Noted hurricane researcher William Gray, a former Colorado State University climatologist, has revised his Atlantic forecast upward and now calls for a total of nine hurricanes this season — an increase of one. Gray said five of the hurricanes will …
Tropical Storm Edouard forced shut a huge U.S. offshore oil port, a refinery, some oil production and disrupted shipping as the storm raced toward the Texas-Louisiana coast Monday. Energy companies evacuated staff from offshore platforms due to Edouard, the second …
Hurricane Dolly barreled into South Texas on Wednesday, July 23 lashing the coast with winds up to 100 mph (161 kph) and dumping heavy rain that flooded some low-lying areas but spared levees along the heavily populated Rio Grande Valley. …
Catastrophe losses in the second quarter adversely impacted financial results for The Chubb Corp., which reported net income in the second quarter of 2008 fell $213 million over the same time period in 2007, or $469 million or $1.27 per …
Tropical Storm Cristobal, the first tropical storm to menace the Southeast seaboard this hurricane season, sent outer bands of intermittent rain lashing the eastern Carolinas July 19 as forecasters predicted it could dump several inches in some areas of drought-stricken …
In the midst of hurricane season, insurance agents and brokers are reminded of the need for forward-thinking solutions that will help them obtain the best-possible catastrophe coverage for their clients. Following the 2005 hurricane season with Wilma, Katrina and Rita, …
Economic woes have forced Florida lawmakers to ax a pair of popular tax breaks as parents prepare to return their children to school next month and the state readies itself for hurricane season. Prompted by dismal revenue projections, Florida lawmakers …
Fitch Ratings has assigned an ‘AA-‘ rating to Florida Hurricane Catastrophe Fund (FHCF) Finance Corp.’s $625 million series 2008A revenues bonds. Fitch said the rating is based on the breadth and stability of the revenue streams that constitute the pledged …
Republican Presidential Nominee Opposes Idea that Remains Popular with Many Gulf Coast Voters A congressional proposal to create a national “catastrophe fund” to help states recover from natural disasters has put Republican presidential hopeful John McCain at odds with a …
The Midwest is recovering from what may be some of the worst flooding in recorded history, but Texas and the Oklahoma Panhandle are suffering from drought. After a wild and wooly winter and spring, Arkansas seems to have settled into …
