Live Insurance News

Hurricane Isaac may make its way to Mississippi

August 28, 2012 S.Vagus

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…

Tropical Storm Isaac Heads for the Louisiana Coastline; Intensification Is Expected

August 27, 2012 Guest Author

BOSTON, August 27, 2012 – According to catastrophe modeling firm AIR Worldwide, Tropical Storm Isaac has passed through the Florida Keys-where it delivered wind and rain yesterday, but caused little damage-and moved into the Gulf of Mexico; the storm is currently about 360 miles southeast of the mouth of the Mississippi River, moving west-northwest at 14 mph. Isaac’s forward speed has decreased since yesterday, while its maximum sustained winds-at 65 mph-have remained constant. “Data from Hurricane Hunter aircraft indicate that Isaac has not strengthened since yesterday, possibly because the storm…

Tropical Storm Debby, Stalled in the Gulf of Mexico, Threatens Florida

June 25, 2012 Guest Author

BOSTON, June 25, 2012 – According to catastrophe modeling firm AIR Worldwide, Tropical Storm Debby is the fourth named storm of the 2012 Atlantic hurricane season, currently has maximum sustained winds of 50 miles per hour and a minimum central pressure of 993 millibars, making it a weak tropical storm on the Saffir-Simpson Hurricane Wind Scale. Debby was about 105 miles south of Panama City (population 36,484), as of the National Hurricane Center’s (NHC) 7:00 am advisory today. The center is currently stationary in the Gulf of Mexico, and Debby…

Carlotta Makes Landfall and Dissipates over Mexico’s Mountainous Terrain

June 17, 2012 Guest Author

Insurance News – Primary Threat from Flooding and Landslides: AIR BOSTON, June 17, 2012 – According to catastrophe modeling firm AIR Worldwide, Hurricane Carlotta came onshore Friday night as a Category 1 storm near the Oaxacan town of Puerto Escondido (est. pop. 26,000 in 2010), about 200 miles southeast of Acapulco. According to the National Hurricane Center (NHC), maximum sustained winds were 90 mph at landfall. Given the currently available information, AIR does not expect significant insured losses from Carlotta, the third named storm of the Pacific hurricane season. “Carlotta was…

Tips for getting your home ready for the upcoming spring storms

March 24, 2012April 30, 2013

The spring storms are on their way, and if there’s anything that could be learned from the record breaking natural events that occurred last year, it was that it’s very important to be prepared for their arrival. Though there’s nothing that you can do to stop the storms, there are a few precautions that you can take to give you some peace of mind when the big storm strikes. As a reminder, Spring Severe Weather Awareness Week is running from March 25 to March 30, spreading the word about the…

“Superstorm” strikes Alaska – Severe damage from wind and floods expected by insurers

November 10, 2011November 10, 2011 Marc

The National Weather Service has issued a warning to Alaska for what it is calling “The Bering Sea Superstorm” The storm made landfall in the Western parts of the state earlier today, bringing powerful waves and hurricane-force winds. The National Weather Service fears that the storm may cause extensive damage to coastal properties as well as power outages throughout the state. Alaska’s insurance industry will likely be busy for the remainder of the year as it attempts to recover from the event. According to the NWS, winds of 89mph and…

Hurricane Rina Continues to Intensify, Yucatan Landfall Expected Later This Week

October 26, 2011 Guest Author

BOSTON, Oct. 25, 2011 – According to catastrophe modeling firm AIR Worldwide, Hurricane Rina, the 17th named storm and the 6th hurricane of the 2011 Atlantic hurricane season, is on course toward the resort-lined coast of Mexico’s Yucatan Peninsula. The Category 2 storm has caused widespread disruption to cruise itineraries in the Caribbean, and the Mexican government has issued a hurricane warning for the east coast of the Yucatan Peninsula from Punta Gruesa to Cancun. Officials have initiated widespread storm preparations. Rina is not expected to affect oil and gas…