South Carolina’s coastal property insurance market is strong, but the state’s significant catastrophe risk remains an ongoing threat and not one that should be taken lightly. That is the message South Carolina Insurance Director Raymond Farmer hopes to get across …
The organization that names tropical storms and hurricanes says it will retire the names Erika, Joaquin and Patricia following the 2015 season. The World Meteorological Organization announced this week that Elsa and Julian will be used for future storms in …
The Atlantic, eastern and central Pacific hurricane seasons officially ended yesterday, and as NOAA predicted, the Atlantic season stayed below normal with 11 named storms, while the eastern and central Pacific were above normal with both regions shattering all-time records. …
The 2015 Atlantic hurricane season may end up being remembered for a subpar number of storms, even though the total still beat early forecasts and more than 50 people died. The season, which also lags behind in terms of overall …
Global catastrophe losses in October are expected to top $10 billion, according to a report from Impact Forecasting, Aon Benfield’s catastrophe model development unit. A record 22 global tropical cyclones have now developed in the Northern Hemisphere during 2015, said …
When the latest computer forecast models couldn’t figure out where major Hurricane Joaquin was headed earlier this month, the National Weather Service ordered extra launches of one of its oldest tools — the weather balloon. Twice a day, in what …
Another lawsuit is being filed on behalf of a crew member aboard the cargo ship that sunk during a hurricane. Court records show the wrongful death lawsuit was filed Monday on behalf of Tina Riehm, widow of third mate Jeremie …
The family of a sailor aboard the cargo ship that sunk in roiling seas whipped up by Hurricane Joaquin filed a $100 million lawsuit Wednesday against the vessel’s owner and captain. Willie Gary, a Jacksonville, Florida attorney representing the family …
Claims are already starting to trickle in from the major storm that hit South Carolina over the weekend and that is now causing additional flooding problems in North Carolina. According to State Farm Spokesman Justin Tomczak, the insurer had received …
The insurance industry is bracing itself for an expected onslaught of claims in the wake of what South Carolina officials are calling a 1 in 1,000 year storm. “This is an extremely devastating event,” said South Carolina Director of Insurance …
