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 Kittens 20060423-05
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I remember one of the thoughts I had as New Orleans flooded after Katrina was “the lawsuits from this are going to go on for years”. The New York Times has a taste of that this weekend, looking at some Katrina aftermath in the hospital med mal arena: The LaCoste trial is set to begin on [...]
I occasionally have a perverse fascination with wondering about what sorts of bad things can happen. Perhaps that’s part of the reason I enjoy working in property & casualty insurance – the need to be prepared for extreme badness tends to color our pricing and underwriting. So, it’s probably unsurprising that I found this article at [...] 
I’m taking this opportunity to repost a comment I made at The Moderate Voice. This morning, TMV featured a post discussing some Republicans’ bristling over an apparent lack of FEMA response to the Kentucky ice storm. It concludes: Given the nature of many Democrats’ response to George W. Bush and “heckofajob Brownie” following Katrina, we shouldn’t be [...] 
Seen at the Biloxi Sun-Herald: Rep. Gene Taylor’s relentless two-year campaign to secure wind coverage as part of the federal flood insurance program is on the verge of failure, a victim of vicious opposition in the Senate, of suspicions about a new government program and ultimately, of bad timing. "It looks like there will be an extension [...] 
Seen on the newswire: Hurricane Ike, which blasted the densely populated Texas coast and swept through Houston on Saturday, could trigger insurance claims between $8 billion and $18 billion, according to early estimates of the damage. Tom Larsen, a senior vice-president with EQECAT Inc, which helps insurers model catastrophe risk, told Reuters that from data he had [...]
When was the last time you saw a radar image of the eye of a hurricane brushing a major city?
Seen in the Houston Chronicle: As of 4pm today Channel 11, KHOU TV/DT is broadcasting on XM Radio’s Emergency Alert Channel 247. You do not need to be a subscriber. The Emergency Alert channel is on all XM Radio equipped cars. We are working now to set up DTV Channel 361 to take our signal. As soon [...]
Ugh: The threat of a major hurricane gong that close to Houston, which hasn’t seen a major hurricane in several years (Allison, which flooded much of the city, was just a tropical storm) is ominous. Even more troubling…consider the following forecast map: That sort of a wind field reminds me of Hugo, which made landfall near [...]
It’s nice to see some sanity returning to cat treaty pricing (assuming no mega-catastrophes), especially as those of us at primary insurers head into “planning season”. Quoting Business Insurance: Catastrophe reinsurance rates have dropped an average of 10% in 2008 compared with a 6% decline in 2007, according to a report released Monday by Guy Carpenter [...]
Although I’m happy to see that Ike is forecasted to avoid Miami (and it’s high concentration of insured property)…well doesn’t the latest forecast for Ike look a little familiar?
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