This Blog covers the ABA Tort Trial & Insurance Practice Section's series of podcasts, teleconferences, and live programs dedicated to Disaster Preparedness and Response. It addresses issues arising out of disasters caused by foreign and domestic acts of terrorism, by negligent acts, by natural events and by threats to our cyber-security and will confront the issues of preparedness, risk management, recovery and response, liability, insurance, claims and litigation.
Insurance Industry Concern About Disasters in 2012
The job of the insurance industry is to insure the risk of loss of its policyholders. So far, with the early storms in 2012, the insurance industry is worried that 2012 will turn into another 2011 or worse. There have been many articles in the press discussing the affects of disasters on the insurance industry and its insureds. Here are a couple. The Columbus Dispatch featured this recent article. Are the predictions right? What do you predict 2012 will be? Will we have more natural disasters than 2011? As the London Telegraph reports, the Lloyd's insurance marketplace had significant losses from disasters in 2011. What can you do to be prepared for disaster?
For more information about disaster preparedness and response, please click here. Please join us for the American Bar Association's Tort, Trial & Insurance Practice Section's Spring Leadership Meeting in Charleston, SC on May 17 for a great program on disasters caused by acts of nature. For more information about this program, please click here.