As we prepare to enter the last third of hurricane season (and traditionally the worst third!) the National Hurricane Center as of late last night showed two tropical storms in the Atlantic Ocean …
The possibility that the current pandemic may not be an infrequent event has the workers’ compensation insurance industry proposing a new multi-million dollar catastrophe fund that businesses would pay into through a special annual …
This morning’s death toll in the U.S. from Hurricane Ida stands at 67 in a surprising twist where the worst calamity was not at the point of landfall but days later and hundreds of miles away. …
A first of its kind flood prevention system in South Florida has been implemented in an area that has been ground zero in the last few years for some of the worst flooding in the state. Meanwhile, …
There’s welcome news this week that will help the insurance industry bring better analytics to bear on flooding and other catastrophic risks. Catastrophe modeling firm AIR Worldwide has announced it is making its …
2020 was a record year of hurricanes, with 12 named Atlantic storms making landfall, resulting in upwards of $65 billion in economic damage. Now AIR Worldwide is out with a new report modeling what we …
The coronavirus has added extra challenges for FEMA and Florida’s emergency managers in planning this year’s Atlantic hurricane season, which officially begins next Monday. How to evacuate and exactly where to shelter while still practicing social distancing …
The Florida Legislature’s budget negotiations over this past weekend included an additional $25 million in state health department funding to fight the spread of both the coronavirus and hepatitis A, for which a public health emergency …
As the old expression goes, “an ounce of prevention is worth a pound of cure.” In the case of flooding and other natural disasters, both FEMA and the IBHS tell us that a dollar of effective mitigation …
Reinsurance renewals for Florida insurance companies are winding to a close and as predicted, rates went up, sometimes significantly. Blame recent hurricanes Irma and Michael but also rising loss costs from Assignment of Benefits …
