Charley, Frances, Ivan, Jeanne, Katrina, Rita, and Wilma.Society at large might wonder if these are the latest American Idolcontestants, or perhaps the newest, most popular names for babies.However, insurance claim professionals correlate these now infamousnames with a group of devastating disasters that occurred over twoconsecutive hurricane seasons. These events justifiably focused theinsurance industry on the issues generated by major hurricanes andthe utter devastation they can cause.
While insurance companies, insureds, and claim professionals arenow better prepared than ever for hurricane-related catastrophes,it may be that our industry has turned a blind eye to earthquakes,their effects, and the unique challenges generated by thisdifferent but perhaps more devastating catastrophe risk. Thequestion is, have we become captives of our most recentconversation?
Just the Facts
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