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Disasters + Preparedness How to prepare for the storm

Hurricanes and tropical storms can cause severe damage. Being prepared can help you, your family or your business minimize the impact of the storm. The best way time to start is before the threat is imminent. Here's what you need to know. Tropical Storm Fay is the earliest sixth Atlantic named storm formation on record

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Catastrophes Facts + Statistics: Hurricanes

The Atlantic Coast, the Gulf of Mexico and the Hawaiian Islands are home to the U.S. counties most vulnerable to hurricanes. These counties accounted for nearly two-thirds of the nation’s coastline population in 2008, according to the U.S. Bureau of the Census. Of the 11 most hurricane-prone counties, five are in Louisiana, three are in Florida and two are in North Carolina.

FACTS + STATISTICS

Insight + Analysis

Insurance Industry Global Macro And Insurance Outlook

The world’s 10 largest insurance markets are cumulatively expected to see gross domestic product (GDP) decrease by 4.9 percent in 2020 compared to 2019 because of COVID-19. “The most likely outcome for the rest of 2020 is a slow recovery, with multiple false starts and step backs, that does not stabilize until well into 2021,” according to Dr. Michel Léonard, Triple-I vice president and senior economist, author of the report. | Video

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I.I.I. Glossary

INDEMNIFY- Provide financial compensation for losses.

GRAMM-LEACH-BLILEY ACT- Financial services legislation, passed by Congress in 1999, that removed Depression era prohibitions against the combination of commercial banking and investment banking activities. It allows insurance companies, banks and securities firms to engage in each others’ activities and own one another.

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Thought Leadership

I.I.I. News Wire

Tropical Storm Fay’s Heavy Rainfall Could Cause Property Damage; Millions of Americans Vulnerable to Flooding, Says Triple-I

For immediate release New York Press Office: (917) 923-8245; media@iii.org   NEW YORK, July 10, 2020 —Tropical Storm Fay has the potential to cause wind and water-caused property damage today and tomorrow in multiple states on the U.S.’s East Coast, according to the Insurance Information Instit… Read More

Fireworks Pose Wildfire Risk When They are in The Wrong Hands

SACRAMENTO, Calif., July 2, 2020 /PRNewswire/ -- The cancellation of Independence Day professional fireworks programs this year could raise the risk of wildfires as more amateurs undertake their own pyrotechnic shows, according to four organizations who focus on risk mitigation. Read More

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Events Calendar

PAMIC 113th Mid-Atlantic Mutual Advantage Convention
August
09
2020
CANCELLED
Building Innovation 2020 Conference & Expo
August
16
2020
Virtual edition: Website
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