A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of Hong Kong-based NIPPONKOA Insurance Company (Asia) Limited, both with stable outlooks for both ratings is stable. “The ratings reflect NIPPONKOA …
The association that sells and manages insurance programs for Kentucky’s 120 counties operates with a “self-serving culture” that has resulted in millions of dollars in questionable spending the past three years, according to a critical report by the state auditor. …
An earthquake early warning system for California is feasible in coming years, according to research being presented at the American Geophysical Union meeting in San Francisco this week. The ongoing study demonstrates that an earthquake early warning system for California …
The world this year suffered the fewest number of natural disasters in a decade, but floods, droughts and other extreme weather continued to account for most of the deaths and economic losses, according to a United Nations report released on …
$5 Million The amount of damage to the shoreline in Gulf Shores and Orange Beach, Alabama, caused by Tropical Storm Ida, a relatively mild storm. $250,000 The default judgment against Tippah County upheld by the Mississippi Supreme Court. A man …
The outlook is not good for Oregon bridges in a major earthquake. A study released recently concludes that U.S. Highway 101 on the coast would be impassable, all connections from the coast to the Willamette Valley would be broken, and …
Swiss Re announced that it has entered into a transaction with Successor X Ltd. a Cayman Islands exempted company financed through the offering of insurance-linked securities, to receive up to $150 million of payments. They would be triggered in the …
Virginia Tech’s Seismological Observatory says a small earthquake that struck central Virginia prompted numerous reports of weak to light shaking but it didn’t cause any damage. The observatory and the U.S. Geological Survey say the 2.7-magnitude quake occurred at 5:24 …
The New England Seismic Network says a small earthquake shook parts of western Maine early Thursday morning. According to Weston Observatory at Boston College, the earthquake happened at 2 a.m. and had a magnitude of 2.5. It was centered about …
In 2005, when Cory Brooke, a partner of TCOR Insurance Management in Beeville, Texas, traveled to Nicaragua with other insurance executives as a volunteer for non-profit Bridges to Community, he was the only Texan in the group. Moved by his …
