The U.S. Forest Service says fire danger levels in parts of the Angeles National Forest that did not burn this year are being downgraded because of recent rain and snowfall. In a statement, the Forest Service says the level will …
The U.S. Chemical Safety Board on Wednesday called a July explosion at Citgo Petroleum Corp.’s Corpus Christi, Texas, refinery “a significant near-miss” for a widespread release of highly toxic hydrogen fluoride (HF) into a community. “It’s a significant near-miss of …
The federal government says it distributed nearly $80 million in disaster relief funds to four New England states following a devastating ice storm a year ago. The storm of Dec. 11-12, 2008, knocked out power to an estimated 1.4 million …
Karen Clark & Company, independent experts in catastrophe risk, catastrophe models, and catastrophe risk management, has introduced a new service, Thinking Outside the Black Box Catastrophe Management Operational Review. The Review provides a comprehensive examination of an insurance company’s use …
Galveston County residents needing home repair assistance resulting from 2008’s Hurricane Ike can get federal help through a nearly $100 million grant program. In addition, the Texas Department of Insurance reports that it remains available to assist consumers with unresolved …
Joe Plumeri, Chairman and CEO of Willis Group Holdings Limited, the global insurance broker, today called on corporate leaders to recognize and address the risks facing business at the start of a new decade. Plumeri delivered his remarks at Town …
Allstate Corp. and Alfa Mutual plan to drop wind coverage on an estimated 14,000 homeowner policies in Alabama’s two coastal counties over the next 18 months, the latest blow to property owners seeking insurance in an area vulnerable to hurricanes. …
With a recent check showing that fewer than 1 in 4 of the buildings in the Green River flood plain have federal flood insurance, state Insurance Commissioner Mike Kreidler is strongly urging more owners and renters to buy flood coverage …
Swiss Re announced that it has entered into a transaction with Successor X Ltd. a Cayman Islands exempted company financed through the offering of insurance-linked securities, to receive up to $150 million of payments. They would be triggered in the …
The Atlantic hurricane season ended this Monday with barely a whimper: Not a single hurricane came ashore in the United States. Since June, when the season began, just nine named storms developed. Only three of them became hurricanes, and those …
