All the headlines from our Hurricane Topic Page, ordered by recency.
Jan 6 2005 // The program to reimburse Floridians who were subject to multiple insurance deductibles because their homes were damaged by more than one hurricane in 2004 was launched today by Florida’s Chief Financial Officer Tom...
Jan 3 2005 // The commercial property market took a huge hit from four major hurricanes that struck the U.S. mainland this past year. The full effects may have yet to be felt, however, it looks like commercial property insurers came...
Jan 3 2005 // Disgruntled homeowners attempting to repair residences destroyed by hurricanes Charley, Frances, Ivan and Jeanne applauded Florida legislators after they unanimously approved a bill to reimburse them for multiple...
Jan 3 2005 // North Carolina Gov. Mike Easley approved a request from the Western Recovery Task Force to provide assistance to local governments affected by six storms that inflicted heavy losses in North Carolina last fall. In response...
Jan 3 2005 // Florida’s storm-ravaged hurricane victims made top-of-the page headlines in newspapers and were interviewed “Live at Five” on television news broadcasts during mid-December as the Florida Legislature met...
Jan 3 2005 // Floridians will long remember 2004 as the year of the hurricane. The Atlantic region had 15 named storms, nine of them hurricanes. Of those, four hit Florida in the span of six weeks.Recently, hurricane forecaster William...
Jan 2 2005 // A Navy plan to pay Gulf Coast shipbuilders about $1.7 billion for losses related to damages and construction delays from Hurricane Katrina may overstate the actual costs and could dampen efforts to collect insurance...
Dec 31 2004 // The state’s largest provider of hurricane insurance to local homeowners has raised its rate by an average of about 20 percent, the first rate increase in the company’s four years in Hawaii.Zephyr Insurance Co....
Dec 30 2004 // The deadline for anyone who suffered losses from hurricanes Charley, Frances, Ivan or Jeanne to apply for assistance has been extended by the Federal Emergency Management Agency (FEMA) to Feb. 28.A U.S. Small Business...
Dec 30 2004 // A.M. Best Co. has downgraded the financial strength rating to B- (Fair) from A- (Excellent) of Cayman General Insurance Company Limited (Cayman General) (Cayman Islands). The rating remains under review with negative...
Dec 28 2004 // More than $114 million in hurricane claim losses have been reported in Georgia by John Oxendine, Insurance Commissioner, while Hurricane Ivan accounted for $75 million in damages. A number of families in metro Atlanta are...
Dec 28 2004 // A.M. Best Co. has released a year-end report on the U.S. P/C industry, which indicates that, “despite the colossal hurricane losses posted during the third quarter of 2004,” it “reported very strong...
Dec 27 2004 // The total number of tornadoes reported in the United States reached a record high during the year 2004, surpassing the previous record by almost 300, according to officials at NOAA’s Storm Prediction Center in...
Dec 23 2004 // The U.S. Small Business Administration (SBA) has extended application deadlines to Jan. 3 for residents and business owners in Florida and Alabama. A spokesman said it has approved more than $1 billion in loans in Florida...
Dec 21 2004 // According to preliminary estimates from Swiss Re’s forthcoming sigma report, more than 21,000 people around the world lost their lives as a result of natural and man-made catastrophes in 2004. Economic losses were...
Dec 20 2004 // This is Insurance Journal‘s year-in-review issue and what a year it was!Between four hurricanes that churned through southeast coastal states; the aftermath of the hurricanes, resulting in floods as far north as West...
Dec 20 2004 // Benefiting from profits on underwriting, the U.S. property/casualty insurance industry’s net income after taxes rose 28.3 percent to $26.7 billion in the first nine months of 2004 from $20.8 billion in the first nine...
Dec 20 2004 // The Wharton School professor argued that insurance companies are not “girly men” when it comes to providing coverage for extreme risks such as hurricanes and terror attacks. It’s the federal...
Dec 20 2004 // Even with the nearly $21 billion of hurricane-related losses expected to be reflected in the third- and fourth-quarter results, the nation’s property/casualty insurers are well-capitalized and safely positioned to...
Dec 20 2004 // Even with the nearly $21 billion of hurricane-related losses expected to be reflected in the third and fourth quarter results, the nation’s property/casualty insurers are well-capitalized and safely positioned to...