All the headlines from our Hurricane Topic Page, ordered by recency.
Nov 16 2008 // The 2008 hurricane season came very close to presenting, on a large scale, the potential quandary caused by successive losses. On Sept.1, 2008, Hurricane Gustav came ashore and caused substantial damage from the Louisiana...
Nov 14 2008 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicates 609 and 570, both of which are managed by Atrium...
Nov 12 2008 // Hurricane Ike left thousands homeless, millions without power and destroyed houses and businesses along the Texas Gulf Coast. But it also gave state and local governments a chance to learn from their mistakes during a...
Nov 11 2008 // Nov. 25, 2008, is the deadline to register for federal and state Hurricane Gustav disaster aid, according to the Federal Emergency Management Agency, Mississippi Emergency Management Agency and the U.S. Small Business...
Nov 10 2008 // Paloma, which had reached Category 4 hurricane strength, lost its punch as it stalled over Cuba Sunday and was downgraded to a tropical depression after coming ashore as a powerful hurricane that battered the island, which...
Nov 10 2008 // Bermuda-based Validus Holdings Limited reported a net loss for the quarter ended September 30, 2008 of $126.3 million, or $1.71 per diluted common share, compared with net income of $136.5 million, or $1.90 per diluted...
Nov 10 2008 // The Louisiana Recovery Authority says even people who have insurance should register with FEMA if they were affected by hurricanes Gustav or Ike – and they need to do it soon.The deadline is Dec. 3 for people...
Nov 10 2008 // The National Weather Service’s Honolulu Forecast Office is getting a new director of operations.Richard Knabb is currently a hurricane specialist at the National Hurricane Center in Miami, Fla. He will manage the...
Nov 4 2008 // The Bermuda-based Argo Group International Holdings managed to post a net profit of 51.1 million for the first nine months of 2008, despite posting an $8.8 million third quarter net loss.Other earnings highlight listed by...
Nov 2 2008 // The Florida Hurricane Catastrophe Fund Advisory Council recently rattled the nerves of insurers when it presented its 2008 October bonding estimates.David Sampson, president of the Property Casualty Insurers Association of...
Nov 2 2008 // Sharon P. Clark, a 17-year veteran of Kentucky state government, was appointed commissioner of the Kentucky Department of Insurance (DOI) in June. Clark’s experience includes five years as director of the Consumer...
Nov 2 2008 // Despite the challenges faced by the state of Louisiana since Hurricanes Katrina and Rita wrought their havoc in 2005, there are bright spots in the state’s property casualty insurance industry, says Louisiana...
Nov 2 2008 // 6The owner of a Little Rock, Ark., insurance company was sentenced to six years in prison on a federal fraud conviction, the Associated Press reported. Frank Whitbeck, was ordered to pay $3.8 million restitution and was...
Oct 31 2008 // Aspen Insurance Holdings has reported a third quarter 2008 net loss after tax of $116.7 million, compared with a net profit after tax of $117.2 million in Q3 2007. Operating earnings per share also posted a loss in the...
Oct 30 2008 // A.M. Best Co. says based on the credit market contraction and the uncertainty regarding the Florida Hurricane Catastrophe Fund’s ability to fund its claims-paying capacity, it placed several insurers’ ratings...
Oct 29 2008 // Bermuda’s AXIS Capital Holdings Limited reported a net loss for the third quarter of 2008 of $249 million, or $1.79 per diluted common share, compared with net income of $270 million, or $1.65 per diluted common...
Oct 28 2008 // For many East Coast homeowners, the difficulty lies not in finding insurance, but paying for it. And that so-called affordability problem affects nearly every state along the coastline.Given their recent history with...
Oct 28 2008 // Insured losses in Texas lead all other states by a wide margin as claims from the state’s hurricanes continue to pour in, the Insurance Council of Texas (ICT) reported. Insured losses from the first three quarters of...
Oct 28 2008 // Lawmakers in Texas praised the state’s response to Hurricane Ike but some blasted the efforts of the Federal Emergency Management Agency (FEMA) at a recent meeting of the state Senate’s Transportation and...
Oct 24 2008 // Like many of its property/casualty competitors, Chubb Corp. saw its third quarter profit cut by investment losses and Hurricane Ike but the New Jersey-based insurer still emerged with $264 million in net income, $300...