Tag Archives: Catastrophe

Reflections on Superstorm Sandy Along the Jersey Shore Almost Seven Years After the Catastrophe

Larry Bathgate was my co-counsel on 23 municipal insurance claims Following Superstorm Sandy and countless commercial and residential claims as well. We spoke on Friday evening and Saturday morning about our former clients, the rebuilding of the Jersey Shore and our law practices. From my view, there has been an amazing transformation and it was … Continue Reading

Florida Cat Fund Credit Rating Drops

I recently wrote about the Florida Catastrophe Fund, and stories concerning its probable inability to pay claims if a major hurricane were to hit in the present credit market.   Rating agencies are catching on to the problem. In a story buried at the bottom of the business section of the Tampa Tribune, AM Best warns that Florida’s Catastrophe … Continue Reading

Florida Reducing Hurricane Exposure

A year after the Florida Legislature and Governor Crist were duped by the insurance industry, legislation aimed at lowering the financial catastrophe of a major hurricane has been introduced to correct last year’s mistake.  See HB 983.  Last fall, I spoke with Alex Sink regarding her concern that the collapsing bond markets could make it … Continue Reading