The Disaster Issue – Where Insurers Fear to Tread

One storm is all it takes these days.  Anyone who’s been paying attention needn’t be reminded that even a post-tropical cyclone can cause major damage. That’s what Sandy was when she came on shore in New Jersey and devastated communities along the eastern seaboard. With winds reaching across an 1,100-mile geographic area, the storm caused damage as far away as Michigan, where storm warnings and high waves were posted for Lake Huron. Just how much are these events costing insurers?  |CLICK HERE| to read this fascinating and informative article on the effects of disasters on insurance, by Lori Widmer via www.insurancejournal.com.