Hurricane Sandy Deployment

BCMG has been placed on standby for deployments in VA, MD, DE, and NJ.  Though the exact path and ramifications of Hurricane Sandy on the east coast are too early to predict, BCMG is being placed on standby for several carriers with coastal state exposures.  Catastrophe operations will be based out of our regional office in Glen Allen, VA.

(image via: Weather Channel, updated 2 PM est)

 The potential damages reported could be significant, and according to this article on the Insurance Journal website, "some forecasters even say that Sandy has the potential to be a multibillion dollar disaster greater than last year’s Hurricane Irene".

Brace Yourself for the 2012 Atlantic Hurricane Season

     
      According to experts at Colorado State University, the 2012 Hurricane Season is sure to be an active one, especially if El Niño does not occur.  The experts project there is a 45% chance that the conditions of the years past will continue, and El Niño will not develop.  If this is the case, the warm Atlantic water and the reduced wind shear creates an environment for hurricanes to both form and thrive.  
      The forecasters say if the conditions are as predicted, the season would likely include "12-15 named storms, seven to nine hurricanes, and up to four major hurricanes".  While there is no certainty yet as to how the 2012 Hurricane Season will go for sure, it is set to be a very active season.  


Source: Mark E. Ruquet, "Odds are High for Another Active Hurricane Season in 2012",  PropertyCasualty360.com
http://www.propertycasualty360.com/2011/12/07/odds-are-high-for-another-active-hurricane-season#.Tt_jE_-2Sas.email