All the headlines from our Hurricane Topic Page, ordered by recency.
Dec 18 2005 // Several pressing public policy issues remain to be debated in theGulf region and across the country. At the forefront is the question of how we, as a nation, will finance losses from future mega- catastrophes.Weather...
Dec 18 2005 // Insurance regulators, on the heels of the National Catastrophe Insurance Summit in Burlingame, Calif., in November, are peddling the framework for a national catastrophe insurance program they say would protect U.S....
Dec 18 2005 // As 2005 draws to a close it marks the end of the second tumultuous year for the industry. After the multiple hurricanes of 2004, everyone was hoping 2005 would be calmer, but we ended up having an even more catastrophic...
Dec 18 2005 // Hurricanes Katrina and Rita affected the Gulf Coast as some of the strongest storms to hit the United States during the last 100 years, causing widespread devastation and flooding. In mid-January the country saw more than...
Dec 18 2005 // Weather forecasters predicted that the 2005 hurricane season could be more active than normal, but no one thought it would produce 26 named storms and the most destructive storm on record-Hurricane Katrina.Katrina tested...
Dec 18 2005 // Residents in many areas of the Gulf Coast watched their lives change forever on Aug. 29, 2005.When all was said and done, Hurricane Katrina went in the record books as the country’s worst natural disaster, leaving a...
Dec 18 2005 // House Passes Terrorism Insurance Bill: Legislation that will extend the 2002 Terrorism Risk Insurance Act for an additional two years passed the House of Representatives floor by a vote of 371 to 49. The Senate already...
Dec 18 2005 // Florida has survived eight hurricanes in 15 months, but more destruction is coming, according to risk modeling companies and economists speaking at the National Catastrophe In-surance Summit in Burlingame, Calif.It’s...
Dec 18 2005 // FLORIDAState Farm of Florida 8.6 Percent Rate Request Approved The Florida Department of Insurance approved an average statewide premium rate hike of 8.6 percent for State Farm of Florida, the largest insurer of homes in...
Dec 16 2005 // A report prepared by Dr. Eberhard Faust, who heads Munich Re’s Climate Change Research Department, points to some significant changes in the hurricane risk factors in the North Atlantic.Munich Re notes: “The...
Dec 16 2005 // U.S. Sen. Trent Lott is suing his insurance company over his beachfront Pascagoula home, which was leveled by Hurricane Katrina.The law office of Lott’s brother-in-law, high-profile plaintiff’s Richard...
Dec 16 2005 // Unitrin Specialty to date has paid or settled over 92% of our claims from the hurricanes that hit Louisiana.How have we settled claims so quickly? Within hours of the disaster, Unitrin Specialty created a claims...
Dec 15 2005 // A new report from Standard & Poor’s notes that “Hurricane Katrina, followed closely on its heels by Hurricane Rita, wound up revealing the flaws in many insurance-industry assumptions.”The article,...
Dec 15 2005 // In an effort to avoid a repeat of Hurricane Katrina’s deadly damage on the levee system in New Orleans, President George W. Bush is asking for another $1.5 billion to help restructure the system.With the 2006...
Dec 15 2005 // The free blue plastic sheeting installed on 78,700 hurricane-damaged roofs in Louisiana carries only a 30-day warranty, according to the U.S. Army Corps of Engineers (USACE).Operation Blue Roof provides sheeting to...
Dec 15 2005 // Fitch ratings has issued a statement analyzing the prospects for the new reinsurance companies, established in the wake of Hurricane Katrina. The rush to set up what Fitch calls the “Class of 2005” resembles...
Dec 14 2005 // Gray Line New Orleans will begin giving visitors a closeup look next month at Hurricane Katrina’s damage in the city of New Orleans. According to a promotion on the company’s Web site, tour participants can get...
Dec 14 2005 // Two leading hurricane experts, Max Mayfield, director of the National Hurricane Center, and Bill Bailey, director of the Hurricane Insurance Information Center will summarize the conclusion of the 2005 hurricane season and...
Dec 14 2005 // With Gulf Coast residents and the insurance industry trying to recover from the country’s worst natural disaster ever, two Insurance Journal reporters set out to see for themselves the effects of Hurricane...
Dec 14 2005 // Andreas Beerli, CEO of Swiss Re’s Property & Casualty business in the Americas, recently hosted the company’s annual year-end economic and insurance industry review and outlook and led the discussion about...