Catastrophe & Restoration

Third-quarter insured catastrophe losses for 2007 reached their lowest levels in five years, due largely to relatively few large-scale events.

The American Insurance Association (AIA) recently gave testimony before the North Carolina Building Code Council to request stricter construction standards for coastal areas exposed to hurricane-force winds.

It's inevitable that catastrophe adjusters will experience psychological and emotional stress from their jobs.

Last month, the National Hurricane Center reported that Hurricane Humberto made landfall near the Louisiana and Texas border on Sept. 13, 2007.

A hailstorm in northern Ohio has caused extensive damage to vehicles and homes, resulting in thousands of insurance claims being filed.

An appeal court's ruling last month resulted in a major victory for insurance companies, who could have been on the hook for billions of dollars in flood claims that resulted from the levee breaches.