A bulletin from Marsh warns that “organizations need to prepare for the possibility of an extended disruption to global supply chains resulting from the earthquake and tsunami in Japan. Thousands of multinational companies that rely on Japanese manufacturers for goods …
European airplane manufacturer Airbus was placed under investigation on Thursday for the 2009 crash of a flight between Rio de Janeiro and Paris that killed 228 people, Airbus Chief Executive Thomas Enders said. Investigators are trying to establish why the …
Chaucer Holdings PLC, the specialist Lloyd’s insurance group, has announced that it has reduced its best estimate for claims arising from the 2010 New Zealand earthquake and Australian floods. Chaucer previously reported that its combined estimated total loss from these …
The Bermuda-based Everest Re Group announced that its preliminary loss estimate for exposures relating to the earthquake that occurred near Christchurch, New Zealand in February is “in the range of $140 million to $210 million,” pre-tax and net of reinstatement …
Bermuda-based Endurance Specialty Holdings Ltd. announced that its “initial loss estimate related to the floods which occurred in Queensland, Australia in January of 2011 is $15 million.” The specialty insurer’s initial loss estimate “related to the earthquake which occurred in …
Bermuda-based Alterra Capital Holdings Limited has announced initial loss estimates for three recent natural catastrophe events. Alterra said the estimates are “$5 to $8 million related to the Australian floods in January 2011; $6 to $10 million related to Cyclone …
From Apple’s new iPad to Chevrolet pick-ups and many of the world’s airplane kitchens, concern is spreading down the global manufacturing supply chain about the impact from Japan’s earthquake last week. Plant shutdowns across Japan following the earthquake, tsunami and …
We have spent the past several weeks discussing Best Practices – Standards, Procedures and Workflows. I know, you say: “My staff already knows how to use the agency management system. We have this new document which sets the standards and …
The Chubb Group of Insurance Cos. is adding up to $2,000 in coverage to its automobile policy for pets injured or killed in a crash or other covered loss. The policy will help pay to treat, board or replace domestic …
Marsh has appointed two veteran insurance brokers to its U.S. Construction Practice. Joining the practice are Scott Hull as Managing Director in Birmingham, Alabama, and Karen Reutter as senior vice president in Minneapolis. Hull brings to Marsh nearly 20 years …
