Live Insurance News

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

August 29, 2012August 30, 2012 Guest Author

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…

Hurricane Isaac on Course for Louisiana Landfall

August 28, 2012 Guest Author

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…

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…

Citizens Insurance considers Manatee policy rate increases

June 20, 2012April 30, 2013

Florida homeowners insurance, Citizens Property

This would mean higher premiums for approximately 1.5 million policyholders in Florida. The Citizens Insurance state run company in Florida is surrounded by controversy, while some feel that it is vital to the state and others are just waiting for the bottom to fall out. The company sells about 1,000 new policies every week, but may be headed toward financial ruin. Many experts are saying that though it is growing very rapidly, this massive insurer could face disaster if even a single major storm makes its way through the state,…

Why you should buy travel insurance for hurricane season 2012

June 19, 2012April 30, 2013

With months of severe storm risks underway, additional coverage can protect against disruptions. Now that the hurricane season 2012 has begun, travel insurance has become much more important as a method of protecting travelers against unforeseen disruptions to their itineraries which would otherwise generate rather costly outcomes. This type of coverage is especially important for areas at a higher risk, such as the Caribbean. Also included on that list are areas such as the Gulf of Mexico, Florida, and other coastal areas off the North American Atlantic. Though many travelers…