Millions fled the Gulf Coast in fear of Hurricane Gustav, billed as the apocalyptic “mother of all storms.” It didn’t deliver. Now, with three other storms lining up in the Atlantic, some fear people might not listen next time. New …
Both Standard & Poor’s and A.M. Best have given high ratings to Zurich’s latest debt issue. S&P said it has “assigned its ‘A+’ long-term senior unsecured debt rating to the proposed Swiss franc (CHF) 800 million [$720 million] dual-tranche fixed-rate …
A task force created to assess damage from this year’s flooding and make recommendations for recovery released a report on Tuesday, September 2, that called for expanded housing programs for flood victims and financial assistance for businesses wanting to rebuild. …
The Tennessee Department of Safety says preliminary reports show eight deaths in Tennessee traffic accidents over the long Labor Day weekend, down from 17 a year ago. There were six fatal crashes, and three of the victims were motorcyclists. This …
Carroll County, Indiana has obtained a grant to install flood warning sirens along the Tippecanoe River, thanks to the help of an American Indian tribe that applied to the federal government for the grant. County Emergency Management Director Dave McDowell …
Residential and commercial damages from Hurricane Gustav will trigger an estimated $4 billion to $10 billion in insurance claims, a third of which could affect the energy industry. While Gustav’s force paled in comparison to Hurricane Katrina, which cost insurers …
Allstate established 14 mobile response units in Louisiana, Mississippi, Alabama and Texas to help its policyholders affected by Hurricane Gustav begin the claims process. The self-contained units are staffed with members of the Allstate national catastrophe team to serve policyholders …
The Alabama Insurance Underwriting Association, a.k.a. the Beach Pool, released a progress report on a series of coastal insurance recommendations made by a state task force following Hurricane Ivan in 2004. The 20-member hurricane insurance issues task force released its …
Hurricane Ike strengthened rapidly into a fiercely dangerous Category 4 hurricane in the open Atlantic Wednesday and Tropical Storm Hanna intensified to a lesser degree as it swirled over the Bahamas toward the southeast U.S. Coast. Ike posed no immediate …
North Carolina Gov. Mike Easley activated the N.C. National Guard and other state resources to be ready to respond to Tropical Storm Hanna, which is expected to affect the state on Friday and Saturday. Up to 270 members of the …