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Advising Businesses on Business Interruption Insurance

With the recent late-winter storms that have hit the Northeast, many businesses could have suffered a loss of revenue they were not anticipating. If a business owner was impacted by this latest storm, chances are his or her company was …

Plunging Temperatures in Northeast Lead to Icy Conditions Following Storm

Concerns about falling temperatures and icy conditions on roads and sidewalks across the Northeast followed a late-season storm that plastered the region with sleet and snow. Tuesday’s powerful nor’easter paralyzed much of the Washington-to-Boston corridor, but fell short of the …

The National Weather Service Confirms Tornado in Western Massachusetts

The National Weather Service has confirmed that a tornado with winds up to 110 mph touched down in western Massachusetts. Meteorologists say the EF-1 tornado touched down Saturday evening in Conway in Franklin County. The weather service says most of …

Cyber Attacks Remain at Top of List of Business Continuity Worries: Survey

The threat of cyber attacks and political instability resulting from rising populism are among the biggest worries for businesses around the world, according to a study of companies in 79 countries. The number one issue for executives working in business …

Northeast Could See Impact of Tropical Storm Hermine After Months of Drought

Over the past several months, the Northeastern U.S. has experienced abnormally dry conditions leading to a drought that could last into the fall. Now, it is facing a different problem with the looming risk of heavy rain and wind from …

Tropical Storm Darby Makes Landfall on Big Island of Hawaii: AIR

Tropical Storm Darby, which formed off the coast of Mexico on July 11, quickly reached hurricane status as it moved westward toward Hawaii finally reaching landfall on Monday, according to catastrophe modeling firm AIR Worldwide. However, the hurricane weakened on its …

4.3 Magnitude Quake Knocks Out Power in Central Oklahoma

A strong, 4.3-magnitude earthquake woke many people in the Oklahoma City area early on Dec. 29 and knocked out power to thousands of homes, the latest in a series of temblors that’s prompted state regulators to call for more restrictions …

Typhoon Melor Hits Philippines with Fierce Winds and Flooding: AIR

A report from catastrophe modeling firm AIR Worldwide, describes Super Typhoon Melor, known locally as Nona, as having struck the Philippines on Monday, December 14, 2015, at around 3:00 UTC (11:00 a.m. local time) near Batag, Laoang, in the eastern …

Business Interruption Claims on the Rise: Allianz

The average large business interruption (BI) property insurance claim is now in excess of $2.4 million, 36 percent higher than the corresponding average property damage claim of just over $1.7 million, according to a report from Allianz Global Corporate & …

AIR Analyzes Typhoon Koppu’s Heavy Flooding Impact on the Philippines

A report from catastrophe modeling firm AIR Worldwide highlights “widespread flooding, landslides, wrecked roads and bridges, downed trees, and power outages” in the Philippines in the wake of Typhoon Koppu’s passage. The storm has finally moved over the Island of …