5 The number of Category 3 hurricanes that formed in the Atlantic Basin this hurricane season. The 2010 Atlantic hurricane season, which ended November 30, was one of the busiest on record, according to the National Oceanic and Atmospheric Administration. …
Tropical Storm Risk on ‘Remarkable’ 2010 Hurricane, Typhoon Seasons
To mark the end of the 2010 Atlantic hurricane season, Tropical Storm Risk (TSR), which provides resources for predicting and mapping tropical storm activity worldwide and is co-sponsored by Aon Benfield, has issued a series of reports summarizing the 2010 …
European Storm Season Starts, But Forecasts are Difficult, Says Lloyd’s
The world really gets no respite from global weather events. Just as the hurricane season draws to a close, the European windstorm season, which usually lasts around four months, starts up. In its examination of the onset of bad weather …
Extremely Active Atlantic Hurricane Season was a ‘Gentle Giant’ for U.S.
The 2010 Atlantic hurricane season, which ends tomorrow, was one of the busiest on record, according to the National Oceanic and Atmospheric Administration. In contrast, the eastern North Pacific season had the fewest storms on record since the satellite era …
Moody’s Rates P/C Personal Lines Industry Financially Sound, Highly Competitive
The U.S. property/casualty personal lines insurance industry remains financially sound despite the weak economy and prolonged soft, though improving, pricing environment, Moody’s Investors Service says in its new Industry Scorecard report. “While some companies reported marginal or even negative premium …
Catlin’s Interim Statement Highlights Premium Gains
The Bermuda-based Catlin Group Limited’s interim management statement highlighted some significant premium increases in certain lines. The bulletin said: “Group-wide net premiums earned increased by 13 percent in the nine months ended 30 September 2010. Approximately half of this increase …
Haiti Braces as Hurricane Tomas Roars through Caribbean
Authorities Sunday urged hundreds of thousands of Haitians living in crowded tent camps to seek new shelter as Hurricane Tomas roared across the Caribbean with Haiti in its projected path. Tomas was downgraded to a Category 1 storm after ripping …
300 Homes to Be Repaired in Settlement With Chinese Drywall Firm
A Chinese drywall manufacturer has agreed to participate in the remediation of up to 300 homes in Alabama, Mississippi, Louisiana and Florida that were contaminated by faulty drywall. The agreement reached with Knauf Plasterboard Tianjin (KPT) in Chinese Drywall multidistrict …
300 Homes to Be Repaired in Settlement With Chinese Drywall Firm
A Chinese drywall manufacturer has agreed to participate in the remediation of up to 300 homes in Alabama, Mississippi, Louisiana and Florida that were contaminated by faulty drywall. The agreement reached with Knauf Plasterboard Tianjin (KPT) in Chinese Drywall multidistrict …
Flood News
The good news is that the National Flood Insurance Program (NFIP) has been extended until Sept. 30, 2011. The bad news is that the National Flood Insurance Program (NFIP) has been extended until Sept. 30, 2011. It’s good news because …
