Search
 
Commentary

Recent Cats Could Be Insurance's Tipping Point

We must seize this moment to tell our story to people, businesses and municipalities that are uninsured, underinsured or improperly insured. This can be our tipping point.

By Kevin McPoyle, CIC, Robert M. Dietzel, ARM, CIC | Updated on September 01, 2011

2011 has been both unique and consistent in the ferocity of our social and business interaction with our natural world.  Global events like the Japanese tsunami and local events like the EF-5 tornadoes that tore through Joplin and Tuscaloosa, leaving hundreds dead; flooding along the Souris River in North Dakota and the most powerful earthquake to strike the East Coast of the U.S. in more than 60 years have been difficult to ignore.

Showing he read the memo and can react to a set of circumstances, Mayor Michael Bloomberg ordered the New York City subway system closed as Hurricane Irene churned up the East Coast. This was a first in the system’s more than 100-year history. Mayor Nutter of Philadelphia declared a state of emergency for the first time since 1986.  Neither of them were taking any chances.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.