Hurricane Season News

Former FEMA director promotes government-industry disaster mediation

News Currents Federal and state governments should work with private insurance companies to sponsor disaster mediation programs, according to a former head of the Federal Emergency Management Agency. James Lee Witt, president of James Lee Witt Associates and FEMA director …

Coastal communities only halfway ready for a major storm

Survey finds Louisiana, Mississippi, Alabama and Georgia most prepared Average insured homeowners throughout Gulf and Atlantic coastal communities have taken just half the steps which would best position them to recover from a major storm, according to a new Hurricane …

Coastal communities only halfway ready for a major storm

Average insured homeowners throughout Gulf and Atlantic coastal communities have taken just half the steps which would best position them to recover from a major storm, according to a new Hurricane Readiness Index. The index is based on a survey …

Former FEMA director promotes state, federal disaster mediation

Federal and state governments need to work with insurance companies to sponsor disaster mediation programs before something happens — before people who have worked all their lives for everything they have, all of a sudden, within minutes, lose all their …

Editor’s Note: Watching out what you wish for

I don’t know about you but it’s only the middle of July (as this issue goes to print) and I’m already ready for the weather to cool off. You know that old adage about waiting 15 minutes for the weather …

Former FEMA director promotes government-industry disaster mediation

Federal and state governments should work with private insurance companies to sponsor disaster mediation programs, according to a former head of the Federal Emergency Management Agency. James Lee Witt, president of James Lee Witt Associates and FEMA director in the …

News Currents

Witt pointed out that as he looks across Florida, the Gulf coast states and America, he has recently seen more devastating events than have ever been witnessed in the history of the nation. He said that in today’s world and …

Fidelity National P/C acquires Southern Family flood policies

Fidelity National Property and Casualty Insurance Co. has received approval from the Circuit Court of Florida to purchase all of the existing flood insurance policies of Southern Family Insurance Co. through the Florida Department of Financial Services. Fidelity National Property …

News Currents

The excess flood market steps up where NFIP drops off Increased catastrophes raise visibility of excess coverage The historical lessons learned from Katrina and Rita and looming predictions of a future with bigger and stronger storms highlight more than ever …

Strong earnings keep insurers’ stock prices stable; M&A activity remains flat

Stock Prices: Insurers’ stock prices remained relatively stable during the second quarter of 2006. In a time of the year when stock prices tend to fluctuate depending on the weather forecast, companies were able to offset the fear of another …