Hurricane Season News

Hurricane Forecasts Have Limited Value

They May Help the Public Think About Upcoming Storms But Forecasts Have Been Largely Misused by National Media, Says One Expert Each April, weather wizard William Gray emerges from his burrow deep in the Rocky Mountains to offer his forecast …

Weather Is a Big Deal in South Central States

Well before the June 1 start of hurricane season claims costs from weather related damages were on a steady climb across the South Central states of Arkansas, Oklahoma, Texas and Louisiana. Late May, early June hailstorms in central Oklahoma likely …

Good Time to Lock in Property Insurance Pricing, Advise Brokers

Science and technology are converging with risk management to help insurers negotiate the current hurricane season such that it’s now possible to use short-term hurricane forecasts — as few as 10 days out — to design coverage targeting a specific …

RMS Launches Public Catastrophe Update Service

Risk Management Solutions has announced the launch of an initiative to keep businesses informed of the impact of catastrophic events by making its expert analysis publicly available on its web site. “The RMS Cat Updates service – which has long …

Midwest Flooding Forces Evacuations, Bridge Closings, Business Shutdowns

Flooding rivers across Iowa forced residents to evacuate, closed businesses, wrecked stores and shut down highways and barge traffic, authorities said Thursday. Iowa Gov. Chet Culver said storm and water damage to infrastructure will be in the hundreds of millions …

State Farm to Drop Coastal Policies, Raise Rates in Mississippi

The State Farm Fire and Casualty Co. filed intentions with the Mississippi Insurance Department to non-renew all Mississippi homeowners policies for customers living within 1,000 feet of the Gulf of Mexico. State Farm spokesman Fraser Engerman said the action involves …

Bermuda Donates $500,000 to Caribbean Cat Risk Insurance Facility

A bulletin from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) notes that as of the beginning of the 2008 Atlantic Hurricane season, all sixteen original member governments “have signaled their continued support by renewing their 2008 policies.” In addition the …

South Carolina Safety Department Conducts Hurricane Evacuation Drill

South Carolina public safety officials planned a hurricane evacuation simulation as the state prepares for this year’s hurricane season. Public Safety spokesman Sid Gaulden said law enforcement personnel and traffic control devices were deployed on Interstate 26, U.S. 501 and …

FEMA Draft Plan Revisits Use of Trailers for Disaster Victims

The government may house disaster victims in trailers this hurricane season as a last resort, despite promises never to use them again because of high levels of formaldehyde found in trailers used after the Katrina catastrophe. Only the head of …

It Figures

2-5 There is a 60 to 70 percent chance that that number of major hurricanes will hit the Atlantic this hurricane season, according to the National Oceanic and Atmospheric Administration. NOAA predicted the 2008 season will produce 12 to 16 …