California lawmakers are attempting to improve natural disaster preparedness and response

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The state has been plagued by different types of catastrophe over the last few months. The catastrophes in California over the last few months have been fatal to dozens of people, spurring natural disaster preparedness efforts among state lawmakers. Emergencies have been widespread and frequent, revealing a need to improve readiness and response strategies. Governor Jerry Brown and state lawmakers are seeking to change state regulations to improve disaster response. The various factors to be included in the state national disaster preparedness changes will include the emergency alert systems, insurance…

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Northern California wildfires break $9 billion in insurance claims

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The fires that torched their way through the state’s wine country in October have broken fire records. The Northern California wildfires from October have already generated an incredible $9 billion in insurance claims. This has easily left the previous wildfire insurance claim records well behind. The October blaze is now the most expensive single fire in the history of the United States. California Insurance Commissioner Dave Jones does not think that total will rise much further for those Northern California wildfires. The $9 billion figure represents the total insurance claims…

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Paramedic insurance coverage is broadening its importance in the United States

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Experts predict that this type of policy will becoming increasingly necessary, particularly for disaster scenarios. Paramedic insurance coverage is a growing industry and experts predict that this growth will only continue to head upward. This includes in cases of U.S. disasters. In fact, the extreme weather events have been among the driving forces in insurance policies for paramedics. The many different extreme weather events and natural disasters in the United States this year have led to a rising interest in paramedic insurance. That type of coverage has already seen growth…

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Insurance workforce required to maintain on-call status throughout extreme weather

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Teams of employees in the industry find themselves in on-demand positions with hurricanes, storms, and wildfires. Throughout this active season of hurricanes, heavy storms, wildfires and earthquakes, the insurance workforce has been maintaining a steady on-call status. Historic flooding, rainfall, winds and tremors have left billions upon billions of dollars in property damaged or annihilated. Homes, businesses, vehicles, equipment and products have been destroyed by active extreme weather. Hurricane Harvey, Hurricane Irma, the and the wildfires across the American west have left devastation behind, as Mexico experienced an earthquake more…

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California insurance industry warned of “significant risk” from Oroville Dam

California insurance industry - flood program

Concern over the dangers presented from the 770 foot structure’s damaged spillway has not disappeared. The next rainy season is only months away and the California insurance industry faces a “significant risk” from the Oroville Dam and its damaged spillway. Experts are cautioning the industry, residents of the region and pretty much anyone else who will listen about that the next time the waters rise could end far worse than the last time. Raging waters last month caused America’s tallest dam to experience critical damage. That damage has yet to…

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Thousands without Louisiana flood insurance risk financial devastation

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Uninsured residents may face overwhelming losses as a result of the rising floodwaters in the state. Thousands of people who don’t have Louisiana flood insurance are now risking considerable financial losses. While they aren’t without any assistance, the lack of coverage will mean significant out of pocket expenses. Many of the people whose houses are underwater have never had the slightest problem with flooding before. FEMA and other organizations will be prepared to provide a certain amount of assistance to the uninsured. These organizations are designed to help people such…

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Insurance industry won’t hurt too much from Cyclone Phailin

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It is believed that the losses will be less than an estimated $1.6 million, possibly much less. On Saturday, Cyclone Phailin smashed its way through Odisha and Andhra Pradesh in India, following a massive evacuation of the area, leaving the world and the insurance industry to wonder what would be left behind. Officials are now saying that there may not be very large losses for insurers to have to face. According to those officials from the insurance industry, the largest amounts of destruction were sustained by “kuchcha houses” (which are…

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Massive Wildfire Burns More Than 140,000 Acres of Yosemite Wilderness

According to catastrophe modeling firm AIR Worldwide, a massive wildfire that started just over a week ago is currently racing along the remote northwest corner of Yosemite National Park. Dry, warm conditions and winds gusts between 15 to 30 mph are fueling the blaze, which is currently at 7% containment. The fire has already consumed more than 225 square miles of Yosemite’s wilderness-known to be some of the most beautiful in the world-and is threatening two groves of California’s iconic sequoia trees. According to the U.S. Forest Service, the fire…

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Colorado Wildfire Doubles in Size; Thousands Are Evacuated

According to catastrophe modeling firm AIR Worldwide, earlier this week, wildfires-exacerbated by unseasonably warm temperatures and windy conditions- broke out in the forested terrain of southern Colorado. In fact, Colorado Springs hit 98° on June 10, setting a record for this early in the year. According to the El Paso County Sheriff’s office, as of June 14, 2013, at least four wildfires are currently active across the state. “The largest of the blazes, the Black Forest fire, doubled in size from Wednesday to Thursday, growing to 15,700 acres (25 square…

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M6.2 Earthquake Strikes Taiwan Late Sunday Night: AIR Worldwide

According to catastrophe modeling firm AIR Worldwide, a magnitude 6.2 earthquake struck central Taiwan Sunday night June 2, 2013, at 9:43 p.m. local time (13:43 UTC), in a sparsely populated region of Nantou County just seven kilometers (4.3 miles) northeast of a similar rupture only two months ago (M6.0 on March 27). The epicenter of the Sunday night quake was located at 23.794oN, 121.082oE, by the United States Geological Survey and estimated to be at a depth of 20 km. AIR does not expect significant insured losses from this event…

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