Latest Hurricane Headlines

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

Mold a Threat After Hurricane Rita

Oct 19 2005 // Homeowners, renters and business owners affected by Hurricane Rita need to know that failure to remove mold and mildew properly can result in serious, long-term health problems, including asthma and other respiratory...

Wilma Forms into Hurricane, Rotating off Coast of Honduras

Oct 18 2005 // Wilma, the 21st named storm of the current season, strenthened to hurricane force today with sustained winds in excess of 75 mph (120 km/hr). The storm is still slowly rotating off the coast of Honduras, and hurricane...

Safeco Unveils Q3 Report; Hurricanes Play Major Role

Oct 18 2005 // Seattle-based Safeco reported solid third-quarter results, with net income of $101.1 million, or $0.80 per diluted share. This figure includes estimated after-tax net catastrophe losses of $115.8 million, or $0.91 per...

UPDATE: Wilma Gains Hurricane Status; U.S. Gulf Keeps Watch

Oct 18 2005 // Gaining a better defined center, Tropical Storm Wilma strengthened into a hurricane Tuesday on a path that could pose a threat to Florida by the weekend. At 11 a.m. EDT, Wilma had top sustained winds of near 75...

A.M. Best: P/C Insurers Report Strong Gains for First Half of 2005

Oct 17 2005 // The U.S. property/casualty industry recorded an underwriting profit of $13.2 billion during the first six months of 2005, a substantial gain from the record results posted during the comparable period of 2004, according to...

Transatlantic Updates Q3 Losses

Oct 17 2005 // Transatlantic Holdings Inc. announced that its preliminary estimate of pre-tax cost, net of reinsurance, related to Hurricane Rita approximates $50 million, or $33 million on an after-tax basis for the full year of...

As Insured Acres Increase, Are Farmers Subsidizing High-Risk States?

Oct 17 2005 // As a direct result of the Agricultural Risk Protection Act of 2000 (ARPA), more farmers are insuring their cropland. Nationwide, insured acres have increased by 14.6 million acres, and coverage has increased by $12.2...

News Briefs

Oct 17 2005 // ALABAMAAIIA Conference, Educational Sessions The Alabama Independent Insurance Agents has scheduled five upcoming seminars in Mobile, Birming-ham and Huntsville.Oct. 19, Small and Rural Agents Conference, two topics,...

PIA of Fla. Answers Hurricane Planning Questions

Oct 17 2005 // Forty key catastrophic planning questions and answers were presented by Ron Silverman, a Professional Insurance Agents of Florida instructor and owner of Silverman Insurance Agency in Deltona Beach, Fla., during...

Editor’s Note: A Silver Lining?

Oct 17 2005 // The terrorist attacks of Sept. 11, 2001, the tsunami of December 2004, Katrina, Rita, the October 2005 earthquake in Pakistan/India. What can we make of all these man-made and natural catastrophes? They are bigger than...

News Briefs

Oct 17 2005 // ArkansasEmployment up in Ark. A recent report from the Federal Deposit Insurance Corp. showed that employment in Ar-kansas is at a high point-1.1734million-but warned that hurricane refugees could strain state...

Dual Hurricanes Blew in Big Problems for Agribusiness in Louisiana,Texas

Oct 17 2005 // In addition to the immense destruction in heavily populated urban centers and coastal communities caused by Hurricanes Katrina and Rita, which hit the Gulf Coast region in August and September 2005, agricultural interests...

As Insured Acres Increase, Are Farmers Subsidizing High-Risk States?

Oct 17 2005 // The hurricane [Katrina] produced catastrophicBroward and Miami- Dade counties inFlorida.As a direct result of the Agricultural Risk Protection Act of 2000 (ARPA), more farmers are insuring their cropland. Nationwide,...

Hurricane Katrina to Cost $40-$55 Billion for Privately Insured Losses

Oct 17 2005 // Hurricane Katrina is expected to result in $40 to $55 billion in private insurance payments, according to a new white paper developed by the Tillinghast and Reinsurance businesses of Towers Perrin. “Hurricane...

Surplus Lines Industry Discusses Life After the Storm

Oct 17 2005 // NAPSLO 2005 ANNUAL CONVENTION:With more than 3,200 people in attendance, the National Association of Professional Surplus Lines Offices’ annual convention convened in San Francisco, Calif., last month to address the...

News Briefs

Oct 17 2005 // Katrina Churns in $34.4B in Losses: Hurricane Katrina is expected to cost U.S. property/casualty insurers an estimated $34.4 billion in insured property losses, making it the costliest U.S. catastrophe ever, according to...

Hurricane Watch Issued for Cayman Islands; Storm May Impact U.S.

Oct 16 2005 // After a slight lull in the Atlantic hurricane season, things may be heating up again.A hurricane watch was in effect for the Cayman Islands as a tropical depression churned through the Atlantic on a path that may threaten...

Citizens Completes Analysis: Board to Consider Increases in Three South Florida Counties

Oct 14 2005 // An analysis rate structure analysis of Citizens Property Insurance Corp. was just completed after an order by the Office of Insurance Regulation, indicates that Palm Beach, Broward and Dade county policyholders could soon...

Cincinnati Financial Lost $3 Mil on Rita

Oct 14 2005 // Cincinnati Financial Corporation today announced an estimate of $3 million for pretax catastrophe losses resulting from Hurricane Rita and updated its estimates of previously announced catastrophe losses. Total...

La.’s Hibernia Corp. Warns of Hurricane-Related Costs

Oct 14 2005 // Hibernia Corp., a Louisiana-based banking company trying to complete its $5 billion acquisition by Capital One Financial Corp., warned it faces substantial costs and financial uncertainties stemming from Hurricane...