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FEMA Releases Premium Guidelines for “High-Risk” Flood Zones
Insurers have historically used FEMA’s Specific Rating Guidelines to calculate premiums for properties at high risk of flooding, particularly those built with the lowest floor elevation below the Base...
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New Year, New Natural Disaster Emergency Plans
Along with January renewals and analyzing whether existing policies offer sufficient coverage, the new year is a perfect reminder to review company-wide emergency plans. While 2013 may have been a...
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NOAA Releases 2014 Hurricane Season Outlook
In a press conference this morning, the Climate Prediction Center of the National Oceanic and Atmospheric Administration (NOAA) released its official 2014 outlook for the Atlantic and Eastern Pacific...
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6.5 Million U.S. Homes Worth Nearly $1.5 Trillion at Risk of Hurricane Storm...
More than 6.5 million homes along the U.S. Atlantic and Gulf coasts are at risk of storm surge inundation, representing nearly $1.5 trillion in total potential reconstruction costs, according to...
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The Long-Term Economic Impact of Hurricanes
With the Northern Hemisphere now in the midst of hurricane, typhoon and cyclone season, many businesses have emergency plans in place, plywood to board the windows, and generators at the ready. But a...
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Hurricane Katrina Recovery By the Numbers
In anticipation of the 10th anniversary of Hurricane Katrina next week, the Insurance Information Institute collated data on the range of damage it caused, including insurance claims by coverage and...
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Building a Better Continuity Plan for Hurricane Season
According to the Federal Emergency Management Agency, 40% of businesses do not reopen after a disaster and another 25% fail within one year. As September is not only the beginning of hurricane season,...
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Still Time for Last Minute Hurricane Preparations
Hurricane Joaquin is threatening to hammer the East Coast this weekend. Joaquin reached Category 3 status late Wednesday and is expected to strengthen to a Category 4 on Thursday. Even if the storm...
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2015 Extreme Weather Events in Review
From hurricanes to hail to droughts to tornadoes, 2015 was a busy year for extreme weather events. Drought in California continued to worsen, increasing the risk of wildfires. While record rainfall in...
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Natural Barriers Promote Coastal Resilience, Reduce Costs
NEW YORK—Hurricane Irene and Superstorm Sandy had devastating impacts on the northeast coastline, debilitating parts of New York and New Jersey. While also in the path of the storms, Delaware saw...
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Hurricane Matthew Could Impact Renewals, Reinsurers
Downgraded to a post-tropical cyclone on Sunday, Hurricane Matthew proceeded to work its way north, pummeling coastal regions of Georgia, South Carolina and North Carolina, where rivers are overflowing...
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KCC Estimates $7B Insured Damages from Hurricane Matthew
Based on high-resolution storm surge, inland flooding and wind models, Karen Clark & Co. said today that it estimates insurers will pay $7 billion for damages in the United States resulting from...
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2017 Atlantic Hurricane Season Outlook
With the official opening of 2017 Atlantic hurricane season fast approaching, researchers appear cautiously optimistic the relatively quiet streak will continue. Today, Colorado State University’s...
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Hurricane Preparation and Recovery Tips for Businesses
The first Atlantic hurricane of the season is rapidly approaching the mainland United States, with experts currently expecting Hurricane Dorian to make landfall in Florida on Sunday. For businesses...
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Hurricane Laura Leaves Destruction—and Pandemic-Related Recovery Challenges
Hurricane Laura made landfall in the United States at 1 a.m. on Thursday, hitting Louisiana and Texas as a Category 4 storm with maximum sustained winds of 150 miles per hour and what National...
View ArticleHurricane Laura Damage Could Total Billions
Experts now project damage figures could be in the billions of dollars as a result of last week’s Hurricane Laura, the category 4 storm that hit several Caribbean nations as well as Louisiana and...
View ArticleKey Insurance Considerations in a Record Hurricane Season
The active 2020 hurricane season has produced so many named storms that scientists ran out of traditional names and have moved to the Greek alphabet for the first time since 2005. Most recently,...
View ArticleHurricane Risk Management: Key Considerations Before and After Storms Strike
On Sunday, August 29, Hurricane Ida made landfall in Louisiana as a Category 4 storm with winds of 150 miles per hour, making it one of the most powerful storms to ever hit the United States. Striking...
View ArticleRecovery Tips in the Wake of Hurricane Ian and Hurricane Fiona
Across the Caribbean, Florida, and up the Eastern seaboard to Atlantic Canada, communities are facing devastation from a recent—and ongoing—spate of mid-season hurricanes. After making landfall in...
View ArticleThe 2023 Hurricane Season Outlook
Atlantic hurricane season officially began recently, kicking off a disaster season that will run from June 1 through November 30. According to predictions from the National Oceanic and Atmospheric...
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