All the headlines from our Hurricane Topic Page, ordered by recency.
Oct 20 2017 // Swiss Re, the world’s second-largest reinsurer, estimated its claims burden from hurricanes Harvey, Irma and Maria in the United States and from two earthquakes in Mexico at roughly $3.6 billion in the third...
Oct 19 2017 // It took five weeks for the largest U.S. oil refinery to get back to normal after Hurricane Harvey.It’s taking Port Arthur, Texas, a lot longer. Nearly two months after Harvey inundated Port Arthur, a crucial hub of...
Oct 19 2017 // Zurich Insurance Group estimates that Hurricanes Harvey, Irma and Maria will aggregate claims in the third quarter of approximately US$700 million, net of reinsurance and before tax.After tax, the losses are expected to be...
Oct 18 2017 // Last week we entered into a discussion of downed trees, in particular, trees downed by a hurricane. We spent our time dealing with the HO-3 policy and how it responds. If you didn’t catch that, take a look at last...
Oct 18 2017 // Argo Group International Holdings Ltd. and Aspen Insurance Holdings Ltd. have issued their third quarter catastrophe loss estimates, primarily related to Hurricanes Harvey, Irma and Maria as well as the earthquakes in...
Oct 18 2017 // Georgia’s estimated insured losses from Hurricane Irma have climbed to more than $550 million, with insurers reporting approximately 103,163 claims filed so far, according to Georgia Insurance Commissioner Ralph...
Oct 16 2017 // Weathering a storm like Hurricanes Harvey, Irma or Maria requires planning, insurance and grit.In a span of 30 days the devastation from multiple hurricanes impacted millions of American families and businesses. When...
Oct 16 2017 // A trio of third-quarter hurricanes and continued catastrophe losses impacting insurers and reinsurers will have a greater impact on reinsurers—and may potentially fuel reinsurance rate hikes at the Jan. 1, 2018 renewal...
Oct 16 2017 // Catastrophe losses from the recent U.S. hurricanes and Mexican earthquakes will lead to price rises on London market insurers’ loss-affected lines and could also affect wider market pricing trends, according to Fitch...
Oct 16 2017 // If oceans warm at a rate predicted by the Intergovernmental Panel on Climate Change, the United Nation-sponsored group that assesses climate change research and issues periodic reports, expected financial losses caused by...
Oct 16 2017 // Gov. John Bel Edwards’ is disappointed that Louisiana has been left out of a federal program providing disaster tax relief to victims of this year’s hurricanes.Edwards said he can’t “wrap my head...
Oct 16 2017 // The catastrophe exposed property and habitational markets could be in for some changes following this year’s active hurricane season. Joe Morrello, head of excess and surplus (E&S) property for specialty insurer...
Oct 15 2017 // Irish authorities warned some of the worst weather conditions to hit the country in 50 years will endanger lives, as Storm Ophelia’s remnants batter the coast with “extreme” conditions.Met Eireann, the...
Oct 13 2017 // The third quarter natural catastrophe loss estimates continue to rise, as more insurers and reinsurers weigh in with their loss totals from Hurricanes Harvey, Irma and Maria, and the Mexico earthquakes.The latest companies...
Oct 13 2017 // Ophelia strengthened into a Category 2 hurricane forecast to strike Ireland, where one of the nation’s strongest storms in half a century threatens everything from farms to a golf course owned by the family of U.S....
Oct 13 2017 // S&P Global Ratings has revised its outlook on the Society of Lloyd’s to negative from stable, while reaffirming the market’s ‘A+’ insurer financial strength and long-term counterparty credit...
Oct 13 2017 // The U.S. National Flood Insurance Program, struggling with the costs of this year’s record hurricane season, will run out of money as early as Oct. 23 unless Congress takes action.The Federal Emergency Management...
Oct 12 2017 // The U.S. House of Representatives on Thursday approved $36.5 billion in emergency relief for hurricane-hit Puerto Rico and other areas that have suffered recent disasters.In addition to the U.S. territory of Puerto Rico,...
Oct 12 2017 // House lawmakers unveiled a bill Tuesday night that would provide $36.5 billion in emergency funding for hurricane and wildfire relief requested by the Trump administration.With Congress under pressure to provide urgent...
Oct 12 2017 // XL Group Ltd. announced its preliminary estimate of net losses of approximately $1.48 billion from third quarter natural catastrophes.Included within that figure is $1.33 billion in losses relating to Hurricanes Harvey,...