How To Hedge A Hurricane
The News Review:
- How To Hedge A Hurricane
- Seminar to boost hurricane preparedness
- dms Implements Hurricane Plan
- Global warming-hurricane link spurs controversy
How To Hedge A Hurricane
Forbes – May 28, 2007
The National Weather Center’s hurricane forecasters predict 13 to 17 named storms this year three to five of them potentially major hurricanes defined as Category 3 and above on the scale used to measure the storms. Hurricane futures which were introduced on the Merc in March will allow energy traders to hedge risks in their positions and allow speculators to bet on the potential impact Atlantic storms will have. Eventually reinsurers might be attracted to them as another way to offset risks in their portfolios. It is another piece of a blossoming derivatives market for storm risks. Last year insurance brokers underwrote $5 billion in catastrophe-risk bonds and so far this year another $2 billion have been underwritten according to Swiss Reinsurance… The National Weather Center’s hurricane forecasters predict 13 to 17 named storms this year three to five of them potentially major hurricanes defined as Category 3 and above on the scale used to measure the storms. Hurricane futures which were introduced on the Merc in March will allow energy traders to hedge risks in their positions and allow speculators to bet on the potential impact Atlantic storms will have. Eventually reinsurers might be attracted to them as another way to offset risks in their portfolios. It is another piece of a blossoming derivatives market for storm risks. Last year insurance brokers underwrote $5 billion in catastrophe-risk bonds and so far this year another $2 billion have been underwritten according to Swiss Reinsurance. “We are certainly on a record pace” said Judy Klugman managing director of insurance-linked securities at Swiss Re Capital Markets the broker division of Swiss Re.
Seminar to boost hurricane preparedness
Charleston Post Courier – May 28, 2007
on Friday – the first day of hurricane season – at their headquarters at 2750 Speissegger Drive in North Charleston. Speakers will go over a range of topics including how business owners can protect company technology systems such as computer servers and what kind of information to have on file about employees. “Preparing a business for hurricane season initially requires an investment of time to research the elements of a plan” Scott Cave chief financial officer of KFR Services Inc. a Summerville-based business consulting firm said in a statement. “Therefore it is essential to set aside some time before hurricane season to research the basic requirements of a response plan. “The seminar costs $15 for chamber members and $20 for nonmembers. Participants should register with Emily Brown at 805-3042 by Wednesday.
dms Implements Hurricane Plan
Cayman Net News – May 28, 2007
dms’ Crisis Management Team (CMT) began rolling out the different elements of the hurricane plan in March 2007 by briefing dms subsidiary managers and training facility and information technology (IT) wardens to provide further support and guidance for business unit preparations. Various meetings have been held with employees to review the procedures and disburse the company hurricane newsletter as well as the Government Information Services Cayman Prepared kits to help stress the importance of personal preparation. The dms rganization hurricane plan developed by BIC is a comprehensive series of procedures checklists and actions based partly on relevant “lessons learned” before during and after Hurricane Ivan as well as results of searching Business Impact Analyses and customized assessments and analyses of dms’ businesses. These plans significantly enhance dms’ hurricane readiness mitigation measures resilience and recovery processes in the face of a crisis. The companies included in dms’ plans are: dms rganization Ltd. dms Management Ltd. dms Corporate Services dms Properties Ltd… Various meetings have been held with employees to review the procedures and disburse the company hurricane newsletter as well as the Government Information Services Cayman Prepared kits to help stress the importance of personal preparation. The dms rganization hurricane plan developed by BIC is a comprehensive series of procedures checklists and actions based partly on relevant “lessons learned” before during and after Hurricane Ivan as well as results of searching Business Impact Analyses and customized assessments and analyses of dms’ businesses. These plans significantly enhance dms’ hurricane readiness mitigation measures resilience and recovery processes in the face of a crisis. The companies included in dms’ plans are: dms rganization Ltd. dms Management Ltd. dms Corporate Services dms Properties Ltd. ffshore Business Solutions (BS) BrightStaff Ignition BrightIdeas Saxon Administration and dms Broadcasting Ltd.
Global warming-hurricane link spurs controversy
Caribbean Net News – May 28, 2007
They agree that warmer seas have given these storms some extra punch. But they disagree how much global warming is to blame. With the 2007 Atlantic hurricane season about to begin the controversy over the role of climate change in boosting hurricane intensity is a matter for debate among the researchers who watch the water and the clouds and work to figure out what makes the worst storms so furious. "As far as I can tell there is no dispute that higher sea temperatures mean more energy for these storms to feed on" said Kevin Trenberth of the National Center for Atmospheric Research in Boulder Colorado part of a consortium of US universities. Trenberth said the next logical question is how have sea surface temperatures changed over the last 30 years or so "and that’s where the global warming aspects come in and that’s where some of the dispute seems to lie. " Trenberth is convinced that global warming is a major factor in spawning the kinds of intense hurricanes that kill and he is hardly alone. The UN Intergovernmental Panel on Climate Change which set out the consequences of global warming in a series of reports this year said future hurricanes and typhoons will probably be more intense as tropical seas continue to heat up… The UN Intergovernmental Panel on Climate Change which set out the consequences of global warming in a series of reports this year said future hurricanes and typhoons will probably be more intense as tropical seas continue to heat up. The world panel also drew a line between warmer seas and the release of greenhouse gases like carbon dioxide from human sources like factories vehicles and coal-fired power plants. However Chris Landsea of the US government’s National Hurricane Center in Miami considers climate change a minor piece of the puzzle of hurricane intensity compared with long-term climate cycles that can last for decades. HW MUCH IMPACT FRM GLBAL WARMING? When it comes to the relationship between hurricane strength and global warming "the important question is not is there an impact but how much of an impact" Landsea said in a telephone interview. "When you look at all of the studies.