Post-storm season forecast
With lots of luck, the second half of the 2006 hurricane season will be as uneventful for most East Coast residents and businesses — and insurers — as the first half has been. Not that the first half hasn’t had …
A year past Katrina: What has been learned?
Peak hurricane season has arrived. Despite this season’s slow start, people who live along the coast are constantly aware that the next big storm could take shape at any time. This year, however, all of us are also looking back …
A year past Katrina: What has been learned?
Peak hurricane season has arrived. Despite this season’s slow start, people who live along the coast are constantly aware that the next big storm could take shape at any time. This year, however, everyone is also looking back at one …
One Year After Hurricane Rita Texas Insurers Offer Advice
As we approach the one-year anniversary of Hurricane Rita’s visit to Texas, residents along the Gulf Coast of Texas can and have learned a lot about the devastating effects of a hurricane, an insurance industry spokeswoman said. In Texas, Rita …
Small Insurer Granted 47.1 Percent Increase, Vows to Stay in La.
Homesite Insurance has promised to resume writing policies in southern Louisiana now that the Louisiana Insurance Rating Commission has granted it an average rate increase of 47.1 percent. The increase, approved Sept. 20, is one of the heftiest approved by …
NOAA Issues Unscheduled El Niño Advisory
Scientists at the National Oceanic and Atmospheric Administration Climate Prediction Center reported that El Niño conditions have developed in the tropical Pacific and are likely to continue into early 2007. Ocean temperatures increased remarkably in the equatorial Pacific during the …
Hurricane Gordon Nears The Azores; Could Hit Europe
The “hurricane season” usually causes concern in the Caribbean, the Gulf of Mexico, Florida, along the western Atlantic seaboard and Bermuda. However, this year residents of those areas are beginning to breathe easier, as something very odd is happening to …
Fla.’s Citizens Insurance Seeks 2% Policyholder Surcharge
All Florida homeowners with insurance will likely pay a little over 2 percent extra on their premium when they renew to help bail out the state-backed insurance company for people who can’t get coverage from private insurers. The board of …
Insurers Have Work to Do on Own Business Continuity Plans
Insurance carriers recognize the need for having a business continuity plan in place, according to a survey recently conducted by IVANS, however, much work still needs to be done in the area of disaster recovery to be completely prepared. According …
Reinsurers Adopt ‘Wait and See’ Posture at Rendezvous
For the first time in two years the high and mighty from the reinsurance world have gathered for the annual Rendezvous in Monte Carlo without having to face the consequences of an ongoing catastrophe (Ivan in 2004 and Katrina last …
