Peak hurricane season has arrived. Despite this season’s slow start, people who live along the coast are constantly aware that the next big storm could take shape at any time. This year, however, everyone is also looking back at one …
Although most small business owners know they need property and casualty insurance for their premises, many don’t realize they need specialized insurance coverage to limit their losses from a disaster. Perhaps the biggest omission owners make when buying a commercial …
Floridians can go back to worrying about hurricanes. Scientists said last Sunday’s magnitude 6.0 earthquake that rattled windows from southwest Florida to Louisiana was rare, and a seismic jolt powerful enough to do damage or unleash a tsunami on the …
The House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, heard testimony today from industry advocates to discuss the need for public and private sectors to work together to develop market-based solutions to the problem of providing …
Oakland, Calif.-based EQECAT Inc., an affiliate of ABSG Consulting Inc. and an extreme-risk modeling company, announced that during the first eight months of 2006, it conducted seven risk analysis projects for catastrophe bond transactions totaling $1.9 billion. “While it is …
Although most small business owners know they need property and casualty insurance for their premises, many don’t realize they need specialized insurance coverage to limit their losses from a disaster. Perhaps the biggest omission owners make when buying a commercial …
The United States Geological Survey, National Earthquake Information Center, reported that a strong earthquake occurred about 250 miles (405 km) south-southwest of Apalachicola, Florida at 10:56 am EDT, Sept. 10 2006. This earthquake was felt in parts of Florida, Georgia …
It was the biggest natural disaster in South Carolina before Hurricane Hugo. On Sept. 8, the 120th anniversary of the Charleston earthquake passed quietly. The magnitude 7.3 earthquake on Aug. 31, 1886, killed more than 100 people and destroyed about …
On the eve of the Reinsurance Rendezvous in Monte Carlo, Guy Carpenter & Company, the risk and reinsurance specialist of the Marsh & McLennan Companies has published its annual, comprehensive study of the global property catastrophe reinsurance market. The study …
Calif.-based Risk Management Solutions has opened an office in Zurich, Switzerland “to service its growing client base in continental Europe.” RMS said it chose to locate in Zurich as it is “a major European center for insurance and finance, and …
