According to catastrophe modeling firm AIR Worldwide, on September 5 at 8:42 AM local time, a magnitude 7.6 earthquake struck a sparsely populated region of western Costa Rica approximately 150 km [94 miles] west of San José , the nation’s …
Catastrophe bond issuance for the last 12 months – June 2011 to June 2012 – rose to $6.43 billion – an increase of more than $2 billion over the same period in 2011, according to a report issued by Aon …
A report by Swiss research company MyPrivateBanking concludes that while the “mobile app revolution” has reached the insurance industry, adoption of the popular technology is “still at a very early stage, showing patchy and inconsistent deployment.” The survey involved a …
A new report from Swiss Re underscores the fact the “insured flood losses have increased from $1–2 billion in 1970 to $15 billion in 2011, which it describes as an “alarming rate” while posing “unique challenges for the industry” as …
Mitsui Sumitomo at Lloyd’s announced the promotion of Stuart Wood to Class Underwriter for Professional Indemnity (PI) within its Professional Lines operation. Wood joined Mitsui Sumitomo at Lloyd’s in 2009. He has been underwriting PI risks in the London market …
A National Parks Service (NPS) decision to hike their required insurance liability limits by 1,000 percent has some outfitters and guides, as well as their insurance providers, navigating the halls of Congress. The battle began because of an NPS increase …
Lexington Insurance Co. has introduced CarbonCover ODS, a property insurance policy that addresses the emerging needs of the climate change and greenhouse gas emissions sector. CarbonCover ODS is designed for project developers who are collecting tangible physical assets for the …
Eddie and Sherri Granger’s new life running an antique store in West Liberty, Ky., collapsed in a heap of debris when a tornado demolished their nearly century-old building while tearing through this eastern Kentucky town nestled in the Appalachian foothills. …
A federal jury in Chicago has awarded nearly $1.6 million to 21 Cook County sheriff’s employees who claimed they were demoted for supporting an opponent in the 2006 election. The lawsuit filed in U.S. District Court contended the members of …
Chicago-based CNA Financial Corp. has appointed Andy Cohen as the vice president of Field Operations. Cohen joins CNA most recently from Travelers Insurance, serving as vice president, Strategy, Middle Market. In this role, he developed a multi-year plan encompassing investments …
