Climate experts on a U.N. panel should focus more on shorter reports on specialist subjects such as extreme weather in a shift from sweeping overviews of the kind being prepared this week in Stockholm, many scientists and governments say. The …
According to catastrophe modeling firm AIR Worldwide, “at 7:29 a.m. Eastern time (4:29 p.m. local time), a magnitude 7.7 earthquake struck southern Pakistan. The epicenter was located 69 km (43 miles) north-northeast of Awaran in the province of Balochistan. The …
Aon Benfield has announced the following strategic executive appointments: Eric Andersen as CEO of Aon Benfield; Mike O’Connor as CEO of Aon Risk Solutions (ARS) and Bryon Ehrhart as CEO of Aon Benfield Americas “enhancing the firm’s ability to serve …
Canada’s banking regulator is urging insurers to sell catastrophe bonds for the first time to cut the risk of natural disasters, such as the record floods that inundated swathes of downtown Calgary in June. Climate changes are making weather-related losses …
Policy Change Requests Can Only Be Made if Requesting Party Has Authority/Insurable Interest. Many years ago when I first entered the industry, I remember an experienced underwriter telling the story of an angry ex-wife cancelling the insurance on her ex-husband’s …
IJAM welcomes guest blogger Peter van Aartrijk, CEO of Aartrijk branding firm. At this time of year, maybe you recall the fun you had at those summer camps. Okay, the mosquitoes in the tent and the Hamburger Helper in the …
Colorado residents and businesses face devastating water inundation that many are dubbing a one-in-500-years weather event. Early reports confirm nearly 2,400 square miles saturated with water causing massive dislocation and loss of life. As recovery efforts begin, some environmental groups …
California Insurance Commissioner Dave Jones named Eric Weirich deputy commissioner of the enforcement branch of the California Department of Insurance. Weirich began with CDI as a detective with the fraud division in 1998. He has held a range of posts, …
New Jersey Assemblyman Reed Gusciora (D-Mercer/Hunterdon) last week proposed a bill aimed at strengthening homeowners’ cases against their insurers in civil lawsuits. Assemblyman Gusciora said the bill (A-4382) would strengthen the cases of policyholders who sue their insurers in civil …
Panama City has spent tens of thousands of dollars removing dozens of derelict boats as it redevelops its waterfront. But one abandoned former luxury cruise liner is proving to be an especially difficult case. The News Herald of Panama City …
