Not having coastal flood insurance in Florida is silly; not having coastal flood insurance in Miami is crazy. Miami's antiquated flood-control system was designed more than 60 years ago, before the area exploded with development and became one of America's largest cities. All it will take is one major storm surge from a hurricane to [...]
As we approach the one-year mark when Super Storm Sandy ripped its way across entire communities on the East Coast pummeling houses and businesses, there are many lessons to be learned. Many businesses are still reeling from the effects of Sandy and are not back to their normal levels of revenue before the storm hit. [...]
Hurricane Sandy was the most recent example of the devastating havoc Mother Nature can wreak on coastal communities. But that isn’t stopping people from moving along the shore and building from taking place. In fact, recent estimates from the National Oceanic and Atmospheric Administration (NOAA) and the U.S. Census Bureau shows that our already-crowded coast will see population grow [...]
Towers Watson, a global professional services company, recently released its latest Commercial Lines Insurance Pricing Survey (CLIPS), indicating that insurance prices rose by almost 7% in aggregate during the fourth quarter of 2012. This marks the eighth consecutive quarter of price increases and the fourth showing increases across every line surveyed. Workers Compensation and Employment [...]
We’ve been talking a lot about Sandy and the residual effects of the hurricane that hit the Northeast last October. And in the coming months we’ll continue to do so as different issues continue to arise, putting insurance in the spotlight as businesses and residents learn about what is and isn’t covered during the claim process. One of the [...]
