
May 14 2010 // The seven elderly guests on stage at Island Christian Church were just kids 75 years ago when a Category 5 hurricane barreled into their homes in the Upper Florida Keys, leaving a trail of destruction and death.A packed...
May 13 2010 // Hurricane season is fast approaching and the state of Louisiana wants to help residents prepare. On May 29 and 30, Louisianans can get a tax break when buying emergency supplies, including self-powered light sources like...
May 12 2010 // The Florida Hurricane Catastrophe Fund is to begin selling $693 million in tax-exempt bonds to help repay insurers for new and reopened claims from 2005 storms.The bonds are secured in part by emergency assessments levied...
May 11 2010 // North Carolina’s insurance pool for coastal properties now has an extra financial cushion in case a major hurricane strikes.Risk specialist Guy Carpenter & Co., LLC, and GC Securities, announced the completion of...
May 10 2010 // A dispute between an insurance company and a retired Navy admiral over coverage of damages from Hurricane Katrina has made its way to the Mississippi Supreme Court.The case is among dozens the Supreme Court will hear...
May 4 2010 // What makes an oil spill really bad? Most of the ingredients for it are now blending in the Gulf of Mexico.Experts tick off the essentials: A relentless flow of oil from under the sea; a type of crude that mixes easily with...
May 3 2010 // On the final day of this legislative session, Florida lawmakers passed omnibus legislation that aims to bring more control over homeowners insurance costs, raises the state’s minimum capital requirements for...