As time passes after hurricanes, new analysis by Stanford University researchers shows perception of personal risk, including the likelihood of injury and home damage, decline. The findings suggest that programs and policies that aid households to think beyond stocking up …
After back-to-back storms lashed the Northeast in January, rental properties Haim Levy owns in coastal Hampton, New Hampshire, were hammered by nearly two feet of water, resulting in hundreds of thousands of dollars in damage and causing him to evacuate …
This is it, the days surfer Blue Spivey looks forward to all winter. The days he can go online and watch those big, long swells rolling across the Atlantic Ocean like they do all year out in California. You’ve got …
Some coastal residents always put off emergency preparations until storm clouds loom on the horizon. The National Hurricane Center is going to try giving those people a deadline this year, issuing experimental advisories showing when tropical-storm force winds may hit …
Hurricane Katrina, which devastated New Orleans 10 years ago, is responsible for a number of changes in the commercial property insurance market. According to Rick Miller, U.S. property practice leader at Aon Risk Solutions, Katrina’s impact can be seen in …
Florida’s largest property insurer is preparing to transfer $3.1 billion in risk through a combination of reinsurance catastrophe bonds, including a $1.5 billion deal that is the largest of its kind on record. The Citizens Property Insurance Corp. board of …
