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After four hurricanes and 11 insurer insolvencies, a $458 million deal for the Louisiana Insurance Guaranty Association supplies capital to pay claims.
November 9
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"No bonding will be needed to pay for Ian-insured losses," says Ben Watkins, director of Florida's Division of Bond Finance.
November 2
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The credit outlook on individual credits in Florida is mixed as the first reports of damage from the hurricane start filtering in.
October 12
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"We are extraordinarily well positioned to deal with this storm from a financial standpoint," said Ben Watkins, director of Florida's Bond Division.
October 5
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AccuWeather says Hurricane Ian may turn out to be one of the costliest storms in the county's history due to its violent storm surge, damaging winds and overpowering flooding rains.
September 29
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NOAA predicts six to 10 hurricanes and expects that between three and six of those will be classified as major storms in categories three to five.
June 8
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Coordinated national efforts to share firefighters and other resources could be stretched thin this year as drought hammers the West.
May 17
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The high court validated about $800 million of ratepayer-backed bonds to finance the recovery of fuel costs incurred by Oklahoma Gas and Electric Company (OG&E) during the February 2021 storm.
May 5
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Oklahoma joins Texas, Arkansas and Louisiana in allowing utilities to float securitized bonds to recover spending on fuel price spikes during Winter Storm Uri.
February 28
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The climate change pilot program fund has attracted more than 40 interested parties seeking $47 million of funding.
February 17
