Commissioner Donelon Reminds Policyholders They Are Subject to Only One Hurricane Deductible Per Season

10/8/2020 Louisiana DOI Press Release

CADO Admin

Louisiana Insurance Commissioner Jim Donelon is reminding policyholders affected by Hurricane Laura and who may be affected by Hurricane Delta that the single season named-storm/hurricane deductible law prohibits a homeowner from paying more than one named-storm/hurricane deductible in the same hurricane season.

Commissioner Lara urges insurance companies to cover wildfire property losses without requiring a home inventory

California’s Commissioner 10-2-2020 Press Release

Roy

From the Press Release.
SACRAMENTO, Calif.
 — In response to California’s latest destructive fires, Insurance Commissioner Ricardo Lara is requesting that insurance companies help wildfire survivors who are overwhelmed with the task of navigating the claims process by providing up to 100 percent of personal property coverage limits without a detailed inventory to those who suffered a total loss of their home, similar to previous identical requests in past years.

Wildfires – Western US

Source: FEMA - Updated 10/6

Roy

The information below is from the FEMA Daily Ops Briefing issued 10/06 @ 8:30 am

Situation: : Of the over 7 million acres burned, the National Watch Center continues to track 11 active fires that have burned nearly 2 million acres from the West Coast to the Rocky Mountains. Mandatory evacuations continue throughout the impacted regions. No reported unmet needs.

CFO Jimmy Patronis Activates Emergency Adjuster Licensing System to Aid in Hurricane Sally Recovery

Roy

TALLAHASSEE, Fla. – Today, Florida Chief Financial Officer (CFO) Jimmy Patronis announced the Department of Financial Services’ emergency adjuster license system has been activated to support homeowners’ and businesses’ efforts to get back on their feet following the impacts of Hurricane Sally in the Florida Panhandle.

From the Monday, September 21, 2020 Press Release

Commissioner Lara urges insurance companies to cover reimbursement costs for those displaced during wildfires

California Department of Insurance

Roy
News: 2020 Press Release For Release: September 3, 2020 Media Calls Only: 916-492-3566 Email Inquiries: cdipress@insurance.ca.gov Commissioner Lara urges insurance companies to cover reimbursement costs for those displaced during wildfires LOS ANGELES, Calif. — To assist Californians displaced by the current and recent wildfires throughout the state, Insurance Commissioner Ricardo Lara issued a Notice to all California property and casualty insurance companies urging them to cover Additional Living Expenses (ALE) for those policyholders who remain under...

CSU researchers now predicting extremely active 2020 Atlantic hurricane season

Roy
"Colorado State University hurricane researchers have increased their forecast and now predict an extremely active Atlantic hurricane season in 2020, citing very warm sea surface temperatures and very low wind shear in the tropical Atlantic as primary factors. Tropical Atlantic sea surface temperatures averaged over the past month are at their fourth-highest levels since 1982, trailing only the very active Atlantic hurricane seasons of 2005, 2010 and 2017. Warmer-than-normal sea surface temperatures provide more fuel for tropical cyclone formation and intensification. They are...

M 5.1 - 4 km SE of Sparta, North Carolina

Roy

Yellow alert for economic losses. Some damage is possible and the impact should be relatively localized. Estimated economic losses are less than 1% of GDP of the United States. Past events with this alert level have required a local or regional level response.

NOAA updated 2020 Atlantic Hurricane Season Outlook

Roy

August 6, 2020 - Atmospheric and oceanic conditions are primed to fuel storm development in the Atlantic, leading to what could be an “extremely active” season, according to forecasters with NOAA’s Climate Prediction Center, a division of the National Weather Service. Today, the agency released its annual August update to the Atlantic Hurricane Season Outlook, initially issued in May.

Busy Atlantic hurricane season predicted for 2020

Source: NOAA

Roy

From the NOAA Forecast;

"May 21, 2020An above-normal 2020 Atlantic hurricane season is expected, according to forecasters with NOAA’s Climate Prediction Center, a division of the National Weather Service. The outlook predicts a 60% chance of an above-normal season, a 30% chance of a near-normal season and only a 10% chance of a below-normal season. The Atlantic hurricane season runs from June 1 through November 30.

