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.
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.
Wildfires that burn more than 100,000 acres—an even considered rare 30 years ago—are now the rule rather than the exception, according to a 2008 paper by the National Center for Policy analysis.
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.
See average annual homeowners insurance premiums in these states, as well as average windstorm insurance premiums from the least expensive to the most expensive.
2011 has been a difficult year for those in the South and Midwest United States. Following are a collection of images that show the destruction created from the tornadoes this year.
On March 11, 2011, an earthquake measuring 9.0 on the Richter scale struck Japan, bringing a destructive tsunami along with it. See 11 other history-making nuclear disasters.