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2020 hurricane season projected to be above normal

2020 Atlantic hurricane season activity is projected to be above normal, according to Triple-I non-resident scholar Dr. Phil Klotzbach. Klotzbach, an atmospheric scientist at Colorado State University. He and his team have issued an early forecast of 16 named storms, eight hurricanes and four major hurricanes for the year. Video

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Will workers comp claims for COVID-19 be paid?

Whether workers compensation claims related to COVID-19 will be paid is a question to be answered case by case and state by state. While some occupations – for example, health care workers and first responders – might be said to have a higher probability than others for exposure to COVID-19, whether the disease is compensable under workers comp is uncertain.

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I.I.I. Glossary

MUTUAL HOLDING COMPANY- An organizational structure that provides mutual companies with the organizational and capital raising advantages of stock insurers, while retaining the policyholder ownership of the mutual.

CATASTROPHE BONDS- Risk-based securities that pay high interest rates and provide insurance companies with a form of reinsurance to pay losses from a catastrophe such as those caused by a major hurricane. They allow insurance risk to be sold to institutional investors in the form of bonds, thus spreading the risk. (See Securitization of insurance risk) )

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I.I.I. News Wire

Triple-I: 2020 Atlantic Hurricane Season Predicted to be ‘Above Normal’

For immediate release New York Press Office: (917) 923-8245; media@iii.org   New York, April 2, 2020—An above-normal level of tropical cyclone activity is projected for the 2020 Atlantic hurricane season, according to a forecast released today by the Tropical Meteorology Project… Read More

Triple-I: Insurers Are Engaged In the COVID-19 Crisis

For immediate release New York Press Office: (917) 923-8245; media@iii.org     NEW YORK, March 28, 2020—U.S. Read More

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Events Calendar

National Hurricane Conference
April
06
2020
CANCELLED
RIMS 2020 Denver
May
03
2020
CANCELLED
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