The Risk Management Blog
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Six months later, the cleanup from Hurricane Sandy is still a work in progress. The Storm that caused some $50 billion in damage and killed 159 people has not been forgotten by those along the east coast. The following is a snapshot of Hurricane Sandy by the numbers. From the Property Casualty Insurers of America: [...]
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On January 29, Robert Meyer came to New York to speak about disaster resilience. As a co-director of the Wharton Risk Management and Decision Process Center, few know more about the topic than he does. The crowd was mostly University of Pennsylvania alums who have migrated north to Manhattan, so the tragedy of Hurricane Sandy was fresh on [...]
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A building in Sheepshead Bay, Brooklyn, is flooded from Hurricane Sandy. When the five-year extension of the National Flood Insurance Program (NFIP) was signed by President Obama in July 2012, the debate over whether the federal government had a vital role in the flood insurance market seemed to be settled. From 2008 to the signing [...]
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2012 was a year of natural catastrophes. From Hurricane Sandy to the record-setting drought to the third most destructive wildfire season on record, the year was fraught with disasters that took a toll not only on communities nationwide, but on some of the world’s largest insurers. Today, CoreLogic issued its annual Natural Hazard Risk Summary, which details [...]
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