Today on my way to work I heard an interesting segment on NPR about rituals. One sentence out of the broadcast reminded me of a book I read, Emotional Recovery After Natural Disasters. They were talking about a study done recently on how rituals were important in our lives and the one sentence that stood out said that completing rituals after a loss can make a person feel better (which everyone facing a large loss needs). It was similar to advice given in this very good book by Ilana Singer who...Read More
A few months ago, scientists from NASA and Chapman University were watching satellite images of Southern California wilderness for signs of fire hazards when they came across a troubling development.
An unusual mix of brief January rains and long-term drought had created a bloom of vegetation that was drying out and becoming fire-prone. Abnormally high temperatures and high winds were exacerbating the threat.
HOUSTON – The Federal Emergency Management Agency is refusing to provide additional money to help rebuild the small Texas town where a deadly fertilizer plant explosion leveled numerous homes and a school, and killed 15 people.
According to a letter obtained by The Associated Press, FEMA said it reviewed the state's appeal to help but decided that the explosion "is not of the severity and magnitude that warrants a major disaster declaration."
While working on a case for recovery after hail pummeled a homeowner’s roof, I found a recent case that discussed Texas law regarding Examinations Under Oath (EUO). In this case, the insurer demanded that the EUO be videotaped. When the insured refused to submit to a videotaped EUO, the issue of failing to comply with conditions precedent arose. It was clear in the insurance policy that “no suit or action on this policy for the recovery of any claim shall be sustainable in any court of law or equity until after full compliance by the insured with all the foregoing requirements, nor unless commenced within two years after the [event].”
Catastrophe (cat) bonds are one of a number of innovative risk transfer products that have emerged as an alternative to traditional insurance and reinsurance products. Insurers and reinsurers typically issue cat bonds through a special purpose vehicle, a company set up specifically for this purpose. Cat bonds pay high interest rates and diversify an investor's portfolio because natural disasters occur randomly and are not associated with economic factors. Depending on how the cat bond is structured, if losses reach the threshold specified in the bond offering, the investor may lose all or part of the principal or interest.
The 2013 CoreLogic Storm Surge Report examines single-family residential structures (homes) exposed to potential hurricane-driven storm-surge damage along the Gulf and Atlantic coasts in the U.S, including an evaluation of 2012’s Hurricane Sandy. New insights within the 2013 CoreLogic Storm Surge Report include:
Tornadoes leave some homes in complete shambles and others in more minor disarray. Numerous homes in and around Moore remain livable, although they were significantly damaged. Those homeowners are filing insurance claims, too.
Tarps cover many roofs in Moore as people have taken reasonable, necessary steps to protect their property from further damage. This is, of course, a temporary repair. Permanent repairs should not be made until your insurance company sends a claims adjuster to assess the damage.
The U.S. suffered 11 weather and climate disasters last year that caused more than $1 billion in damage each and killed more than 300 people, making 2012 the second-most costly and active year on record, according to the National Climatic Data Center.
Disasters including Hurricane Sandy and the drought cost an estimated $114.6 billion, according to data compiled by the center in Asheville, North Carolina. Sandy was the worst at $65 billion, while the drought’s cost was estimated at $30 billion.
As wildfires continue to rage in Colorado, fleeing residents are forced to choose which of their worldly possessions to save. Unfortunately for fire victim Jeremy Beach, those items didn't include his satellite dish and two receivers. As such, DirecTV reportedly told Beach over the phone that he owes $400 for the equipment, despite the fact he lost nearly everything in the blaze.
In a residential neighborhood near the center of a monster tornado that struck Moore, Oklahoma last month, two partially damaged houses stand like an island among others flattened by the storm.
The walls and roofs of the buildings in a new housing development called Featherstone Addition are still upright while there is nothing left but a concrete foundation where other homes once stood nearby.
Two hundred goats are munching away in Lemon Grove, clearing about an acre of dry brush a day.
The City of Lemon Grove, along with its fire department, Heartland Fire & Rescue, has brought in the four footed brush-clearing team to create defensible space that helps firefighters protect homes from wildfire.
I attended Saturday, Sunday and Wednesday partial loss only session.
Each of the meetings I learned something very useful by your presentation and by the interaction from other attendees. Your looking out for our welfare is a blessing and God sent.
You already know that what we are going through is harder than any of us realize since you have experienced this yourselves and helped in many catastrophes. Your looking out for our welfare is a blessing and God sent.
I want to personally thank you and CARe for what you do.
Your heartfelt compassion and teaching what matters to people that have been in harms way is a cause that touches many and gives hope in a world that is so full of anything but care and compassion.