A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of the UK-based Travelers Insurance Company Limited (TICL), both with stable outlooks. “TICL is expected to maintain excellent …
Catastrophe modeling firm AIR Worldwide estimates that insured losses from the magnitude 7.2 earthquake that struck eastern Turkey Sunday, October 23rd, near the city of Van, will be between 100 million TRY ($56.5 million) and 300 million TRY ($170 million). …
The Bermuda-based Argo Group International Holdings, Ltd. announced that it expects to report in the third quarter its estimate for catastrophe losses and other severe weather activity, net of reinsurance and reinstatement premiums, of approximately $35 million to $40 million. …
Countries and megacities in Africa and Asia are among the most vulnerable to the impacts of climate change over the coming years, a global survey shows, underscoring the risks from floods, rising sea levels, droughts and storms. With populations in …
Flagstone Re announced that its preliminary estimates for losses occurring in the third quarter of 2011 are expected to total around $45 million. The losses that impacted its reinsurance segment were related to Hurricane Irene, floods in Denmark, and the …
At least 12 contract employees hired to repair the Surry nuclear power plant have been exposed to asbestos. State Department of Labor and Industry reports obtained by the Daily Press found that flakes of the cancer-causing substance went airborne in …
As frustration has built in flood-ravaged upstate New York towns nearly two months after back-to-back tropical storms, Lt. Gov. Robert Duffy is visiting the sites to assess progress. Despite state and federal officials’ assurances of a quick recovery in the …
Dozens of rotting, abandoned boats will be hauled out of Terrebonne Parish bayous as part of a parish-wide campaign to remove aquatic blight. The Courier reported that 43 boats will be removed from Bayou Grand Caillou, Bayou Dulac, Bayou Terrebonne, …
Chartis has expanded the industry classes addressed by NextGen Protection, a suite of environmental insurance solutions offered through its environmental division. The latest product in the NextGen Protection suite is CPL Specialty Trade Protect, which was designed to for the …
The American Academy of Actuaries has presented the 2011 Robert J. Myers Award for Public Service to Mary Downey Miller, assistant director of the product regulation and actuarial services division at the Ohio Department of Insurance. Miller was selected in …
