Tag Archives: hurricanes

Video: The Devil is in the Detail: Hurricane Sandy-Related Insurance Claim Issues Beginning to Emerge

by Colleen McCarthy, December 17, 2012 | Posted in weather risk

As Hurricane Sandy-related insurance claims move into the next phase of the adjustment process, several key issues are beginning to emerge.  Continue reading →

Video: Sandy’s Price Tag Keeps Climbing

by Colleen McCarthy, November 15, 2012 | Posted in North America, weather risk

The Wall Street Journal reported today that catastrophe modeling firm Risk Management Solutions is telling clients that insured losses from Hurricane Sandy could reach $25 billion or more, the highest potential estimate reported since the storm struck two weeks ago. Continue reading →

Video: Cleaning Up Environmental Claims After Sandy

by Anthony Wagar, November 13, 2012 | Posted in Environmental Liability, weather risk

There’ll be a lot of complex claim scenarios following the natural disaster named Sandy that struck the heart of America’s most populous region. Among the most complicated will be those that involve the release of hazardous contaminants or pollutants. Continue reading →

How the Property Marketplace is Reacting to Sandy

by Colleen McCarthy, November 9, 2012 | Posted in North America, weather risk

Even before all the lights are back on in the Northeast, Superstorm Sandy is changing our view of the property market.  With recovery and assessment activity underway, claims continue to escalate and the insurance marketplace is reacting. Continue reading →

Now The Storm Has Passed…

by Clare Kerrigan, November 5, 2012 | Posted in North America, Reinsurance

Over the past three days, Willis has been sending teams to the areas in New Jersey hit by Hurricane Sandy. Catastrophe Analysts have been surveying the damage in New York and other severely damaged barrier islands accessible to the general … Continue reading →

Video: Counting the Cost of Sandy

by Sarah Robson, November 2, 2012 | Posted in North America, weather risk

Willis CEO and Chairman Joe Plumeri talks to CNBC about the cost of Hurricane Sandy to the insurance industry and U.S. economy. Continue reading →

Our Scariest Natural Catastrophe – Unexpected Perfect Storms

by Alice Underwood, October 31, 2012 | Posted in Natural Catastophe

The scariest risks are the ones that sneak up on people and catch them unprepared. Continue reading →

Hurricane Sandy Will Reveal the Cost of Poor Supply Chain Management

by Tom Teixeira, October 30, 2012 | Posted in Supply-Chain Risk, weather risk

Once the full extent of the damage from Sandy is analysed, I have no doubt we will see large business interruption (BI) losses and again we will see many cases of inadequate and ineffective supplier coverage. Continue reading →

Hurricane Sandy Likely to Trigger a Significant Volume of Commercial Property Claims

by Colleen McCarthy, October 29, 2012 | Posted in Claim & Risk Control, weather risk

Hurricane Sandy, a storm that forecasters say is on a scale with little precedent on the East Coast, is likely to trigger a significant volume of commercial property claims, according to experts in our claims practice.  “Given the size of … Continue reading →

Hurricane Season Jumps the Gun

by Clare Kerrigan, June 4, 2012 | Posted in weather risk

Friday saw the official start of the Atlantic and Caribbean hurricane season, which runs from June 1 until the last day of November—despite tropical storms Alberto & Beryl having jumped the gun. (Hurricane Bud was from the Eastern Pacific where … Continue reading →