All the headlines from our Hurricane Topic Page, ordered by recency.
Oct 2 2017 // Damage left by Hurricanes Irma and Harvey will lead to a hardened property market and pricing correction, at least in the short-term according to a new KPMG survey.In related analysis, a new Morgan Stanley report...
Oct 2 2017 // Allstate expects insurance losses of about $593 million for August mainly due to Hurricane Harvey, which left a path of destruction along the Gulf Coast.The initial accounting follows warnings from other insurers that are...
Oct 1 2017 // Puerto Rico’s island-wide power outage will mean a surge in insurance claims for lost business income that will increase the already high cost of damage caused by Hurricane Maria, likely tipping some big reinsurers...
Sep 29 2017 // Maria was finally racing east over the Atlantic on Thursday, giving the United States a rest from the constant threat of tropical weather for more than a month.No injuries have been reported on the U.S. mainland from...
Sep 29 2017 // Not long after the House passed legislation that included a provision to allow private flood insurance policies to satisfy flood coverage requirements, the Senate sidetracked the flood policy measure.The flood insurance...
Sep 29 2017 // RMS, the Newark, Calif.-based risk modeling and analytics firm, estimated that the insured loss from Hurricane Maria will be between US$15 billion and US$30 billion.This estimate represents the insured losses associated...
Sep 29 2017 // Lloyd’s of London insurer Beazley said on Friday it reckoned that its losses from hurricanes Harvey, Irma and Maria in the Caribbean and southern United States and a series of earthquakes in Mexico would reduce its...
Sep 29 2017 // Architect Kobi Karp has a vision for affordable housing in the Florida Keys: residences set at coconut-tree height to keep them dry, atop concrete columns holding them in place.Key West clients sought out his designs...
Sep 29 2017 // The Georgia Office of the Commissioner of Insurance estimates that insured losses in the state from Hurricane Irma have now exceeded $300 million, with more than 50,000 property related insurance claims reported.“Our...
Sep 28 2017 // Chubb Ltd. has estimated it will see more than $1 billion in third-quarter losses stemming from hurricanes Harvey and Irma, a substantial hit for the insurer and reinsurer.The loss estimate is preliminary. Further details...
Sep 28 2017 // Lloyd’s of London expects net losses of $4.5 billion from hurricanes Harvey and Irma, which analysts said would eat into the insurer’s capital and hit its profitability.Although losses from natural catastrophes...
Sep 28 2017 // Lloyd’s of London expects net losses of $4.5 billion from hurricanes Harvey and Irma, which analysts said would eat into the insurer’s capital and hit its profitability.Although losses from natural catastrophes...
Sep 28 2017 // Ratings agency A.M. Best said it expects a significant share of the loss from Hurricane Maria to pass on to the global reinsurers evenly.The agency said it expects the loss would remain within the overall risk tolerance of...
Sep 28 2017 // Hurricane Irma will generate up to 70,000 claims and approximately $1.23 billion of insured losses to Citizens Property Insurance Corporation over the next 18 to 24 months, according to initial estimates presented to...
Sep 27 2017 // The Texas Department of Insurance has issued a mandatory data call to both admitted and surplus lines insurance carriers seeking information about Hurricane Harvey-related claims in 62 counties impacted by the storm.The...
Sep 27 2017 // Since the first forecasts showed Hurricane Harvey approaching Texas to the impact of Hurricane Irma in the Florida Keys, millions of people were ordered, recommended and asked to evacuate their homes. That gave rise to one...
Sep 26 2017 // An evacuation was underway Tuesday on an island on North Carolina’s Outer Banks as Hurricane Maria moved north.The Hyde County Sheriff’s office said the evacuation began at 5 a.m. Monday on Ocracoke Island. It...
Sep 26 2017 // Industry insured losses for Hurricane Maria in the Caribbean will be between US$40 billion and US$85 billion, according to catastrophe modeling firm AIR Worldwide.Puerto Rico alone accounts for more than 85 percent of the...
Sep 24 2017 // Storm watches have been issued for North Carolina as the U.S. is threatened by a hurricane for the fourth time in a month.Tropical storm watches, meaning winds of at least 39 miles (63 kilometers) per hour could reach the...
Sep 22 2017 // Americans are still buying homes in areas with high risk of natural hazards and the homes in those cities continue to appreciate in value far faster than homes in low natural hazard locales.However, the effect on home...