At the start of the 2022 Atlantic hurricane season, Insurance Journal spoke with Karen Clark, founder of two catastrophe modeling firms and now CEO of Karen Clark & Company (KCC). August 24, 2022 is the 30th anniversary of Hurricane Andrew …
Almost 25 years have passed since a Category 5 hurricane struck south of Miami, and the city’s vulnerability to catastrophic storm damage has grown exponentially, according to a new insurance underwriters’ analysis. At the time, Hurricane Andrew was the most …
The reinsurance market is operating in a new reality of abundant capacity from traditional and alternative sources, low interest rates and thinner reinsurance margins, driven by intense competition against shrinking demand for reinsurance cover, according to A.M. Best’s annual special …
There have been 28 storms in U.S. history since 1900 which if they were happen today would each cause $10 billion or more in insured losses. Hurricane Andrew, which struck Florida 20 years ago this week, would be three times …
The havoc wreaked by Hurricane Andrew in Homestead, Florida two decades ago still serves as a warning about the devastation even a slow tropical storm season can bring. Homestead was ground zero when Andrew plowed ashore in late August 1992, …
The ability to predict how bad a storm will be has eluded forecasters since Hurricane Andrew made a catastrophic landfall in South Florida two decades ago and it will remain a challenge for the next chief at the National Hurricane …
Florida’s emergency managers are preparing for the upcoming tropical storm season by reexamining the lessons learned from Hurricane Andrew. This August will mark the 20th anniversary of Andrew’s catastrophic landfall in South Florida. The Category 5 hurricane remains one of …
