There are still several weeks until the end of the year, but forecasts are unlikely to change very much as far as Bermuda’s re/insurers are concerned. A new special report from A.M. Best indicates that “2012 is shaping up as …
Fewer Storms Forecast for 2012 Atlantic Hurricane Season The 2012 Atlantic hurricane season is projected to be less active than in recent years with 11 tropical storms, six of which will intensify into hurricanes, U.S. private forecaster Weather Services International …
A magnitude-7.1 earthquake struck central Chile Sunday night, the strongest and longest that many people said they had felt since a huge quake devastated the area two years ago. Some people were injured by falling ceiling material, but there were …
Catastrophe claims and write downs on investments in sovereign bonds and banks were behind the profit fall revealed by Allianz, Europe’s biggest insurance group. On Thursday it reported net income of €2.804 billion [$$3.777 billion], missing estimates by almost half …
Insurance Australia Group Limited announced that it has finalized its catastrophe reinsurance program for the period commencing January 1, 2012 with up to A$4.7 billion [US$4.86 billion] in coverage, compared to A$4.1 billion [US$4.24 billion] in 2011. “Our reinsurance program …
A strong earthquake with a preliminary magnitude of 7.0 struck under the sea several hundred miles (kilometers) south of Japan on Sunday, shaking buildings in the capital, but officials said there was no danger of a tsunami. The quake struck …
From floods that crippled countries, to mega cyclones, huge blizzards, killer tornadoes to famine-inducing droughts, 2011 has been another record-breaker for bad weather. While it is too early to predict what 2012 will be like, insurers and weather prediction agencies …
