An Arkansas legislative committee in early January 2008 put off a review of the state’s building code after lawmakers questioned costs related to making structures withstand earthquakes that come once every 2,500 years. Firefighters and others support the new regulations …
While winter storms do not attract the attention of mega-catastrophes such as hurricanes and earthquakes, these smaller events can add up to impact insurers’ bottom lines. However, insurers can now avail themselves of such risks by using new technology to …
A small state like Alaska sometimes has trouble convincing the property/casualty insurance industry of creating opportunities in its state. So Alaska Director of Insurance Linda Hall relies on her experiences as a former high school English teacher to school others …
Dublin-based Research and Markets announced the addition of “South African Insurance Industry Forecast till 2012” to their offering. The report “provides extensive research and in-depth analysis of the insurance sector in South Africa,” said the bulletin. “Detailed analysis supplemented with …
Rating agency A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa” of Allstate Insurance Group (Allstate) and its members. Additionally, A.M. Best has affirmed the ICR of “a” and …
In a special report A.M. Best Co. warns that “lurking beneath Central Europe are numerous faults that rarely break the ground surface but that still could lead to large scale catastrophe losses for insurers and reinsurers.” As a result Best …
Central Europe isn’t the only place in the world that faces earthquake threats (See related article). The Insurance Bureau of Canada has issued a call for the creation of an ongoing working group between the insurance industry and the provincial …
An Arkansas legislative committee has put off a review of the state’s building code after lawmakers questioned costs related to making structures withstand earthquakes that come once every 2,500 years. Firefighters and others support the new regulations to the Arkansas …
Nationwide Mutual Insurance Co. is raising the deductible on its earthquake coverage because of the risk of major losses from an earthquake. Columbus-based Nationwide is raising the deductible from 2 percent to 5 percent of a home’s insured value. Nationwide …
Guy Carpenter greeted the new year with the publication of “Near Misses, Plentiful Reminders: Global Reinsurance Review January 2008,” which it describes as a “briefing on the major trends driving pricing and market conditions across the global reinsurance industry into …
