Earthquakes News

Business Moves

Aviva The U.K.-based Aviva Group announced plans to expand in Russia. One year ago, the company launched Aviva Russia, and it is now poised to enter the direct sales market with its Moscow-based direct sales force. The company said it …

Commercial property/casualty premiums drop, underwriting relaxes, 1st quarter survey finds

Commercial property/casualty premiums for all sizes of accounts dropped sharply during the first quarter of 2007, with indications that insurance companies are starting to loosen underwriting standards and price aggressively to get business, according to the latest Commercial Property/Casualty Market …

People

Doug Eden joined Main Street America Group as senior vice president, field operations. Eden will be a member of the company’s senior management team based at its corporate headquarters in Jacksonville, Fla. Eden joins Main Street America from The Hanover …

New Markets

My New Markets Commercial Auto Nuts & Bolts: Arrowhead General Insurance Agency Inc. has a commercial auto liability and physical damage coverage program for the standard market. Extra heavy vehicles are accepted, and “Sym 1” is available on fleets of …

Commercial property/casualty premiums drop, underwriting relaxes, 1st quarter survey finds

Commercial property/casualty premiums for all sizes of accounts dropped sharply during the first quarter of 2007, with indications that insurance companies are starting to loosen underwriting standards and price aggressively to get business, according to the latest Commercial Property/Casualty Market …

Weather Report

Estimating the potential costs of future weather related events, linked to climate change, is, at best, an inexact science; there are just too many variables. Nonetheless, a picture is emerging that, whatever happens, the costs are likely to be huge. …

Tenn. Earthquake Commission to Begin Meeting Next Month

Tennessee’s first commission devoted to dealing with a major earthquake is scheduled to begin reviewing disaster preparations next month. The West Tennessee Seismic Safety Commission was established after concerns over the state’s ability to respond to a natural disaster mounted …

Total Cost of Risk Continues Downward Trend, RIMS Survey Finds

The commercial insurance industry continued to experience an overall decline in total cost of risk in 2006 despite coastal property premium hikes, according to the 2006 Annual Benchmark Survey book from the Risk and Insurance Management Society (RIMS). The average …

Swiss Re Expands Nat Cat Global Asset Protection Services

Swiss Re announced from the RIMS Convention in New Orleans that its Global Asset Protection Services (GAPS) are offering new consulting capabilities to improve the management of risks that result from wind and earthquake damage. Benefits include increased underwriting capacity, …

Earthquake Hits Southeast England

A moderate earthquake rattled parts of southeast England Saturday morning, toppling chimneys from houses and rousing residents from their beds. Several thousand people were left without power after the quake in the county of Kent. The only reported casualty was …