Tag: hurricane insurance

Importance of hurricane insurance and preparedness underscored by NOAA predictions

H. Cutner
Hurricane season 2012

Official storm season forecasts include eight Atlantic hurricanes. The National Oceanic and Atmospheric Administration (NOAA) has released its predictions for the 2012 storm season, drawing attention to the importance of preparedness and proper coverage through hurricane insurance. The NOAA’s report says that there will be from four to eight hurricanes this year. It explained that these severe weather events will fall in among the nine to fifteen named storms that have a 70 percent chance of occurring before the season is up. Furthermore, among the hurricanes, up to three will…

Read More

Colorado State University releases revisions to 2012 hurricane season forecast

S.Vagus
Disability Insurance

Preliminary forecast predicted calmer season this year Hurricane season 2012 has arrived, bringing with it heightened concerns of strong natural disasters spawning in the Atlantic Ocean. In the U.S., the insurance industry may be prepared to weather yet another year of powerful storms, but insurers are holding onto hope for a calmer season than what they had seen in the past. Researchers from Colorado State University released a forecast concerning the activity of this year’s hurricane season in April, predicting that there would be no more than 10 tropical storms,…

Read More

Fitch Ratings weighs in on 2012 hurricane season and U.S. insurance industry

S.Vagus
2017 atlantic hurricane season Insurance industry

Hurricane season approaches, insurers still weary of disasters Atlantic hurricane season is scheduled to begin June 1 this year, a fact that has caused some concern in the U.S. insurance industry. Previous hurricane seasons have spawn devastating storms that have caused high levels of damage in many parts of the country. Last year, an active hurricane season played a supporting role in making 2011 the most disastrous year in recent history. Insurers have been weary of a repeat of last years’ season, latching onto reports suggesting that this year may…

Read More

New law in Rhode Island aims to protect consumers and insurers from hurricanes

S.Vagus
Hurricane Irene

Legislators pass new law ahead of hurricane season New legislation has been signed into law in Rhode Island by Governor Lincoln Chafee and will provide homeowners with additional protection from hurricanes. Last year, homes throughout the state suffered damages caused by Hurricane Irene. The state was able to recover from the natural disaster, but legislators took note of what they considered to be problems in Rhode Island’s insurance system. The legislation aims to solve these problems and improve the state’s defenses against future hurricanes. Homeowners to be protected against consecutive…

Read More

Homeowners’ insurance rates increase as a result of last year’s tornadoes

The tornadoes that struck Joplin, Missouri, and other areas in 2011 will now be increasing the homeowners insurance rates as a whole, regardless of whether or not the area was influenced by any wind storms last year. According to data from the Missouri Department of Insurance, the rates for homeowners insurance in that state will be increasing by just over 5 percent. At the same time, state insurance officials in Illinois – an area also impacted by storms last year – have yet to provide any estimates as to how…

Read More