Tag: bermuda

Tropical Storm Gabrielle Buffets Bermuda, First Hurricane of 2013 Season Forms: AIR

Guest Author
Windstorm Insurance

BOSTON, Sept. 11, 2013 – According to catastrophe modeling firm AIR Worldwide, one day after regenerating into a tropical storm after fizzling in the Caribbean last week, Gabrielle’s center came within 65 km (40 miles) west-southwest of Bermuda this morning. As of the National Hurricane Center’s (NHC) 11 a.m. AST advisory today, Gabrielle was about 90 km (55 miles) west of Bermuda and has moved little over the past few hours. “The storm’s maximum sustained winds weakened to 80 km/h (50 mph), although tropical storm force wind gusts could continue…

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Texas Windstorm Insurance Association may find new allies

Marc
Windstorm Insurance

Texas Windstorm Insurance Association attracting global attention The Texas Windstorm Insurance Association, a state-run insurance group that provide coverage for wind damage primarily to properties in coastal areas of the state, has been experiencing financial troubles recently. Financial challenges are nothing new to state-run insurance groups, as many of them offer coverage that is much more affordable than that offered by private insurance companies. Texas Insurance Commissioner Eleanor Kitzman, who is in charge of the state-run insurance group, has been traveling around the world in order to address the issues…

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