Hurricane Season News

BP Oil Spill Disaster Creates Some Opportunities

No matter which television channel or Web site you turn to, the Gulf oil spill has dominated the news. This is an environmental crisis that will affect the region’s economic capabilities and natural resources for years, if not decades, to …

How Oil in Gulf Region Could Complicate Hurricane Recovery

If a hurricane hits the Gulf Coast and whips up oil from BP’s massive spill, cleanup workers will not be able to swoop into action to fix the mess. A new Obama administration edict requires that the oil be tested …

August Begins Busiest Phase for Hurricane Season

Record high ocean temperatures and the development of a climate phenomenon known as La Nina will keep the Atlantic hurricane season on track to be the busiest since 2005, according to government forecasters. The National Oceanic and Atmospheric Administration has …

Colin Weakens to Tropical Storm West of Bermuda

Tropical Storm Colin weakened to a tropical depression in the Atlantic Ocean Sunday as it passed west of Bermuda, the National Hurricane Center (NHC) said, adding the system could dissipate later in the day. Colin became the third named storm …

Active Hurricane Season Predicted

Government forecasters say record high temperatures in the Atlantic Ocean will keep this hurricane season on track to be the busiest since 2005. The National Oceanic and Atmospheric Administration on Thursday said 14 to 20 named tropical storms are expected …

Tropical Storm Colin Reforms, Heads for Bermuda

Tropical Storm Colin reformed over the Atlantic Ocean Thursday and was moving northwest on a path that could take it close to Bermuda, where authorities issued a tropical storm warning, the U.S. National Hurricane Center said. Two days earlier, it …

European Insurer Groups Weather Storm, Oil Claims But Outlook Cloudy

Major European insurance groups weathered a slew of damage claims for storms and the collapse of the Deepwater Horizon oil rig to post stronger-than-expected half-year earnings on Wednesday. But prospects for the rest of 2010 remain cloudy, with low interest …

75% Chance of Major Hurricane Hitting Atlantic Coast, Says Forecaster

The Colorado State University forecasting team Wednesday maintained its 2010 Atlantic hurricane season forecast of 18 named tropical storms, 10 expected to become hurricanes. It predicted five of the hurricanes would be major, of Category 3 or greater. The CSU …

BP Oil Spill Disaster Creates Opportunity for Environmental Contractors’ Market

Key Coverage Issues for Agents to Consider When Selling Pollution Coverage No matter which television channel or Web site you turn to, the Gulf oil spill has dominated the news. This is an environmental crisis that will affect the region’s …

Montpelier Re Reports $70 Million Q2 Net Income; $73 Million Operating

Bermuda-based Montpelier Re Holdings Ltd., which specializes in short-tail reinsurance and other specialty lines, reported financial results for the second quarter ended June 30, 2010. Fully converted book value per share was $22.31 at June 30, 2010, an increase of …