Hurricane Season News

Commercial P/C Prices Still Dropping, Risk Manager Survey Finds

Commercial insurance premiums continued to decline during the second quarter of 2007, according to the RIMS Benchmark Survey, a survey of current policy renewal prices as reported by corporate risk managers. RIMS Benchmark Survey second quarter reports show that directors …

Former National Hurricane Center Directors Discuss Tough Position

A day after the director of the National Hurricane Center went on leave following questions about his leadership, former directors said Tuesday he should have listened more carefully to his staff and been slower to make changes. Bill Proenza went …

Promise for Backup Generators in Fla. Hurricane Shelters Unkept

Most of the backup generators that Florida lawmakers promised would be installed in hurricane shelters for the state’s most fragile residents by the start of hurricane season have not been installed and won’t be until the season is over, authorities …

Figures

27 The number arrested by Florida officials in an ongoing investigation dubbed “Operation TGIF” because the group perpetrated staged accidents on Fridays. The staged accident ring billed auto insurers more than $300,000 in fraudulent Personal Injury Protection claims, according to …

Figures

British weather forecasters, making their first public attempt to predict the Atlantic hurricane season, say it may be quieter than their American counterparts expect. It is most likely that 10 tropical storms will form from July to November, the British …

Builder’s risk: difficult but manageable

The rest of 2007 will continue to be a difficult time for developers and builders to secure builder’s risk insurance for their projects, at least in catastrophe prone regions. But outside of coastal areas and California earthquake issues builder’s risk …

It Figures

27 The number arrested by Florida officials in an ongoing investigation dubbed “Operation TGIF” because the group perpetrated staged accidents on Fridays. The staged accident ring billed auto insurers more than $300,000 in fraudulent Personal Injury Protection claims, according to …

It Figures

10 British weather forecasters, making their first public attempt to predict the Atlantic hurricane season, say it may be quieter than their American counterparts expect. It is most likely that 10 tropical storms will form from July to November, the …

It Figures

494 Smarter drivers and more aggressive policing were credited with cutting traffic deaths in Minnesota last year to their lowest level in 60 years. The Department of Public Safety said 494 people were killed on Minnesota roads last year, a …

Chertoff, Governors Appeal for Coast Residents to get Storm Ready

Homeland Security Secretary Michael Chertoff joined governors from Mississippi and Alabama in appealing for Gulf Coast residents to get prepared for the height of hurricane season. Some 400 delegates to the three-day Mississippi/Alabama Hurricane Conference at the Imperial Palace Casino …