El Niño gets a lot ofpublicity in relation to major storms, such as Hurricane Patriciaor severe blizzards, but it can have an impact on day-to-dayweather as well, explains Elaine Montgomery-Baisden, vice presidentand chief underwriting officer, Personal Insurance, forTravelers.
What is “El Niño”? The National Oceanic and AtmosphericAdministration defines it as a weather pattern characterized byunusually warm ocean temperatures in the Equatorial Pacific. ElNiño is credited (or blamed) for increased rainfall across thesouthern tier of the U.S., which has caused destructive flooding,and for drought in the West Pacific.
Jim Gustin, property technical director for Travelers RiskControl Department, who is a civil engineer by education and fireprotection engineer by craft, says that from a risk-controlstandpoint, all of the predictions about El Niño lasting into thespring of 2016 give insurance agents the opportunity to talk toclients about storm preparations and property coverage.
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Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
