Declarations Camera, lights, action “In addition to improvements in economic and political conditions, a number of countries are developing into attractive film locales.” — Chris Palmer, director of risk control for Aon/Albert G. Ruben and author of the annual Risks …
An education isn’t how much you have committed to memory, or even how much you know. It’s being able to differentiate between what you do know and what you don’t. — Anatole France (1844 – 1924) Apparently, when it comes …
A large percentage of U.S. homeowners mistakenly believe that standard homeowners insurance protects them from an array of perils, according to research by the National Association of Insurance Commissioners, which recently hosted its summer conference in San Francisco. Yet, typical …
Group challenges Fireman’s Fund’s earthquake rates Consumer advocates have filed a challenge to block a proposed 25 percent increase in Fireman’s Fund’s earthquake rates in California, a move that they say could save each of the company’s earthquake customers $356 …
Global broker Willis, in its latest “Property Alert,” indicated that the “the global capacity, pricing regimens, terms and conditions for both cat risks and non-cat risks in the global property insurance market are changing more rapidly than many would have …
Lancashire Insurance Co. Ltd. gained approval to provide insurance coverage on an excess and surplus basis for properties located in South Carolina. Lancashire intends to focus primarily on coastal windstorm and earthquake coverage for all classes of insureds, including schools, …
As the 2007 hurricane season opens, memories of the horrible 2005 season may have begun to fade from people’s memories, especially as the 2006 season was relatively storm free. But, with one named storm already in the books for this …
The rest of 2007 will continue to be a difficult time for developers and builders to secure builder’s risk insurance for their projects, according to experts at independent wholesale insurance broker Mercator Risk Services. This downturn has its origins in …
Oakland, Calif.-based EQECAT, Inc., a subsidiary of ABSG Consulting, has provided the hurricane and earthquake risk assessment, and the design of the parametric insurance contracts for the formation and operation of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) that became …
Standard & Poor’s Ratings Services has assigned its “B” senior secured debt rating to the $75 million class A, series 2007-I principal-at-risk variable-rate notes issued under the newly established shelf program, Nelson Re Ltd., sponsored by Glacier Reinsurance AG (Glacier …
