The growing number of year-round residents in Delaware’s southern coastal communities has state officials concerned about evacuation plans for hurricanes and other natural disasters. Officials previously have estimated that evacuating in the face of an oncoming hurricane could take 24 …
Hurricane Flossie roared toward Hawaii on Monday with its sustained wind increased to 140 mph, though forecasters said the Category 4 storm would weaken before passing by the islands. The hurricane was expected to pass about 70 miles south of …
Government forecasters have minimally reduced their prediction for the Atlantic hurricane season, but say that up to nine hurricanes and up to 16 tropical storms are expected to form, still a busier-than-average season. The National Oceanic and Atmospheric Administration maintained …
So far the U.S. hurricane season has been remarkable for its absence, but Standard & Poor’s Ratings Services questions whether that trend will continue. In a report, entitled “Are U.S. Insurers Ready If The Calm Season Turns?”, S&P examines the …
Noted hurricane researcher William Gray from Colorado State University has lowered his 2007 forecast slightly, citing cooler water in the Pacific and more atmospheric dust from Africa in predicting 15 named storms and eight hurricanes off the East and Gulf …
Study: Wind coverage hard to find for Gulf Coast businesses As a key House committee voted to add wind coverage to the federal flood insurance program over insurers’ objections, a new study reported that many businesses along the Gulf of …
As a key House committee voted to add wind coverage to the federal flood insurance program over insurers’ objections, a new study reported that many businesses along the Gulf of Mexico coast have had a difficult time obtaining wind insurance …
For an insurer, understanding climate change is a matter of understanding trends in risk and changes in those trends. For Wendy Baker, president of Lloyd’s Amer-ica Inc., staying on top of those trends in the United States — where her …
A quiet 2006 storm season helped Citizens Property Insurance Corp. build a stronger financial foundation, a company official said. “As of May 30, we had a $1.9 billion surplus,” CFO Sharon Binnun told the corporation’s board of governors during a …
Gov. Charlie Crist suggested Tuesday that some property insurers may be deliberately flouting a new state law that requires them to buy cheaper reinsurance and pass the savings on to consumers. Crist said he was concerned that some insurers might …
