All the headlines from our Hurricane Topic Page, ordered by recency.
Mar 29 2005 // The ReAdvisory group of Carvill, a leading specialty reinsurance intermediary, has released a white paper, which concludes that the location of the “Bermuda High” pressure system is crucial in determining...
Mar 25 2005 // Major changes in Florida’s property insurance system are being mulled over by Florida lawmakers after the House and Senate have both been wrestling with the topic and have now hammered out changes to tighten up the...
Mar 22 2005 // IBM has issued a bulletin noting the reliability of its iSeries system, which withstood Hurricane Ivan’s fury when it struck the Cayman Islands.The report details the experience of British Caymanian Insurance, part...
Mar 22 2005 // The Property Casualty Insurers Association of America (PCI) is urging the Florida Legislature to establish an annual hurricane deductible for insurers and lower the threshold of losses that an insurer must sustain before...
Mar 21 2005 // Thousands of irate homeowners mobbed state insurance officials in Florida and Alabama to complain about a wait of more than six months for their claims to be settled from the 2004 hurricanes.Tom Gall-agher, Florida Chief...
Mar 21 2005 // Alabama Insurance Commissioner Walter A. Bell has been named to chair a 20-member “Insurance Hurricane Issues Task Force” formed by Gov. Bob Riley to study hurricane insurance issues in coastal Alabama. Members...
Mar 21 2005 // Tom Gallagher, Florida’s CEO and House Insurance Committee Chair Rep. Dennis A. Ross, R-Lakeland, listened intently to an array of hurricane-related complaints – from families with nowhere to live to homeowners...
Mar 18 2005 // In response to a call by the Florida’s Chief Financial Officer Tom Gallagher, Gov. Jeb Bush and the Cabinet has approved an emergency rule to expedite the resolution of open claims from last year’s tropical...
Mar 17 2005 // A bill that is moving through the Florida House of Representatives could leave consumers and businesses with a hefty bill if the Florida Hurricane Catastrophe Fund is wiped out after a major hurricane.The proposed...
Mar 15 2005 // The Main Street America Group of Jacksonville, Fla. has announced that its return on equity in 2004 was 14.4 percent, its second consecutive year of strong ROE performance. In 2003, the Jacksonville, Fla.-based insurance...
Mar 14 2005 // New computer models show higher chances of hurricane strikes to Florida, and a 3.9 percent increase in predicted losses. In parts of the state, particularly Escambia County, the program boosts predicted losses as much as...
Mar 14 2005 // U.K. insurer Hiscox plc reported a drop in profits for 2004 of around 8 percent, posting a net figure of £77 million ($148.1 million), compared to £83.4 million ($160.5 million) in 2003, as losses from the Florida...
Mar 11 2005 // Two Aon subsidiaries, Aon Re Global and Impact Forecasting, LLC, have released a report on 2004’s natural catastrophes, describing “a year of freakish weather patterns, ending with the worst natural disaster in...
Mar 10 2005 // Rumors that several insurance companies plan to drop hurricane coverage in Mobile, Ala. has consumers abuzz and requests being made to the Alabama Legislature to do something to prevent homeowners from losing their...
Mar 9 2005 // A Cocoa Beach, Fla. homeowner is facing a felony charge for filing a false insurance claim allegedly claiming that renovation work to his home was the result of hurricane damage.Robert Milliken of 744 S. Orlando Ave. # 709...
Mar 8 2005 // By Chairman Warren Buffett’s own admission, Berkshire Hathaway Inc. did not have one of its best years in 2004. Last year, Berkshire’s book-value gain of 10.5% fell short of the S&P 500 Index’s 10.9%...
Mar 7 2005 // With less than 90 days to go until the 2005 hurricane season begins, Florida legislators are scrambling to solve a wide-variety of hurricane-related problems: Getting insurance claims settled; solving problems with...
Mar 7 2005 // Medicaid reform, changing term limits and ethics will be three major issues of concern to the Florida Legislature during upcoming meetings and through 2006, Ron Villella, Professional Insurance Agents of Florida lobbyist...
Mar 7 2005 // Support Windstorm Impact Reduction ProgramHurricane expert Max May-field and Rep. Jim Davis attempted to make long-range predictions about future events that will affect the Florida insurance industry during the annual...
Mar 7 2005 // The shareholders’ equity of many insurers and reinsurers is coming under greater pressure than anticipated as P/C losses from the 2004 hurricane season continue to rise with new estimates, according to a report by...