A Texas-based insurer should not have to pay for hurricane damages to a Mississippi home caused by a combination of wind and water, company attorneys told the Mississippi Supreme Court this week. Greg Copeland of Jackson, attorney for United Services …
Air France has said all its flights using long-haul Airbus jets will be equipped immediately with new speed sensors after last week’s disaster over the Atlantic, a pilots’ union said Tuesday. The pitot tubes that gauge speed have become the …
Rhode Island is receiving $2.3 million in stimulus funds to protect towns against flooding. The state’s congressional delegation announced Thursday that the money will go toward projects in Cranston and West Warwick. Almost $2 million is devoted to purchasing easements …
Searchers found 15 more bodies from a crashed Air France jet Sunday and retrieved a large amount of debris from the plane that plunged into the Atlantic Ocean in the worst air disaster since 2001. Nearly a week after the …
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) announced that all 16 Caribbean member governments have renewed their catastrophe policies with for the 2009/10 policy period. “Member governments were able to take advantage of a 10 percent decrease in premium costs …
Risk Management Solutions has completed a new quantitative analysis, which “reveals that a micro-insurance system could be both technically and commercially viable to provide cover against catastrophic earthquake risk in rural China.” RMS explained that “with the appropriate support, micro-insurance …
Nevada Insurance Commissioner Scott J. Kipper has released three public service announcements to air on television and radio stations across the state beginning in June. The PSAs bring to light some important issues regarding insurance, and provide a brief education …
The last manual message from the pilot of Air France Flight 447 indicated the plane was headed into a storm. Ten minutes later a flurry of automated messages began: The autopilot had disengaged; a key computer system had switched to …
French officials said on Wednesday they might never discover why an Air France aircraft crashed into the Atlantic, killing 228 people, and that they might not even find the plane’s black boxes on the ocean floor. Brazilian and French navy …
Insurance Australia Group Limited (IAG) has confirmed that it currently expects to pay between A$25 million and A$35 million (US$20.2 to $28.3 million) to customers affected by the recent storms in south-east Queensland and Northern New South Wales. Its operating …
