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The Threat to Flood Insurance

Recovery Diva

From Bloomberg.com: FEMAs Demise Could Mean for Flood Insurance The announcement last week from Homeland Security Secretary Kristi Noem that she plans to eliminate the Federal Emergency Management Agency (FEMA) has cast a pall over the US governments disaster response unit. Thanks to Chris Jones for the citation.

Insurance 100
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Litigating Insurance Claims After a Disaster

Disaster Zone Podcast

When disasters strike, we expect that our property insurance provider will cover our losses. Sometimes, the insurance company and the insured person(s) don’t agree on the settlement amounts being offered by the insurance company. Evan worked for and defended insurance companies during the first 7 years of his practice.

Insurance 130
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The Crucial Role of Data Forensics in Post-cyberattack Recovery

Pure Storage

Data forensics is also important for these reasons: The government needs info : If you’re hit by a ransomware gang or an entity on the OFAC list, the government gets involved and may impound your systems. Processing insurance claims : If you have cyber insurance , the insurance company may want to investigate the attack.

Insurance 104
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Comment re flood insurance

Recovery Diva

Property owners, their state and the federal government need to finance the retreat. Corporations and businesses already write off the costs of risk insurance premiums. The federal government could not stop the pandemic so Congress determined taxpayer support rational.

Insurance 100
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Changes Continue in Cyber Insurance

Pure Storage

Changes Continue in Cyber Insurance by Pure Storage Blog An ounce of prevention is worth a pound of cure certainly applies to physical health. Prevention begins with having a robust cybersecurity plan in place, along with sufficient insurance to manage risk. In 2010, cyber insurance premiums totaled a mere $600,000.

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Ten States Sue FEMA over Flood Insurance Rates

Recovery Diva

From NPR: 10 states and scores of local governments sue FEMA over higher flood insurance rates

Insurance 100
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Disaster Damage Prediction Using AI and Aerial Imagery

Disaster Zone Podcast

With the advent of climate change impacts now becoming very evident via the size and frequency of disasters, it is the insurance industry that is taking notice. They cannot depend on what losses have been for decades to project into the future about what their losses might be for the properties they insure.

Insurance 130