Private-sector meteorologists are selling customized weather data to a myriad of enterprises — from agriculture to construction to transportation .
A not-so-small cottage industry is now built around disaster preparation. While it never hurts to be prepared, say experts, how much of this industry is actually playing into people’s fears?
Companies like ServiceMaster, ServPro, Disaster Kleenup International and the Signature Group are ready to mobilize workers by the hundreds to respond to catastrophe for days and weeks on end.
To what degree a catastrophic event might be caused by climate change is impossible to measure at this stage, so global warming isn’t being directly priced into insurance premiums.
New pipelines and high storage levels will combine to prevent a repeat of 2005 when hurricanes Katrina and Rita interrupted supply and prices spiked.
Homeowner insurance costs and coverage vary widely state to state, forcing many consumers to navigate multiple policies and pay multiple premiums to cover one home.
With the ever-growing encroachment of people into formerly rural, wildfire-prone areas you have the recipe for disaster — and a potential opportunity for businesses with products designed to help homeowners cope with the fires.
Insurers call windstorm coverage — including hurricanes, tornadoes, and hail — the "market of last resort," which comes with its own special rates applied to areas most prone to disaster.
People love to talk about the weather, but do they really know much about it? Test your knowledge.