Monthly Archives: <span>August 2012</span>

Earnings Reports: XL Group, Alterra Capital

Selected earnings highlights from the XL Group’s headquarters in Dublin, Ireland for the second quarter and the first half of 2012 are as follows: Q2 2012 Q2 2011 *Gross premiums written ———— $1.763651 bn $1.762.443 bn *Net premiums written ————— …

China Braces for Another Typhoon; Japan on Alert: AIR Analysis

According to catastrophe modeling firm AIR Worldwide, residents along coastal cities in eastern China are preparing for their third typhoon in less than a week. Just last weekend, two powerful typhoons—Damrey and Saola—came ashore less than 10 hours apart, causing …

Philippines Rushes Aid to 850,000 People Affected by Floods

Emergency workers and troops rushed food, water and clothes to nearly 850,000 people displaced and marooned from deadly floods spawned by 11 straight days of southwest monsoon rains that soaked the Philippine capital and nearby provinces. About 60 percent of …

UPDATE: Cat I Hurricane Ernesto Nears Mexico, Belize

According to the latest report from the National Hurricane Center in Miami, the center of category 1 Hurricane Ernesto was about 20 miles, 35 km, north of Chetumal, Mexico and about 160 miles, 260 km, east south east of Campeche, …

Aon Benfield Monthly Cat Report Highlights China Floods; Agriculture Losses

The latest report on the world’s catastrophes from Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, highlights flooding in China that generated more than $8.3 billion in economic losses across the country in July. Paradoxically the …

Calif.’s 9th Circuit Hands Former NFL Player Worker’s Comp Loss

Retired National Football League offensive lineman Bruce Matthews’ attempt to collect workers’ compensation benefits in California was slapped down by the 9th Circuit Court of Appeal, which ruled he failed to show sufficient contacts with California. A current offensive line …

Heffernan Names Halverson Account Executive

Walnut Creek, Calif.-based Heffernan Insurance Brokers named Lisa Halverson to join its Petaluma office as a producing account executive focusing on employee benefits. Halverson has nearly 20 years of employee benefits experience, and she specializes in complex benefits issues and …

1 Dead, 9 Injured in Lightning Strike at Pocono Raceway in Penn.

NASCAR fans at Pocono Raceway were advised over public address systems and through social media to take cover when lightning and heavy rain hit the track near the end of the race. The warnings weren’t enough to avoid tragedy at …

Southwest Pays Refunds After Computer Glitch

Southwest Airlines said Sunday it has begun filing refunds to customers who were accidentally billed multiple times for a single flight, after a half-price online ticket promotion backfired. The special sale designed to celebrate Southwest’s reaching the three million mark …

Wildfire Danger In Eastern Washington

The National Weather Service has issued a red flag warning for critical wildfire danger in Eastern Washington, Eastern Oregon and Northern Idaho. Dry lighting from scattered thunderstorms could ignite dry grass and shrubs. Forecasters say strong winds, relatively low humidity …