 

WORLEY CLAIMS SERVICES ANNOUNCES NAME CHANGE TO ALACRITY SOLUTIONS TO REFLECT STRATEGIC GROWTH AND INNOVATION

CADO Admin

"Fishers, IN – March 10, 2020 – Worley Claims Services LLC, a recognized leader in providing insurance claims services in North America, announced the launch of a new company brand and name to Alacrity Solutions Group effective immediately. The change reflects the company’s broader commitment and its expertise in providing innovative claims management services in the property, auto and casualty claim marketplace."

Commissioner Lara Orders Insurance Data on Business Interruption Coverage to Assist California Small Businesses

Roy
From the Press Release ... "Commissioner Lara called on the insurance industry to assist small businesses facing layoffs and lost income due to business closures and government actions to prevent the spread of COVID-19. Insurance company responses to the data call are due by April 9, 2020, and will help the Department understand the number and scope of commercial business interruption type coverages in effect and the approximate number of policies that exclude viruses such as COVID-19. This data will help inform state policymakers on solutions to protect businesses.

EXTENDED RANGE FORECAST OF ATLANTIC SEASONAL HURRICANE ACTIVITY AND LANDFALL STRIKE PROBABILITY FOR 2020

Source:Department of Atmospheric Science Colorado State University

Roy
We anticipate that the 2020 Atlantic basin hurricane season will have above-normal activity. Current warm neutral ENSO conditions appear likely to transition to cool neutral ENSO or potentially even weak La Niña conditions by this summer/fall. Sea surface temperatures averaged across the tropical Atlantic are somewhat above normal. Our Atlantic Multi-decadal Oscillation index is below its long-term average; however, most of the tropical Atlantic is warmer than normal. We anticipate an above-average probability for major hurricanes making landfall along the continental United...

Texas Department of Insurance Commissioner’s Bulletin # B-0008-20

Re: COVID-19: Suspension of certain licensing requirements and fees

CADO Admin
The below is from the bulletin. March 24, 2020 To:   All TDI-regulated carriers, agents, adjusters, and licensees Re:   COVID-19: Suspension of certain licensing requirements and fees On March 13, 2020, Governor Greg Abbott issued a disaster declaration in response to the COVID-19 pandemic. The Governor authorized the use of all available state and local government resources necessary to cope with the disaster. TDI expects carriers to work with their policyholders as they prepare for and respond to the spread of COVID-19. Carriers should look to the...

TWIA Policy Changes effective 1/2020

CADO Admin

All new and renewal TWIA policies with an effective date on or after January 1, 2020 will include updated coverages, terms, and conditions. Many of the changes are a result of recent revisions to the Texas Insurance Code by the Texas Legislature.


"The above is from the TWIA website"

Port Neches Response

Updated 12/7/19

Roy
The below is from the Port Neches Response website. Updated: 12/7/19 News Release # 19 Claims activities update: Approximately 200 claims representatives, including call center operators, field claim adjusters and claims processors, remain in the area. Residents seeking walk-in appointments at Claims Processing Centers are experiencing long wait times. Claims personnel are working to increase staffing at the processing centers to assist more people. Don’t wait in line: call (866) 601-5880 to make an appointment.

Monthly Atlantic Tropical Weather Summary

Source: National Hurricane Center

Roy
NHC is the source of the info below Monthly Tropical Weather Summary NWS National Hurricane Center Miami FL 800 AM EDT Fri Nov 1 2019 For the North Atlantic...Caribbean Sea and the Gulf of Mexico: Tropical cyclone activity during October was slightly above normal for the Atlantic basin. Five named storms formed during the month and one of them became a hurricane. Another hurricane, Lorenzo, carried over from the month of September. One tropical depression also formed and failed to strengthen. Based on a 30-year climatology (1981-2010), two named storms typically form in the basin...

