Tornado season is here and many are at risk. Time to review your insurance policy and it’s coverage.

 

English: A diagram of the location of tornado ...

English: A diagram of the location of tornado alley and the related weather systems (public domain, NOAA). (Photo credit: Wikipedia)

 

Tornado season is right around the corner here in the United States.  May and June are typically the most active months of the year for tornado genesis across the Great PlainsTornado Alley, as the nickname goes, sees a very large number of super cell thunderstorms which are perfect producers of violent EF2 or greater tornadoes.  The boundaries of Tornado Alley reach from south/central Texas up to northern Iowa and east/west from Missouri to Colorado.  Other areas prone to tornadoes in the U.S. include Florida and the Gulf Coast which is named the Dixie Alley and has a relatively high number of tornadoes occurring in the late fall, October through December.  As many as 1,200 tornadoes hit the U.S. every year and recent years have shown that as our planet’s climate continues to fluctuate we are seeing even stronger storms and resulting tornadoes.  But tornadoes are not limited to just the United States.  In fact, tornadoes occur in many parts of the world, including Europe, Africa, Asia, South America and even Australia.  These regions are more likely to experience increased tornado potential in parallel to the time of year in which increased solar energy and strong frontal storm systems are the norm for that area.  Thus, tornadoes can occur (and do so) pretty much year round on planet earth. [Read more...]

Another Risk Worldwide insurance recovery in Christchurch, NZ

A Business Fire Can Burn a Company Forever

When fire strikes your business it can often be a death blow to any company that is not fully prepared and insured. While storms and floods typically impact a large region, a fire can hit an individual business and leave it defenseless.  The United States Fire Administration (part of
FEMA) reports that financial losses from fire to business (non residential) totaled anywhere from
$3.5 billion in 2008 to $2.4 billion in 2010. In 2010 there were nearly 85,000 business fires in the USA.  Insurance claims for fires can be the most complicated of all insurance procedures. While
other cataclysmic events normally leave debris that can be used for a claim, a fire most often takes away any physical evidence to use in a claim, as well as destroying such things as intellectual
property, computers and paper files.  [Read more...]