Hurricane Season News

More Data Can Increase Hurricane Exposure Understanding: ImageCat

According to Gavin Lewis, commercial director of ImageCat, a US and London based risk management provider, “even in the middle of hurricane season, catastrophe risk managers can improve their understanding of their exposures through better data analysis. He noted that …

Texas Windstorm Insurer’s Financial Outlook Improved as Hurricane Season Starts

Low catastrophe activity and claims experience so far this year have helped to put Texas’ insurer of last resort for properties along the Gulf Coast in a better position to face the 2014 hurricane season than it has been in years. …

Louisianans Get Tax Holiday to Prep for Hurricane Season

This weekend, Louisiana residents looking to begin preparing for the 2014 hurricane season can store up emergency supplies with a little gift from the state. Flashlights, batteries, portable generators and other supplies are free from the 4 percent state sales …

FM Global Advises Property Owners to Be Proactive, Address Vulnerabilities

Business property insurer FM Global is urging property owners to take active measures now to help prevent potential storm losses as the peak of hurricane season approaches. “A big lesson from Hurricane Sandy is that remaining resilient during natural disasters …

Louisiana Citizens Seeking Increased Credit for Storm Season

As the peak of hurricane season approaches, the governing board for Louisiana’s property insurer of last resort agreed to boost its bank line of credit, to give the company enough money to cover costs in case of a storm. The …

Louisiana Citizens Tweaks Claims Handling in Advance of Hurricane Season

Louisiana Citizens Property Insurance Corp. announced it has made significant enhancements to increase efficiency of claims filing, adjuster deployment and claims processing, in advance of the 2013 hurricane season. The company established a claims reporting telephone number that will become …

Mayor Urges Louisiana Residents to Join Warning System

With the start of hurricane season just days away, Sulphur Mayor Chris Duncan is encouraging Louisiana residents to sign up for the city’s alert system. Duncan told The American Press that the system, which has been in use for almost …

Hurricane Isaac Insured Losses to Reach $1-$2 Billion: RMS

U.S. insured losses from Hurricane Issac’s wind and surge impacts on the U.S. Gulf Coast will fall between USD$1−2 billion, excluding rainfall driven flood losses and all National Flood Insurance Program losses, estimates catastrophe modeler Risk Management Solutions (RMS). This …

As Storm Season Shifts Into High Gear, Homeowners Urged to Be Prepared

As hurricane season shifts into high gear, the Maryland Insurance Administration is reminding consumers that September is Disaster Preparedness Month. Maryland regulators are advising homeowners to check what their insurance policy covers if the property is damaged. After Hurricane Irene …

N.J.’s Insurance Regulator Offers Tips on Preparing for Hurricanes

As the 2012 hurricane season begins, New Jersey Department of Banking and Insurance Acting Commissioner Ken Kobylowski is encouraging state residents — particularly those who live in coastal areas — to make sure they have a plan in place that …