Old Man Winter has been showing his teeth. Freezing temperatures, combined with the heaviest snowfalls Britain and Europe have seen in 30 years, have snarled road, rail and air transportation, caused power outages and generally played havoc across northern Europe …
State Farm will drop as many as 1,650 insurance policies on homes on North Carolina’s coastal barrier islands, according to state officials. Kristin Millam, public information director for the North Carolina Department of Insurance, said State Farm executives told regulators …
Georgia Insurance Commissioner John Oxendine said that insured losses in North Georgia from the recent snow and ice storm are estimated to be about $25 million. The estimate includes damage to cars as well as homes and businesses and that …
Troops and planeloads of food and medicine trickled in to Haiti Thursday to aid a traumatized nation still rattled by aftershocks from the catastrophic earthquake that flattened homes and government buildings and buried countless people. The Haitian Red Cross said …
Haiti’s private insurance market is very small but its government did provide a level of insurance coverage to its citizens by participating in a regional risk sharing pool. “Haiti is the poorest country in the Western Hemisphere and poor countries …
A program to buy oft-flooded properties in Jackson County, Mississippi may be moving forward after years of delays. After Hurricanes Georges in 1998 and Katrina in 2005, the Federal Emergency Management Agency and Mississippi Emergency Management Agency offered to purchase …
A massive earthquake, initially estimated at around 7.0 on the Richter scale, struck Haiti just before 5:00 p.m. local time yesterday afternoon. So far no estimates of the loss of life and the structural damages have been made, but they …
The earthquake that struck Haiti may have caused hundreds of millions of dollars in damages, according to risk assessor Eqecat, which will likely lead to losses even for insurers of well-designed buildings. Eqecat said Tuesday hours after the magnitude 7.0 …
The insurance industry is unlikely to face large losses from a major earthquake that struck Haiti Tuesday, because many properties in the impoverished country lack insurance coverage, according to catastrophe modeler Risk Management Solutions. “The impact to the insurance industry …
Traumatized Haitians slept out in parks and streets Thursday, fearing aftershocks to the catastrophic earthquake that flattened homes and government buildings and buried countless people. Tens of thousands of people were feared dead and many were believed to be still …
