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 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 …
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 …
Virginians who want to stock up on batteries, bottled water and other supplies for the hurricane season will get a tax break this month. Starting May 25 and continuing for seven days, a sales tax holiday will spare them state …
The 2011 Atlantic hurricane season officially ends Wednesday, having produced a total of 19 tropical storms of which seven became hurricanes, including three major hurricanes. This level of activity matched predictions by the National Oceanic and Atmospheric Administration (NOAA) and …
Global insurance broker Marsh held a webcast on Sept. 21, where the firm’s analysts shared their views on the current business environment including the effects of Hurricane Irene and other catastrophes. The broker also offered an array of advice for …
Reacting to the recent spate of major natural catastrophes, insurers are being more selective in the capital they deploy and have in some cases withdrawn from catastrophe affected regions and loss-making sectors of business, according to leading insurance broker Marsh. …
A major hurricane landfall in Florida could strain leading global reinsurers that have already been buffeted by brutal tornadoes in the United States and earthquakes in Japan and New Zealand. The biggest reinsurers, companies like Munich Re and Swiss Re …
Florida began its sometimes annual hurricane exercise Monday after skipping the practice storm last year because officials were busy with a real emergency — the Gulf of Mexico oil spill. The hurricane taking aim at Florida is fictional, but it’s …
One major factor in whether the Atlantic Ocean will experience an active 2011 hurricane season is fluctuating thousands of miles away in the Pacific. The La Nina weather phenomenon, which is linked to above average hurricane seasons in the Atlantic, …
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