The Senate passed a $36.5 billion emergency aid measure Tuesday to refill disaster accounts, provide a much-needed cash infusion to Puerto Rico, and bail out the federal flood insurance program. The 82-17 vote sends the measure to the White House, …
Spring dumped so much rain on the U.S. that most of the country is drought-free for the first time in decades. But in parched Florida and Georgia, wildfires have destroyed hundreds of thousands of acres of forests and pastureland. There’s …
There’s something a little off about Alex. The hurricane developed in the Atlantic Ocean in January, getting the 2016 storm season, which officially began June 1, off to an early start. Or did it? “One could make the case that …
A large catastrophic hurricane in 2016 would likely promote a shift towards positive pricing movement following years of property insurance pricing declines in the U.S. property/casualty market, according to Fitch Ratings’ 2016 annual hurricane season reference report. However, abundant available …
The majority of Florida’s homeowner specialist insurers have brief histories, and their ability to manage a large catastrophic hurricane is uncertain despite recent strong performance, according to a new report from Fitch Ratings. The last hurricane to make landfall in …
Slightly warmer tropics and a Lack of El Nino will result in more tropical storm activity this year, according to The Weather Company, an IBM Business. The company’s first tropical forecast for the 2016 season predicts 14 named storms, eight …
WMO’s Hurricane Committee announced that it will no longer use the names Erika and Joaquin for future tropical storms or hurricanes in the Atlantic, and the name Patricia will no longer be used in the eastern North Pacific. The three …
Thanks to an arcane state law, Florida could enter hurricane season with no one firmly in charge of the state agency responsible for regulating the state’s at-times fragile insurance industry. The reason? The two Republican elected officials responsible for picking …
For a few minutes last Wednesday, there weren’t any hurricanes, cyclones, typhoons or tropical storms anywhere in the world. The respite didn’t last long. Thursday morning, the U.S. Navy and Air Force’s Joint Typhoon Warning Center, along with the Indian …
The Property Casualty Insurers Association of America (PCI) is remembering the lives lost and those who were significantly impacted by the aftermath of Hurricane Dennis nearly 10 years ago this week. Hurricane Dennis known for intense winds and storm surge …