September 6, 2012
Catastrophe bond issuance for the last 12 months – June 2011 to June 2012 – rose to $6.43 billion – an increase of more than $2 billion over the same period in 2011, according to a report issued by Aon …
September 5, 2012
Thousands of flood insurance claims are being filed in the wake of Hurricane Isaac, a slow-moving storm that hammered several parishes in southern Louisiana with prolonged, drenching rains and tropical-storm force winds, leaving water damage in parishes that don’t typically …
August 30, 2012
Florida Gov. Rick Scott has announced that the state is activating Florida’s disaster fund to help residents who suffered property losses from Hurricane Isaac and Tropical Storm Debbie. Earlier this week, Hurricane Isaac made its way through the Florida Keys …
August 30, 2012
Tropical storm Isaac is expected to weaken further as it heads north on Thursday, after causing significant damage to the U.S. Gulf Coast but nothing on the scale of Hurricane Katrina, which devastated New Orleans in 2005. The former Category …
August 29, 2012
Fitch Ratings anticipates losses related to Hurricane Isaac will be largely borne by primary insurers, but estimates remain uncertain as the storm has yet to make landfall. Isaac is expected to be less powerful than the Category 3 Katrina. With …
August 29, 2012
Hurricane Isaac drove water over the top of a levee on the outskirts of New Orleans on Wednesday, but the multibillion-dollar barriers built to protect the city itself after the 2005 Katrina disaster were not breached, officials said. The slow-moving …
August 29, 2012
Hurricane Isaac lashed southern Louisiana with high winds and heavy rains on Wednesday and was set for a late-morning arrival in New Orleans, seven years to the day after Hurricane Katrina devastated the city. Isaac is the first hurricane to …
June 25, 2012
Lloyd’s has published a roundup of the environmental issues inherent in as the world grows warmer. The recently concluded Rio +20 Conference was an attempt – 20 years after the first conference – “to try to reach agreement on sustainable …
June 8, 2012
As the 2012 hurricane season begins, New Jersey Department of Banking and Insurance Acting Commissioner Ken Kobylowski is encouraging state residents — particularly those who live in coastal areas — to make sure they have a plan in place that …
June 4, 2012
The Army Corps of Engineers — responsible for the massive rebuilding of hurricane protection after the devastation of Hurricane Katrina in 2005 — and leaders from around the metropolitan area say they’re working closely on emergency planning as the new …