Disaster (Flood,Coastal,EQ,W-Fire,etc.) News

Aon Offers Insurance for Pandemic Building Closures

Aon’s London office has announced that companies can now insure themselves for costs incurred if their building or the vicinity is officially closed due to a pandemic. Aon launched the coverage as cases of the H1N1 flu virus are expected …

Texas City Dike Could Reopen Next Fall, Businesses Might Not

A Hurricane Ike-damaged dike in Texas City, Texas, could reopen next fall after repairs are completed. Mayor Matt Doyle says none of the funds earmarked for the dike’s repair will go to rebuilding the shrimp boat docks or bait camps. …

South Carolina Court Hears Wildfire Case This Week

A man fined in the most destructive wildfire in South Carolina history is facing a court date to answer to charges. Court documents show the trial for Marc Torchi is set for Wednesday in Central Jury Court in Conway, a …

California Fire Near Santa Cruz Controlled

Residents in the Santa Cruz mountains have been allowed to return to their homes after being evacuated Sunday in the face of a forest fire driven by high winds. The fire in the Summit area north of Santa Cruz burned …

Harleysville Mutual to Acquire Delta Lloyds Flood Insurance Business

Pennsylvania-based Harleysville Mutual Insurance Company and will be assuming the book of “Write Your Own” (WYO) flood business of Delta Lloyds Insurance Company of Houston, Texas, effective Nov. 1, 2009. Delta General Agency Corporation, through its more than 500 retail …

Lloyd’s Notes Success of Regional Catastrophe Pools, CCRIF

An article on the Lloyd’s of London web site (www.lloyds.com) discusses the success of an “innovative solution” which can make funding available to governments in the aftermath of a natural disaster. Disasters such as earthquakes and hurricanes “can have a …

Georgia Man with Flood Damaged Home Wins Lottery

A Mableton man whose home was heavily damaged by floods last month has won $250,000 playing the Georgia lottery. Michael Sussman said he plans to buy a new home for his family with his winnings. The 38-year-old and his wife, …

Puerto Rico Refinery Fire Extinguished; Burned for two Days

Firefighters in Puerto Rico extinguished a huge fire Saturday that had raged for more than two days at an oil storage depot outside San Juan and forced the evacuation of more than 1,000 local residents. Federal agents prepared to make …

California Still at Earthquake Risk

California is still vulnerable to devastating loss should another earthquake occur like the Loma Prieta earthquake, which occured 20 years ago, according to ProtectingAmerican.org. “The fact is, that California’s largest cities are economically vulnerable as they were when the Loma …

Explosion and Fire Rip Through Puerto Rico Oil Facility

An explosion and huge fire ripped through an oil storage and refinery site outside Puerto Rico’s capital San Juan Friday, forcing the evacuation of around 350 people from a nearby neighborhood, officials said. The blast and blaze at the Caribbean …