Archive for August 2017
Insurer wins tornado damage dispute
The Cincinnati Insurance Co. has prevailed in litigation with a policyholder over the value of a claim in connection with a building destroyed by a tornado. On Dec. 31, 2010, a tornado destroyed a building leased as a medical imaging facility in Sunset Hills, Missouri, owned by the St. Louis-based Olga Despotis Trust, according to…
Read MoreCan you explain the process by which your insurable values are currently calculated?
When posed with the question around methodology, “how were the values reported in your Statement of Values (“SOV”) calculated”, risk managers, brokers, and property placement specialists, generally come back with a range of responses. Based on these responses and a quick assessment, the risk inherent to the current methodology can be identified. From there, a…
Read More2017 Hurricane forecast calls for above-normal season in the Atlantic
Last Updated May 25, 2017 4:27 PM EDT MIAMI — Warm ocean waters could fuel an above-normal Atlantic hurricane season, while storm-suppressing El Nino conditions are expected to be scarce, U.S. government forecasters said Thursday. The National Oceanic and Atmospheric Administration forecast calls for 11 to 17 named storms, with five to nine hurricanes. Two…
Read MoreRunning with Risk
by Morgan O’Rourke | June 1, 2017 at 6:00 am When I was 12 or 13 years old, I ran in my first competitive race, a neighborhood 5K that had been organized around the 40th anniversary of my hometown. I don’t remember my time, but I do know that I came in second in my…
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