Miami’s National Hurricane Center reported that Hurricane Frances’ sustained wind speeds of have weakened somewhat, and the storm’s forward motion has slowed; however the NHC warned that Frances is “still a dangerous category three hurricane.” Frances continues to move toward …
Risk Management Solutions (RMS) has announced that potential insured losses could range from $2 to $20 billion based on the latest forecasts for Hurricane Frances. Uncertainty in the storm’s track and intensity increased overnight as Frances slowed down and weakened. …
The latest bulletin from the National Hurricane Center in Miami confirms that a “Hurricane Watch remains in effect for the Florida East Coast from Florida City Northward to Flagler Beach, including Lake Okeechobee.” The coastal area runs from just above …
Hurricane Frances has strengthened substantially as it continues on a northwestern path over the open waters of the Northern Caribbean. Maximum sustained winds remain near 140 mph (220 km/hr) with higher gusts, making the storm a Category Four Hurricane on …
The National Hurricane Center’s latest bulletin on Hurricane Frances, issued this morning, confirmed that the storm is a category 3 hurricane, packing winds near 125 mph (205 km/hr.) with higher gusts. The NHC said “some strengthening is forecast during the …
The National Hurricane Center in Miami is currently tracking Frances, another powerful storm, which could strike the U.S. mainland by the end of the week. Frances is packing sustained winds of 125 mph (205 km/h) with hurricane force winds extending …
Hurricane Isabel continues to move towards the Eastern Seaboard at a leisurely 7 mph (11 kph). The storm is currently located around 700 miles (1130 kms) South-southeast of Cape Hatteras, and approximately 480 miles (770 kms) East of Nassau in …
The U.K.’s Royal & Sun Alliance Insurance Group announced that it has agreed to sell its Puerto Rican subsidiary, Royal & Sun Alliance Insurance (Puerto Rico), Inc., to Cooperativa de Seguros Multiples de Puerto Rico for around £38 million ($61 …
A collision early Saturday morning in the English Channel resulted in the sinking of the Norwegian cargo ship Tricolor and the probable loss of its cargo of luxury cars valued at £30 million ($47.68 million). The 55,000-ton Tricolor collided with …
Even before the oil tanker “Prestige” went to the bottom of the Atlantic off the Spanish coast yesterday, calls were being made for a reexamination of the laws governing international shipping, especially for petroleum products. The 26-year old single hulled …
