A.M. Best Co. has released a list of ratings on a number of Canadian P/C insurers, based on publicly available financial information. “These ratings are based solely upon public information and present the most informed view A.M. Best can offer, …
Zurich Financial Services Group has established a new business unit for its direct business in Europe effective July 1, 2007. Called quite plainly “Direct Business,” the new unit will be part of Zurich’s Europe General Insurance (EGI) business division and …
Risk Management Solutions has designed the trigger mechanisms and performed the risk analysis for a securitization of multi-peril, multi-event catastrophe risk relating to securities issued by Fremantle Ltd, a Cayman Islands SPV [Special Purpose Vehicle – aka sidecar]. The, securities …
Standard & Poor’s Ratings Services’ Insurance 2007 conference, held June 3-5 in New York City, has yielded some valuable advice from three industry leaders on how to properly employ models. S&P noted that the increasing use of predictive modeling tools …
The American Medical Association last week introduced a new medical journal billed as the first of its kind devoted to the science of disaster planning and response. The peer-reviewed quarterly journal is titled Disaster Medicine and Public Health Preparedness. Its …
Six Flags and Cedar Fair shut down eight more thrill rides around North America on Friday after a teenage girl’s feet were sliced off during a ride in Kentucky. State inspectors were at the Six Flags Kentucky Kingdom to examine …
The furniture store blaze that killed nine Charleston, S.C. city firefighters started on a loading dock, federal investigators said. The loading dock was a covered space between the showroom and the warehouse of the Sofa Super Store, which burned on …
Just weeks after announcing an automobile insurance rate decrease, State Farm Insurance, the largest insurance provider in West Virginia, says it also will lower rates statewide for home insurance. The average West Virginia policyholder will see a rate decrease of …
In a case stemming from a devastating oil spill, a federal appeals court in Boston sided with environmentalists and ordered a new hearing on a Massachusetts law aimed at preventing such disasters. The Legislature passed the Oil Spill Prevention Act …
Virginia State Police are using digital cameras that can scan highways and parking lots for hot cars and stolen license plates. Using the digital images, police can compare the plates against any database of license plates: those associated with fugitives, …
