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New York Vulnerable To Rare 'Northern Hurricanes'
Delegates at the World Insurance Forum in Dubai were told that New York City and its surrounding area are highly vulnerable to a rare form...
PIA President Page Meets With Former FEMA Director James Lee Witt
PIA National President Robert Page along with Bill McGraw, Co-chair of the PIA National Natural Catastrophe Working Group, met on May 12 with James Lee...
Mississippi Supreme Court Agrees to Hear Wind vs Water Case
The Mississippi Supreme Court has agreed to hear Corban vs. USAA, a Hurricane Katrina case that will resolve the dispute in Mississippi over how wind...
This Is Hurricane Preparedness Week
The National Hurricane Center and the National Weather Service have funded a program to promote Hurricane Preparedness Week, May 25th through May 31st. They...
Obama Backs National Cat Fund, McCain Opposes
Democratic presidential candidate Barack Obama has endorsed the concept of a proposed national catastrophe fund. In an interview with the Palm Beach Post, Sen. ...
FEMA Says No More Ice for Hurricane Victims
Federal Emergency Management Agency Administrator R. David Paulison, who took over after the devastating 2005 season that ravaged New Orleans, said his agency ...
PIA Hurricane Flyer Updated for 2008
With the June 1 start of the Atlantic hurricane season, PIA has issued its updated flyer of hurricane tips for consumers. The flyer advises consumers...
NAIC Study Finds Nearly Half of Americans Unprepared for Disasters
As the nation braces for the hurricanes, wildfires, tornadoes and floods that accompany the spring and summer disaster season, nearly half of U.S. consumers ...
Forecasters Predict Busy 2008 Hurricane Season
The 2008 Atlantic hurricane season which began June 1 will be fairly active with six to nine hurricanes, five of which may become major storms,...
Natural Catastrophe Fund Becomes Issue in Presidential Campaign
Democratic presidential nominee-apparent Sen. Barack Obama (D-Ill.) is using the issue of a national catastrophe fund to attack Republican nominee-apparent ...
Lightening Sparks Hundreds of Fires in Northern California
Wildfires currently threaten hundreds of homes in Northern California's wine country and the surrounding region, although home and business owners in some ...
Will Your Business Be Protected When Disaster Strikes?
The Federal Emergency Management Agency (FEMA) estimates that 40 percent of small businesses wouldn't reopen after a disaster. Should disaster strike your ...
Property Insurers Facing Rising Catastrophe Losses
According to the property claims services division of the Insurance Services Office (ISO), U.S. property insurers have received more than one million claims ...
Damage From Hurricane Dolly May Reach $750 Million
Catastrophe risk specialist RMS says the insurance bill for damage from Hurricane Dolly, which hit Southwest Texas on July 23, may go as high as...
Hurricane Forecasters Revise Their Predictions Upward
The National Oceanic and Atmospheric Administration (NOAA) has upped its forecast for this year's Atlantic hurricane season, adding two more named storms to ...
McCain Opposes National Cat Fund
Republican presidential nominee-apparent John McCain has reiterated his opposition to the national "cat fund" bill that passed the U.S. House last year. The ...
Campaigns Set Politics Aside in Wake Of Hurricane Gustav
In the wake of Hurricane Gustav, both presidential campaigns put politics on hold and urged Americans to contribute to relief efforts. Sen. John McCain and...
PIA National President Robert Page Survives Gustav at Ground Zero in Houma. La.
PIA National President Robert Page is an agency owner in Houma, Louisiana - ground zero for Hurricane Gustav's landfall. Good news: Robert and...
Early Estimates Say Gustav Insured Losses Could Top $10 Billion
Hurricane Gustav could cost insurers up to $10 billion, according to early catastrophe loss estimates. The top damage estimates include losses from oil and ...
GOP Platform Adds a Cat Policy Plank
The Republican Party adopted language in their platform calling for a "natural disaster insurance policy." The plank was added during the Republican convention ...
PIA Nat-Cat Working Group Sends Letters to NAIC, NCOIL
The PIA National Natural Catastrophe Working Group has written to the National Association of Insurance Commissioners (NAIC) and the National Conference of ...
Federal Agency Fights Building Code Born of 9/11
The General Services Administration (GSA), the federal government's property manager, has joined the nation's largest property owners in opposing the stricter ...
Insured Damage Estimates From Ike Range From $6 Billion to $18 Billion
Estimates of insured damage from Hurricane Ike vary widely - from $6 billion to $18 billion, according to several catastrophe risk modeling firms, but Texas...
Industry Sees Need for Government Help for Very Big Catastrophes
A poll of nearly 600 industry participants conducted by A.M. Best found that most believe the private insurance market would be stressed to handle events...
FEMA Paints Dire Picture if Big Quake Hits Midwest
The Federal Emergency Management Agency (FEMA) has released a new study that predicts that should a magnitude 7.7 earthquake erupt along the New Madrid ...
Debate Continues on Natural Catastrophe Program
A coalition of disaster experts is calling on Congress to quickly approve a national catastrophe insurance program. The experts said that a bill approved by...
2008 Hurricane Season Was Costly, Set Records
The 2008 Atlantic hurricane season ended on December 1. The season, which set at least five weather records, lacked one big monster hurricane, but six...
Three Major Hurricanes Predicted for 2009 Season
Insurers should get ready for an active hurricane season in 2009. Forecasters William Gray and Phil Klotzbach of Colorado State University are predicting 14 ...
Payouts From Disasters Rise 50% in 2008
On December 29 Munich Re released an annual review showing insurers' losses from natural disasters increased by approximately 50 percent in 2008. The higher...
Tornado Tips Issued as Peak Twister Season Approaches
The 2009 tornado season is off to a fast start. February tornadoes in Oklahoma killed nine people and prompted the declaration of a federal disaster...