If you care about what’s happening in the world of property and casualty (P&C), then this is the place to be. Each week, we serve up a bite-size roundup of the latest news, hot topics, and (admittedly subjective) tidbits to keep curious insurance professionals, like you, in-the-know.
Quote of the Week:
“To say we dodged a bullet for the storm [Dorian] would be an understatement — you know, obviously we dodged a missile.” -George Recktenwald, Volusia County Manager, commenting on how Florida narrowly escaped major damage
- Floridians are counting their blessings...Hurricane Dorian skirted the northeastern coast of the state this week, bringing heavy rain, strong winds and power outages--but no major damage as originally forecasted.
- Tornadoes in the Carolinas… Dorian spawned tornadoes on Thursday in two states and threatened a whole day of fierce weather along the Carolinas' shores. Now we wait to know the damage. Here's the latest Dorian updates for P&C insurers...
- Bahamas “decimated” by Dorian...Entire neighborhoods were wiped out when Dorian barely budged—sitting over the Bahamas for nearly 2 days: “Parts of Abaco are decimated. There is severe flooding. There is severe damage to homes, businesses, other buildings and infrastructure,” said Bahamas Prime Minister Hubert Minnis.
- Loss estimates rolling in...Preliminary estimates put Bahamas’ insured losses from Hurricane Dorian at $7 billion according to Karen Clark & Company who reports that Dorian will “go into the history books” as having produced the “most intense wind speeds over land and for the longest duration.”
- Shocking imagery of Bahamas...Aerial imagery shows the the sheer devastation Hurricane Dorian inflicted on Marsh Harbour, the largest town on Great Abaco Island.
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