A.M. Best Co. announced that it has placed the financial strength ratings of “A-” (Excellent) of Island Heritage Insurance Company Ltd., British Caymanian Insurance Company Ltd., and Cayman General Insurance Company Ltd., under review with negative implications. All companies are …
Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, said that insured losses in the U.S. could range from $4 to $10 billion if Hurricane Ivan follows the latest meteorological forecasts. T he …
Powerful Hurricane Ivan continues to play cat and mouse with forecasters. As of yesterday morning the Category 5 storm was headed for Western Cuba, but just before hitting the island, Ivan moved westward. The main body of the storm passed …
Hurricane Ivan continued its destructive rampage through the Caribbean over the weekend, pummeling the island of Jamaica with winds of 155 mph (250km/h), 23 foot (7 meter) waves and heavy rainfall. Ivan is one of the strongest and most destructive …
As Hurricane Ivan continues on its deadly path through the Caribbean, people in Jamaica and the Cayman Islands are bracing for its arrival. Jamaica is directly in the path of the powerful storm, which is packing sustained winds of 145 …
At least 9 persons were reported to have died on the Caribbean Island of Grenada, following a direct hit from Hurricane Ivan. A report from the BBC, delayed because of damage to communications facilities, said that 90 percent of the …
Catastrophe modeling firm Risk Management Solutions (RMS) has estimated insured losses from Hurricane Charley at $6 to $8 billion based on a detailed reconstruction of the storm’s windfield and damage pattern. RMS engineers have been surveying damage since Saturday, and …
Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, has updated its forecast and loss estimates (See National news) for Hurricane Charley to reflect changes in the storm’s behavior on Friday. The storm …
Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, on Thursday warned that insured losses in the U.S. could exceed $10 billion if Hurricane Charley follows the track and severity estimates published by …
The latest advisory bulletin from the National Hurricane Center in Miami reports that Tropical Storm Charley is continuing rapidly west-northwestward toward Jamaica and that a tropical storm warning and a hurricane watch remain in effect for the island. The NHC …
