BP Oil Spill site gets first storm

A tropical depression is moving over the BP oil site this week. Why is this news to risk and insurance? Well, mainly because most scientists and risk managers really have no clue how oil in the water will affect the development of strorms and if the storm can disperse oil over a larger area. Even though this is a realtively weak storm, it still may give a good indication of what could happen with a large hurricane. The insurance and risk management community will be watching closely along with the scientists. Until next time be careful out there and know your risks. K

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