Category Archives: Disaster Preparedness

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The “Sand Palace”: A Poster-Youngster for Resilience

You most likely keep in mind the “Sand Palace,” the lone home standing after Hurricane Michael made landfall within the Florida panhandle in October. It’s a strong story about one man’s stand in opposition to nature’s damaging energy. However the Sand Palace can be a narrative about insurance coverage. There are usually two elements of insurance coverage.… Read More »

Cell claims models are on the bottom in Panama Metropolis to help insurance coverage prospects impacted by Hurricane Michael

Earlier within the week, Lynne McChristian, our I.I.I. consultant primarily based in Tallahassee, wrote about her  life within the aftermath of Hurricane Michael. At the moment she returns with a follow-up submit.  By Lynne McChristian Tallahassee, FL – We had been six days with out energy; it felt longer. Two back-to-back days of record-breaking October… Read More »

Hurricane Michael’s path of destruction

Our visitor blogger, Lynne McChristian, is an I.I.I. consultant primarily based in Tallahassee, about 100 miles from the place Hurricane Michael got here to shore.  By Lynne McChristian After a significant pure catastrophe, there are numerous ranges of survivor situations – starting from complete devastation to delicate inconvenience. Compared to what individuals are experiencing in… Read More »

Earlier than you signal something, speak to your agent

is that this man legit?Have been you well-prepared for Hurricane Michael? Good. Hurricanes are extraordinarily harmful. However in the event you’re not cautious, what occurs after the storm will be simply as dangerous because the hurricane itself. Beware the shady contractor. It’s a horrible story: somebody’s residence is broken from a hurricane. A contractor exhibits… Read More »

Hurricane Florence – property losses and insurance coverage implications

Roughly 758,657 houses in North Carolina, South Carolina and Virginia with a reconstruction price worth (RCV) of roughly $170.2 billion are at potential danger of storm surge harm from Hurricane Florence, in response to a Corelogic® launch. As we proceed to maintain an in depth watch on Hurricane Florence, we’ve put collectively a listing of… Read More »

Lloyd’s City Risk Index: $546 billion at risk from 22 threats

As the world’s population becomes increasingly concentrated in cities, they become more vulnerable to risk events. To understand the risk, Lloyd’s compiled a City Risk Index, detailing the threat landscape for the world’s leading 279 cities. The index estimates how much economic output ([email protected]) a city could potentially lose due to 22 different threats ranging… Read More »

CoreLogic: 6.9 million homes worth over $1 trillion at risk for storm surge in 2018

Weather experts, including I.I.I. non-resident scholar, Dr. Phil Klotzbach, are predicting a slightly below average hurricane season for 2018, but that does not mean that the dangers of potential storm damage are negligible. CoreLogic, an analytics company, released its annual Storm Surge report on June 5. The report found that along the Gulf and Atlantic… Read More »

The Ellicott City Flood: Rebuilding Begins with Resilience

By Sean Kevelighan, CEO, Insurance Information Institute On May 27, for the second time in three years, Ellicott City, Maryland was ravaged by what meteorologists term a “1,000-year flood”—this while some businesses were still celebrating the one-year anniversary of their reopening after the August 2016 catastrophe. As affected households and businesses assess the damage and… Read More »

Ebola outbreak in the Congo may be eligible for pandemic catastrophe bonds

The unfolding outbreak of the Ebola virus in the Congo may activate pandemic catastrophe bonds, said a recent Artemis blog post. Last year, the World Bank launched a “pandemic bond” to support the Pandemic Emergency Financing Facility (PEF). The cat bonds are designed to payout when an outbreak gets to a stage where emergency aid financing… Read More »