Although our focus is what risk managers need to do for property loss recovery, adjusters and claim operations need to prepare as well, especially in cases of Katrina-scale calamities.
Katrina was a nightmare. Unfortunate risk managers and property owners in the hurricane's wake were schooled firsthand in the art of property loss recovery.
The hurricanes of the last two seasons are strong warnings of the increasing threat that climate change represents to insurers and their customers, according to a recent report by Ceres.
The four hurricanes that devastated much of Florida last year were well covered by the news media, but the storm of controversy that followed has been largely ignored.
Although the number of displaced people from this season's hurricanes is staggering, one of the main costs facing insurers is business interruption claims.
The National Flood Insurance Program has announced that it will modify the way that it settles claims in order to expedite the response to policyholders in storm-stricken areas.
Claims News Service, Oct. 24, 3:30 p.m. EDT -- In a press release today, catastrophe risk modeling company AIR Worldwide Corporation estimated U.S. insured losses from Hurricane Wilma at $6 billion to
Claims News Service, Oct. 24, 8:50 a.m. EDT -- Hurricane Wilma has made US landfall close to Cape Romano in Collier County, Florida, packing sustained winds of around 120 miles per hour, according to