Author Archives: Caroline McDonald

About Caroline McDonald

Caroline McDonald is a writer and former senior editor of the Risk Management Monitor and Risk Management magazine.
Immediate Vault Immediate Access

Calif. Carr Fire Claims 6 Lives

Posted on by

Just when it seemed like things couldn’t get any worse in California, the Carr wildfire ignited, claiming six lives so far. The fire in Northern California near the city of Redding has been burning since July 23 and is now one of the largest in the state.

Almost 90,000 acres have burned, destroying more than 500 homes and commercial buildings and damaging 135 structures. Firefighters, who are working 24- to 36-hour shifts with little rest in between, said they are making progress and are now on the offense rather than in a defensive mode.

“Although it’s too early for credible insured loss estimates, the current California wildfires could noticeably impact exposed insurers’ 3Q 2018 earnings,” KBW said in a statement today.

Wildfires are also burning in Mariposa County California. The Ferguson Wildfire has closed large parts of Yosemite National Park, the Risk Management Monitor reported. That fire began July 13 at about 8:30 p.

buy diflucan online achievephysiorehab.ca/wp-content/uploads/2023/10/jpg/diflucan.html no prescription pharmacy

m. and by July 15 had nearly doubled to 9,300 acres. By July 27 it had burned 45,000 acres and was contained 5%, according to NOAA.

buy sinequan online achievephysiorehab.ca/wp-content/uploads/2023/10/jpg/sinequan.html no prescription pharmacy

While authorities have not declared an official cause for that fire, Colin Gannon, senior data analyst at Four Twenty Seven, which studies the economic risk of climate change, said weather and environmental conditions are certainly contributing factors.

The Associated Press reported that hotter weather attributed to climate change dries out vegetation, allowing for more intense, faster-spreading wildfires. Another issue is expansion of subdivisions into previously undeveloped areas.

“There are just places were there should not be subdivisions,” Kurt Henke, a former fire chief in Sacramento who now serves as a consultant to fire organizations told the AP. “We’re not talking about a single family who wants to build a house in the woods.

buy fildena online achievephysiorehab.ca/wp-content/uploads/2023/10/jpg/fildena.html no prescription pharmacy

buy xifaxan online https://royalcitydrugs.com/xifaxan.html no prescription

I’m talking about subdivisions encroaching into the wild land urban interface that put them in the path of these destructive fires.”

Henke said that more funding needs to come from the state legislature to position firefighters in areas where conditions are ripe for fast-moving fires—so they can be respond quickly if a blaze breaks out.

Gov. Jerry Brown said last year that drought and climate change mean California faces a “new reality” where lives and property are continually threatened by fire.

The state is experiencing longer periods of warm temperatures and dry conditions that are making major fires nearly a year-round possibility, said Daniel Swain, a climate scientist at the University of California, Los Angeles.

On July 28 President Trump signed an emergency declaration for California and authorized federal aid for disaster relief.

2Q Sees 2.5% Average P&C Rate Increase

Posted on by

Property and Casualty rates in the United States were up 2.5% on average in the second quarter of 2018, with continued tough conditions for trucking and auto, MarketScout reports.

“Insurers seem to have a longer memory these days. It’s hard to find a commercial insurer who hasn’t suffered from a book of auto/trucking risks in the past 10 years,” Richard Kerr, MarketScout chief executive officer said in a statement. He noted that  previous bad experiences and challenges have meant that fewer insurers are willing to write auto or trucking risks. “The demand is exceeding the supply so rates continue to trend upward,” he said.

Compared to the first quarter of 2018, property, auto, directors & officers and employment practices liability rates saw increases. Business Interruption and general liability rates moderated. Workers compensation rates dropped from minus 2% to minus 3%. All other coverage classifications held steady.
Transportation risks saw a notable rate increase, up 6% in the second quarter of 2018 compared to up 4% in the first quarter. Habitation, service, contracting and manufacturing risks saw a slight rate increase from the first quarter of 2018 to the second. All other industry groups remained unchanged, MarketScout said.
Small accounts saw a slight rate increase while all other accounts were unchanged from the first to the second quarter of 2018, according to MarketScout.

Multiple Risks to Watch Out For at 2018 World Cup

Posted on by

Above: Luzhniki Stadium in Moscow 

The 2018 World Cup tournament began on June 14 and lasts until July 15. Thousands of fans will travel to Russia for the event, which consists of 64 matches and 32 teams in 11 cities. Like other mega events, it presents countless challenges for a number of industries including construction, travel, hospitality and security.

