Earthquakes News

The Commissioners: Julie Mix McPeak

Kentucky competes in captive horserace; keeps eye on workers’ comp Julie Mix McPeak, an attorney with more than a decade of experience in state government, was appointed executive director of the Kentucky Office of Insurance (KOI) by Gov. Ernie Fletcher …

Caribbean nations establish joint disaster insurance pool

Caribbean countries joined by outside donors and international and regional organizations established a $47 million insurance pool to soften the blow from earthquakes and hurricanes. Called the Caribbean Catastrophe Risk Insurance Facility, the program grew out of member governments’ determination …

Lessons learned from Katrina and beyond

The 2006 Atlantic hurricane season came and went with barely a blip — despite initial projections by some that there would be two to five major hurricanes that year. How could insurance industry predictions be so wrong? They weren’t, according …

Caribbean nations establish joint disaster insurance pool

Caribbean countries joined by outside donors and international and regional organizations established a $47 million insurance pool to soften the blow from earthquakes and hurricanes. Called the Caribbean Catastrophe Risk Insurance Facility, the program grew out of member governments’ determination …

Non-Franchised Auto Dealer’s Physical Damage Program Launched

Memphis, Tennessee – London American Risk Specialists, Inc. and Integon Specialty, a division of GMAC Insurance, are pleased to introduce the immediate launch of a Non-Franchised Auto Dealer’s Physical Damage (DOL) Program for dealerships located in Tennessee, Arkansas, & Mississippi. …

Munich Re Releases 2006 Nat Cat Report; Focus on Climate Change

In a just released report – “Topics Geo — Natural catastrophes 2006” – Munich Re maintains that “continuing unfavorable natural climate cycle and additional effects of global warming will increase the risk of hurricanes in the current and forthcoming years.” …

Deadly Quake Strikes Sumatra

Preliminary reports indicate that at least 70 people have been killed by a powerful earthquake that struck the Indonesian Island of Sumatra early this morning. Many more have been injured, and local authorities expect the death toll to rise. The …

Guy Carpenter, MMC Securities Release Cat Bond Survey

Guy Carpenter & Co., the global risk and reinsurance specialist of the Marsh & McLennan Companies, and its affiliate MMC Securities Corp. have published their fifth annual Cat Bond survey: “Catastrophe Bond Market at Year-End 2006: Ripples Into Waves.” The …

Kentucky Guardsmen, Emergency Teams Practice Earthquake Drills

National Guardsmen and emergency management officials in 13 western Kentucky counties spent last week responding to an earthquake that hadn’t actually occurred. The exercise simulated response to a magnitude 7.5 earthquake hitting at 3 a.m. CST last Tuesday along the …

Caribbean Nations Establish Joint Disaster Insurance Pool

Caribbean countries joined by outside donors and international and regional organizations established a $47 million (euro35.7 million) insurance pool this week to soften the blow from earthquakes and hurricanes. Called the Caribbean Catastrophe Risk Insurance Facility, the program grew out …