hurricanes News
Hurricane Ophelia Would Tie a 124-Year ‘Gee-Whiz’ Record
Tropical Storm Ophelia won't come anywhere near U.S. shores, but when it strengthens to a hurricane sometime Thursday, it will achieve another distinction. Ophelia will be the 10th straight Atlantic ...
House Unveils $36.5B Bill to Help With Hurricane, Wildfire Relief
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 ...
Oil Rigs in Path of Tropical Storm Nate
Tropical Storm Nate has formed off of Nicaragua, threatening to inundate Central America, shut oil and gas rigs in the Gulf of Mexico and damage cotton and citrus crops across the U.S. South. Nate ...
Trump Reportedly Seeking $29B National Flood Insurance/Disaster Aid Funding
The Trump administration will ask Congress to provide $29 billion in disaster aid and national flood insurance for hurricane-recovery efforts, a Republican lawmaker said Tuesday. Of that amount, $16 ...
Fitch’s Hurricane Irma Insured Loss Estimate Hovers Between $25B-$50B
Estimated insured losses for the insurance industry for Hurricane Irma range from $25 to $50 billion based on a number of estimates, according to a report from Fitch Ratings. Fitch's calculation ...
Carriers Must Do Better Job Educating Consumers About Deductibles: IRC Report
A perfect storm is brewing. As hurricane season ramps up on the East Coast, a new report from the Insurance Research Council (IRC) reveals that many homeowners insurance customers don't understand ...
Sobering Milestone: Cyber Attack Damage Risks Now Rival Hurricanes
Cyber attacks have reached a point where they could rack up billions of dollars in economic and insured losses, rivaling damage created by hurricanes. This milestone means insurers must start ...
For Insurers, Thunderstorm and Hurricane Losses Leave Equal Financial Impact
Risk to U.S. property from thunderstorms is as high as from hurricanes, according to new research finding that for the past decade, severe convective storms have been the largest annual aggregated ...