Another wildfire season has begun. Almost 4.5 million U.S. homes are at high or extreme risk of wildfire, with more than 2 million in California alone. Residents of wildfire prone areas can take these steps to learn how to prepare to defend against the destructive threat of wildfire.
The Atlantic Coast, the Gulf of Mexico and the Hawaiian Islands are home to the U.S. counties most vulnerable to hurricanes. These counties accounted for nearly two-thirds of the nation’s coastline population in 2008, according to the U.S. Bureau of the Census. Of the 11 most hurricane-prone counties, five are in Louisiana, three are in Florida and two are in North Carolina.
The world’s 10 largest insurance markets are cumulatively expected to see gross domestic product (GDP) decrease by 4.9 percent in 2020 compared to 2019 because of COVID-19. “The most likely outcome for the rest of 2020 is a slow recovery, with multiple false starts and step backs, that does not stabilize until well into 2021,” according to Dr. Michel Léonard, Triple-I vice president and senior economist, author of the report. | Video
RIDER- An attachment to an insurance policy that alters the policy’s coverage or terms.
DIRECTORS AND OFFICERS LIABILITY INSURANCE/D&O- Directors and officers liability insurance (D&O) covers directors and officers of a company for negligent acts or omissions and for misleading statements that result in suits against the company. There are a variety of D&O coverages. Corporate reimbursement coverage indemnifies directors and officers of the organization. Side-A coverage provides D&O coverage for personal liability when directors and officers are not indemnified by the firm. Entity coverage, for claims made specifically against the company, is also available. D&O policies may be broadened to include coverage for employment practices liability.See Full Glossary
BOCA RATON, Fla. and NEW YORK, July 15, 2020 /PRNewswire/ -- As the COVID-19 pandemic continues to affect the nation, a number of questions remain. Read More
For immediate release New York Press Office: (917) 923-8245; email@example.com NEW YORK, July 10, 2020 —Tropical Storm Fay has the potential to cause wind and water-caused property damage today and tomorrow in multiple states on the U.S.’s East Coast, according to the Insurance Information Instit… Read More