According to catastrophe risk modeling firm AIR Worldwide, storm development in the tropical Atlantic was even more active on Tuesday than it was on Monday. Shortly after Gustav came ashore in Louisiana on Monday, Hanna began battering the southeastern Bahamas …
Energy companies found little damage to their U.S. facilities during initial checks Tuesday in the wake of Hurricane Gustav — signaling a possible fast recovery from the biggest storm to threaten the oil sector since hurricanes Katrina and Rita in …
Major chemical makers in the U.S. said Tuesday that initial inspections indicate only slight damage to those facilities that were affected by Hurricane Gustav, but companies are still uncertain about when production is likely to restart at many of these …
Hurricane Gustav could trigger insurance claims of up to $10 billion, according to early computer-modeled estimates of damage from the storm, but at least one analyst thinks the final tab could be lower. Gustav, which made landfall southwest of New …
Marsh & McLennan Cos. Inc. , the world’s largest insurance brokerage by market value, is not planning to make a counterbid for U.K.-listed reinsurance broker Benfield Group Ltd, a Marsh spokeswoman said Tuesday. “MMC has no interest in putting forward …
Virginia-based insurance brokerage Hilb Rogal & Hobbs Co. (HRH) reports it has has G.A. Pearson and Associates Insurance Brokers, Inc. of San Diego, Calif. Terms of the transaction were not disclosed Pearson had approximately $3.8 million in revenue in 2007. …
Florida Insurance Commissioner Kevin McCarty approved the merger of AmCOMP with Employers Holdings Inc. and required AmCOMP to repay $8.4 million in excessive profits to its Florida policyholders. AmCOMP ‘s insurance subsidiaries will repay $2.8 million in excessive profits it …
Susan Q. Hood, claims vice president, State Farm Mutual Automobile Insurance Company and chair of the board of governors (BOG) of the National Insurance Crime Bureau (NICB) announced today that Robert M. “Bear” Bryant will retire as NICB president and …
Arizona workers compensation carriers have filed for a 7.9 percent rate increase to take effect Oct. 1, 2008, according to the National Council on Compensation Insurance. By industry group, the rate increase would include a 6.2 percent increase for manufacturing; …
The good news is that Hurricane Gustav has been downgraded to a Tropical Depression as it moves slowly across northwest Louisiana. The bad news is that Tropical Storms Hanna, Ike and Josephine are gaining speed, according to the National Hurricane …
