The 2010 Atlantic hurricane season will produce an above-average eight hurricanes, four of them major, posing a heightened threat to the U.S. coastline, the Colorado State University hurricane forecasting team predicted Wednesday. In its second forecast in four months for …
Gov. Charlie Crist says he will veto any legislation that raises homeowners insurance rates. “If a bill gets to my desk that favors the insurers, I will veto it,” Crist told a group of Realtors convening at the state capital. …
As Insurance Commissioner Kevin McCarty told the Florida Cabinet, “the marketplace still faces serious challenges.” Out of the more than 200 property insurance companies in Florida, 81 reported underwriting gains for 2009, while 100 reported underwriting losses. These underwriting losses …
The National Hurricane Center is considering adding a storm-surge warning to its list of watches and warnings issued during hurricane season. Center officials floated the idea of a storm-surge warning to a crowd of emergency managers, first responders and meteorologists …
The El Nino warming the Pacific Ocean since June has peaked, but is expected to influence climate patterns worldwide up to mid-year before dying out, the World Meteorological Organisation (WMO) said Tuesday. However, the United Nations agency said that forecasting …
For the first time in many years the first quarter 2010 results of reinsurers will be worse than the results of their primary insurance company clients thanks in part to unprecedented catastrophe losses. Some $16 billion in losses due to …
Insurance and real estate agents are being advised to prepare their clients for another possible interruption of the federal flood insurance program in three days, which could be longer than the one that happened last month. The Senate is expected …
Lloyd’s announced overall pretax profits of £3.868 billion [$5.796 billion] for 2009, doubling the £1.899 billion [$2.84 billion] it reported for 2008. The record results were achieved despite ongoing economic problems in the UK and the decline in the value …
Kentucky Shock “Shame on you for the blatant, arrogant, self-effacing abuses. Equally shocking is for the board to allow executives involved in the oversight of such abuses to remain.” —Cold Spring Mayor Mark Stoeber in a letter to the Kentucky …
Meteorologists are predicting an active 2010 hurricane season with above-normal threats on the U.S. coastline. Hurricane Forecaster Joe Bastardi, with the AccuWeather.com Hurricane Center, said Wednesday that he predicts seven landfalls. Five will be hurricanes and two or three of …
