All the headlines from our Hurricane Topic Page, ordered by recency.
Aug 29 2017 // While it’s too early to accurately quantify the insured losses related to Hurricane Harvey, primary insurance carriers — as opposed to reinsurers — would retain the majority of losses, according to analysts at...
Aug 29 2017 // The Texas Department of Insurance has issued several bulletins offering guidance to insurers related to Hurricane Harvey, which made landfall near Rockport, Texas, late on Aug. 25.The bulletins are in response to the...
Aug 29 2017 // Lloyd’s of London insurers dropped amid speculation that they will suffer losses from Tropical Storm Harvey that’s battering Houston, the epicenter of the U.S. oil industry.The storm, which which made landfall...
Aug 29 2017 // Hurricane Harvey’s whipsaw of wind and rain across Houston and the Texas Gulf Coast hurt the shares of U.S. property and casualty insurers on Monday as Wall Street analysts estimated insured losses as high as $20...
Aug 29 2017 // U.S. lawmakers are expected to pass a large aid package for victims of Hurricane Harvey, but specifics of the plan and its price tag are unclear as Congress awaits a funding request from the Trump administration.Rain...
Aug 28 2017 // The Independent Insurance Agents of Virginia (IIAV) is motivated to “redouble its efforts” around hurricane preparedness, particularly as it relates to flood damage, since following Hurricane Harvey’s...
Aug 28 2017 // Hurricane Harvey’s second act across southern Texas is turning into an economic catastrophe — with damages likely to stretch into tens of billions of dollars and an unusually large share of victims lacking...
Aug 28 2017 // Though Florida hasn’t suffered a category 5 storm since Hurricane Andrew hit the north Miami area on Aug. 24 1992, the risk of such a storm has not gone away or even declined. In fact, the state’s risk of...
Aug 28 2017 // The destruction that heavy rain and floods from Hurricane Harvey could inflict on Texas would add to the pile of debt owed by a federal flood insurance program that is due to expire in September, advocacy groups said.The...
Aug 28 2017 // Flood damage in Texas from Hurricane Harvey may equal that from 2005’s Hurricane Katrina, the costliest natural disaster in U.S. history, said an insurance research group on Sunday.As heavy rain pounded Houston and...
Aug 27 2017 // Key oil and gas facilities along the Texas Gulf Coast have temporarily shut down as Hurricane Harvey pounds the region with torrential rain and high winds, virtually assuring gasoline prices will rise in the storm’s...
Aug 27 2017 // Hurricane Harvey rolled over the Texas Gulf Coast on Saturday, smashing homes and businesses and lashing the shore with wind and rain so intense that drivers were forced off the road because they could not see in front of...
Aug 27 2017 // Teams of insurance adjusters were mobilized Friday in Texas cities closest to Hurricane Harvey’s expected path of destruction.Hurricane Harvey made landfall late Friday evening as a category 4 hurricane. According to...
Aug 27 2017 // Bonds tied to weather risks tumbled the most in seven months as Hurricane Harvey advanced on Texas’s Gulf Coast.The Swiss Re Cat Bond Price Return Index dropped 0.44 percent this week, the steepest decline since...
Aug 26 2017 // Early this morning, Hurricane Harvey weakened to a category 1 hurricane as it moved farther inland over southeastern Texas. It continues to bring “life-threatening storm surge, rainfall, and wind hazards to portions...
Aug 26 2017 // Harvey became the strongest hurricane to hit Texas in more than 50 years, making landfall in the heart of the U.S. energy sector and bringing the danger of a life-threatening storm surge.Harvey came ashore as a Category 4...
Aug 25 2017 // With Hurricane Harvey threatening the Texas coastline, A.M. Best said it has begun to assess the potential financial impact this event may have on the U.S. property/casualty (P/C) industry.The most recent track of Harvey...
Aug 25 2017 // Ben Brookes, RMS Vice President Capital Markets Solutions, posted the following blog update at 15:00 UTC , Friday August 25Until yesterday evening Harvey looked like a rain-flooding threat, largely – likely to land-fall...
Aug 25 2017 // The National Hurricane Center has called off the hurricane watch from Port Mansfield, Texas, south to the mouth of the Rio Grande, but the Hurricane Harvey scenario for Corpus Christi and the surrounding areas on the...
Aug 25 2017 // Brock Long knew it was just a matter of time.“We’ve gone 11 years without a major hurricane land-falling in the U.S.—that’s a one-in-2,000 chance,” said Long, President Donald Trump’s...