NOAA's Updated 2019 Hurricane Forecast

NOAA increases chance for above-normal hurricane season

Roy

"August 8, 2019 NOAA forecasters monitoring oceanic and atmospheric patterns say conditions are now more favorable for above-normal hurricane activity since El Nino has now ended. Two named storms have formed so far this year and the peak months of the hurricane season, August through October, are now underway."

 

Colorado State's Updated 2019 Hurricane Forecast

Source: Colorado State University

Roy
"We continue to predict a near-normal 2019 Atlantic hurricane season. The forecast number of hurricanes has increased slightly to account for short-lived Hurricane Barry which formed in July. Sea surface temperatures in the tropical Atlantic remain near average. While the odds of a weak El Niño persisting through August-October have decreased, vertical wind shear in the Caribbean remains relatively high. The probability for major hurricanes making landfall along the United States coastline and in the Caribbean remains near its long-term average. As is the case with all hurricane...

NOAA 2019 Atlantic Hurricane Season Outlook

Issued: 23 May 2019

CADO Admin
2019 Atlantic Hurricane Season Outlook: Summary

a. Predicted Activity

NOAA's outlook for the 2019 Atlantic Hurricane Season indicates that a near-normal season has the highest chance of occurring (40%), followed by equal chances (30%) of an above-normal season and a below-normal season. See NOAA definitions of above-, near-, and below-normal seasons. The Atlantic hurricane region includes the North Atlantic Ocean, Caribbean Sea, and Gulf of Mexico

Insurance Adjuster Act

California Senate Bill 240

CADO Admin
SB 240, as amended, Dodd. Insurance Adjuster Act. Existing law creates the Department of Insurance, headed by the Insurance Commissioner, and prescribes the department’s powers and duties. Existing law, the Insurance Adjuster Act, sets forth various requirements with respect to operation as an insurance adjuster in this state and prohibits a person from engaging in a business regulated by the act, or acting or assuming to act as, or representing themselves to be, an insurance adjuster unless the person is licensed under the act. Existing law also prohibits a person from falsely...

U.S. hit with two billion-dollar disasters so far in 2019

Source: NOAA

CADO Admin

"The so-called bomb cyclone that brought heavy snow, blizzard conditions and major flooding to the Midwest in March landed with a resounding meteorological “ka-boom!” and became one of two billion-dollar weather and climate disasters this year.

The other was a severe storm that struck the Northeast, Southeast and Ohio Valley in late February."

The above is from the NOAA article, follow the Read More link for the article.

EXTENDED RANGE FORECAST OF ATLANTIC SEASONAL HURRICANE ACTIVITY AND LANDFALL STRIKE PROBABILITY FOR 2019

Source: Department of Atmospheric Science Colorado State University

CADO Admin
"We anticipate that the 2019 Atlantic basin hurricane season will have slightly below normal activity. The current weak El Niño event appears likely to persist and perhaps even strengthen this summer/fall. Sea surface temperatures averaged across the tropical Atlantic are slightly below normal, and the far North Atlantic is anomalously cool. Our Atlantic Multi-decadal Oscillation index is below its long-term average. We anticipate a slightly below-average probability for major hurricanes making landfall along the continental United States coastline and in the Caribbean. As is the...

Taming the Flaming Cats

Source: CanadianUnderwriter.ca

CADO Admin

From the article;

"Among the many lessons for insurers coming out of Fort McMurray, one may be in how to handle claims caused by wildfires – a peril that insurers have predicted for some time will only get worse."

Spring Outlook: Historic, widespread flooding to continue through May

Source: NOAA

CADO Admin
From the NOAA Report; "Nearly two-thirds of the Lower 48 states face an elevated risk for flooding through May, with the potential for major or moderate flooding in 25 states, according to NOAA’s U.S. Spring Outlook issued today. The majority of the country is favored to experience above-average precipitation this spring, increasing the flood risk. Portions of the United States – especially in the upper Mississippi and Missouri River basins including Nebraska, Minnesota and Iowa – have already experienced record flooding this year. This early flooding was caused by...

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