Researchers at Florida State University have developed a new metric to measure seasonal Atlantic tropical cyclone activity that focuses on the size of storms in addition to the duration and intensity, a measure that may prove important when considering a …
An industry group says Texas homeowners are paying the highest insurance premiums in the country. The report was released Tuesday by the National Association of Insurance Commissioners. The Dallas Morning News reported the study is based on premiums collected in …
Sandy has strengthened to a strong category 2 hurricane prior to landfall on the Cuban coast, after crossing over Jamaica as a cat 1 hurricane. The system is forecast to remain a hurricane (cat 1) as it passes through the …
The Federal Emergency Management Agency has waived the repayment of nearly $95 million that the agency believes was improperly paid to victims of Hurricanes Katrina, Rita and Wilma According to a report by the Department of Homeland Security’s Office of …
Catastrophe models have become such an indispensable tool for re/insurers, particularly those who write P&C catastrophe coverage, that it’s hard to believe the service is only 25 years old. It was launched in 1987 under the direction of Karen Clark, who …
Catastrophe bond issuance for the last 12 months – June 2011 to June 2012 – rose to $6.43 billion – an increase of more than $2 billion over the same period in 2011, according to a report issued by Aon …
Thousands of flood insurance claims are being filed in the wake of Hurricane Isaac, a slow-moving storm that hammered several parishes in southern Louisiana with prolonged, drenching rains and tropical-storm force winds, leaving water damage in parishes that don’t typically …
Florida Gov. Rick Scott has announced that the state is activating Florida’s disaster fund to help residents who suffered property losses from Hurricane Isaac and Tropical Storm Debbie. Earlier this week, Hurricane Isaac made its way through the Florida Keys …
Tropical storm Isaac is expected to weaken further as it heads north on Thursday, after causing significant damage to the U.S. Gulf Coast but nothing on the scale of Hurricane Katrina, which devastated New Orleans in 2005. The former Category …
Fitch Ratings anticipates losses related to Hurricane Isaac will be largely borne by primary insurers, but estimates remain uncertain as the storm has yet to make landfall. Isaac is expected to be less powerful than the Category 3 Katrina. With …
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