Violent weather that struck Georgia on April 10 caused an estimated $60 million in insured losses, according to Insurance and Safety Fire Commissioner John W. Oxendine. “That’s a preliminary figure from the insurance companies we’ve surveyed so far,” Oxendine said. …
The president of Mobile-based International Shipholding Corp., which manages the M/V Maersk Alabama for owner Maersk USA, said a multinational coalition must respond to Somali piracy. ISH President Erik L. Johnsen said one country cannot stand alone against pirates like …
The Grand Strand again ranks first in the Southeast in vehicles stolen per capita, with the Myrtle Beach area among seven of South Carolina’s metro areas posting higher rankings, according to a report. The Myrtle Beach area ranked 15th nationally …
The band of weekend storms blamed for one man’s death in South Carolina also caused at least $6 million in damages, officials said. Nearly 2,000 insurance claims had been filed by Monday afternoon and preliminary damage estimates were expected to …
The National Weather Service has upgraded the strength of a tornado that killed a woman and her infant daughter when it hit Murfreesboro last week and said a second tornado touched down in the county. The weather service office in …
“The catastrophe bond market is weathering the effects of the global financial downturn while maintaining a strong issuance pipeline for the remainder of 2009,” according to a briefing published on www.GCCapitalIdeas.com by Guy Carpenter, the global risk and reinsurance specialist, …
Somali pirates hijacked two more cargo vessels and opened fire on two others Tuesday in attacks that showed a determination to go on striking at shipping on the region’s strategic trade routes. The capture of the Greek-owned MV Irene E.M. …
An article on the Lloyd’s web site (www.lloyds.com) analyzes the stepped up need for insurance coverage when mega-rock bands like U2 go on tour. The Irish band is slated to begin its latest series of concert dates, named the “360 …
Despite the pressures of the economic crisis, most U.S. companies continue to view their retirement as a vital part of their workplace relationship with employees, even as they struggle to balance cost and talent management issues, says a new industry …
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