Lessons From Irene “Unfortunately, last year we all saw first-hand the damage a storm could do when Tropical Storm Irene struck New Jersey.” –N.J. Department of Banking and Insurance Acting Commissioner Ken Kobylowski on the importance of being prepared for …
Here is another sign that American International Group executives may be feeling bullish about the company’s future prospects — CEO Robert Benmosche said this month that Chartis may readopt the AIG brand name in coming years, as the bailed-out insurer …
Before Georgia began its current streak of 114 years without a major hurricane, the state’s coastline was a fairly frequent target in the 1800s. At least six big storms, some of them responsible for violent death tolls, pounded the Georgia …
When people think of hurricane damage they usually think of Miami or New Orleans, but a new report suggests the greatest financial risk of all may be much farther north: the greater New York City area. Data analysis firm CoreLogic …
Transition time yields an opportunity in the insurance business. That’s according to a recent survey from BizBuySell.com. The survey from the San Francisco-based business-for-sale online Internet marketplace shows businesses spend $3.9 billion annually on insurance suppliers and vendors during business-for-sale …
Apartment Communities May Be Key to Revival The overall construction industry appears to be making a recovery, albeit, a very slow one. Industry watchers say the outlook is better for big utility and public works construction projects, as well as …
A last-minute provision added to legislation headed to the governor’s desk in early June delivered a price cut to south Louisiana property owners who get insurance through the state-run insurer of last resort. Lawmakers are seeking to soften the blow …
Insurers’ reserves were redundant at year-end 2011 by $11.7 billion – or 2 percent of total booked reserves – compared with $22.0 billion at the year-end of 2010, after the industry released $12.7 billion of reserves during 2011, a new …
A major hail storm in April in Kentucky is estimated to have caused $175 million in insured losses and damages when balls of ice as large as baseballs battered cars and homes and knocked out power to thousands. The PSC …
Breach and Response “As soon as there was an inkling that there was a breach, they should have been all over this.” —Laura DiDio, a technology analyst with a consulting firm known as ITIC, comments on the response to a …
