All the headlines from our Hurricane Topic Page, ordered by recency.
Oct 6 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 Katrina:...
Oct 6 2005 // Lloyd’s announced an interim profit of 1.38 billion pounds Sterling ($2.47 billion) for the six month period ended June 30, 2005, a 21% increase compared to the same period in 2004.The severe hurricane season will...
Oct 6 2005 // Bermuda-based Everest Re Group Ltd. announced that net pre-tax catastrophe loss impacts arising from third quarter events are expected to be significant, with the principal components being $638 million attributable to...
Oct 5 2005 // Parts of Mexico and surrounding regions witnessed major destruction from Hurricane Stan earlier this week, with more than 70 people reported dead in Central America.Formerly a Category 1 storm, the storm was reportedly...
Oct 5 2005 // The U.S. property/casualty insurance industry’s net income after taxes rose 29.1 percent to a record $30.9 billion in first-half 2005 from $23.9 billion in first-half 2004. Reflecting the industry’s income, its...
Oct 5 2005 // While property/casualty industry expects insured losses from Hurricane Katrina to reach a record high of $34.4 billion, the Property Casualty Insurers Association of America says insurers will weather the storm of more...
Oct 4 2005 // The Louisiana Department of Agriculture and Forestry reported that with preliminary estimates in, it appears agriculture and forestry will take at least a $472 million hit from Hurricane Rita.Coupled with the growing...
Oct 4 2005 // Zurich Financial Services Group (Zurich) announced that it expects aggregate claims payments related to Hurricane Katrina of approximately $600 million after tax. This figure is net of reinsurance recoverables. It includes...
Oct 3 2005 // Emergency workers along the South Carolina coast are tweaking hurricane preparedness plans in the wake of Gulf Coast storms Katrina and Rita.According to the Columbia State, officials are looking into whether there are...
Oct 3 2005 // Five major insurance companies were recently sued by Mississippi Attorney General Jim Hood, who charged that insurance adjusters attempted to cheat Hurricane Katrina survivors out of millions of dollars in...
Oct 3 2005 // Alabama Independent Insurance Agents have launched a Hurricane Katrina “blog” where information commentary or thoughts about the hurricane can be posted. AIIA created the blog to present all information the...
Oct 3 2005 // Although Hurricanes Katrina and Rita are behind us, hurricane season continues through the end of November. And while it does, residents on the Gulf and Atlantic Coasts are picking up the pieces and rebuilding their lives,...
Oct 3 2005 // The New Orleans tragedy may spawn a wave of litigation related to flood protection and levee failures. Public statements, which may serve as a foundation for massive public safety legal claims, began Sept. 1.Based on the...
Oct 3 2005 // While it’s too early to tell if the highly touted computer catastrophe models met expectations for Hurricane Katrina, there are indications the models didn’t work as well as some insurers had hoped.Several...
Oct 3 2005 // Shortly after Hurricane Katrina devastated parts of Louisiana, Mississippi and Alabama, the U.S. Chamber Institute for Legal Reform issued a statement warning that the financial wreckage caused by Hurricane Katrina could...
Oct 3 2005 // But destruction will add to totals from Dennis, Katrina and Ophelia.While indications are that damages from Hurricane Rita won’t come close to equaling those of its immediate predecessor, Hurricane Katrina, that fact...
Oct 3 2005 // Gov. Kathleen Babineaux Blanco extended Louisiana’s State of Emergency until Oct. 25, effectively extending the emergency insurance rules implemented by the state’s Commissioner of Insurance Robert Wooley. The...
Oct 3 2005 // The Texas Department of Insurance announced that beginning Sept. 26, staff members were deployed to its Houston Insurance Assistance Center to assist Hurricane Rita victims with their insurance questions and claims,...
Oct 3 2005 // Although Hurricanes Katrina and Rita are behind us, hurricane season continues through the end of November. And while it does, residents on the Gulf and Atlantic Coasts are picking up the pieces and rebuilding their lives,...
Oct 3 2005 // While it’s too early to tell if the highly touted computer catastrophe models met expectations for Hurricane Katrina, there are indications the models didn’t work as well as some insurers had hoped.Several...