Storm Coming?
Storm Coming?~ Annual Hurricane Forecast Prompts Readiness Talk With the official June 1 hurricane season opening, forecasting organizations have released their rough predictions for this year's storm activity. Hurricane expert Dr. William Masters sums up the consensus of three forecasting organizations on his Weather Underground blog : "All three major ... more
Defense Mechanisms Protecting New Orleans (and Houston?)
Defense Mechanisms Protecting New Orleans (and Houston?)~ Officials at the U.S. Army Corps of Engineers say they're making progress on repairs and improvements to the levee system protecting New Orleans from hurricane storm-surge flooding. USA Today reports that contractors for the Corps are working double shifts to boost the levees' ... more
Foreclosed Homes Present Storm Risk and Shelter Opportunity
Foreclosed Homes Present Storm Risk and Shelter Opportunity~ The surge of home foreclosures in the current real estate bust is presenting towns and counties with a thorny policy problem, as unoccupied properties fall into disrepair. In Massachusetts, the Cape Cod Times reports, more than 25,000 houses have been foreclosed since ... more
Insurers Well Stocked for Storm Season, But Soft Spots Remain
Insurers Well Stocked for Storm Season, But Soft Spots Remain~ As hurricane season looms, there's one bright spot. Despite the financial crisis plaguing the insurance industry as a whole, casualty insurers who provide windstorm insurance are generally well positioned to handle the financial impact of hurricane damage that may occur ... more
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