All the headlines from our Hurricane Topic Page, ordered by recency.
Oct 24 2008 // California-based Risk Management Solutions (RMS) updated its estimate for U.S. onshore and offshore insured losses from Hurricane Ike to $13 billion to $21 billion, of which $10 billion to – $15 billion is estimated...
Oct 23 2008 // The storms that have battered Haiti since August caused nearly $1 billion of damage, World Bank President Robert Zoellick said Wednesday.“That’s a lot for a country of 8 million people and there’s been a...
Oct 23 2008 // In the aftermath of Hurricane Ike, the Texas Department of Insurance (TDI) reported it has received complaints from consumers indicating that through the words, tone, demeanor or actions of their insurance adjusters, they...
Oct 23 2008 // Catastrophe losses and the global financial crisis contributed to a $923 million net loss for the third quarter of 2008, which reflects an operating loss of $190 million and net realized capital losses of $728 million, The...
Oct 22 2008 // Travelers Cos. Inc.’s net income dropped to $214 million for the third quarter, down from $1.2 billion for the same period last year, as the company absorbed losses from Hurricanes Ike, Gustav and Dolly.The...
Oct 20 2008 // The industry group says at least $553.1 million in insured losses were left by remnants of Hurricane Ike, which swept through the state on Sept. 14.The economic crisis with the failures of Lehman Brothers, then AIG, and...
Oct 20 2008 // Carvill Capital Markets recently listed named storm contracts on the Chicago Mercantile Exchange, providing coverage for live hurricanes and for an entire hurricane season.Patrick Gonnelli, president of Carvill Capital...
Oct 20 2008 // Florida remains focused on recovery of its property insurance market. But new rules for reinsurers, a national catastrophe plan and the use of occupational rating in insurance are also on the radar of Florida Insurance...
Oct 20 2008 // Like farmers and ranchers across the United States, agriculture producers in Texas and Louisiana have been impacted by rising fuel and fertilizer costs, and they fear the credit squeeze gripping the nation will make it...
Oct 20 2008 // Carvill Capital Markets recently listed named storm contracts on the Chicago Mercantile Exchange, providing coverage for live hurricanes and for an entire hurricane season.Patrick Gonnelli, president of Carvill Capital...
Oct 20 2008 // Two weeks after Hurricane Ike hit Galveston, Texas, on Sept. 13, the Texas Windstorm Insurance Association — the state’s insurer of last resort for wind coverage along the coast — was fielding many thousands of...
Oct 16 2008 // The Florida Hurricane Catastrophe Fund Advisory Council recently presented its 2008 October bonding estimates, rattling the nerves of insurers in the process.While David Sampson, president and chief executive officer of...
Oct 15 2008 // Omar has intensified to hurricane strength in the last 24 hours and continues to move gradually towards the northern Leeward Islands. It is a relatively small storm with hurricane force winds extending up to just 15 miles...
Oct 14 2008 // The banks of Georgia’s Lake Lanier look about the same as last year: Closed boat ramps, parched soil and lonely islands peeking above the surface that should be covered by a dozen feet of water.Epic drought forced...
Oct 14 2008 // The Federal Emergency Management Agency has extended its deadline for providing temporary housing for evacuees of Hurricane Ike in Louisiana.Gov. Bobby Jindal says FEMA will now provide temporary housing until Oct. 28. The...
Oct 13 2008 // AIR Worldwide’s latest bulletin on Pacific Ocean Hurricane Norbert traces the storm’s passage over the southern Baja Peninsula, the Gulf of California, and its eventual landfall on the west coast of Mexico....
Oct 13 2008 // Bermuda-based Aspen Insurance Holdings Limited has issued a comment on the combined loss estimates for the hurricanes Gustav and Ike. In the same bulletin Aspen discussed the “impact of recent events in the financial...
Oct 13 2008 // A month after Hurricane Ike pounded the island, piles of sheetrock, appliances, furniture and family mementos dot most streets in Galveston. Electronic road signs in Southeast Texas flash, “Watch for cows next 20...
Oct 10 2008 // Bermuda-based Validus Holdings, Ltd. announced that it expects Hurricanes Ike and Gustav will negatively effect the third quarter of 2008 by approximately $165 million and $20 million, respectively. The majority of claims...
Oct 9 2008 // The most recent bulletin from Miami’s National Hurricane Center warns that Hurricane Norbert is now threatening “the Southern Baja California peninsula.” Maximum sustained winds are near 135 mph (215...