The 2020 Atlantic hurricane season activity is projected to be “extremely active,” according to Triple-I non-resident scholar Dr. Phil Klotzbach. Dr. Klotzbach, an atmospheric scientist at Colorado State University (CSU), and his team project that the 2020 Atlantic hurricane season will have 24 named storms—up from 20 in the previous forecast. Video: Updated 2020 Forecast
In the event of a fire or other disaster, would you be able to remember all your possessions? Having an up-to-date home inventory will help you get your insurance claim settled faster, verify losses for your income tax return and help you purchase the correct amount of insurance. Here's how to create one. Triple-I Video: Hurricane insurance guide
2020 first-quarter data in comparison to both the previous quarter and the first quarters of prior years, gave little hint of the shock that was to follow in 2020’s second quarter. Indeed, for the property/casualty insurance industry, the first quarter of 2020 generally went well.
SPREAD OF RISK- The selling of insurance in multiple areas to multiple policyholders to minimize the danger that all policyholders will have losses at the same time. Companies are more likely to insure perils that offer a good spread of risk. Flood insurance is an example of a poor spread of risk because the people most likely to buy it are the people close to rivers and other bodies of water that flood. (See Adverse selection )
TRANSPARENCY- A term used to explain the way information on financial matters, such as financial reports and actions of companies or markets, are communicated so that they are easily understood and frank.See Full Glossary
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For immediate release Florida Press Office: 904-806-7813, firstname.lastname@example.org SAINT JOHNS, Fla., July 31, 2020 – Hurricane Isaias is expected to become a strong Category 1 storm as it approaches South Florida on Saturday and has the potential to cause property damage and flooding… Read More