All the headlines from our Hurricane Topic Page, ordered by recency.
Sep 2 2005 // The Allstate Foundation is establishing a $1 million “Hurricane Recovery Fund” to aid the thousands of Hurricane Katrina victims. Foundation funds will be administered by organizations in the affected areas.The...
Sep 2 2005 // Risk Management Solutions announced that the economic loss from Hurricane Katrina and subsequent flooding in New Orleans is expected to exceed $100 billion.Losses are resulting from two separate catastrophic events: first,...
Sep 2 2005 // Fireman’s Fund Insurance Co. based in Novato, Calif., has declared a temporary moratorium on canceling or non-renewing personal and commercial insurance policies in areas severely affected by Hurricane...
Sep 2 2005 // Join the Insurance Industry Charitable Foundation (www.iicf.org) and Insurance Journal for a nationwide campaign to raise funds on behalf of the insurance industry in support of Hurricane Katrina relief efforts.President...
Sep 2 2005 // Mississippi Insurance Commissioner George Dale has requested all insurance companies doing business in Mississippi to grant a 60-day grace period for collection of insurance policy premiums owed by residents of the state...
Sep 2 2005 // Fitch Ratings on Friday updated its analysis of Hurricane Katrina. The range of estimated insured losses continues to be very wide and Fitch believes it will be a long time before these estimates are refined.Nonetheless,...
Sep 2 2005 // Teams of hundreds of insurance adjusters have been dispatched to begin evaluating and filing claims in Alabama, Mississippi and Louisiana. They expect to start their tedious jobs right after Labor day, now that they are...
Sep 2 2005 // The National Association of Insurance Commissioners (NAIC) says that while the damages from Hurricane Katrina may set record losses, the property and casualty industry maintains the adequate capital and liquidity required...
Sep 2 2005 // The Independent Insurance Agents of Texas is spearheading a relief effort of agent donations by contributing $25,000 to assist independent agents in Louisiana, Mississippi and other states who are victims of Hurricane...
Sep 2 2005 // A Hurricane Katrina relief fund has been established by the National Association of Mutual Insurance Companies with contributions going directly to the American Red Cross, according to Chuck Chamness, NAMIC president. The...
Sep 1 2005 // Standard & Poor’s Ratings Services has registered a quick reaction to the ravages of Hurricane Katrina on the petroleum industry. S&P announced that it has placed its “A+” counterparty credit...
Sep 1 2005 // Swiss Re announced that, based on its preliminary estimate, it expects claims related to Hurricane Katrina to be in the range $500 million (CHF 625 million) before tax. “Swiss Re expects Hurricane Katrina to cost the...
Sep 1 2005 // Two Florida lawmakers, Sen. Bill Nelson (D-Fla.) and U.S. Rep. Mark Foley (R-Fla.) have voiced their support for a national catastrophe fund that insurance companies would establish to provide extra funding in the event of...
Sep 1 2005 // WellPoint Inc. announced that the WellPoint foundations will immediately contribute $500,000 to the American Red Cross Disaster Relief Fund to support relief efforts in the wake of Hurricane Katrina. The company has also...
Sep 1 2005 // Many residents forced from their homes by Hurricane Katrina have insurance coverage under their homeowners insurance policies to pay for food and housing and other essentials of daily life, termed additional living expense...
Sep 1 2005 // Now in the third day after the country’s most catastrophic natural disaster property owners and residents are still trying to come to terms with the extent of the devastation caused by Hurricane Katrina.The Property...
Sep 1 2005 // Several media outlets reported Thursday afternoon that Congress is considering a special meeting later today or Friday to debate and get passed an emergency aid package for the Hurricane Katrina victimsHouse Speaker Dennis...
Sep 1 2005 // In response to Hurricane Katrina, A.M. Best Co. has begun to aggregate public and private information in order to assess the financial impact it will have on the global property/casualty insurance and reinsurance...
Sep 1 2005 // InsurBanc, a financial services provider for independent insurance agencies, has put together a special loan program for qualifying agency principals affected by Hurricane Katrina.Realizing that independent agency owners...
Sep 1 2005 // Ohio-based The Midland Company is currently assessing the anticipated losses from Hurricane Katrina, which made landfall along the borders of Louisiana and Mississippi earlier this week.“Access to some of the most...