Fairfield, Calif.-based GeoVera Holdings Inc., which entered the Texas homeowners market in April 2006, announced they are actively working with Texas producers to secure replacement coverage for policyholders insured with Texas Select Insurance Company, which will cancel all existing policies …
Bermuda-based Endurance Specialty Holdings Ltd. announced that its subsidiary, Endurance Specialty Insurance Ltd., has acquired $235 million of multi-year, collateralized catastrophe reinsurance from Shackleton Re Limited, a Cayman Islands reinsurance company. The bulletin said the “new reinsurance is designed to …
Southeast Asian foreign ministers this week issued an urgent call to set up disaster alert systems in the region, shaken by Indonesia’s failure to give advance warning of a tsunami last week that killed at least 600 people. Foreign ministers …
Former FEMA director promotes state, federal disaster mediation Federal and state governments need to work with insurance companies to sponsor disaster mediation programs before something happens, before people who have worked all their lives for everything they have, then all …
News Currents Federal and state governments should work with private insurance companies to sponsor disaster mediation programs, according to a former head of the Federal Emergency Management Agency. James Lee Witt, president of James Lee Witt Associates and FEMA director …
The virtual, global economy humbles insurance leaders Insurance professionals have a lot to worry about as the fast-paced virtual economy takes hold. According to futurist Edie Weiner, they are right to be worried. She says there are a lot of …
Federal and state governments need to work with insurance companies to sponsor disaster mediation programs before something happens, before people who have worked all their lives for everything they have, then all of a sudden, within minutes, they lose all …
Witt pointed out that as he looks across Florida, the Gulf coast states and America, he has recently seen more devastating events than have ever been witnessed in the history of the nation. He said that in today’s world and …
The historical lessons learned from Katrina and Rita and looming predictions of a future with bigger and stronger storms highlight more than ever before the importance of flood insurance, even in locations where it was previously thought unnecessary. The National …
The excess flood market steps up where NFIP drops off Increased catastrophes raise visibility of excess coverage The historical lessons learned from Katrina and Rita and looming predictions of a future with bigger and stronger storms highlight more than ever …
