All the headlines from our Hurricane Topic Page, ordered by recency.
Feb 8 2005 // Bermuda-based AXIS Capital Holdings Ltd. has reported net income for the year ended Dec. 31, 2004 of $495.0 million, or $2.98 per diluted share, compared to $532.3 million, or $3.42 per diluted share, for the year ended...
Feb 7 2005 // Zurich Financial Services Group (Zurich) expects claims related to the tsunami that struck South Asia on Dec. 26, 2004 to cost approximately $65 million after tax and net of reinsurance. The aggregate amount of expected...
Feb 7 2005 // ACE USA, the U.S.-based retail operations of The ACE Group of Companies has introduced ACE Spectra, an admitted insurance product that provides coverage for property damage and business interruption resulting from a...
Feb 7 2005 // Four months before the hurricane season, storm clouds are forming due to insurance reform measures suggested by Sen. Ron Klein, D-Boca Raton.Klein told South Florida television stations and newspapers it’s essential...
Feb 7 2005 // The Florida Legislature is considering numerous actions during spring sessions, including taking a close look at preparedness for the upcoming hurricane season, now five months away; implementing single-deductibles;...
Feb 3 2005 // With damage estimates after last year’s hurricanes approaching $300 million, North Carolina Gov. Mike Easley has asked legislators to approve spending $61 million from the state’s rainy day fund to assist...
Feb 3 2005 // Predicting the weather in general and hurricanes in particular can be a very imprecise science, Max Mayfield, director of the Tropical Prediction Center/National Hurricane Center in Miami told more than 500 Windstorm...
Feb 3 2005 // Florida’s CFO Tom Gallagher has requested a freeze on all insurance rate increases for homeowners policies.According to a press release issued by the Department of Financial Services: “I learned today that...
Feb 2 2005 // Panelists and even the audience dispute Florida Insurance Council and Florida Office of Insurance Regulation statistics indicating that a large percentage of claims from the four hurricanes that hit Florida in 2004 have...
Feb 1 2005 // Just three weeks after the Department of Financial Services launched its Multiple Deductible Reimbursement Program, more than 400 checks totaling $600,000 are being mailed this week, Florida’s Chief Financial Officer...
Jan 27 2005 // Homeowners eligible to receive compensation for multiple hurricane deductibles have been called on by Florida’s Chief Financial Officer Tom Gallagher to act now and file their applications for relief so they are...
Jan 27 2005 // Florida Hurricane Relief Fund managers have announced a $1 million in-kind donation from Goodwill Industries of Florida to provide hurricane survivors with clothing and household items as recovery continues. The fund was...
Jan 27 2005 // The four major hurricanes that severely impacted Florida and other states and preparing for the 2005 hurricane season will be discussed by Max Mayfield, director of the National Hurricane Center, during the Feb. 1 to 4...
Jan 24 2005 // E&S Industry Returns to Familiar GroundNeither wind, nor rain nor the dark cloud of standard carriers returning to the marketplace will keep excess and surplus insurance writers from maintaining profitability. From...
Jan 20 2005 // Bermuda-based XL Capital Ltd. announced that, based on initial loss reports and preliminary estimates, it expects pre-tax net losses arising from the tsunami that struck South Asia on Dec. 26, 2004, of approximately $75...
Jan 19 2005 // Total property losses from the four major hurricanes that struck Florida in 2004 now top $21.6 billion according to data presented to members of a Select Joint Committee on Hurricane Insurance.The latest estimate, provided...
Jan 14 2005 // The Property Casualty Insurers Association of America urged Florida lawmakers meeting today in Tallahassee to allow the reforms made to hurricane insurance deductibles during the special legislative session to have time to...
Jan 12 2005 // An overview of property and casualty issues, homeowners, commercial property, PIP, medical malpractice and workers’ compensation have been presented to Florida legislative committees by Gary Guzzo, Florida Insurance...
Jan 12 2005 // Philadelphia Consolidated Holding Corp. on Wednesday announced that its personal lines division, Liberty American Insurance Group, has resumed accepting new insurance applications for its homeowners, condominium and rental...
Jan 10 2005 // Snow-birds who only come to Florida in the winter are accounting for an average of 8,000 new hurricane damage claims per week according to the Hurricane Insurance Information Center and the Florida Insurance Council. More...