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July 23, 2010 — Tropical Storm Bonnie, the second named storm of the 2010 Atlantic hurricane season, is expected to make landfall in southern Florida today, before moving into the Gulf of Mexico, according to the National Hurricane Center (NHC).
Recent events — including flooding in multiple U.S. states, and the Gulf of Mexico oil release — remind us that catastrophic events can have a compound effect on the property insurance market, impacting available capacity and pricing. It is prudent for risk managers to evaluate their exposures, measure potential losses, and take a number of pre- and post-loss measures to minimize a catastrophe’s impact on their business, their suppliers, and their customers.
Marsh has a variety of resources aimed at helping organizations to enhance their hurricane preparedness and response efforts. Our Hurricane Preparedness & Response Checklist is designed to highlight the issues organizations should be thinking of before and during hurricane season.
Please visit our Emergency Disaster Recovery Web site and Guy Carpenter's Cat Central bulletins for regular updates.
For more information, please contact us at:
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