Catastrophe & Restoration

The Federal Emergency Management Agency is proposing to allow owners of homes destroyed by storms and bought out by the government to rebuild on the same flood-prone land.

Given that past pricing pressures have dictated premium rates for about a decade, it's time for insurance carriers to more effectively drive reinsurance negotiations using accurate data sets that can better reflect risk and lead to more favorable terms.

Hurricanes and floods disproportionately damage lower-cost homes, which tend to be older and more vulnerable to water and wind.

Planning now for what you'll do after an emergency will make recovery that much easier.

There will no doubt be P&C insurance claims following this week's Southwest Airlines' passenger fatality. Liability, commercial business and worker's comp claims along with debates over causation and fault are sure to arise.

Homeowners, renters and business and vehicle owners can find themselves in a financially challenging situation following a spring storm if they haven't checked their insurance coverage carefully.