The National Disaster Preparedness Training Center at the University of Hawaii in Honolulu has been awarded nearly $5 million by the U.S. Department of Homeland Security. The center provides disaster training to ensure island communities throughout the Pacific are ready …
Standard & Poor’s Ratings Services has placed its ‘BBB’ counterparty credit rating on Bermuda-based IPC Holdings Ltd. on CreditWatch with negative implications. S&P also placed its ‘A-‘ counterparty credit and financial strength ratings on IPCRe Ltd. and its ‘A-‘ financial …
Law enforcement officials are gearing up for hurricane season by practicing lane reversals for highways leading to the South Carolina coast. There were no actual lane reversals during last Thursday’s all-day exercise, although law enforcement personnel were deployed to areas …
Trying to make the best of a bad situation, federal officials might use foreclosed homes as temporary housing for hurricane evacuees in Florida as soon as this summer. The proposal would keep people close to their homes and communities instead …
The value of the global weather risk market plunged more than 50 percent in the last year, paralleling the downturn in global markets, according to a trade association survey released Wednesday. The survey, conducted by PricewaterhouseCoopers for the Weather Risk …
The Florida Department of Financial Services has developed an online Insurance Library to provide Floridians with on financial and insurance issues. The Insurance Library also has information to assist citizens as they prepare for the hurricane season, which begins June …
Mike Manikchand points toward his neighbors in Lehigh Acres — a half-dozen empty, foreclosed-upon homes, sitting on weed-strewn yards — and he wonders: What will happen if a hurricane slams into southwest Florida this year? His simple answer: “A lot …
The sour economy might force more people to seek government help evacuating coastal Louisiana ahead of a hurricane this year, officials said this week. Louisiana is planning for some 50,000 people needing to leave on government-secured buses, trains or planes …
The 2009 Atlantic hurricane season will be fairly average with as many as seven hurricanes expected to form, U.S. government forecasters predicted Thursday. The National Oceanic and Atmospheric Administration forecast nine to 14 named storms this season, with four to …
Fitch Ratings agency is advising that the Florida property insurance market is “fragile” and remains a “peak risk zone.” The Florida assessment is included in a Fitch report for investors right before the 2009 hurricane season starts and right after …