Catastrophe & Restoration

Many, if not most, adjusters may feel confident that they rarely will have to deal with serious hazardous material claims.

Although such an apocalyptic event should not be the catalyst inspiring risk managers to dust off their disaster recovery plans, South Asia's recent tsunami underscores the need to ponder and enact such plans.

Both the House and the Senate are considering legislation that would extend the Terrorism Risk Insurance Act of 2002.

I planned on addressing this question this month, but then I came upon Editor Phil Gusman's editorial in his March 14th issue of Insurance Advocate.

How many times has a claim file landed on the desk of an adjuster or defense attorney with little more than one or two mold test reports and a huge bill for remediation that already has been completed?

The Florida Legislature is considering a bill that would establish an annual hurricane deductible for insurers and lower the threshold of losses that an insurer must sustain before recovering monies from the Florida Hurricane Catastrophe Fund.

Hurricane activity in the Atlantic Basin again will be above average this year, according to forecasting teams from North America and the United Kingdom.

The report dissects the human devastation and examines the extent of damage and the economic impact for each country affected by one of the worst natural disasters ever recorded.