While 2007 was surprisingly calm year for hurricanes, that doesn’t mean Mother Nature didn’t have a tantrum or two. In the past year, the West faced its share of disasters, with freezes, floods and fires making news headlines from California …
The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of virtually all segments of the insurance market and even buyers in …
The Bermuda-based Catlin Group Limited announced that Catlin Insurance Company Ltd. of Bermuda has purchased coverage totaling $225 million under a catastrophe swap agreement in the event of severe US natural catastrophes over a three-year period. Catlin Bermuda concluded a …
Kansas City, Mo.-based. Westrope has announced that it has selected California-based Risk Management Solutions (RMS) to provide catastrophe risk assessment capabilities through RMS Wholesale Broker RiskBrowser. RMS is a provider of products and services for the quantification and management of …
In storm-ravaged parts of the Northwest, home and business owners are beginning to file insurance claims — a process that could be complicated by whether severe winds or floods did the damage. Insurers say they’ve received hundreds of claims, a …
A small earthquake shook houses and woke up residents in western North Carolina but no damage or injuries have been reported. The U.S. Geological Society said the 3.1-magnitude quake struck just after 6 a.m. on Friday about six miles east …
Sen. Trent Lott, R- Miss., appears to have quieted down since his Hurricane Katrina claim has been settled, but other senators in Washington are making noise concerning property insurance and natural disaster legislation. Sen. Chris Dodd, D-Conn., chairman of the …
Sen. Trent Lott, R- Miss., appears to have quieted down since his Hurricane Katrina claim has been settled, so perhaps people will start listening to other senators in Washington on property insurance and natural disaster legislation. Perhaps they will start …
Considering the number of people who lived and worked in the area, the destruction of the World Trade Center complex was the functional equivalent of obliterating a small- to medium-sized city. Several recent and relatively recent events — the wildfires …
The Golden State got a jolt on Oct. 30 with a 5.6 magnitude earthquake just outside of San Jose. An article published by Standard & Poor’s Ratings Services, “Is California’s Earthquake Insurance Coverage On Shaky Ground?” said that although the …
