Insurance News

Posts Tagged ‘Storm

Tropical Storm Hermine lashes south Texas

Posted by: incur on: September 8, 2010

RAYMONDVILLE, Texas — Tropical Storm Hermine gave a wet and windy punch to Texas on Tuesday but left only minor scrapes in the storm-weary Rio Grande Valley, which is proving resilient this hurricane season after taking a third tropical system on the chin. Hermine lost steam after crossing into Texas with tropical-storm strength. A peeled-back [...]

Hurricane season might seem been pretty tame so far, particularly in light of the predictions for a highly active year. Through the first seven weeks, a hurricane and two tropical storms have emerged, about average activity. But the meanest stretch ” the seven weeks from mid-August through early October ” is here and “now the [...]

William Gray, who pioneered seasonal hurricane forecasting at Colorado State University 26 years ago, rings a bell each Aug. 20 and tells colleagues, “I have been appointed by Chicken Little to inform you that the heart of the hurricane season has begun.” This year, Gray and meteorologists at the U.S. National Hurricane Center say there’s [...]

Winter storm losses may top $2B

Posted by: incur on: February 16, 2010

WASHINGTON?Catastrophe modeler EQECAT Inc. estimates that the two winter storms that raked the mid-Atlantic region earlier this month caused more than $2 billion in insured losses. Two storms struck the area, the first beginning on Feb. 5 and the second last week, leaving some parts of the Washington metropolitan area with more than 30 inches [...]

Hurricane Bill grows to Category 3 storm

Posted by: incur on: August 20, 2009

MIAMI – Hurricane Bill, the first hurricane of the 2009 Atlantic season, strengthened into a Category 3 storm on Tuesday with top winds near 125 miles per hour, the U.S. National Hurricane Center said. Hurricanes of Category 3 or higher on the five-step Saffir-Simpson intensity scale are considered “major” and are the most destructive type. [...]

Catastrophe Bonds Reach 2009 High on Storm Outlook

Posted by: incur on: August 18, 2009

Aug. 17 (Bloomberg) — Catastrophe bonds, used by investors to bet against natural disasters, climbed to their highest level this year as hurricane outlooks called for a calmer season. The Swiss Re Cat Bond Price Return Index advanced 0.3 percent to 90.56 on Aug. 14, the sixth straight weekly gain, as investors bet insurers are [...]

Forecaster may cut Atlantic storm outlook

Posted by: incur on: May 18, 2009

FORT LAUDERDALE, Florida (Reuters) – Colorado State University hurricane forecaster Bill Gray said on Wednesday he may reduce his next Atlantic season forecast because sea temperatures are cooling and a weak El Nino may appear by late summer. “Things are looking better and better for fewer storms,” Gray told Reuters in an interview at the [...]

Ice storm tested Obama’s FEMA

Posted by: incur on: February 19, 2009

EDDYVILLE, Ky. – In the first real test of the Obama administration’s ability to respond to a disaster, Kentucky officials are giving the federal government good marks for its response to a deadly ice storm. Yet more than 300,000 residents remained without power Monday and some areas had yet to see aid workers nearly a [...]

Ice storm tested Obama’s FEMA

Posted by: incur on: February 19, 2009

EDDYVILLE, Ky. – In the first real test of the Obama administration’s ability to respond to a disaster, Kentucky officials are giving the federal government good marks for its response to a deadly ice storm. Yet more than 300,000 residents remained without power Monday and some areas had yet to see aid workers nearly a [...]

Ice storm tested Obama’s FEMA

Posted by: incur on: February 19, 2009

EDDYVILLE, Ky. – In the first real test of the Obama administration’s ability to respond to a disaster, Kentucky officials are giving the federal government good marks for its response to a deadly ice storm. Yet more than 300,000 residents remained without power Monday and some areas had yet to see aid workers nearly a [...]


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