Agents advised to discuss extended coverage provisions and contingent business interruption insurance Several recent and relatively recent events — the wildfires in southern California, Hurricane Katrina in August 2005 and the Sept. 11, 2001, terrorist attacks — have raised awareness …
Several recent and relatively recent events — the wildfires in southern California, Hurricane Katrina in August 2005 and the Sept. 11, 2001, terrorist attacks — have raised awareness of how, and whether, business interruption (BI) insurance applies in the context …
Disaster recovery still is very much on the minds of property owners and insurers in the South Central region despite relatively mild back-to-back catastrophe years. Louisiana has a long way to go before the state can say it has recovered …
AIR Worldwide Corporation announced that it estimates insured losses from a major earthquake that struck the coast of Chile on Wednesday will likely not exceed $80 million. AIR noted that the “USGS has issued a preliminary magnitude estimate of 7.7Mw. …
As if Southern California’s recent devastating wildfires weren’t enough, the Golden State got a second jolt on Oct. 30 via a 5.6 magnitude earthquake just outside of San Jose. An article published by Standard & Poor’s Ratings Services, which is …
Saying he believes that immediate assistance is needed for those living near coastal areas who are grappling with skyrocketing property insurance premiums, Senator Chris Dodd, D-Conn., chairman of the Senate Banking, Housing and Urban Affairs Committee and presidential candidate, has …
State lawmakers are considering whether to offer financial help to victims of a deadly interstate bridge collapse, who face mounting medical bills and other costs. A joint House-Senate subcommittee met Friday (Nov. 9) to hear from collapse victims, lawyers, state …
While the losses from Southern California’s wildfires are still being tallied, parallels are being drawn between October’s blazes and 2003’s Cedar and Old Fires, which struck in many of the same areas. Some agents and brokers say the damage is …
Collateral conundrum: To change or not to change N.Y. steps out as first state to deliver level playing field for all reinsurers New York State Insurance Superintendent Eric Dinallo’s proposal that the highest rated U.S. and non-U.S. reinsurance companies, not …
Catastrophic wildfires sweep across Southern California Industry estimates insured losses at more than $1.5 billion and rising Insured losses are continuing to accumulate from Southern California wildfires that burned in late October, with most insurance industry analysts estimating insured losses …
