A.M. Best Europe – Rating Services Ltd has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 510, which is managed by R.J. Kiln & Co Ltd. Best also affirmed …
For some Ohioans, the memory of Hurricane Ike is only surpassed by the damage it caused last Sept. 14 as it made its way across the Buckeye State packing winds at speeds equal to a Category 1 hurricane (up to …
A study published by Standard & Poor’s Ratings Services – entitled: “Reinsurers Foot The Bill For Chilean Earthquake Losses” – indicates that the global reinsurance industry has “shouldered a significant portion of the economic losses related to the powerful earthquake …
When hurricanes and tropical storms hit the North Carolina coast, it can give pause to residents and also to those considering moving close to the ocean. But does it do the same thing to businesses? Coastal geography “is always a …
Risk Management Solutions has stated that, based on its analysis of the area exposed to the New Zealand earthquake, it “currently expects that approximately 60-70 percent of the insured loss will be residential, and 30-40 percent will be commercial and …
The magnitude 7.0 earthquake which struck the Southern Island of New Zealand on Saturday, Sept. 4 miraculously caused no fatalities; however it did cause substantial damages. Catastrophe modeling firm AIR Worldwide has estimated that industry insured losses from quake will …
Northern California experienced mild shaking when a 3.3 magnitude earthquake struck the San Pablo, Calif., area at 9:35 a.m. this morning. According to the U.S. Geological Survey, the earthquake, which occurred on the Hayward fault, was recorded at a depth …
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is preparing to make a payout to the Government of Anguilla as a result of Tropical Cyclone Earl which passed close to Anguilla and other islands in the northeastern Caribbean as a major …
The reinsurance sector is vulnerable to a significant insured loss from the Atlantic storm season as their reserve capital has been used to offset low premiums, Fitch Ratings said, as Hurricane Earl threatens to hit land. As Earl lingers as …
Breckenridge Insurance Services LLC was selected as the program administrator for CNA Select Risk’s Public Entity program in 16 western and Midwestern states. This program offers small and medium sized cities, towns, villages, counties and other special districts liability coverage …
