Catastrophe modeler Risk Management Solutions says indications are its latest hurricane modelwhich rattled the industrys perception of possible losses when it was released in 2011has thus far performed well following Superstorm Sandy.
Catastrophe modeler Risk Management Solutions says indications are its latest hurricane modelwhich rattled the industrys perception of possible losses when it was released in 2011has thus far performed well following Superstorm Sandy.
Friday marks the end of an Atlantic-Caribbean hurricane season where the greatest devastation was caused by water rather than wind, U.S. National Hurricane Center Director Rick Knabb said. Accordingly, the center is ramping up efforts to develop new warnings that better convey the threat from the deadly storm surge pushed...
While catastrophe modelers are still revising their insured-loss estimates for Superstorm Sandy, one thing looks certain: It will rank among the costliest U.S. hurricanes ever.
Business Interruption and Contingent Business Interruption (CBI) claims loom as large issues following Superstorm Sandy, as thousands of businesses of all sizes deal with flooding, physical damage, power outages, government orders and supply-chain disruptions.