Catastrophe & Restoration

Recently, the insurance community -- and even some restoration firms -- have asserted that a competent restorative drying service should guarantee that structures will be dried within a three-day timeframe.

PEMCO's claim trends show the year-end snowstorms and rapid snowmelt will end up generating a projected 1,305 claims, totaling around $7 million in losses.

You look up and realize in horror that the ball is indeed traveling fast and far ... as it hooks left into the parking lot full of BMWs, Mercedes, and Lincolns.

In recent news, witnesses speculated that a UFO destroyed a wind turbine in the U.K. Naturally this begs the question, "What if a UFO crashed into your house instead?"

The property losses sustained this past year from 37 catastrophes -- the highest frequency in a decade -- will likely cost U.S. P&C insurers billions of dollars.

From Jan. 1, 2008 through Dec. 29, 2008, the U.S. National Weather Service received more than 13,700 reports of hail sightings and 15,166 reports of high or excessive winds.