Filed Under:Claims, Catastrophe & Restoration

Irene Could Revive the Wind vs. Water Debate

Flood of Concerns in Storm’s Wake

From the vantage point of many, Irene’s blow was softer than anticipated. Nevertheless, the tropical storm left a trail of broken bodies—24 deaths have been reported—tree limbs, and frayed power lines in its wake, compounding an already record-setting year for catastrophe loss.

Indeed, I.I.I. President Dr. Hartwig’s pre-weekend storm loss projections will likely ring true, as preliminary figures point to between $2 to $3 billion—further inflating the year’s $18 billion in insured damages across the nation.

“Matching issues are quite common when repairing and/or replacing roof shingles,” Barlow said. “Even if only a portion of the roof was directly damaged by the loss event—in this case, say, wind gusts from Irene—restoring the roof to its pre-loss condition may involve replacing other areas so that homeowners are not left with a roof of disjointed shingles.”

Diana Reitz, CPCU, editorial director of business compliance department reference division at the National Underwriter Co., added that the matching issue is of pronounced importance to condominium owners or others subject to rules set forth by a given homeowners’ association.

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