Circuit Magazine for security specialists reports that threat for terrorism is high, as there have been attacks in Moscow and the North Caucasus and most recently, a suicide attack on a Metro Train in St. Petersburg. It notes, however, that “Past performance in security terms of Russia at large events has been very strong, the Sochi Olympics was well controlled with no terrorist incidents affecting fans. Based on our assessment we continue to recommend that any attendance at large events, or corporate travel in Russia is supported by additional risk management measures.”

The article also recommends that attendees remain vigilant in public places, adding that to address this risk, security has been increased at airports and transportation hubs. It warns of street crime, including pickpocketing, that targets tourists. “Bogus police officers have harassed and robbed tourists.

If you are stopped always insist on seeing identification. Avoid openly carrying expensive items, or anything that might easily identify you as a tourist. Avoid walking about late at night alone,” Circuit warned.

Not to be overlooked are health concerns. The European Centre for Disease Prevention and Control (EU/EEA) recommends in a recent report that anyone traveling to Russia for the games make sure their vaccinations are up-to-date, particularly for diphtheria, hepatitis A, hepatitis B, measles, meningococcal infection, mumps, pertussis, poliomyelitis rubella and tetanus. According to the EU/EEA:

“As is often the case with mass gathering events, during the 2018 FIFA World Cup in Russia visitors may be most at risk of gastrointestinal illness and vaccine-preventable infections. The risk of being affected by gastrointestinal illness can be reduced by employing standard hygiene measures including regular hand washing with soap, drinking safe water (bottled, chlorinated or boiled before consumption); eating thoroughly cooked food and carefully washing fruit and vegetables with safe drinking water before consumption.”

It added that while outbreaks and spread of vaccine-preventable diseases are of particular concern during such mass gatherings. “there are no indications that the risk is higher than usual.”

Beazley notes that many of the 2018 World Cup’s risks impacting various industries will be covered by the London insurance market. The insurer outlines some of the key risks and their likely insured values:

Coastal High Tide Flooding Escalates, NOAA Reports

Posted on by

According to the third U.S. National Climate Assessment, “Global climate is changing and this is apparent across the United States in a wide range of observations.” Rising temperatures leading to increasingly high sea levels have changed coastal flood patterns, leading to more frequent high tide flooding, the National Centers for Environmental Information (NOAA) said in its National Climate Report’s 2018 Outlook of coastal flooding.

“As a whole, high tide flood frequencies during 2018 are predicted to be about 60% higher (median value) across U.

buy finasteride online cosmeticdermcenter.com/wp-content/uploads/2023/10/jpg/finasteride.html no prescription pharmacy

S. coastlines as compared to trend values at the start of this century (i.e., year 2000),” NOAA said.
More than one quarter (27) of the 98 U.S. coastal locations examined tied or broke their individual records for high tide flooding in 2017. The NOAA report found that the Southeast Atlantic coast is now experiencing the fastest rate of increase in annual high tide flood days, with more than a 150% increase since 2000 predicted in 2018 at most locations.

The top five cities that broke records with the highest number of flood days across the United States were: Boston, Massachusetts; Atlantic City, New Jersey; Sandy Hook, New Jersey; Sabine Pass, Texas; and Galveston, Texas. “These cities faced the brunt of an active nor’easter and hurricane seasons and sea level rise, which has made these and other less extreme events more impactful,” NOAA said.

buy mobic online cosmeticdermcenter.com/wp-content/uploads/2023/10/jpg/mobic.html no prescription pharmacy

According to NOAA:

  1. During the 2017 meteorological year (May 2017-April 2018), the U.S. average number of high tide flooding days was the highest measured at 98 NOAA tide gauges. More than a quarter of the coastal locations tied or broke their individual records for high tide flood days.
  2. Water reached a flooding threshold at NOAA tide gauges a record-breaking number of times in the Northeast and the Gulf of Mexico due to a combination of active nor’easter and hurricane seasons combined with sea level rise, making these events more impactful.
  3. The projected increase in high tide flooding in 2018 may be as much as 60% higher across U.S. coastlines as compared to typical flooding about 20 years ago and 100% higher than 30 years ago. This is due to long-term sea level rise trends and, in part, by El Nino conditions that may develop later this year.
    buy tamiflu online cosmeticdermcenter.com/wp-content/uploads/2023/10/jpg/tamiflu.html no prescription pharmacy