Hurricane Irene wont come close to reviving the wind vs. water debate that occupied the court systems of Mississippi and Louisiana for years following the devastation of Hurricane Katrina in 2005.

Hurricane Irene wont come close to reviving the wind vs. water debate that occupied the court systems of Mississippi and Louisiana for years following the devastation of Hurricane Katrina in 2005.

Hurricane Irene turned out to be more of a rain and flooding event than the wind event many had feared, but it still could crack the list of the 10 costliest U.S. storms if it hits the high end of insured-loss estimates.

Hurricane Irene will be a body-blow to the specialty market but the claims it generates is nothing major compared to available capital, says David Pagoumian, president of Napco.

The National Association of Professional Surplus Lines Offices has hired a former executive with the National Association of Insurance Commissioners as its new executive director.

Katia is now a Category 1 hurricane far west of the Caribbean and forecasters have advised the Gulf Coast to keep an eye on a separate potential tropical storm.

Katia is now a Category 1 hurricane far west of the Caribbean and forecasters have advised the Gulf Coast to keep an eye on a separate potential tropical storm.

Catastrophe modeler Eqecat says the U.S. can expect $1.5 billion to $2.8 billion in insured losses from Hurricane Irene.