Two Landfalls by Hurricane Isaac cause Severe Flooding in Louisiana: AIR

hurricane isaac

BOSTON, Aug. 29, 2012 – According to catastrophe modeling firm AIR Worldwide, by 7:00 AM CDT this morning (8:00 AM EDT), Isaac had made two separate landfalls, both as a Category 1 hurricane. The first occurred on August 28 at low-lying Plaquemines Parish, Louisiana, at around 7:45 PM CDT. Instead of continuing inland as expected, the storm veered sharply to the southwest and re-emerged over the water, which allowed it to maintain its strength. It then made a second landfall this morning just west of Port Fourchon, Louisiana, at around…

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Hurricane Isaac on Course for Louisiana Landfall

Hurricane insurance Isaac 2012

BOSTON, Aug. 28, 2012 – According to catastrophe modeling firm AIR Worldwide, Isaac has finally reached hurricane strength. Isaac is a large tropical cyclone with maximum sustained winds of about 75 mph. It is located about 75 miles south-southeast of the mouth of the Mississippi River-a region that could benefit from the rain, as the prolonged hydrological drought this year has caused the river to drop to historic lows and ground cargo ships. Isaac is also about 160 miles to the south-southeast of New Orleans, and is moving slowly northwestward…

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Hurricane Isaac may make its way to Mississippi

Tropical storm Isaac

Isaac matures into a hurricane and Mississippi prepares for storm’s arrival Tropical Storm Isaac has matured into a full-fledged hurricane as it made landfall in Florida early Monday. According to Florida’s Citizens Property Insurance, more than 300 claims have been generated by the storm already, with many more expected in the coming days. Isaac’s path is expected to continue well beyond Florida, reaching as far as Mississippi, where that state’s Department of Insurance is taking the time to remind homeowners to take caution before evacuating their property if such action…

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Citizens Insurance may be reaching the end of lengthy legal battle

Hurricane Katrina insurance industry

Long-standing litigation could be nearing resolution Louisiana’s Citizens Property Insurance is in the throes of litigation due to the actions it had taken in 2005 during Hurricanes Katrina and Rita. A total of 18,573 plaintiffs filed a lawsuit against the state-run insurance company, claiming that it did not properly follow its own claims policies in the wake of the catastrophic hurricanes. The lawsuit has been tied up in the legal process for several years, but the issue may be close to reaching a resolution. Plaintiffs could receive some $3,000 by…

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FEMA to distribute waiver to Katrina victims that will absolve their debt

It has been nearly 7 years since Hurricane Katrina slammed into the U.S., leaving utter destruction in its wake. Those affected by the merciless storm have been laboring to recover since, but staggering debt has made recovery a lengthy process. Though some progress has been made in the past several years, victims still owe a total of $385 million to insurance companies and government agencies like FEMA. Ironically, the money was awarded to Katrina victims as the result of error on FEMA’s part. The agency had plans to recover this…

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